The global butterfly needle blood collection set market was $166.60 million in 2019, and is expected to reach $320.02 million by 2027, registering a CAGR 8.20% from 2020 to 2027.
A butterfly needle is a device used to provide access to superficial vein for drawing blood or for an IV injection. These needles are much easier to use and is less painful due to winged tubing structure that allows greater flexibility. In addition, butterfly needles, also known as a winged infusion set or a scalp vein set, are commonly used for babies, young children, and elderly to draw blood or to administer medication. The needles are short and straight with plastic wings attached for phlebotomists to hold during insertion and ease operation. In addition, winged-infusion blood collection needles are ideal for individuals with small or fragile veins. Further, the common butterfly needles, which are frequently used ranges from gauges, with 21 and 23 gauge (G) and the smallest gauge i.e., 25-27G, are being used primarily for pediatric patients.
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Key Players:
- Braun Melsungen AG
- Becton
- Dickinson and Company
- Nipro Corporation
- Cardinal Health
- Medline Industries
- Terumo Corporation
- Kawasumi Laboratories
- ISOMed
- BioMatrix S.r.l.
Key Market Segments
– By application
o Blood transfusion
o Venipuncture
o IV rehydration
o Delivery of medications
– By end user
o Hospitals
o Blood banks
o Others
The major factors that drive the market growth are rise in prevalence of chronic diseases globally such as cancer, intravenous therapy, cardiovascular diseases, and bleeding disorders. In addition, increase in prevalence of chronic diseases and need for managing long term medications and drug infusions are some of the other factors that boost the growth of the market. However, lack of product innovations and regulatory standards on butterfly needle usage and phlebotomists blood collection hamper the market growth. Moreover, safety and convenience provided by the needles d treatment associated with butterfly needle offer opportunities for the market growth during the forecast period.
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Key question and answered in the report include:
- What will the market size and the growth rate be in 2027?
- What are the key factors driving the Butterfly Needle Sets Market?
- What are the key market trends impacting the growth of the Butterfly Needle Sets Market?
- What are the challenges to market growth?
- Who are the key North vendors in the Butterfly Needle Sets Market?
- What are the market opportunities and threats faced by the vendors in the Butterfly Needle Sets Market?
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