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Premium Report Details
Base Year: 2024
Companies covered: 14
Tables & Figures: 230
Countries covered: 19
Pages: 135
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Needle Market
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Needle Market Size
The global needle market size was valued at USD 8.5 billion in 2024. The market is expected to reach from USD 9.1 billion in 2025 to USD 16.4 billion in 2034, growing at a CAGR of 6.8% during the forecast period. Needles are medical devices used in hospitals for a variety of procedures across different medical specialties. The growth of the market is largely driven by the growing prevalence of chronic diseases such as cancer, cardiovascular, respiratory, and neurological disorders, among others.
For instance, in 2021, as per the data from the World Health Organization (WHO), non-communicable disease was responsible for 43 million deaths worldwide. Among these, cardiovascular disease was responsible for at least 19 million deaths followed by cancer with 10 million, chronic respiratory diseases with 4 million. In addition, the WHO reported that in 2022, more than one third of individuals experienced neurological disorders, making it one of the primary causes of illness and disability worldwide. Therefore, the growing incidence of these chronic illnesses has heightened the demand for multiple needle-based interventions for diagnostic and therapeutic purposes.
Moreover, the increasing number of surgeries worldwide is reshaping the surgical landscape, where needles play a significant role in guaranteeing effective treatment delivery. For example, as reported by WHO in 2023 over 300 million surgical procedures are performed each year around the world indicates the emphasis on utilizing high-quality, safe, and reliable needles, with patient safety being at the top.
The rise in surgeries worldwide is making it clear how vital precision and safety are in these methods. A needle is a mechanical device which is sharp and pointed and is designed in such a manner that it punctures the skin or the tissue of the human body. It is commonly used along with a syringe or a catheter, playing a key role in diverse medical procedures.
Needle Market Trends
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Needle Market Analysis
Based on product, the market is segmented into pen needles, hypodermic needle, suture needle, blood collection needle, dental needle, acupuncture needle and other products. The market was estimated at USD 8.5 billion in 2024. The pen needle segment held revenue of USD 3 billion in 2024. The segment is poised for significant growth at a CAGR of 6.7% during the forecast period.
Based on the material type, needle market is segmented into glass needle, plastic needle, stainless steel needle/metallic needle and polyetheretherketone (PEEK) needles. The stainless steel/metallic needle segment dominated the market with a market share of 60.6% in 2024.
Based on the usage type, needle market is segmented into disposable and reusable/sterilizable. The disposable segment dominated the market with a market share of 57.2% in 2024.
Use of disposable needles helps various healthcare centers to significantly reduce the cost of sterilization and risk of hospital acquired infections (HAI).
Based on the application, needle market is segmented into, diagnostic and therapeutics. The therapeutics segment dominated the market with a market share of 57.6% in 2024. The therapeutic segment is further bifurcated into vaccination, drug delivery, aesthetic procedures, insulin administration, dental, surgical and other therapeutics applications.
Based on the end use, needle market is segmented into clinics, hospitals, diagnostic center, research laboratories, ambulatory surgical centers and home care settings. The hospitals segment held revenue of USD 3.1 billion in 2024, and the segment is poised for significant growth at a CAGR of 6.3% during the forecast period.
North America: The U.S. needle market is forecasted to reach USD 6.5 billion by 2034.
Europe: The needle market in the UK is projected to grow significantly from 2025 to 2034.
Asia Pacific: The needle market in the Japan is projected to grow significantly from 2025 to 2034.
Middle East and Africa: The Saudi Arabia needle market is projected to grow significantly from 2025 to 2034.
Needle Market Share
The market for needle is highly competitive, with both established players and new entrants consistently innovating and developing advanced products. In terms of revenue, the market is primarily dominated by leading firms such as Becton, Dickinson and Company; Terumo, B. Braun Medical, Cardinal Health, Smiths Medical (ICU Medical), and Stryker which collectively account for approximately 65% of the total market share. These companies are focusing on the development to enhance surgical precision and accuracy, enabling market players to strengthen their position in this growing sector.
Needle Market Companies
Some of the eminent market participants operating in the needle industry include:
Needle Industry News:
The needle market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By Product
Market, By Material
Market, By Usage Type
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: