The global demand for Butterfly Needles Market is presumed to reach the market size of nearly USD 6.19 MN by 2028 from USD 3.04 MN in 2021 with a CAGR of 9.3% under the study period 2022 - 2028.
Butterfly needles are a type of needle used for intravenous (IV) injections or blood draws. They are called butterfly needles because of their winged design, which allows for easy handling and increased stability during use. The wings on the needle provide a convenient grip for the healthcare professional to hold the needle in place while inserting it into the patient's vein. It is also known as winged infusion needles or scalp vein needles. These needles are especially useful for patients who have difficulty locating veins or patients with small veins, as the smaller size of the butterfly needle makes it easier to locate and access the vein. They are considered safe and effective and are widely used in the medical field.
The growing prevalence of chronic conditions, including cardiovascular disease, cancer, and bleeding disorders, is expected to boost the market for butterfly needles in the forecast period. The increasing number of older individuals with chronic illnesses and the availability of advanced healthcare systems are likely to drive market growth. Moreover, the enhanced safety and ease of use provided by butterfly needles and the treatments associated with them are expected to drive market growth compared to alternative products. Furthermore, the need to administer long-term medications and infusions will likely contribute to market growth. However, a lack of awareness about the benefits of these needles may limit the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of butterfly needles. The growth and trends of butterfly needles industry provide a holistic approach to this study.
This section of the butterfly needles market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By End User
- Blood Collection
- Blood Transfusion
- IV Rehydration
- Delivery Of Medications
- Blood Banks
This section covers the regional outlook, which accentuates current and future demand for the Butterfly Needles market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Butterfly Needles Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the butterfly needles market include Braun Melsungen AG, Becton, Dickinson And Company, Nipro Corporation, Cardinal Health, Inc, Medline Industries, Inc., Terumo Corporation, Kawasumi Laboratories, Inc, IUC Medical, ISO-MED Inc, Vogt Medical Vertrieb Gmbh. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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