Special Purpose Needles Market Size

Special Purpose Needles Market size was over USD 14.2 billion in 2024 and is projected to reach USD 37.7 billion by 2037, growing at around 7.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of special purpose needles is assessed at USD 15.14 billion.

The growth of the market can be attributed to rising incidence of diabetes, cancer, spine disorders, hypertension and infectious diseases throughout the world. According in a report by World Health Organization (WHO), 1.13 billion people suffer from hypertension worldwide. Additionally, in 2019, over 1.5 million deaths were caused by diabetes. Moreover, over 10 million deaths were caused by cancer in 2020. Furthermore, advancement in government regulations for safety needles uses, growing focus on progressive healthcare systems across the globe, and increasing focus on efficiency in pharmaceutical industries are generating high potential for growth and opportunities for the special purpose needles market.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of special purpose needles is assessed at USD 15.14 billion.

Special Purpose Needles Market size was over USD 14.2 billion in 2024 and is projected to reach USD 37.7 billion by 2037, growing at around 7.8% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is poised to dominate majority revenue share by 2037, on account of increasing demand for passive drugs, and requirement of special purpose needles especially for the rising geriatric population across the region.

The major players in the market are Terumo Group, Smiths Medical, Boston Scientific Corporation, Stryker Corporation, Nipro Medical Corporation, Cook Group Incorporated, India Medtronic Private Limited, Cardinal Health, Inc., and SERAG-WIESSNER GmbH & Co. KG.

Special Purpose Needles Market Size