Butterfly Needles Market

Butterfly Needles Market, By Type, By Gauge Size, By Application, By End User, By Usage Frequency, By Material, By Safety Feature, By Vein Type, By Distribution Channel, , And By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

The global market for butterfly needles is experiencing significant growth due to the increasing prevalence of chronic diseases and the rising demand for minimally invasive procedures. Butterfly needles, also known as winged infusion sets, are medical devices used for venipuncture and intravenous (IV) therapy. They are designed with a small, flexible butterfly-shaped wing attached to a hollow needle, allowing for easy insertion and secure placement in the patient's vein.

The market is driven by several factors, including the growing geriatric population, which is more prone to chronic diseases requiring regular blood tests and IV therapy. Additionally, the rising number of surgical procedures and the increasing demand for home healthcare services are contributing to the market growth. Butterfly needles offer advantages such as reduced pain, improved patient comfort, and ease of use, making them a preferred choice for healthcare professionals.

Market Dynamics:

The global butterfly needles market is expected to witness significant growth during the forecast period. The market is driven by factors such as the increasing prevalence of chronic diseases, the rising demand for minimally invasive procedures, and the growing geriatric population. Additionally, the market is fueled by the rising number of surgical procedures and the increasing demand for home healthcare services.

However, there are certain factors that may restrain market growth. These include the high cost of butterfly needles, the risk of needlestick injuries, and the availability of alternative devices such as safety needles and catheters. Furthermore, the market faces challenges in terms of stringent regulatory requirements and the lack of awareness about butterfly needles in developing regions.

Despite these challenges, the market presents several opportunities for growth. The increasing adoption of advanced technologies in healthcare, the development of innovative butterfly needle designs, and the expansion of healthcare infrastructure in emerging economies are expected to create lucrative opportunities for market players. Moreover, the growing focus on patient safety and the increasing demand for point-of-care testing are driving the demand for butterfly needles.

Key Features of the Study:

• This report provides in-depth analysis of the global butterfly needles market, including market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), with 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• Key companies covered as a part of this study include Becton, Dickinson and Company, Kawasumi Laboratories Inc., Vygon SA, Medline Industries Inc, ISOMed, Terumo Corporation, HTL Strefa, Cardinal Health, iLife Medical Devices Pvt. Ltd., and AdvaCare Pharma.
• Insights from this report would allow marketers and management authorities of the companies to make informed decisions regarding their future product launches, type upgrades, market expansion, and marketing tactics.
• The global butterfly needles market report caters to various stakeholders in this industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global butterfly needles market.

Detailed Segmentation:

• Global Butterfly Needles Market, By Type:
• Winged Butterfly Needles
• Straight Butterfly Needles
• Global Butterfly Needles Market, By Gauge Size:
• 18 G
• 21 G
• 23 G
• Others
• Global Butterfly Needles Market, By Application:
• Blood Collection
• Intravenous (IV) Therapy
• Drug Administration
• Others
• Global Butterfly Needles Market, By End User:
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Home Care Settings
• Global Butterfly Needles Market, By Usage Frequency:
• Single-use Butterfly Needles
• Multi-use Butterfly Needles
• Global Butterfly Needles Market, By Material:
• Stainless Steel
• Plastic
• Global Butterfly Needles Market, By Safety Feature:
• Non-Safety Butterfly Needles
• Safety Butterfly Needles
• Global Butterfly Needles Market, By Vein Type:
• Scalp Vein Butterfly Needles
• Arm Vein Butterfly Needles
• Global Butterfly Needles Market, By Distribution Channel:
• Hospitals Pharmacies
• Retail Pharmacies
• Online Pharmacies
• Global Butterfly Needles Market, By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
• Company Profiles
• Becton, Dickinson and Company
• Kawasumi Laboratories Inc.
• Vygon SA
• Medline Industries Inc.
• ISOMed
• Terumo Corporation
• HTL Strefa
• Cardinal Health
• iLife Medical Devices Pvt. Ltd.
• AdvaCare Pharma