South America Butterfly Needles Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Application (Blood Collection, IV Rehydration, Delivery of Medications, Venipuncture, and Blood Transfusion) and End User (Hospitals, Clinics, Blood Banks, and Others)
The South America butterfly needles market is expected to grow from US$ 17.14 million in 2022 to US$ 25.92 million by 2028. It is estimated to record a CAGR of 7.1% from 2022 to 2028.
Increasing Cancer Research to Drive South America Butterfly Needles Market
An intravenous (IV) needle is used to administer chemotherapy for cancer treatment. The medicine is administered directly into the bloodstream through a butterfly needle inserted into the upper arm or hand vein. Cancer is a major and increasing health problem, driving efforts of different national governments to address the problem. Cancer research primarily focuses on various opportunities, including studying populations that are at high risk of cancer, developing drugs and vaccines that do not require refrigeration, and establishing biobanks to manage biospecimens. A multi-level approach is required to advance clinical research, involving collaboration between the pharma industry, regulators, government, and healthcare professionals. Thus, increasing number of cancer cases and rising cancer-related research activities across the region are expected to provide lucrative South America butterfly needles market growth opportunities during the forecast period.
Market Overview
The South America butterfly needles market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market in 2022. Autoimmune Diseases (ADs) are a complex and heterogeneous group of diseases characterized by the loss of immunological tolerance to their antigens and consequent tissue destruction by autoantibodies. Although there are ~80 AD types and at least 40 other diseases with an autoimmune basis, many are considered relatively rare. According to the National Library of Medicine 2019, Brazil's prevalence of autoimmune diseases was 673.6 cases per 100,000 inhabitants. The highest prevalence was identified for Hashimoto's thyroiditis (140.6 cases per 100,000), followed by vitiligo (132.4 cases per 100,000) and rheumatoid arthritis (105.9 cases per 100,000). Rheumatoid arthritis is diagnosed between 30 and 60 years, while psoriasis is diagnosed between 15 and 35 years. By sex ratio, females (69%) hold a larger share. The most affected age group was over 60 years (30.5%), with greater predominance in the urban area (81.3%). It is necessary to sample the blood of patients suffering from these diseases. Thus, the growing prevalence of disorders that require blood draws and drug infusion is boosting the South America butterfly needles market.
South America Butterfly Needles Market Revenue and Forecast to 2028 (US$ Million)
South America Butterfly Needles Market Segmentation
The South America butterfly needles market is segmented based on application, end user, and country.
Based on application, the South America butterfly needles market is segmented into blood collection, IV rehydration, delivery of medications, venipuncture, and blood transfusion. The blood collection segment held the largest market share in 2022.
Based on end user, the South America butterfly needles market is segmented into hospitals, clinics, blood banks, and others. The hospitals segment held the largest market share in 2022.
Based on country, the South America butterfly needles market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil dominated the market in 2022.
B. Braun SE, Becton Dickinson and Co, Cardinal Health Inc, ICU Medical Inc, Medline Industries Inc, Nipro Corp, and Terumo Corp are the leading companies operating in the South America butterfly needles market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South America Butterfly Needles Market – by Application
1.3.2 South America Butterfly Needles Market – by End User
1.3.3 South America Butterfly Needles Market – by Country
2. South America Butterfly Needles Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Butterfly Needles Market – Market Landscape
4.1 Overview
4.2 South America PEST Analysis
4.3 Expert’s Opinion
5. South America Butterfly Needles Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Prevalence of Chronic Diseases
5.1.2 Advantages of Butterfly Needles over Straight Needles
5.2 Market Restraints
5.2.1 Risk Associated with Butterfly Needlestick Injuries
5.3 Market Opportunities
5.3.1 Increasing Cancer Research
5.4 Future Trends
5.4.1 Increasing Organic and Inorganic Strategies by Key Players
5.5 Impact Analysis
6. Butterfly Needles Market – South America Analysis
6.1 South America Butterfly Needles Market Revenue Forecast and Analysis
7. South America Butterfly Needles Market Analysis – By Application
7.1 Overview
7.2 South America Butterfly Needles Market, by Application 2021 & 2028 (%)
7.3 Blood Collection
7.3.1 Overview
7.3.2 Blood Collection: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4 IV Rehydration
7.4.1 Overview
7.4.2 IV Rehydration: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
7.5 Delivery of Medications
7.5.1 Overview
7.5.2 Delivery of Medications: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
7.6 Venipuncture
7.6.1 Overview
7.6.2 Venipuncture: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
7.7 Blood Transfusion
7.7.1 Overview
7.7.2 Blood Transfusion: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
8. South America Butterfly Needles Market Analysis – By End User
8.1 Overview
8.2 South America Butterfly Needles Market Revenue Share, by End User 2021 & 2028 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
8.4 Clinics
8.4.1 Overview
8.4.2 Clinics: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
8.5 Blood Banks
8.5.1 Overview
8.5.2 Blood Banks: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
8.6 Others
8.6.1 Overview
8.6.2 Others: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9. South America Butterfly Needles Market – Country Analysis
9.1 Overview
9.1.2 South America: Butterfly Needles Market, by Country, 2021 & 2028 (%)
9.1.2.1 Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.1.1 Overview
9.1.2.1.2 Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.1.3 Brazil: Butterfly Needles Market, by Application, 2019 – 2028 (US$ Thousand)
9.1.2.1.4 Brazil: Butterfly Needles Market, by End User, 2019 – 2028 (US$ Thousand)
9.1.2.2 Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.2.1 Overview
9.1.2.2.2 Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.2.3 Argentina: Butterfly Needles Market, by Application, 2019 – 2028 (US$ Thousand)
9.1.2.2.4 Argentina: Butterfly Needles Market, by End User, 2019 – 2028 (US$ Thousand)
9.1.2.3 Rest of South America: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.3.1 Overview
9.1.2.3.2 Rest of South America: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.3.3 Rest of South America: Butterfly Needles Market, by Application, 2019 – 2028 (US$ Thousand)
9.1.2.3.4 Rest of South America: Butterfly Needles Market, by End User, 2019 – 2028 (US$ Thousand)
10. Industry Landscape
10.1 Overview
10.2 Organic Developments
10.2.1 Overview
10.3 Inorganic Developments
10.3.1 Overview
11. Company Profiles
11.1 B. Braun SE
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Becton Dickinson and Co
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nipro Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Cardinal Health Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Medline Industries Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Terumo Corp
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 ICU Medical Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. South America Butterfly Needles Market, Revenue and Forecast, 2019–2028 (US$ Thousand)
Table 2. Brazil: Butterfly Needles Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Brazil: Butterfly Needles Market, by End User– Revenue and Forecast to 2028 (US$ Thousand)
Table 4. Argentina: Butterfly Needles Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 5. Argentina: Butterfly Needles Market, by End User– Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Rest of South America: Butterfly Needles Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 7. Rest of South America: Butterfly Needles Market, by End User– Revenue and Forecast to 2028 (US$ Thousand)
Table 8. Organic Developments
Table 9. Inorganic Developments
Table 10. Glossary of Terms
LIST OF FIGURES
Figure 1. South America Butterfly Needles Market Segmentation
Figure 2. South America Butterfly Needles Market, by Country
Figure 3. South America Butterfly Needles Market Overview
Figure 4. South America Butterfly Needles Market, By Application
Figure 5. South America Butterfly Needles Market, By Country
Figure 6. South America: PEST Analysis
Figure 7. Experts’ Opinion
Figure 8. South America Butterfly Needles Market: Impact Analysis of Drivers and Restraints
Figure 9. South America Butterfly Needles Market– Revenue Forecast and Analysis
Figure 10. South America Butterfly Needles Market, by Application 2021 & 2028 (%)
Figure 11. Blood Collection: South America Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 12. IV Rehydration: South America Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. Delivery of Medications: South America Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 14. Venipuncture: South America Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. Blood Transfusion: South America Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. South America Butterfly Needles Market Revenue Share, by End User 2021 & 2028 (%)
Figure 17. Hospitals: South America Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. Clinics: South America Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. Blood Banks: South America Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Others: South America Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. South America: Butterfly Needles Market Revenue Overview, by Country, 2021 (US$ Thousand)
Figure 22. South America Butterfly Needles Market, by Country, 2021 & 2028 (%)
Figure 23. Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
Figure 24. Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
Figure 25. Rest of South America: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
- B. Braun SE
- Becton Dickinson and Co
- Cardinal Health Inc
- ICU Medical Inc
- Medline Industries Inc
- Nipro Corp
- Terumo Corp
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America butterfly needles market.
- Highlights key business priorities to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America butterfly needles market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the butterfly needles market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution