Turkey Needle Market is Expected to be Dominated by Grafts & Matrices Type Segment Through 2028
Rising prevalence of chronic infectious diseases along with
growing immunization among the public is driving the growth of Turkey Needles
Market in the forecast years 2024-2028
According to TechSci
Research report, “Turkey Needle Market - By Region, Forecast and Opportunities, 2018-2028F”, the Turkey Needle Market is expected to grow with an impressive CAGR
during the forecast period 2024-2028. The increase in incidence of chronic
diseases, rising geriatric population, increasing demand for vaccines to cope
up with diseases, rapid technological advancement in needle drug delivery
systems. Additionally, the growing awareness amongst the key market players including
manufacturers who are involved in new product launches, acquisitions,
expansions, and strategic collaborations, and recent developments etc. shows
the growth of Turkey needle market.
Needles are the
injectable devices that are used with syringes to provide medications to the
body. Additionally, they are also used to collect the samples and inject
various pharmaceutical drugs into the body and are adjusted in the syringes.
However, the increase in the sedentary lifestyle
and advancement in technology improves the treatment of serious problems like diabetes
mellitus which enhanced the growth of the market in the
forecast period.
Moreover, the high cost
of production is one of the significant restraining factors for the Turkey
needle market. The production of needles requires a significant number of
resources, including raw materials, equipment, and skilled labor. Companies
operating in the market must invest heavily in these resources, and the high
cost of production can make it difficult for smaller companies to compete with
larger players in the market. Another factor that could restrain the growth of
the Turkey needle market is the availability of alternative products. While
syringes are a vital component of the healthcare industry, there are
alternative products available, such as oral medications and inhalers. The
availability of these products could reduce the demand for syringes in the
future.
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The Turkey Needle
Market can be segmented by type, product, material, application, end user, company,
and region.
Based on type,
the market can be segmented into conventional and safety. The conventional segment
is expected to show an impressive growth in the forecast period due to its
reliability and safety mechanism.
Based on
material, the market can be segmented into glass needles, plastic needles, stainless
steel/metallic needles, and others. The glass needles segment is expected to
show an impressive growth as glass syringes have a high gas barrier, which is
good for oxygen-sensitive applications.
Based on the end user, the
market can be classified into hospitals & clinics, diagnostic center, and others.
The hospital segment dominated the market for Turkey needle market in 2021 due
to rising incidence of diabetes and rising geriatric population.
Major companies operating in Turkey
Needle Market include:
- Terumo BCT Turkey
- Becton, Dickinson, and
Company
- Matek Medikal
- Johnson & Johnson
Türkiye
- Boston Scientific
Türkiye
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“Turkey Needle Market is expected to witness significant
growth during the forecast period on account of increase in the number of infectious
diseases. An increase in growing awareness for chronic diseases further
supports the demand for Needle Market in Turkey. Additionally, increase in the emergence
of players helps in growing Turkey needle market, and is further expected to
create lucrative opportunities for the market growth in the next few years”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Turkey Needle
Market, By Type (Conventional, Safety), By Product (Pen, Suture, Blood
Collection, Dental, Ophthalmic, Others), By Material (Glass Needles, Plastic
Needles, Stainless Steel/Metallic Needles, Others), By Application (Diagnostic,
Therapeutics), By End User (Hospitals & Clinics, Diagnostic Center,
Others), By Region, Competition
Forecast & Opportunities, 2028.”, has evaluated the future
growth potential of Turkey Needle Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Turkey Needle Market.
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