What is Global Injection and Puncture Devices Market?
The Global Injection and Puncture Devices Market is a vast and dynamic sector that encompasses a wide range of medical devices used for injecting or puncturing the skin for various medical purposes. These devices are integral to a multitude of medical procedures, from routine vaccinations to complex surgeries. The market includes devices such as infusion sets, syringes, and specialty and nursing devices. Infusion sets are used to deliver medication directly into the patient's bloodstream, while syringes are used for injecting or withdrawing fluids. Specialty devices cater to specific medical needs, and nursing devices are used by healthcare professionals for patient care. The market is driven by the increasing prevalence of chronic diseases, advancements in technology, and the growing demand for minimally invasive procedures. However, it also faces challenges such as stringent regulatory policies and the risk of infections associated with the use of these devices. Despite these challenges, the market shows promising growth potential, thanks to the continuous innovations in the field.
Infusion Set, Syringe, Nursing, Specialty, Others in the Global Injection and Puncture Devices Market:
The Global Injection and Puncture Devices Market finds its applications in various healthcare settings such as hospitals, clinics, and others. In hospitals, these devices are used in various departments like the emergency room, operating room, and patient wards for a variety of procedures ranging from administering medication to performing surgeries. In clinics, they are used for routine procedures like vaccinations, blood tests, and administering insulin for diabetic patients. Other settings include home healthcare, where devices like insulin pens and autoinjectors are used by patients for self-administration of medication. The demand in these settings is driven by factors such as the increasing number of hospitals and clinics, growing patient population, and the rising trend of home healthcare.
Hospital, Clinic, Others in the Global Injection and Puncture Devices Market:
The Global Injection and Puncture Devices Market, as per the recent market outlook, was valued at US$ 20880 million in 2022. It is projected to reach a value of US$ 23200 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 1.8% during the forecast period of 2023-2029. The infusion set segment holds the largest share in the market, accounting for about 40% of the total market. This growth can be attributed to the increasing use of infusion sets in healthcare settings for the administration of medication and other fluids directly into the patient's bloodstream. The market's growth is also driven by the increasing prevalence of chronic diseases, advancements in technology, and the growing demand for minimally invasive procedures. However, the market also faces challenges such as stringent regulatory policies and the risk of infections associated with the use of these devices. Despite these challenges, the market shows promising growth potential, thanks to the continuous innovations in the field.
Global Injection and Puncture Devices Market Outlook:
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| Report Metric | Details |
| Report Name | Injection and Puncture Devices Market |
| Accounted market size in 2023 | US$ 20880 million |
| Forecasted market size in 2029 | US$ 23200 million |
| CAGR | 1.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | BD, Terumo, B. Braun, Cardinal Health, Nipro, ICU Medical, KDL, WEGO, Kangji Medical, Sansin, Jaingxi Hongda, CAINA TECHNOLOGY, DOUBLE-DOVE, SHENG GUANG, QIAO PAI, Berpu, Tonghua Dongbao, PW Medtech, Linhwa, Ande Medical, Jiangsu Zhengkang, Anhui Tiankang, Jiangsu Jichun, Shuguang Jianshi |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
