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MENAT Butterfly Needles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Blood Collection, Blood Transfusion, Venipuncture, IV Rehydration, and Delivery of Medications) and End User (Hospitals, Clinics, Blood Banks, and Others)
Market Report I 2022-12-19 I 143 Pages I The Insight Partners
The MENAT butterfly needle market size is projected to reach US$ 14.61 million by 2028 from US$ 8.89 in 2021; it is estimated to grow at a CAGR of 7.5% during 2022-2028. The report highlights the key factors driving the market and prominent players with their developments. Saudi Arabia is expected to account for the largest market share and develop moderately in the Middle East, North Africa, and Turkey market. The market growth is attributed to various factors such as increasing prevalence of chronic disorders and rising incidence of blood disorders in the region. Moreover, increase in product launches and geographical expansion of market players in the region are expected to drive the market. The surge in cancer research and treatment is likely to generate ample opportunities for market growth.
Increasing Cancer Research in MENAT Region
An intravenous (IV) needle is used to administer chemotherapy for cancer treatment. The medicine is administered directly into the bloodstream through a butterfly needle, which is inserted into a vein in the upper arm or hand. According to a research article published in the Journal of the Egyptian Public Health Association in 2022, cancer is one of the leading causes of death in Arab countries, and its incidence is on the rise. The cancer incidence rate in Middle East and North Africa is increasing, like the rest of the world, which has led to a lot of research activities in the region. According to the American Society of Clinical Oncology, in 2021, oncology clinical trials were on the rise in MENA. Yet, the region remained under-represented in the global clinical trial market, despite its promising potential. For instance, MENA has been conducting more oncology clinical trials (phases 1-4) than ever before, from 47 trials in 2015 to 53 trials in 2020. A multi-level approach is required to advance clinical research in the region, involving collaboration between the pharma industry, regulators, government, and healthcare professionals. Thus, increasing number of cancer cases and rising cancer-related research activities in the region are expected to provide lucrative market growth opportunities during the forecast period.
Based on application, the MENAT butterfly needle market is segmented into blood collection, blood transfusion, venipuncture, IV rehydration, and delivery of medications. The blood collection segment held the largest share of the market in 2021. However, the IV rehydration segment is anticipated to register a CAGR of 8.3% in the market during the forecast period. Butterfly needles or winged infusion sets are uniquely designed devices used for blood collection. When the butterfly needle is inserted into a vein, a small amount of blood will enter the first section of the tube. A butterfly needle may be used by phlebotomists when collecting numerous tubes since this method makes changing tubes easier. Butterfly needles are less likely to cause blood breakdown than IV catheters, which is driving their demand for blood collection. They may also offer more advantages to patients with bleeding disorders such as hemophilia or von Willebrand's disease. According to an article published by Arab News, in December 2021, more than 10 blood donations have been donated per 1,000 population each year (more than 1%) in GCC countries. Dubai Blood Donation Centre received more than 53,000 units in 2019, which represents approximately half of all blood collected in the UAE. Dubai Health Authority and Dubai Holdings have partnered to conduct several initiatives throughout the year. Moreover, Terumo Corporation offers Surshield Safety Winged Blood Collection Sets which readily conform to the body with the help of soft, flexible interlocking wings. With a slight angle between the needle and the wings, there is less risk of vessel damage or occlusion, and the coil-resistant tubing reduces recoil.
Based on end user, the MENAT butterfly needle market is segmented into hospitals, clinics, blood banks, and others. The hospitals segment held the largest market share in 2021, and it is anticipated to register the highest CAGR of 8.4% in the market during the forecast period.
A few of the major primary and secondary sources referred to while preparing the report on the butterfly needle market are the Ministry of Investment (Saudi Arabia), africahealthexhibition, and macrotrends, among others.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MENAT Butterfly Needles Market - By Application
1.3.2 MENAT Butterfly Needles Market - By End User
1.3.3 MENAT Butterfly Needles Market - By Countries
2. MENAT Butterfly Needle Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Butterfly Needle Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 MENAT PEST Analysis
4.3 Expert's Opinion
5. Butterfly Needle Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Prevalence of Chronic Diseases
5.1.2 Rising Cases of Genetic Blood Disorders
5.2 Market Restraints
5.2.1 Risk Associated with Butterfly Needlestick Injuries
5.3 Market Opportunities
5.3.1 Increasing Cancer Research in MENAT Region
5.4 Future Trends
5.4.1 Increasing Organic and Inorganic Strategies by Key Players
5.5 Impact Analysis
6. MENAT Butterfly Needle Market - Analysis
6.1 MEANT Butterfly Needle Market Revenue Forecast and Analysis
6.2 Market Positioning Analysis of Key Players in MENAT Butterfly Needles Market
6.2.1.1 Becton, Dickinson and Co
6.2.1.2 Terumo Corp
7. MEANT Butterfly Needle Market Analysis - by Application
7.1 Overview
7.2 MENAT Butterfly Needles Market, By Application 2021 & 2028 (%)
7.3 Blood Collection
7.3.1 Overview
7.3.2 Blood Collection: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
7.4 Blood transfusion
7.4.1 Overview
7.4.2 Blood transfusion: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
7.5 Venipuncture
7.5.1 Overview
7.5.2 Venipuncture: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
7.6 IV rehydration
7.6.1 Overview
7.6.2 IV rehydration: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
7.7 Delivery of Medications
7.7.1 Overview
7.7.2 Delivery of Medications: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
8. MEANT Butterfly Needle Market Analysis - by End User
8.1 Overview
8.2 MENAT Butterfly Needles Market, By End User (2021 and 2028)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
8.4 Clinics
8.4.1 Overview
8.4.2 Clinics: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
8.5 Blood Banks
8.5.1 Overview
8.5.2 Blood Banks: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
8.6 Others
8.6.1 Overview
8.6.2 Others: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
9. Middle East & Africa: MENAT Butterfly Needle Market
9.1 MENAT: MENAT Butterfly Needle Market
9.1.1 Overview
9.1.2 MENAT: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.3 MENAT: MENAT Butterfly Needle Market, by Application, 2019-2028 (US$ Thousand)
9.1.4 MENAT: MENAT Butterfly Needle Market, by End User, 2019-2028 (US$ Thousand)
9.1.4.1 Saudi Arabia: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.1.1 Overview
9.1.4.1.2 Saudi Arabia Butterfly Needles Market - Manufacturers
9.1.4.1.3 Saudi Arabia Butterfly Needles Market-Distributors/Suppliers
9.1.4.1.4 Saudi Arabia: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.1.5 Saudi Arabia: MENAT Butterfly Needle Market, by Application, 2019-2028 (US$ Thousand)
9.1.4.1.6 Saudi Arabia: MENAT Butterfly Needle Market, by End User, 2019-2028 (US$ Thousand)
9.1.4.2 South Africa: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.2.1 Overview
9.1.4.2.2 South Africa: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.2.3 South Africa: MENAT Butterfly Needle Market, by Application, 2019-2028 (US$ Thousand)
9.1.4.2.4 South Africa: MENAT Butterfly Needle Market, by End User, 2019-2028 (US$ Thousand)
9.1.4.3 UAE: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.3.1 Overview
9.1.4.3.2 UAE: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.3.3 UAE: MENAT Butterfly Needle Market, by Application, 2019-2028 (US$ Thousand)
9.1.4.3.4 UAE: MENAT Butterfly Needle Market, by End User, 2019-2028 (US$ Thousand)
9.1.4.4 Egypt: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.4.1 Overview
9.1.4.4.2 Egypt: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.4.3 Egypt: MENAT Butterfly Needle Market, by Application, 2019-2028 (US$ Thousand)
9.1.4.4.4 Egypt: MENAT Butterfly Needle Market, by End User, 2019-2028 (US$ Thousand)
9.1.4.5 Turkey: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.5.1 Overview
9.1.4.5.2 Turkey: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.5.3 Turkey: MENAT Butterfly Needle Market, by Application, 2019-2028 (US$ Thousand)
9.1.4.5.4 Turkey: MENAT Butterfly Needle Market, by End User, 2019-2028 (US$ Thousand)
9.1.4.6 Algeria: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.6.1 Overview
9.1.4.6.2 Algeria: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.6.3 Algeria: MENAT Butterfly Needle Market, by Application, 2019-2028 (US$ Thousand)
9.1.4.6.4 Algeria: MENAT Butterfly Needle Market, by End User, 2019-2028 (US$ Thousand)
9.1.4.7 Morocco: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.7.1 Overview
9.1.4.7.2 Morocco: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.7.3 Morocco: MENAT Butterfly Needle Market, by Application, 2019-2028 (US$ Thousand)
9.1.4.7.4 Morocco: MENAT Butterfly Needle Market, by End User, 2019-2028 (US$ Thousand)
9.1.4.8 Quatar: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.8.1 Overview
9.1.4.8.2 Quatar: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.8.3 Quatar: MENAT Butterfly Needle Market, by Application, 2019-2028 (US$ Thousand)
9.1.4.8.4 Quatar: MENAT Butterfly Needle Market, by End User, 2019-2028 (US$ Thousand)
9.1.4.9 Rest of Middle East & Africa: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.9.1 Overview
9.1.4.9.2 Rest of Middle East & Africa: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.9.3 Rest of Middle East & Africa: MENAT Butterfly Needle Market, by Application, 2019-2028 (US$ Thousand)
9.1.4.9.4 Rest of Middle East & Africa: MENAT Butterfly Needle Market, by End User, 2019-2028 (US$ Thousand)
10. Impact Of COVID-19 Pandemic on Butterfly Needle Market
10.1 MENAT: Impact Assessment of COVID-19 Pandemic
11. Butterfly Needle Market - Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Butterfly Needle Market (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 B. Braun SE
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Becton Dickinson and Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nipro Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cardinal Health Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Medline Industries Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Terumo Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SB-Kawasumi Laboratories Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ICU Medical Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. MENAT Butterfly Needle Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 2. MENAT Butterfly Needle Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Saudi Arabia Butterfly Needles Market - Manufacturers
Table 4. Saudi Arabia Butterfly Needles Market - Distributors/Suppliers
Table 5. Saudi Arabia Butterfly Needle Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Saudi Arabia Butterfly Needle Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 7. South Africa Butterfly Needle Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 8. South Africa Butterfly Needle Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 9. UAE Butterfly Needle Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 10. UAE Butterfly Needle Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 11. Egypt Butterfly Needle Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 12. Egypt Butterfly Needle Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 13. Turkey Butterfly Needle Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 14. Turkey Butterfly Needle Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 15. Algeria Butterfly Needle Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 16. Algeria Butterfly Needle Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 17. Morocco Butterfly Needle Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 18. Morocco Butterfly Needle Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 19. Quatar Butterfly Needle Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 20. Quatar Butterfly Needle Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 21. Rest of Middle East & Africa Butterfly Needle Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 22. Rest of Middle East & Africa Butterfly Needle Market, by End User - Revenue and Forecast to 2028 (US$ Thousand)
Table 23. Organic Developments in the Butterfly Needle Market
Table 24. Inorganic Developments in the Butterfly Needle Market
Table 25. Glossary of Terms
LIST OF FIGURES
Figure 1. Butterfly Needles Market Segmentation
Figure 2. Butterfly Needles Market, By Country
Figure 3. MEANT Butterfly Needle Market Overview
Figure 4. IV Rehydration Held Largest Share of Type Segment in Butterfly Needle Market
Figure 5. MEANT Butterfly Needle Market - Leading Country Markets (US$ Thousand)
Figure 6. MEANT Butterfly Needle Market - Industry Landscape
Figure 7. MENAT: PEST Analysis
Figure 8. Experts' Opinion
Figure 9. MENAT Butterfly Needle Market: Impact Analysis of Drivers and Restraints
Figure 10. MENAT Butterfly Needles Market - Revenue Forecast and Analysis - 2020- 2028
Figure 11. Market Positioning Analysis of Key Players in MENAT Butterfly Needles Market
Figure 12. MENAT Butterfly Needles Market Revenue Share, By Application 2021 & 2028 (%)
Figure 13. Blood Collection: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
Figure 14. Blood Transfusion: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
Figure 15. Venipuncture: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
Figure 16. IV Rehydration: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
Figure 17. Delivery of Medications: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
Figure 18. MENAT Butterfly Needles Market Revenue Share, By End User (2021 and 2028)
Figure 19. Hospitals: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
Figure 20. Clinics: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
Figure 21. Blood Banks: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
Figure 22. Others: MENAT Butterfly Needles Market - Revenue, and Forecast to 2028 (US$ Thousand)
Figure 23. Middle East & Africa: Butterfly Needle Market, by Key Country - Revenue (2021) (US$ Million)
Figure 24. MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. MENAT: MENAT Butterfly Needle Market, by Country, 2021 & 2028 (%)
Figure 26. Saudi Arabia: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 27. South Africa: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 28. UAE: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 29. Egypt: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 30. Turkey: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 31. Algeria: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 32. Morocco: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 33. Quatar: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 34. Rest of Middle East & Africa: MENAT Butterfly Needle Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 35. Impact of COVID-19 Pandemic in MENAT Country Markets
Figure 36. Growth Strategies in the MENAT Butterfly Needle Market (%)
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