Butterfly Needle Sets Market Portrays High-End Demand across Major Geographies & to Hit $ 320.02 million by 2027

Butterfly Needle Sets Market

Butterfly Needle Sets

The demands of the butterfly needles set market is high, owing to the rise in the prevalence of chronic diseases.

Butterfly Needle Sets Market by Application (Blood Transfusion, Venipuncture, IV Rehydration, and Delivery of Medications) and End User (Hospitals, Blood Banks, and Others)”

— Allied Market Research

NE WIN SIVERS DRIVE, PROVINCE: – PORTLAND, UNITED STATES, October 14, 2021 /EINPresswire.com/ — According to the report by Allied Market Research, titled, "Butterfly Needle Sets Market by Application (Blood Transfusion, Venipuncture, IV Rehydration, and Delivery of Medications) and End User (Hospitals, Blood Banks, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

A butterfly needle is a device used to draw blood from an access vein or deliver intravenous (IV) therapy through a vein. It comprises of front to rear to a hypodermic needle with two bilateral flexible wings for flexible small-bore transparent tubing and lastly a connector. These needles are much easier to use and are much less painful for patients. Thus, it reaches more body surface and tolerates more patient movement of the patients. Further, phlebotomists regularly use butterfly needles to obtain blood samples for complete blood counts (CBC), cholesterol tests, diabetes monitoring, STD screens, and other blood-based tests. These needles are also commonly used at blood banks for people wanting to donate blood. As these needles are much easier to use and are much less painful for patients. Thus, it reaches more body surface and tolerates more patient movement of the patients.

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Comprehensive competitive analysis and profiles of major market players, such as

BRAUN MELSUNGEN AG
BECTON, DICKINSON AND COMPANY
NIPRO CORPORATION (NIPRO MEDICAL CORPORATION)
CARDINAL HEALTH INC.
MEDLINE INDUSTRIES, INC.
TERUMO CORPORATION (TERUMO MEDICAL CORPORATION)
KAWASUMI LABORATORIES, INC. (KAWASUMI LABORATORIES AMERICA, INC.)
ISOMED
BIOMATRIX S.R.L.
SMITH’S GROUP PLC

Key Findings Of The Study

The blood transfusion segment is projected to grow at a significant CAGR of 8.60% during the forecast period.

The butterfly needles set market in North America is projected to reach $92.17 million by 2027, registering a CAGR of 7.70% from 2020 to 2027.

The Asia-Pacific region is the fastest-growing region during the forecast period with a CAGR of 8.80% during the forecast period.

The hospital segment accounted for the largest share in the market, accounting for a market share of $96.79 million in 2019.

A blood bank is a highest growing segment with a CAGR of 9.1% during the forecast period.

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Table of Content

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary Research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.key findings of the study:
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Key findings

3.1.1.Top investment pockets

3.2.Porter’s five forces analysis
3.3.Market definition and scope

3.3.1.Impact Analysis
3.3.2.Drivers

3.3.2.1.Rise in prevalence of chronic diseases globally
3.3.2.2.Precise and easy use of butterfly needles set
3.3.2.3.Need for managing long term medication and drug infusion

3.3.3.Restraints

3.3.3.1.Lack of product innovation
3.3.3.2.Regulatory standards

3.3.4.Opportunities

3.3.4.1.Safety and convenience associated with butterfly needles

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FREQUENTLY ASKED QUESTIONS?

Q1. What is the total market value of Butterfly Needle Sets market report ?
Q2. What would be forecast period in the market report?
Q3. What is the market value of Butterfly Needle Sets market in 2027?
Q4. Which is base year calculated in the Butterfly Needle Sets market report?
Q5. Which are the top companies hold the market share in Butterfly Needle Sets market?
Q6. Which is the most influencing segment growing in the Butterfly Needle Sets market report?
Q7. What are the key trends in the Butterfly Needle Sets market report?
Q8. What are the market values/growth % of emerging countries?
Q9. What is Butterfly Needle Sets?
Q10. What are Butterfly Needle Sets used for

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“We have also published few syndicated market studies in a similar area that might be of your interest. Below is the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of a pandemic on short-term and long-term growth trends of this market.”

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Source: EIN Presswire