Turkey Needle Market By Type (Conventional, Safety), By Product (Pen, Suture, Blood Collection, Dental, Ophthalmic, Others), By Material (Glass Needles, Plastic Needles, Stainless Steel/Metallic Needles, Others), By Application (Diagnostic, Therapeutics), By End User (Hospitals & Clinics, Diagnostic Center, Others), By Region, Competition Forecast & Opportunities, 2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTurkey Needle Market By Type (Conventional, Safety), By Product (Pen, Suture, Blood Collection, Dental, Ophthalmic, Others), By Material (Glass Needles, Plastic Needles, Stainless Steel/Metallic Needles, Others), By Application (Diagnostic, Therapeutics), By End User (Hospitals & Clinics, Diagnostic Center, Others), By Region, Competition Forecast & Opportunities, 2028
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 156.72 million |
| CAGR (2023-2028) | 5.89% |
| Fastest Growing Segment | Hospitals & Clinics |
| Largest Market | Marmara Region |
Turkey Needle Market is expected to grow at an impressive rate during the forecast period 2024-2028. The major factors include rising geriatric population, increasing demand for vaccines to cope up with diseases, and rapid technological advancements in needle drug delivery systems.
Moreover, the recent outburst of new virus and lifestyle diseases has influenced the demand of needle is giving rise to several health issues along with the rising prevalence of diabetes mellitus and is expected to drive the growth of Turkey Needle Market in the forecast years 2024-2028.
according to Turkish Statistical Institute (TurkStat) estimation, in 2021, Turkey's gross domestic product have spent more than USD802.7 billion on research and development, that shows an increase of 42.8%.
Furthermore, the growth of the Turkey needle market can be estimated with the increasing use of needles in syringes as drug delivery device, for majority of the drugs, rising population growth, government initiatives to improve healthcare access, and technological advancements in the healthcare industry. Additionally, the self-administration of drugs is anticipated to add to the growth of the market in the forecast period.
The market is highly competitive, with players focusing on product innovation and strategic partnerships to gain a competitive edge. As the healthcare industry continues to evolve and grow in Turkey, the demand for syringes is expected to continue to increase in the coming years. The Turkey needle market is highly competitive, with both local and international players operating in the market. Some of the major players in the market include B. Braun Melsungen AG, Nipro Medical Corporation, and Terumo Corporation. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their position in the market and leads to the growth of Turkey Needle Market.
Rising Prevalence of Chronic Diseases
. According to the latest WHO data published in 2020, Diabetes Mellitus Deaths in Turkey reached 17,900 or 4.60% of total deaths. The age adjusted Death Rate is 20.07 per 100,000 of population in the world.
For instance, in 2021, Turkey was diagnosed with over 2.9 thousand new HIV cases. Although, according to a report by Positive Living Association, the average HIV incidence cases has been reduced globally, the new incident cases have been increased in Turkey from 0.7 per 100000 population in 2009, to 3.9 per 100000 population in 2019.
Growing Immunization and Vaccination Amongst Public
For instance, According to Ministry of Health figures, as of 17 July 2021, out of 83 million people, 62,941,386 persons had been vaccinated in Turkey.
Rising Demand of Infusion Therapy
Infusion therapy involves the administration of medications intravenously and subcutaneously through needle in syringes. Additionally, it reduces inflammation and treat chronic flare-ups associated with other autoimmune inflammatory conditions or very severe conditions that are not effectively treated through oral medications. Few drugs can’t be taken orally as they loose effectiveness as they get exposed to the digestive system of our body. Infusion therapy involves the administration of medicine, blood, and fluid, directly into the blood, thereby making the treatment fast & efficient. Due to rising chronic disease prevalence and rising infusion therapy demand, Turkey's needle market is expected to develop at a faster rate during the forecasted years. Moreover, recently, companies started using the technique of siliconization, providing a sharp and smooth needle in all syringes for maximum patient comfort & minimum tissue trauma during usage.
Government Initiatives
The Turkish government has also implemented initiatives to improve healthcare access and affordability, which is driving the demand for needles in the country. In recent years, the government has focused on expanding healthcare infrastructure and increasing healthcare spending, which has improved healthcare access for many people in Turkey. This has led to an increase the growth of Turkey Needle Market. According to National Institute of Health, the Turkish healthcare system is financed by taxes (41%), insurance premiums (31%), and out-of-pocket payments (28%), therefore the Turkish government issued green cards to their citizens who cannot pay for health services and resolves their health-related issues by providing healthcare expenditure.
In addition to these factors, technological advancements in the healthcare industry are also driving the Turkey needle market. The development of new and innovative needles along with syringes, such as needle in safety syringes that reduce the risk of needlestick injuries, thereby causes the growth of Turkey Needle Market. Moreover, in 2003, the Ministry of Health in Turkey launched the Health Transformation Program (HTP), a ten-year health reform with the main goal to provide universal health coverage to all, especially the poor, amongst strengthening primary care services and expanding hospital capacity to improve health outcomes. Indeed, the percentage of the Turkish population covered by government health insurance has increased over 28 percent since 2002 and reached 98.5 percent by 2020.
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Market Segmentation
The Turkey Needle Market can be segmented by type, product, material, application, end user, company, and region. By type, the market can be segmented into conventional and safety. By product, the market can be segmented into pen, suture, blood collection, dental, ophthalmic, and others. Based on material, the market can be segmented into glass needles, plastic needles, stainless steel/ metallic needles, and others. Based on application, the market can be segmented into diagnostics and therapeutics. In terms of end user, the market can be segmented into hospitals & clinics, diagnostic centers, and others.
Market Players
Terumo BCT Turkey, Becton, Dickinson, and Company, Matek Medikal, Johnson & Johnson Türkiye, Boston Scientific Türkiye etc. are some of the leading companies operating in the market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends |
| Segments covered | Type Product Material Application End User Region Company |
| Regional scope | Marmara Region, Central Anatolia, Eastern Anatolia Region, South-Eastern Anatolia R0065gion, Aegean Region, Mediterranean Region, Black Sea Region. |
| Key companies profiled | Terumo BCT Turkey, Becton, Dickinson, and Company, Matek Medikal, Johnson & Johnson Türkiye, Boston Scientific Türkiye |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report, Turkey Needle Market has been segmented into following categories, in addition to the industry trends which have also been detailed below
- Turkey Needle Market, By Type
- Conventional
- Safety
- Turkey Needle Market, By Product
- Pen
- Suture
- Blood Collection
- Dental
- Ophthalmic
- Others
- Turkey Needle Market, By Material
- Glass Needles
- Plastic Needles
- Stainless Steel/Metallic Needles
- Others
- Turkey Needle Market, By Application
- Diagnostic
- Therapeutics
- Turkey Needle Market, By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
- Turkey Needle Market, By Region
- Marmara Region
- Central Anatolia
- Eastern Anatolia Region
- South-Eastern Anatolia Region
- Aegean Region
- Mediterranean Region
- Black Sea Region
Competitive Landscape
Company Profiles
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Company Information
Detailed analysis and profiling of additional market players (up to five).
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