The Asia Pacific butterfly needles market is expected to grow from US$39.37 million in 2022 to US$ 66.26 million by 2028. It is estimated to record a CAGR of 9.1% from 2022 to 2028.
Increasing Organic and Inorganic Strategies by Key Players Fuel Asia Pacific Butterfly Needles Market Growth
The key market players are adopting various organic and inorganic strategies, including mergers and acquisitions, expansions, and new product launches, to stay competitive in the market. In January 2022, ICU Medical Inc. acquired Smiths Medical from Smiths Group plc. The Smiths Medical business includes syringes, ambulatory infusion devices, and vascular access and vital care products. The company offers Saf-T Wing butterfly needle, a single-use needle for drawing blood from venous. ICU Medical has become a leading infusion therapy company with a larger footprint after adding the Smiths product line to its portfolio. Similarly, in June 2020, Becton Dickinson Benelux NV launched BD Vacutainer UltraTouch Push Button Blood Collection Set with Pre-Attached Holder. A pre-attached holder prevents accidental needlestick injury due to the nonpatient (tube-side) needle and helps ensure compliance with OSHA's single-use holder requirements. Thus, many organic and inorganic strategies in the butterfly needles market enables healthcare professionals to provide improved services. These strategies help key players to meet the rising demand for butterfly needles that can efficiently manage patients suffering from chronic disease conditions, thereby driving the Asia Pacific butterfly needles market growth.Asia Pacific Butterfly Needles Market Overview
The Asia Pacific butterfly needles market is segmented into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. China dominated the market in 2022. Healthcare providers often recommend a blood test to discover any underlying diseases such as cardiovascular diseases, diabetes, cancer, and HIV/AIDs. According to an article titled Cardiovascular Health and Diseases in China" by the National Center for Biotechnology Information (NCBI), Cardiovascular disease (CVD) accounted for ~47% and 44% of all deaths in rural and urban areas, respectively, in 2019. Two out of every five deaths occur due to CVD, and it is estimated that over 330 million patients suffer from CVD in China. According to the same source, the number of patients suffering from various diseases includes stroke (~13 million), heart failure (~11 million), coronary heart disease (~9 million), pulmonary heart disease (~5 million), rheumatic heart disease (~4.87 million), atrial fibrillation (~2.5 million), lower extremity artery disease (~2 million), congenital heart disease (~45.30 million), and hypertension (~245.00 million). According to United Nations Program on HIV/AIDS (UNAIDS), in 2018, ~1.25 million people were affected by HIV in China. Furthermore, according to World Health Organization (WHO), China has a high rate of diabetes, as more than 10% of the total population in China is suffering from diabetes. Also, as per WHO, by 2040, an estimated 402 million people (28% of the total population) will be aged 60 years and above. Thus, China is facing the pressures of an aging population and the constant rise in the prevalence of metabolic risk factors. As a result, the CVD and diabetes burden will continue to increase, setting new requirements for the development and application of butterfly needless for blood testing in China. Further, the growing presence of local key players in the butterfly needles market in the country is boosting the market in China. Manufacturers are focusing on expanding their strategic global presence and specialized expertise with exclusive technological capabilities, leading to the expansion of needle sets and butterfly needles availability in China. Hence, the rising prevalence of diabetes and cardiovascular diseases, the increasing geriatric population, and the expansion of regional players are expected to propel the growth of the butterfly needles market in China.Table of Contents
1. Introduction1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Butterfly Needles Market - by Application
1.3.2 APAC Butterfly Needles Market - by End User
1.3.3 APAC Butterfly Needles Market - by Country
2. APAC Butterfly Needles Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Butterfly Needles Market - Market Landscape
4.1 Overview
4.2 APAC PEST Analysis
4.3 Expert’s Opinion
5. APAC Butterfly Needles Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Prevalence of Chronic Diseases
5.1.2 Advantages of Butterfly Needles over Straight Needles
5.2 Market Restraints
5.2.1 Risk Associated with Butterfly Needlestick Injuries
5.3 Market Opportunities
5.3.1 Increasing Cancer Research
5.4 Future Trends
5.4.1 Increasing Organic and Inorganic Strategies by Key Players
5.5 Impact Analysis
6. Butterfly Needles Market - APAC Analysis
6.1 APAC Butterfly Needles Market Revenue Forecast and Analysis
7. APAC Butterfly Needles Market Analysis - By Application
7.1 Overview
7.2 APAC Butterfly Needles Market, by Application 2021 & 2028 (%)
7.3 Blood Collection
7.3.1 Overview
7.3.2 Blood Collection: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.4 IV Rehydration
7.4.1 Overview
7.4.2 IV Rehydration: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.5 Delivery of Medications
7.5.1 Overview
7.5.2 Delivery of Medications: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.6 Venipuncture
7.6.1 Overview
7.6.2 Venipuncture: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.7 Blood Transfusion
7.7.1 Overview
7.7.2 Blood Transfusion: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8. APAC Butterfly Needles Market Analysis - By End User
8.1 Overview
8.2 APAC Butterfly Needles Market Revenue Share, by End User 2021 & 2028 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8.4 Clinics
8.4.1 Overview
8.4.2 Clinics: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8.5 Blood Banks
8.5.1 Overview
8.5.2 Blood Banks: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8.6 Others
8.6.1 Overview
8.6.2 Others: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9. APAC Butterfly Needles Market - Country Analysis
9.1 Overview
9.1.1 APAC: Butterfly Needles Market, by Country, 2021 & 2028 (%)
9.1.1.1 China: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.1.1 Overview
9.1.1.1.2 China: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.1.3 China: Butterfly Needles Market, by Application, 2019-2028 (US$ Thousand)
9.1.1.1.4 China Butterfly Needles Market, by End User, 2019-2028 (US$ Thousand)
9.1.1.2 Japan: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.2.1 Overview
9.1.1.2.2 Japan: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.2.3 Japan: Butterfly Needles Market, by Application, 2019-2028 (US$ Thousand)
9.1.1.2.4 Japan: Butterfly Needles Market, by End User, 2019-2028 (US$ Thousand)
9.1.1.3 India: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.3.1 Overview
9.1.1.3.2 India: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.3.3 India: Butterfly Needles Market, by Application, 2019-2028 (US$ Thousand)
9.1.1.3.4 India: Butterfly Needles Market, by End User, 2019-2028 (US$ Thousand)
9.1.1.4 South Korea: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.4.1 Overview
9.1.1.4.2 South Korea: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.4.3 South Korea: Butterfly Needles Market, by Application, 2019-2028 (US$ Thousand)
9.1.1.4.4 South Korea: Butterfly Needles Market, by End User, 2019-2028 (US$ Thousand)
9.1.1.5 Australia: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.5.1 Overview
9.1.1.5.2 Australia: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.5.3 Australia: Butterfly Needles Market, by Application, 2019-2028 (US$ Thousand)
9.1.1.5.4 Australia: Butterfly Needles Market, by End User, 2019-2028 (US$ Thousand)
9.1.1.6 Rest of APAC: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.6.1 Overview
9.1.1.6.2 Rest of APAC: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.6.3 Rest of APAC: Butterfly Needles Market, by Application, 2019-2028 (US$ Thousand)
9.1.1.6.4 Rest of APAC: Butterfly Needles Market, by End User, 2019-2028 (US$ Thousand)
10. Industry Landscape
10.1 Overview
10.2 Organic Developments
10.2.1 Overview
10.3 Inorganic Developments
10.3.1 Overview
11. Company Profiles
11.1 B. Braun SE
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Becton Dickinson and Co
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nipro Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Cardinal Health Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Medline Industries Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Terumo Corp
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 SB-Kawasumi Laboratories Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 ICU Medical Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Vogt Medical Vertrieb GmbH
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms
List of Tables
Table 1 APAC Butterfly Needles Market, Revenue and Forecast, 2019-2028 (US$ Thousand)
Table 2. China Butterfly Needles Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 3. China Butterfly Needles Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 4. Japan Butterfly Needles Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 5. Japan Butterfly Needles Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 6. India Butterfly Needles Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 7. India Butterfly Needles Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 8. South Korea Butterfly Needles Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 9. South Korea Butterfly Needles Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 10. Australia Butterfly Needles Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 11. Australia Butterfly Needles Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 12. Rest of APAC Butterfly Needles Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 13. Rest of APAC Butterfly Needles Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 14. Organic Developments
Table 15. Inorganic Developments
Table 16. Glossary of Terms
List of Figures
Figure 1. APAC Butterfly Needles Market Segmentation
Figure 2. APAC Butterfly Needles Market, by Country
Figure 3. APAC Butterfly Needles Market Overview
Figure 4. APAC Butterfly Needles Market, By Application
Figure 5. APAC Butterfly Needles Market, By Country
Figure 6. APAC: PEST Analysis
Figure 7. Experts’ Opinion
Figure 8. APAC Butterfly Needles Market: Impact Analysis of Drivers and Restraints
Figure 9. APAC Butterfly Needles Market- Revenue Forecast and Analysis
Figure 10. APAC Butterfly Needles Market, by Application 2021 & 2028 (%)
Figure 11. Blood Collection: APAC Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 12. IV Rehydration: APAC Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. Delivery of Medications: APAC Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 14. Venipuncture: APAC Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. Blood Transfusion: APAC Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. APAC Butterfly Needles Market Revenue Share, by End User 2021 & 2028 (%)
Figure 17. Hospitals: APAC Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. Clinics: APAC Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. Blood Banks: APAC Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Others: APAC Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. APAC: Butterfly Needles Market, by Key Country - Revenue (2021) (US$ Thousand)
Figure 22. China: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 23. Japan: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 24. India: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. South Korea: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 26. Australia: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 27. Rest of APAC: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Companies Mentioned
- B. Braun SE
- Becton Dickinson and Co
- Cardinal Health Inc
- ICU Medical Inc
- Medline Industries Inc
- Nipro Corp
- SB-Kawasumi Laboratories Inc
- Terumo Corp
- Vogt Medical Vertrieb GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 122 |
| Published | February 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 39.37 Million |
| Forecasted Market Value ( USD | $ 66.26 Million |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 9 |
