MENAT Butterfly Needles Market Developments and Forecast by 2028
MENAT Butterfly Needles Market Forecast to 2028 - Regional Analysis by Application (Blood Collection, Blood Transfusion, Venipuncture, IV Rehydration, and Delivery of Medications) and End User (Hospitals, Clinics, Blood Banks, and Others)
- Status : Published
- Report Code : TIPRE00029784
- Category : Life Sciences
- No. of Pages : 143
- Available Report Formats :
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Algeria, Egypt, Morocco, Qatar, Saudi Arabia, Turkey, United Arab Emirates
Frequently Asked Questions
The MENAT butterfly needles based on the application are segmented into blood collection, blood transfusion, venipuncture, IV rehydration, and delivery of medications. The blood collection segment held the largest share of the market in 2021. However, the IV rehydration segment is anticipated to register the highest CAGR during the forecast period.
The MENAT butterfly needles based on countries are segmented into UAE, Saudi Arabia, South Africa, Algeria, Qatar, Morocco, Egypt, and the Rest of Middle East, North Africa, and Turkey. In 2021, the Saudi Arabia held the largest market share. However, the South Africa is estimated to grow at the fastest CAGR of 8.5% during the forecast period
The butterfly needles majorly consist of the players, such as B. Braun SE, Becton Dickinson and Co, Nipro Corp, Cardinal Health Inc, Medline Industries Inc, Terumo Corp, SB-Kawasumi Laboratories Inc, and ICU Medical Inc among others.
The factors driving the growth of the MENAT Butterfly Needles market is surging prevalence of chronic disease and rising cases of genetic blood disorder
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MENAT Butterfly Needles Market – By Application
1.3.2 MENAT Butterfly Needles Market – By End User
1.3.3 MENAT Butterfly Needles Market – By Countries
2. MENAT Butterfly Needle Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Butterfly Needle Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 MENAT PEST Analysis
4.3 Expert’s Opinion
5. Butterfly Needle Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Prevalence of Chronic Diseases
5.1.2 Rising Cases of Genetic Blood Disorders
5.2 Market Restraints
5.2.1 Risk Associated with Butterfly Needlestick Injuries
5.3 Market Opportunities
5.3.1 Increasing Cancer Research in MENAT Region
5.4 Future Trends
5.4.1 Increasing Organic and Inorganic Strategies by Key Players
5.5 Impact Analysis
6. MENAT Butterfly Needle Market – Analysis
6.1 MEANT Butterfly Needle Market Revenue Forecast and Analysis
6.2 Market Positioning Analysis of Key Players in MENAT Butterfly Needles Market
6.2.1.1 Becton, Dickinson and Co
6.2.1.2 Terumo Corp
7. MEANT Butterfly Needle Market Analysis – by Application
7.1 Overview
7.2 MENAT Butterfly Needles Market, By Application 2021 & 2028 (%)
7.3 Blood Collection
7.3.1 Overview
7.3.2 Blood Collection: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
7.4 Blood transfusion
7.4.1 Overview
7.4.2 Blood transfusion: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
7.5 Venipuncture
7.5.1 Overview
7.5.2 Venipuncture: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
7.6 IV rehydration
7.6.1 Overview
7.6.2 IV rehydration: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
7.7 Delivery of Medications
7.7.1 Overview
7.7.2 Delivery of Medications: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
8. MEANT Butterfly Needle Market Analysis – by End User
8.1 Overview
8.2 MENAT Butterfly Needles Market, By End User (2021 and 2028)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
8.4 Clinics
8.4.1 Overview
8.4.2 Clinics: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
8.5 Blood Banks
8.5.1 Overview
8.5.2 Blood Banks: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
8.6 Others
8.6.1 Overview
8.6.2 Others: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
9. Middle East & Africa: MENAT Butterfly Needle Market
9.1 MENAT: MENAT Butterfly Needle Market
9.1.1 Overview
9.1.2 MENAT: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.3 MENAT: MENAT Butterfly Needle Market, by Application, 2019–2028 (US$ Thousand)
9.1.4 MENAT: MENAT Butterfly Needle Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.1 Saudi Arabia: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.1.1 Overview
9.1.4.1.2 Saudi Arabia Butterfly Needles Market - Manufacturers
9.1.4.1.3 Saudi Arabia Butterfly Needles Market-Distributors/Suppliers
9.1.4.1.4 Saudi Arabia: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.1.5 Saudi Arabia: MENAT Butterfly Needle Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.1.6 Saudi Arabia: MENAT Butterfly Needle Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.2 South Africa: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.2.1 Overview
9.1.4.2.2 South Africa: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.2.3 South Africa: MENAT Butterfly Needle Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.2.4 South Africa: MENAT Butterfly Needle Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.3 UAE: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.3.1 Overview
9.1.4.3.2 UAE: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.3.3 UAE: MENAT Butterfly Needle Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.3.4 UAE: MENAT Butterfly Needle Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.4 Egypt: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.4.1 Overview
9.1.4.4.2 Egypt: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.4.3 Egypt: MENAT Butterfly Needle Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.4.4 Egypt: MENAT Butterfly Needle Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.5 Turkey: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.5.1 Overview
9.1.4.5.2 Turkey: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.5.3 Turkey: MENAT Butterfly Needle Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.5.4 Turkey: MENAT Butterfly Needle Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.6 Algeria: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.6.1 Overview
9.1.4.6.2 Algeria: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.6.3 Algeria: MENAT Butterfly Needle Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.6.4 Algeria: MENAT Butterfly Needle Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.7 Morocco: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.7.1 Overview
9.1.4.7.2 Morocco: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.7.3 Morocco: MENAT Butterfly Needle Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.7.4 Morocco: MENAT Butterfly Needle Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.8 Quatar: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.8.1 Overview
9.1.4.8.2 Quatar: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.8.3 Quatar: MENAT Butterfly Needle Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.8.4 Quatar: MENAT Butterfly Needle Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.9 Rest of Middle East & Africa: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.9.1 Overview
9.1.4.9.2 Rest of Middle East & Africa: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.9.3 Rest of Middle East & Africa: MENAT Butterfly Needle Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.9.4 Rest of Middle East & Africa: MENAT Butterfly Needle Market, by End User, 2019–2028 (US$ Thousand)
10. Impact Of COVID-19 Pandemic on Butterfly Needle Market
10.1 MENAT: Impact Assessment of COVID-19 Pandemic
11. Butterfly Needle Market – Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Butterfly Needle Market (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 B. Braun SE
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Becton Dickinson and Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nipro Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cardinal Health Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Medline Industries Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Terumo Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SB-Kawasumi Laboratories Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ICU Medical Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. MENAT Butterfly Needle Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 2. MENAT Butterfly Needle Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Saudi Arabia Butterfly Needles Market - Manufacturers
Table 4. Saudi Arabia Butterfly Needles Market - Distributors/Suppliers
Table 5. Saudi Arabia Butterfly Needle Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Saudi Arabia Butterfly Needle Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 7. South Africa Butterfly Needle Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 8. South Africa Butterfly Needle Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 9. UAE Butterfly Needle Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 10. UAE Butterfly Needle Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 11. Egypt Butterfly Needle Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 12. Egypt Butterfly Needle Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 13. Turkey Butterfly Needle Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 14. Turkey Butterfly Needle Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 15. Algeria Butterfly Needle Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 16. Algeria Butterfly Needle Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 17. Morocco Butterfly Needle Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 18. Morocco Butterfly Needle Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 19. Quatar Butterfly Needle Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 20. Quatar Butterfly Needle Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 21. Rest of Middle East & Africa Butterfly Needle Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 22. Rest of Middle East & Africa Butterfly Needle Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 23. Organic Developments in the Butterfly Needle Market
Table 24. Inorganic Developments in the Butterfly Needle Market
Table 25. Glossary of Terms
LIST OF FIGURES
Figure 1. Butterfly Needles Market Segmentation
Figure 2. Butterfly Needles Market, By Country
Figure 3. MEANT Butterfly Needle Market Overview
Figure 4. IV Rehydration Held Largest Share of Type Segment in Butterfly Needle Market
Figure 5. MEANT Butterfly Needle Market – Leading Country Markets (US$ Thousand)
Figure 6. MEANT Butterfly Needle Market – Industry Landscape
Figure 7. MENAT: PEST Analysis
Figure 8. Experts’ Opinion
Figure 9. MENAT Butterfly Needle Market: Impact Analysis of Drivers and Restraints
Figure 10. MENAT Butterfly Needles Market – Revenue Forecast and Analysis – 2020- 2028
Figure 11. Market Positioning Analysis of Key Players in MENAT Butterfly Needles Market
Figure 12. MENAT Butterfly Needles Market Revenue Share, By Application 2021 & 2028 (%)
Figure 13. Blood Collection: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
Figure 14. Blood Transfusion: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
Figure 15. Venipuncture: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
Figure 16. IV Rehydration: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
Figure 17. Delivery of Medications: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
Figure 18. MENAT Butterfly Needles Market Revenue Share, By End User (2021 and 2028)
Figure 19. Hospitals: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
Figure 20. Clinics: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
Figure 21. Blood Banks: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
Figure 22. Others: MENAT Butterfly Needles Market – Revenue, and Forecast to 2028 (US$ Thousand)
Figure 23. Middle East & Africa: Butterfly Needle Market, by Key Country – Revenue (2021) (US$ Million)
Figure 24. MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. MENAT: MENAT Butterfly Needle Market, by Country, 2021 & 2028 (%)
Figure 26. Saudi Arabia: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 27. South Africa: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 28. UAE: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 29. Egypt: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 30. Turkey: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 31. Algeria: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 32. Morocco: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 33. Quatar: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 34. Rest of Middle East & Africa: MENAT Butterfly Needle Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 35. Impact of COVID-19 Pandemic in MENAT Country Markets
Figure 36. Growth Strategies in the MENAT Butterfly Needle Market (%)
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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