The Global Butterfly Needle Sets Market was $166.60 million in 2020, and is expected to reach $320.02 million by 2028, registering a CAGR 8% from 2022 to 2028.
A butterfly needle set is a device used to draw blood from an access vein or to give intravenous (IV) therapy through a vein. The needle consists of flexible wings on either side of the hypodermic needle and a connector attached to a vacuum tube or collection bag to draw blood from the infusion pump. Butterfly needles are also beneficial to patients with bleeding disorders such as hemophilia or von Willebrand’s disease. For example, in the United States, 17,757 people were diagnosed with hemophilia in 2018. Hematologists also regularly use a butterfly needle to obtain blood samples for a complete blood count (CBC), cholesterol tests, diabetes monitoring, sexually transmitted diseases, and other blood-based tests. . These needles are also commonly used in blood banks for people there to donate blood. These needles are much easier to use and less painful to the patient. So it reaches more body surface and allows more patient movement.
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Market Segments
By Application
- Venipuncture
- IV Hydration
- Medication Delivery
- Blood Transfusion
By End-user
- Hospitals & Specialty Clinics
- Blood Banks
- Others
Key Players
- 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
Scope of the Report
The research study analyzes the global Butterfly Needle Sets industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Butterfly Needle Sets Market Report
1. What was the Butterfly Needle Sets Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Butterfly Needle Sets Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Butterfly Needle Sets Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Butterfly Needle Sets market.
- The market share of the global Butterfly Needle Sets market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Butterfly Needle Sets market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Butterfly Needle Sets market.
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