The high flow needle sets market size has grown strongly in recent years. It will grow from $1.07 billion in 2023 to $1.16 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to healthcare infrastructure development, regulatory compliance, medical procedure evolution, increasing prevalence of chronic diseases and demographic shifts.
The high flow needle sets market size is expected to see strong growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The anticipated expansion during the forecast period is driven by advancements in medical procedures, an increased emphasis on minimally invasive surgery, patient-focused healthcare, technological integration, and improved accessibility to global healthcare. Key trends projected for the forecast period include technological progress, the proliferation of minimally invasive techniques, a transition towards home-based healthcare, a focus on infection prevention, and the integration of digital health solutions.
The increasing prevalence of surgical procedures is anticipated to drive the expansion of the high-flow needle set market in the future. Surgical procedures involve medical interventions conducted by surgeons, employing both manual and instrumental techniques to diagnose, treat, or restore tissues or organs, often with the aim of enhancing a patient's health or bodily function. The escalating number of surgical procedures can be attributed to several factors, including an aging population, advancements in medical technology, the growing incidence of chronic diseases, improved healthcare accessibility, and the broader availability of minimally invasive surgical approaches. High-flow needle sets are integral components of surgical procedures, facilitating the swift delivery of fluids, medications, or blood products directly into the bloodstream, thereby ensuring efficient and effective patient management during surgery. For example, as per a report published by the Aesthetic Society in April 2022, surgical procedures witnessed a 54% rise, with an average of 320 surgical procedures performed by plastic surgeons in 2021. Consequently, the increasing prevalence of surgical procedures is propelling the growth of the high-flow needle set market.
Leading companies in the high flow needle sets market are innovating by introducing portable syringe infusion systems, aiming to enhance patient mobility and simplify usage. These portable syringe infusion systems administer fluids or medications to patients in a controlled manner over an extended period. For example, in October 2021, Koru Medical Systems, a US-based medical device manufacturer, received premarket notification for the FreedomEdge Syringe Infusion System. This portable syringe infusion system is specifically designed for subcutaneous administration and accommodates 20 ml or 30 ml syringes. Engineered to offer precise and controlled dosing, it provides flexibility in dosing schedules while ensuring the safe and effective administration of medications.
In January 2022, ICU Medical, a US-based company focused on infusion therapy and critical care, completed the acquisition of Smiths Medical for an undisclosed sum. This acquisition will aid ICU Medical in expanding its product portfolio by incorporating Smiths Medical's range of products, including infusion pumps, catheters, and other vascular access equipment. Smiths Medical, also based in the US, is a medical device company known for its production of high-flow intravenous administration sets and needles.
Major companies operating in the high flow needle sets market are Cardinal Health Inc., Thermo Fisher Scientific Inc., Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company, Baxter International Inc., Medline Industries Inc., Terumo Corporation, Nipro Corporation, Smiths Group plc., Teleflex Incorporated, B. Braun Medical Inc., ICU Medical Inc., Concordance Healthcare Solutions, Retractable Technologies Inc., Recorders & Medicare Systems P Ltd., Right Way Medical., KORU Medical Systems, TradeMed, Alpha Medicare & Devices Pvt. Ltd, AmDel, George Philips Medical Engineering Pvt. Ltd, Mediwide Sdn Bhd, Norfolk Medical, RMS Medical Products, Wolf-Pak.
North America was the largest region in the high flow needle sets market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high flow needle sets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the high flow needle sets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
High flow needle sets serve as medical instruments employed across a range of medical interventions to deliver fluids or medications at an accelerated flow rate. These needle sets are specifically engineered to facilitate swift administration of fluids, medications, blood components, or contrast agents, rendering them ideal for scenarios necessitating rapid infusion of sizable fluid volumes.
The primary variants of high flow needle sets include 26 gauge and 24 gauge models. 26-gauge high flow needle sets, characterized by their 26-gauge diameter, are utilized for precise and controlled delivery of fluids or medications in clinical settings, ensuring accurate administration for patients requiring meticulous dosing. These sets are available in various capacities, including those with volumes less than 10ml, between 10-100ml, and exceeding 100ml, and are constructed from a range of materials such as stainless steel and polycarbonate. They find application across various end uses, including hospitals, ambulatory surgical centers, diagnostic centers, and other medical facilities.
The high flow needle sets market research report is one of a series of new reports that provides high flow needle sets market statistics, including high flow needle sets industry global market size, regional shares, competitors with a high flow needle sets market share, detailed high flow needle sets market segments, market trends and opportunities, and any further data you may need to thrive in the high flow needle sets industry. This high flow needle sets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The high flow needle sets market consists of sales of extension sets, needles and catherters, injection ports, tubing, filters, and adaptors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The high flow needle sets market size is expected to see strong growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The anticipated expansion during the forecast period is driven by advancements in medical procedures, an increased emphasis on minimally invasive surgery, patient-focused healthcare, technological integration, and improved accessibility to global healthcare. Key trends projected for the forecast period include technological progress, the proliferation of minimally invasive techniques, a transition towards home-based healthcare, a focus on infection prevention, and the integration of digital health solutions.
The increasing prevalence of surgical procedures is anticipated to drive the expansion of the high-flow needle set market in the future. Surgical procedures involve medical interventions conducted by surgeons, employing both manual and instrumental techniques to diagnose, treat, or restore tissues or organs, often with the aim of enhancing a patient's health or bodily function. The escalating number of surgical procedures can be attributed to several factors, including an aging population, advancements in medical technology, the growing incidence of chronic diseases, improved healthcare accessibility, and the broader availability of minimally invasive surgical approaches. High-flow needle sets are integral components of surgical procedures, facilitating the swift delivery of fluids, medications, or blood products directly into the bloodstream, thereby ensuring efficient and effective patient management during surgery. For example, as per a report published by the Aesthetic Society in April 2022, surgical procedures witnessed a 54% rise, with an average of 320 surgical procedures performed by plastic surgeons in 2021. Consequently, the increasing prevalence of surgical procedures is propelling the growth of the high-flow needle set market.
Leading companies in the high flow needle sets market are innovating by introducing portable syringe infusion systems, aiming to enhance patient mobility and simplify usage. These portable syringe infusion systems administer fluids or medications to patients in a controlled manner over an extended period. For example, in October 2021, Koru Medical Systems, a US-based medical device manufacturer, received premarket notification for the FreedomEdge Syringe Infusion System. This portable syringe infusion system is specifically designed for subcutaneous administration and accommodates 20 ml or 30 ml syringes. Engineered to offer precise and controlled dosing, it provides flexibility in dosing schedules while ensuring the safe and effective administration of medications.
In January 2022, ICU Medical, a US-based company focused on infusion therapy and critical care, completed the acquisition of Smiths Medical for an undisclosed sum. This acquisition will aid ICU Medical in expanding its product portfolio by incorporating Smiths Medical's range of products, including infusion pumps, catheters, and other vascular access equipment. Smiths Medical, also based in the US, is a medical device company known for its production of high-flow intravenous administration sets and needles.
Major companies operating in the high flow needle sets market are Cardinal Health Inc., Thermo Fisher Scientific Inc., Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company, Baxter International Inc., Medline Industries Inc., Terumo Corporation, Nipro Corporation, Smiths Group plc., Teleflex Incorporated, B. Braun Medical Inc., ICU Medical Inc., Concordance Healthcare Solutions, Retractable Technologies Inc., Recorders & Medicare Systems P Ltd., Right Way Medical., KORU Medical Systems, TradeMed, Alpha Medicare & Devices Pvt. Ltd, AmDel, George Philips Medical Engineering Pvt. Ltd, Mediwide Sdn Bhd, Norfolk Medical, RMS Medical Products, Wolf-Pak.
North America was the largest region in the high flow needle sets market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high flow needle sets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the high flow needle sets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
High flow needle sets serve as medical instruments employed across a range of medical interventions to deliver fluids or medications at an accelerated flow rate. These needle sets are specifically engineered to facilitate swift administration of fluids, medications, blood components, or contrast agents, rendering them ideal for scenarios necessitating rapid infusion of sizable fluid volumes.
The primary variants of high flow needle sets include 26 gauge and 24 gauge models. 26-gauge high flow needle sets, characterized by their 26-gauge diameter, are utilized for precise and controlled delivery of fluids or medications in clinical settings, ensuring accurate administration for patients requiring meticulous dosing. These sets are available in various capacities, including those with volumes less than 10ml, between 10-100ml, and exceeding 100ml, and are constructed from a range of materials such as stainless steel and polycarbonate. They find application across various end uses, including hospitals, ambulatory surgical centers, diagnostic centers, and other medical facilities.
The high flow needle sets market research report is one of a series of new reports that provides high flow needle sets market statistics, including high flow needle sets industry global market size, regional shares, competitors with a high flow needle sets market share, detailed high flow needle sets market segments, market trends and opportunities, and any further data you may need to thrive in the high flow needle sets industry. This high flow needle sets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The high flow needle sets market consists of sales of extension sets, needles and catherters, injection ports, tubing, filters, and adaptors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. High Flow Needle Sets Market Characteristics3. High Flow Needle Sets Market Trends And Strategies26 Gauge High Flow Needle Sets32. Global High Flow Needle Sets Market Competitive Benchmarking33. Global High Flow Needle Sets Market Competitive Dashboard34. Key Mergers And Acquisitions In The High Flow Needle Sets Market
4. High Flow Needle Sets Market - Macro Economic Scenario
5. Global High Flow Needle Sets Market Size and Growth
6. High Flow Needle Sets Market Segmentation
24 Gauge High Flow Needle Sets
7. High Flow Needle Sets Market Regional And Country Analysis
8. Asia-Pacific High Flow Needle Sets Market
9. China High Flow Needle Sets Market
10. India High Flow Needle Sets Market
11. Japan High Flow Needle Sets Market
12. Australia High Flow Needle Sets Market
13. Indonesia High Flow Needle Sets Market
14. South Korea High Flow Needle Sets Market
15. Western Europe High Flow Needle Sets Market
16. UK High Flow Needle Sets Market
17. Germany High Flow Needle Sets Market
18. France High Flow Needle Sets Market
19. Italy High Flow Needle Sets Market
20. Spain High Flow Needle Sets Market
21. Eastern Europe High Flow Needle Sets Market
22. Russia High Flow Needle Sets Market
23. North America High Flow Needle Sets Market
24. USA High Flow Needle Sets Market
25. Canada High Flow Needle Sets Market
26. South America High Flow Needle Sets Market
27. Brazil High Flow Needle Sets Market
28. Middle East High Flow Needle Sets Market
29. Africa High Flow Needle Sets Market
30. High Flow Needle Sets Market Competitive Landscape And Company Profiles
31. High Flow Needle Sets Market Other Major And Innovative Companies
35. High Flow Needle Sets Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
High Flow Needle Sets Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on high flow needle sets market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for high flow needle sets ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The high flow needle sets market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: 26 Gauge High Flow Needle Sets; 24 Gauge High Flow Needle Sets2) By Volume Or Capacity: High Flow Needle Sets Less-than (<) 10ml; High Flow Needle Sets between 10-100ml; High Flow Needle Sets Greater-than (>) 100ml
3) By Material: Stainless Steel High Flow Needle Sets; Polycarbonate High Flow Needle Sets
4) By End Use: Hospitals; Ambulatory Surgical Centers; Diagnostic Centers; Other End-Users
Key Companies Mentioned: Cardinal Health Inc.; Thermo Fisher Scientific Inc.; Fresenius Medical Care AG & Co. KGaA; Becton Dickinson and Company; Baxter International Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Cardinal Health Inc.
- Thermo Fisher Scientific Inc.
- Fresenius Medical Care AG & Co. KGaA
- Becton Dickinson and Company
- Baxter International Inc.
- Medline Industries Inc.
- Terumo Corporation
- Nipro Corporation
- Smiths Group plc.
- Teleflex Incorporated
- B. Braun Medical Inc.
- ICU Medical Inc.
- Concordance Healthcare Solutions
- Retractable Technologies Inc.
- Recorders & Medicare Systems P Ltd.
- Right Way Medical.
- KORU Medical Systems
- TradeMed
- Alpha Medicare & Devices Pvt. Ltd
- AmDel
- George Philips Medical Engineering Pvt. Ltd
- Mediwide Sdn Bhd
- Norfolk Medical
- RMS Medical Products
- Wolf-Pak
Methodology
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