Butterfly Needles Market - Overview and Outlook by Potential Growth By 2032

Butterfly Needles Market Synopsis:

Butterfly Needles Market Size Was Valued at USD 2.16 Billion in 2023, and is Projected to Reach USD 4.57 Billion by 2032, Growing at a CAGR of 8.7% From 2024-2032.

This research will focus on the butterfly needles market which is the portion of the medical devices market that produces and sells butterfly needles; which are specific equipment used in blood drawing procedures. These needles are designed with a wing that provides more control and steadiness when inserted in the patient’s vein; this type of needles is most appropriate where there is tough venous access. Butterfly needles are used widely in both hospital and community-care environments, especially in giving IV therapy to children and patients with small veins. Chronic diseases are Dow increasingly common, and the use of butterfly needles as an efficient and safe method to collect blood increases the demand in health care facilities.

Butterfly needle is a fast-growing market due to factors such as growing prevalence of chronic diseases, an increasing elderly population, and enhancements in technology. New procedure such as Labiaplasty have driven patients to request for small incisions so Butterfly needles are preferred as they offer easy incisions and procedures. In addition, with modern trends focused on patient safety and comfort, new types of butterfly needles with safety guard have been designed to minimise the risk of needle stick injuries. This shift does not only improve the patient satisfaction but also meets the health departments and facilities for the safe standard regulations.

Further, the growth of butterfly needle market is underlined by the rise in diagnostic test across the world. As more laboratories are working today than ever before – especially during the COVID-19 outbreak – there is an increased demand for blood collection devices. To meet this demand, manufacturers are developing and expanding on their product portfolios. The availability of new materials as well as designs intent on enhancing patients’ wellbeing as well as increasing efficiency of the procedures is also influencing the stated market landscape. In conclusion, the butterfly needle market has promising outlook in the future as more and more healthcare organization look for efficient methods for the collection of blood samples.

Butterfly Needles Market Trend Analysis:

Increasing Adoption of Safety-Engineered Devices

• The butterfly needle market is experiencing the shift to safety-engineered butterfly needles. Due increasing concern about needlestick injuries and related risks, safety devices which help to reduce risks are focused now by today’s care providers. Conventional butterfly needles modified into safety-engineered butterfly needles containing elements like retractable needle and safety shield are becoming popular. This change, however, is not solely induced by legal requirements but by the enhanced concern regarding the personnel’s environment conditions in healthcare industries. Since health facilities will strive to meet the existing safety requirements, the need for such sophisticated instruments is expected to increase.
• In addition, many manufacturers have inventing butterfly needles which must be safe and easy to handle as well. Such advances include ergonomic features and easy to operate mechanisms that make the operating experience even better for the health care workers. Its application in these devices including smart tracking systems for proper disposal of needles in specific areas is also making them even more attractive. This trend towards safety-engineered solutions is likely to define the development of butterfly needle market in the years to come and contribute to safer healthcare environment.

Expansion in Emerging Markets

• The butterfly needle market should be invested in to expand the opportunity in emerging markets. Since many years, the healthcare industry is on the verge of growth in Asia-Pacific, Latin America, and Middle East countries, so there is a growing requirement of Butterfly Needles. Increasing incidences of chronic diseases and a growing population also serve to put pressure on better means of blood collection within these areas. Moreover, as more investments are made in the healthcare industry and as patients safety becomes further highlighted, there is an opportunity for the manufacturer to expand the market in these regions.

Butterfly Needles Market Segment Analysis:

Butterfly Needles Market is Segmented on the basis of Needle Length, Guage Size, End User, and Region

By Needle Length, 5mm- 8mm segment is expected to dominate the market during the forecast period

• The butterfly needle market is expected to be dominated by the 5mm-8mm needle length segment during the forecast period because this needle length is suitable both for adults and children, and for patients with small veins. It is preferred due to the balance it offers of causing little patient discomfort while still offering efficient blood collection as compared to this segment. Rising utilization of minimally invasive surgeries in conjunction with the emphasis on the patient-centred approach creates the foundation for the butterfly needles demand within this length. In terms of application, venipuncture procedures are likely to remain a focus of high demand; thus, the 5mm-8mm segment will continue to dominate the market.

By Guage Size, 21G-23G segment expected to held the largest share

• The gauge size of 21G-23G will dominate the butterfly needle market because this smaller gauge accommodates improved flexibility while being efficient in many clinical applications. Needles used in this gauge are preferred because of their adaptability to patients of different ages both adults and paediatric patients and the minimization of the pain when at of blood draw. Especially good for blood sampling and giving injections, this gauge size could be found in almost any hospital or outpatient clinic. Since caregivers insist on the efficiency of butterfly needles and their overall, security in the comfort of the patients, the forecasted demand for 21G-23G butterfly needles will still remain very promising to become a clinician’s favourite.

Butterfly Needles Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• A market trend analysis showed that the butterfly needle market was led by North America, especially in 2023, and accounted for about 40% of the global market. Higher healthcare expenditure and an efficient healthcare sector has provided an environment, which has made the medical device industries such as butterfly needles to thrive. Among others, the United States ranks high in both technological and purchase of safety-engineered devices hence the large shares recorded on the global market. Moreover, the professional presence of key players and the strong regulation of pulling through innovations for medical devices remain a competitive advantage in the market of North America.
• Further, the changing demographic profile, rising emphasis on patient safety along with the escalating prevalence of chronic ailments has therefore continued to drive the demand for butterfly needles in North America. Since more medical facilities turn to more complex technologies for making procedures safer, this market may further expand in this region. For example, the focus on research and development within the regional market and the tendency towards increased popularity of outpatient treatments make North America one of the key segments of butterfly needle market.

Active Key Players in the Butterfly Needles Market

• AccuVein (United States)
• Ambu A/S (Denmark)
• Amsino International (United States)
• Becton, Dickinson and Company (United States)
• Cardinal Health (United States)
• Coagula Medical (United States)
• Greiner Bio-One (Austria)
• Halyard Health (United States)
• Medline Industries (United States)
• Micrel Medical Devices (Greece)
• Nipro Corporation (Japan)
• Smiths Medical (United States)
• Stryker Corporation (United States)
• Terumo Corporation (Japan)
• Vygon (France)
• Other Active Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Butterfly Needles Market by Needle Length
 4.1 Butterfly Needles Market Snapshot and Growth Engine
 4.2 Butterfly Needles Market Overview
 4.3 5mm-8mm
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 5mm-8mm: Geographic Segmentation Analysis
 4.4 9mm-12mm
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 9mm-12mm: Geographic Segmentation Analysis
 4.5 13mm-16mm
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 13mm-16mm: Geographic Segmentation Analysis
 4.6 17mm-20mm
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 17mm-20mm: Geographic Segmentation Analysis
 4.7 Others
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Others: Geographic Segmentation Analysis

Chapter 5: Butterfly Needles Market by Guage Size
 5.1 Butterfly Needles Market Snapshot and Growth Engine
 5.2 Butterfly Needles Market Overview
 5.3 21G-23G
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 21G-23G: Geographic Segmentation Analysis
 5.4 24G-26G
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 24G-26G: Geographic Segmentation Analysis
 5.5 27G-30G
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 27G-30G: Geographic Segmentation Analysis
 5.6 31G-33G
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 31G-33G: Geographic Segmentation Analysis
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Geographic Segmentation Analysis

Chapter 6: Butterfly Needles Market by End User
 6.1 Butterfly Needles Market Snapshot and Growth Engine
 6.2 Butterfly Needles Market Overview
 6.3 Hospitals
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Hospitals: Geographic Segmentation Analysis
 6.4 Blood Bank
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Blood Bank: Geographic Segmentation Analysis
 6.5 Diagnostic Centers
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Diagnostic Centers: Geographic Segmentation Analysis
 6.6 Home Healthcare
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Home Healthcare: Geographic Segmentation Analysis
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Butterfly Needles Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions  
 7.2 ACCUVEIN (UNITED STATES)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 AMBU A/S (DENMARK)
 7.4 AMSINO INTERNATIONAL (UNITED STATES)
 7.5 BECTON
 7.6 DICKINSON AND COMPANY (UNITED STATES)
 7.7 CARDINAL HEALTH (UNITED STATES)
 7.8 COAGULA MEDICAL (UNITED STATES)
 7.9 GREINER BIO-ONE (AUSTRIA)
 7.10 HALYARD HEALTH (UNITED STATES)
 7.11 MEDLINE INDUSTRIES (UNITED STATES)
 7.12 MICREL MEDICAL DEVICES (GREECE)
 7.13 NIPRO CORPORATION (JAPAN)
 7.14 SMITHS MEDICAL (UNITED STATES)
 7.15 STRYKER CORPORATION (UNITED STATES)
 7.16 TERUMO CORPORATION (JAPAN)
 7.17 VYGON (FRANCE)
 7.18 OTHER ACTIVE PLAYERS

Chapter 8: Global Butterfly Needles Market By Region
 8.1 Overview
 8.2. North America Butterfly Needles Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Needle Length
  8.2.4.1 5mm-8mm
  8.2.4.2 9mm-12mm
  8.2.4.3 13mm-16mm
  8.2.4.4 17mm-20mm
  8.2.4.5 Others
  8.2.5 Historic and Forecasted Market Size By Guage Size
  8.2.5.1 21G-23G
  8.2.5.2 24G-26G
  8.2.5.3 27G-30G
  8.2.5.4 31G-33G
  8.2.5.5 Others
  8.2.6 Historic and Forecasted Market Size By End User
  8.2.6.1 Hospitals
  8.2.6.2 Blood Bank
  8.2.6.3 Diagnostic Centers
  8.2.6.4 Home Healthcare
  8.2.6.5 Others
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
 8.3. Eastern Europe Butterfly Needles Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Needle Length
  8.3.4.1 5mm-8mm
  8.3.4.2 9mm-12mm
  8.3.4.3 13mm-16mm
  8.3.4.4 17mm-20mm
  8.3.4.5 Others
  8.3.5 Historic and Forecasted Market Size By Guage Size
  8.3.5.1 21G-23G
  8.3.5.2 24G-26G
  8.3.5.3 27G-30G
  8.3.5.4 31G-33G
  8.3.5.5 Others
  8.3.6 Historic and Forecasted Market Size By End User
  8.3.6.1 Hospitals
  8.3.6.2 Blood Bank
  8.3.6.3 Diagnostic Centers
  8.3.6.4 Home Healthcare
  8.3.6.5 Others
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Russia
  8.3.7.2 Bulgaria
  8.3.7.3 The Czech Republic
  8.3.7.4 Hungary
  8.3.7.5 Poland
  8.3.7.6 Romania
  8.3.7.7 Rest of Eastern Europe
 8.4. Western Europe Butterfly Needles Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Needle Length
  8.4.4.1 5mm-8mm
  8.4.4.2 9mm-12mm
  8.4.4.3 13mm-16mm
  8.4.4.4 17mm-20mm
  8.4.4.5 Others
  8.4.5 Historic and Forecasted Market Size By Guage Size
  8.4.5.1 21G-23G
  8.4.5.2 24G-26G
  8.4.5.3 27G-30G
  8.4.5.4 31G-33G
  8.4.5.5 Others
  8.4.6 Historic and Forecasted Market Size By End User
  8.4.6.1 Hospitals
  8.4.6.2 Blood Bank
  8.4.6.3 Diagnostic Centers
  8.4.6.4 Home Healthcare
  8.4.6.5 Others
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 The Netherlands
  8.4.7.5 Italy
  8.4.7.6 Spain
  8.4.7.7 Rest of Western Europe
 8.5. Asia Pacific Butterfly Needles Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Needle Length
  8.5.4.1 5mm-8mm
  8.5.4.2 9mm-12mm
  8.5.4.3 13mm-16mm
  8.5.4.4 17mm-20mm
  8.5.4.5 Others
  8.5.5 Historic and Forecasted Market Size By Guage Size
  8.5.5.1 21G-23G
  8.5.5.2 24G-26G
  8.5.5.3 27G-30G
  8.5.5.4 31G-33G
  8.5.5.5 Others
  8.5.6 Historic and Forecasted Market Size By End User
  8.5.6.1 Hospitals
  8.5.6.2 Blood Bank
  8.5.6.3 Diagnostic Centers
  8.5.6.4 Home Healthcare
  8.5.6.5 Others
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Butterfly Needles Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Needle Length
  8.6.4.1 5mm-8mm
  8.6.4.2 9mm-12mm
  8.6.4.3 13mm-16mm
  8.6.4.4 17mm-20mm
  8.6.4.5 Others
  8.6.5 Historic and Forecasted Market Size By Guage Size
  8.6.5.1 21G-23G
  8.6.5.2 24G-26G
  8.6.5.3 27G-30G
  8.6.5.4 31G-33G
  8.6.5.5 Others
  8.6.6 Historic and Forecasted Market Size By End User
  8.6.6.1 Hospitals
  8.6.6.2 Blood Bank
  8.6.6.3 Diagnostic Centers
  8.6.6.4 Home Healthcare
  8.6.6.5 Others
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkiye
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
 8.7. South America Butterfly Needles Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Needle Length
  8.7.4.1 5mm-8mm
  8.7.4.2 9mm-12mm
  8.7.4.3 13mm-16mm
  8.7.4.4 17mm-20mm
  8.7.4.5 Others
  8.7.5 Historic and Forecasted Market Size By Guage Size
  8.7.5.1 21G-23G
  8.7.5.2 24G-26G
  8.7.5.3 27G-30G
  8.7.5.4 31G-33G
  8.7.5.5 Others
  8.7.6 Historic and Forecasted Market Size By End User
  8.7.6.1 Hospitals
  8.7.6.2 Blood Bank
  8.7.6.3 Diagnostic Centers
  8.7.6.4 Home Healthcare
  8.7.6.5 Others
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research