Special Purpose Needles Sector: Growth Drivers and Challenges
Growth Drivers
-
Growth of Next-Generation Microneedle and Needle-Free Injection Technology
- Awareness of Special Purposed Needles such as Pre-Filled Syringes
Challenges
-
Technical Challenges on a Product-by-Product Basis
- High Viscosity of Biological Products
Special Purpose Needles Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
7.8% |
|
Base Year Market Size (2024) |
USD 14.2 billion |
|
Forecast Year Market Size (2037) |
USD 37.7 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of special purpose needles is assessed at USD 15.14 billion.
Special Purpose Needles Market size was over USD 14.2 billion in 2024 and is projected to reach USD 37.7 billion by 2037, growing at around 7.8% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is poised to dominate majority revenue share by 2037, on account of increasing demand for passive drugs, and requirement of special purpose needles especially for the rising geriatric population across the region.
The major players in the market are Terumo Group, Smiths Medical, Boston Scientific Corporation, Stryker Corporation, Nipro Medical Corporation, Cook Group Incorporated, India Medtronic Private Limited, Cardinal Health, Inc., and SERAG-WIESSNER GmbH & Co. KG.
