What are the Historical Developments and Current Growth Metrics of the High Flow Needle Sets Market?
The high flow needle sets market has seen considerable growth due to a variety of factors.
• The high flow needle sets market has grown steadily in recent years. It will rise from $1.16 billion in 2024 to $1.28 billion in 2025, at a compound annual growth rate (CAGR) of 9.6%.
This growth is attributed to advancements in medical procedures, the rising prevalence of chronic diseases, demographic changes, improvements in healthcare infrastructure, and regulatory compliance.
What is the Forecasted Market Size and CAGR for the High Flow Needle Sets Market?
The high flow needle sets market is expected to maintain its strong growth trajectory in upcoming years.
• The high-flow needle sets market is forecasted to grow to $1.82 billion by 2029, at a CAGR of 9.3%.
Growth is driven by the modernization of medical procedures, the expanding role of minimally invasive surgeries, patient-centric healthcare, technological convergence, and improved healthcare accessibility. Trends include advancements in technology, the expansion of minimally invasive procedures, a shift toward home healthcare, infection control, and digital health solution integration.
What Key Factors and Trends Are Driving The Growth High Flow Needle Sets Market?
The rising number of surgical procedures is expected to contribute to the growth of the high-flow needle set market. Factors such as an aging population, advances in medical technology, and improved access to healthcare are driving the number of surgical procedures. High-flow needle sets are essential for the rapid administration of fluids and medications during surgeries. According to the Aesthetic Society, surgical procedures increased by 54% in 2021, contributing to the growth of the high-flow needle set market.
What Are The Market Segments In The High Flow Needle Sets Market?
The high flow needle sets market covered in this report is segmented –
1) By Product Type: 26 Gauge High Flow Needle Sets, 24 Gauge High Flow Needle Sets
2) By Volume Or Capacity: High Flow Needle Sets Less-than (<) 10ml, High Flow Needle Sets between 10-100ml, High Flow Needle Sets Greater-than (>) 100ml
3) By Material: Stainless Steel High Flow Needle Sets, Polycarbonate High Flow Needle Sets
4) By End Use: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Other End-Users
Subsegments:
1) By 26 Gauge High Flow Needle Sets: Single Use 26 Gauge High Flow Needle Sets, Reusable 26 Gauge High Flow Needle Sets
2) By 24 Gauge High Flow Needle Sets: Single Use 24 Gauge High Flow Needle Sets, Reusable 24 Gauge High Flow Needle Sets
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What New Trends Are Influencing The High Flow Needle Sets Market?
Leading firms in the high flow needle sets market are innovating portable syringe infusion systems to boost patient mobility and simplify usability. These portable systems allow for the controlled, prolonged delivery of fluids or medications to patients. Notably, in August 2024, UK-based medical device manufacturer, Innovative Health Sciences, publicised the growth of its commercialization team following the FDA approval of the Insignis Syringe Infusion System. This non-electric, mobile syringe driver is intended for both intravenous and subcutaneous applications, offering an easily manageable solution with which patients can control their infusion rates. The Insignis system incorporates a selectable rate flow control mechanism, significantly improving patient comfort by addressing common obstacles encountered in infusion therapy, such as discomfort at injection sites.
Who Are the Key Players In The High Flow Needle Sets Market?
Major companies operating in the high flow needle sets market are:
• Cardinal Health Inc.
• Thermo Fisher Scientific Inc.
• Fresenius Medical Care AG & Co. KGaA
• Becton Dickinson and Company
• Baxter International Inc.
• Medline Industries Inc.
• Terumo Corporation
• Nipro Corporation
• Smiths Group plc.
• Teleflex Incorporated
• B. Braun Medical Inc.
• ICU Medical Inc.
• Concordance Healthcare Solutions
• Retractable Technologies Inc.
• Recorders & Medicare Systems P Ltd.
• Right Way Medical.
• KORU Medical Systems
• TradeMed
• Alpha Medicare & Devices Pvt. Ltd.
• AmDel
• George Philips Medical Engineering Pvt. Ltd.
• Mediwide Sdn Bhd
• Norfolk Medical
• RMS Medical Products
• Wolf-Pak
What Are The Regional Insights Into The High Flow Needle Sets Market?
North America was the largest region in the high flow needle sets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high flow needle sets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
