Global Butterfly Needle Sets Market Overview:
The butterfly needle sets market is expected to grow in the future due to the rise in the prevalence of chronic diseases globally such as cancer, intravenous therapy, cardiovascular diseases, and bleeding disorders. A butterfly needle is a device used to provide access to a superficial vein for drawing blood or for an IV injection. These needles are much easier to use and are less painful due to the winged tubing structure that allows greater flexibility. In addition, the need for managing long term medications and drug infusions are some of the other factors that boost the growth of the market.
- Rising Prevalence of Chronic Diseases Globally such as Cancer, Intravenous Therapy, Cardiovascular Diseases, and Bleeding Disorders
- Increasing Need for Managing Long Term Medications and Drug Infusions
- Increasing Number of Surgeries Worldwide
- Lack of Product Innovations
- Fluctuations in the Raw Material Prices
- High Demand for Butterfly Needle due to the Safety and Convenience Provided by the Needles
- Governments doing Investments to Modernize Health Care Infrastructure in Developing Countries
- Required Regulatory Standards and Guidelines
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new medical devices, which is likely to encourage the growth of the global market throughout the forecast period
Some of the key players profiled in the report are Becton, Dickinson and Company (United States), B. Braun Melsungen (Germany), Terumo Medical Corporation (United States), Nipro Europe Group Companies (Japan), Kawasumi Laboratories, Inc (Japan), Cardinal Health (United States), Medline Industries, Inc. (United States), ISOMed (United States) and BioMatrix S.r.l. (Italy). Analyst at AMA Research see United States Players to retain maximum share of Global Butterfly Needle Sets market by 2026. Considering Market by Needle Gauges, the sub-segment i.e. 21G Butterfly Needles will boost the Butterfly Needle Sets market. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Butterfly Needle Sets market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Butterfly Needle Sets market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Butterfly Needle Sets market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Butterfly Needle Sets Manufacturers, Suppliers of Butterfly Needle Sets, Wholesalers, Distributors, and Retailers of Butterfly Needle Sets, End-User Industry, Potential Investors, Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.