Butterfly Needles Market 2028 By Application, End Use, and Geography | The Insight Partners

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Butterfly Needles Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Application (Blood Transfusion, Venipuncture, IV Rehydration, and Delivery of Medications); End Use (Hospitals, Blood Banks, and Others), and Geography

Report Code: TIPRE00023931 | No. of Pages: 150 | Category: Medical Device | Status: Upcoming

MARKET OVERVIEW

Butterfly needle is a device utilized to draw blood from an access vein or deliver intravenous (IV) therapy through a vein. These butterfly needles comprise hypodermic needle bilateral flexible wings and a connector attached to a vacuum tube or collection bag to draw blood from an infusion pump. Also, butterfly needles are advantageous to patients with bleeding disorders, such as hemophilia or von Willebrand disease. Phlebotomists regularly use butterfly needles to draw blood samples for complete blood counts (CBC), cholesterol tests, diabetes monitoring, STD screens, and other blood based tests. These needles are also generally used in blood banks for people who are there for blood donation. These needles are much easier to use and are less painful for patients. Thus, it reaches more body surfaces and tolerates more patient movement.

MARKET SCOPE

The "Global Butterfly Needles Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Butterfly needles market with detailed market segmentation by application, end use, and geography. The report provides key statistics on the market status of the leading Butterfly needles market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •  Based on application, the global Butterfly needles market is segmented into blood transfusion, venipuncture, iv rehydration, delivery of medications.
  •  On the basis of end use, the market is segmented into hospitals, blood banks, others.

MARKET DYNAMICS
Drivers:

  •   Rise in the incidences of several chronic diseases.
  •   Rise in the need for managing long term medications and drug infusion.
  •   Increasing investment by government to modernize health care infrastructure.

Restraints:

  •   The lack of product innovations and regulatory standards and guidelines is the major restraining factor for this market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Butterfly needles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Butterfly needles market in these regions.

IMPACT OF COVID-19 ON BUTTERFLY NEEDLES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Further, the increase in the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) induced respiratory failure leading to COVID-19 disease, which has fueled the intensive care units (ICU) globally. Despite that, it has resulted in several risks related to the blood supply. For instance, several cases in which specific viral RNA could be detected in the serum from patients with COVID-19.



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MARKET PLAYERS


The report covers key developments in the Butterfly needles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Butterfly needles market are anticipated to lucrative growth opportunities in the future with the rising demand for Butterfly needles in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Butterfly needles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •  Braun Melsungen AG
  •  Becton, Dickinson and Company
  •  Nipro Corporation
  •  Cardinal Health, Inc
  •  Medline Industries, Inc.
  •  Terumo Corporation
  •  Kawasumi Laboratories, Inc.
  •  ISOMed
  •  BioMatrix S.r.l.
  •  Advin Urology
The Insight Partner's dediButterfly needlesed research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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The List of Companies

1. Braun Melsungen AG
2. Becton, Dickinson and Company
3. Nipro Corporation
4. Cardinal Health, Inc
5. Medline Industries, Inc.
6. Terumo Corporation
7. Kawasumi Laboratories, Inc.
8. ISOMed
9. BioMatrix S.r.l.
10. Advin Urology
11. Medline
12. Vogt Medical
13. Narang Medical
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