High Flow Needle Sets Market (By Volume: Less Than 10 ml, 10-100ml; By Material: Stainless Steel, Polycarbonate; By Type; By End-use) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

The global high flow needle sets market size was estimated at around USD 1.05 billion in 2023 and it is projected to hit around USD 1.95 billion by 2033, growing at a CAGR of 6.38% from 2024 to 2033. The high flow needle sets market is a dynamic and pivotal sector within the broader landscape of medical devices. These sets, characterized by their capacity for rapid and efficient fluid transfer, play a crucial role in various healthcare applications. This overview aims to provide a comprehensive understanding of the key facets shaping the high flow needle sets market.

Key Pointers

• North America dominated the market with the largest market share of 44% in 2023.
• The Asia Pacific region is predicted to grow at the fastest CAGR from 2024 to 2033.
• By Volume, the 10-100ml segment held the largest revenue share of 50% in 2023.
• By Type, the 24-gauge needle sets segment contributed more than 49% of market share in 2023.
• By Material, the stainless-steel segment generated the maximum market share of 72% in 2023.
• By End-use, the hospitals segment captured the maximum market share of 44% in 2023.

High Flow Needle Sets Market Growth 

The growth of the high flow needle sets market is propelled by several key factors. Firstly, technological advancements in medical devices have paved the way for the development of high flow needle sets with enhanced precision and efficiency in fluid transfer. This increased technological sophistication meets the rising demand for advanced healthcare solutions. Secondly, the prevalence of chronic diseases has surged, necessitating precise and rapid fluid delivery systems in various medical procedures. As a result, the expanding scope of medical interventions further fuels the demand for high flow needle sets. Thirdly, the market benefits from a continuous focus on innovation by manufacturers, who strive to improve features such as ergonomic design and safety measures. This commitment to innovation not only addresses the evolving needs of healthcare professionals but also drives the overall market growth. In essence, the convergence of technological progress, the growing burden of chronic diseases, and a commitment to innovation collectively contribute to the sustained expansion of the high flow needle sets market.

Report Scope of the High Flow Needle Sets Market

High Flow Needle Sets Market Dynamics

Drivers

• Rising Healthcare Demands: The increasing demand for healthcare services, coupled with the need for more sophisticated medical procedures, has heightened the requirement for precise and rapid fluid delivery systems. High flow needle sets play a pivotal role in meeting these demands, contributing to their growing adoption in various healthcare applications.
• Prevalence of Chronic Diseases: The surge in chronic diseases globally has significantly expanded the scope of medical interventions. High flow needle sets find increased utilization in the treatment and management of these conditions, addressing the critical need for efficient fluid transfer during therapeutic procedures.

Restraints

• Concerns about Safety: Safety concerns related to needlestick injuries and infection control may act as a restraint in the high flow needle sets market. Healthcare providers and institutions may hesitate to adopt these sets if they perceive any elevated risk of injury or infection associated with their use.
• Alternative Technologies: The availability of alternative technologies for fluid delivery, such as traditional needles or other advanced devices, may pose a restraint to the growth of the high flow needle sets market. Competition from existing, well-established solutions could slow the adoption of high flow needle sets in certain medical settings.

Opportunities

• Advancements in Miniaturization Technology: Ongoing advancements in miniaturization technology present a significant opportunity in the high flow needle sets market. The development of smaller, yet highly efficient, needle sets could open doors to new applications and expand the market reach, particularly in procedures where space constraints are a consideration.
• Growing Geriatric Population: The global increase in the aging population brings forth opportunities for high flow needle sets in addressing the specific healthcare needs of elderly individuals. The prevalence of chronic conditions among the elderly, coupled with the necessity for precise and efficient fluid delivery, positions high flow needle sets as essential components in geriatric care.

Volume Insights

The 10-100ml segment held the largest revenue share of 50% in 2023. High-flow needle sets with a volume capacity of 10-100ml are suitable for various applications including drug delivery, blood transfusions, and parenteral nutrition, thereby creating higher demand. This versatility caters to the diverse needs of healthcare facilities and practitioners, contributing to the segment's dominant market share.

The less than 10ml segment held a significant market share in 2023. The less than 10ml needles are majorly used for smaller volume injections, such as insulin injections. Novel needle designs are making it possible to administer smaller volumes of medication more quickly and comfortably, thereby surging its preference. Rising awareness regarding the benefits of self-injection is anticipated to drive the demand for less than 10ml needles for home healthcare use.

Type Insights

The 24-gauge needle sets segment contributed the largest market share of 49% in 2023. The 24-gauge needles are the smallest gauge needles that are typically used for subcutaneous injections. This makes them ideal for patients who are sensitive to needle pain or who have small veins. The 24-gauge needles are also able to deliver drugs more quickly than larger gauge needles. This is because they have a smaller internal diameter, which minimizes the resistance to fluid flow. Furthermore, 24-gauge needles are also becoming more popular for home healthcare use, as they are relatively easy to use and can be used to administer a variety of medications, including insulin, antibiotics, and pain relievers.

The others segment is anticipated to have lucrative growth during its forecast period. The others segment includes 32-gauge and 16-gauge. The high demand for these high-flow needle sets can be attributed to their versatility in various medical procedures, offering healthcare professionals greater flexibility and precision. These are the most common gauge needles used for intravenous injections. This is because they are large enough to accommodate a variety of fluids, including blood, saline, and medications.

Material Insights

The stainless-steel segment captured the maximum market share of 72% in 2023. This can be attributed to stainless steel being a popular material choice for needles, known for its biocompatibility and resistance to corrosion and staining. High-flow needle sets made of stainless steel are designed for subcutaneous flow rates and come in various lengths and gauges to suit diverse medical needs.

The stainless steel segment is anticipated to register the fastest CAGR during the forecast period owing to its exceptional properties, making it suitable for various medical procedures. For instance, stainless-steel high-flow needle sets are commonly used in insulin administration, chemotherapy, and other procedures requiring a high flow rate. Thus, the above-mentioned factors are estimated to positively contribute to the segment growth.

End-use Insights

The hospitals segment registered the maximum market share of 44% in 2023. This can be attributed to the rising number of surgical procedures being performed in hospitals. Hospitals rely majorly on high-flow needle sets to deliver a variety of fluids and medications to patients. Hospitals are performing minimally invasive surgical procedures, such as laparoscopy and angioplasty. These procedures require the use of high-flow needle sets to deliver fluids and medications to the surgical site. Hence, rising usage of high flow needle sets in hospital settings is anticipated to foster market growth.

The diagnostic centers segment is anticipated to witness significant growth over the forecast period as these centers provide a broad range of medical tests, imaging services, and diagnostic treatments. With a growing demand for early disease detection, prevention, and wellness check-ups, the demand for diagnostic services has been steadily increasing. High-flow needle sets are essential in various diagnostic procedures, such as blood tests and biopsies. In addition, the expansion of diagnostic centers and the introduction of advanced medical technologies will further fuel the demand for high flow needle sets.

Regional Insights

North America dominated the market with the largest market share of 44% in 2023. This can be attributed to its well-developed healthcare infrastructure, rising  incidence of chronic disease, and continuous innovation in needle design. A recent report from the National Association of Chronic Disease Directory in 2022 underscores the extreme impact, revealing that approximately 60% of American adults suffer from one or more chronic diseases. The main causes of death in the U.S. are chronic diseases such as diabetes, cancer, and cardiovascular diseases.

The Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period. The regional growth is attributed to the increasing investments in healthcare infrastructure and medical services. The region is also becoming a prominent destination for medical tourism, with the government and private sector requiring significant resources to align service quality with Western standards. In addition, the rising number of patients dealing with chronic disease is fueling the demand for high-flow needles in the region, reflecting the evolving healthcare landscape in the Asia Pacific.

High Flow Needle Sets Market Key Companies

• AmDel
• B. Braun Medical Inc
• Concordance Healthcare Solutions
• KORU Medical Systems
• Medline Industries, Inc.
• Norfolk Medical
• Integrated Medical System (IMS)
• Thermo Fisher Scientific
• MEDIWIDE SDN BHD
• Jordan Medical
• McKesson Corporation
• AngioDynamics, Inc.

High Flow Needle Sets Market Report Segmentations:

By Volume

• Less than 10ml
• 10-100ml
• More than 100ml

By Type

• 26 Gauge High Flow Needle Sets
• 24 Gauge High Flow Needle Sets
• Others

By Material

• Stainless Steel
• Polycarbonate

By End-use

• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Centers
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa