Market Forecast By Type (Conventional, Safety), By Product (Pen, Suture, Blood Collection, Dental, Ophthalmic, Others), By Delivery Mode (Hypodermic, Intravenous, Intramuscular, Others), By Raw Material (Stainless Steel, Glass, Others) And Competitive Landscape
Product Code: ETC376368 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
South Africa Needles market currently, in 2023, has witnessed an HHI of 1188, Which has decreased slightly as compared to the HHI of 1458 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
South Africa Needles Market report thoroughly covers the market by type, by product, by delivery mode and by raw material. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
South Africa Needles Market is dynamic and evolving and is projected to attain steady growth in the coming years driven by an ageing population, increasing prevalence of chronic diseases, and technological advancements in medical procedures.
According to 6Wresearch, the South Africa Needles Market size is expected to grow at a significant CAGR of 6.8% during the forecast period 2025-2031. This growth is propelled by increasing demand for Needles in healthcare and diagnostics. South Africa's healthcare infrastructure is continuously expanding to meet the needs of its growing population. One of the main drivers is the increasing demand for healthcare services in the country. As the population grows and ages, there is a higher need for medical procedures that require needles, such as vaccinations and blood tests. Moreover, advancements in technology have also contributed to the growth of this industry. New needle designs and materials have improved safety and efficiency, making them more appealing to healthcare professionals. Innovations such as ultra-thin needles, safety-engineered devices and needle-free injection systems improve patient experience and reduce the risk of injuries among healthcare workers, driving market growth. These factors will influence the South Africa Needles Market Growth.
Despite the benefits of Needles solutions, there are some challenges in the Needles market. Some of the challenges include low prices, high competition, supply chain disruptions and product quality. There are negotiations for low prices with the needle suppliers, needles are often purchased in bulk which leads to low prices and reduced profit margins and revenue in the market. One of the main challenges is the increasing competition from low-cost countries like China and India. These countries have a lower cost of production, giving them an advantage in terms of pricing. This makes it difficult for local manufacturers to compete and maintain their market share. These challenges highlight the complexity and dynamic nature of the Needles Landscape in South Africa, necessitating proactive strategies to overcome them.
Some of the key players operating in the South Africa Needles market include Becton Dickinson and Company, Terumo Corporation, Medtronic plc, Smiths Medical and Boston Scientific Corporation. These companies are investing heavily in research and development activities and innovating new products to cater to the growing demand for Needless.
Government regulations play a significant role in the South Africa Needles Market. The South African needles industry is subject to strict government regulations and policies. The Department of Health has developed guidelines for the safe use and disposal of medical sharps, including needles, to prevent injuries and infections. These regulations also require manufacturers to adhere to specific standards for the production and distribution of needles. Moreover, there are strict laws in place regarding the importation and exportation of needles, which aim to protect local manufacturers from unfair competition.
The South Africa Needles Market has been experiencing significant growth over the past few years. The demand for needles is expected to grow due to expanding healthcare infrastructure. There would be innovations in needle design and materials which would improve patient comfort, safety, and usability. This may include the development of ultra-thin needles, painless injection technologies, and enhanced safety features to reduce the risk of needlestick injuries among healthcare workers.
According to Dhaval, Research Manager, 6Wresearch, the conventional needles segment currently holds the dominant share in the South African needles market, accounting for a larger portion of the overall market. This can be attributed to their cost-effectiveness and widespread use in various medical procedures.
On the basis of the Delivery Mode, the hypodermic needles segment currently holds the dominant share in the market, owing to its high usage in various medical procedures such as vaccinations and drug administration.
On the basis of Raw Material, the stainless steel needles segment currently holds the dominant share in the South African needles market, owing to its high strength, durability, and resistance to corrosion.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Africa Needles Market Overview |
3.1 South Africa Country Macro Economic Indicators |
3.2 South Africa Needles Market Revenues & Volume, 2021 & 2031F |
3.3 South Africa Needles Market - Industry Life Cycle |
3.4 South Africa Needles Market - Porter's Five Forces |
3.5 South Africa Needles Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 South Africa Needles Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 South Africa Needles Market Revenues & Volume Share, By Delivery Mode, 2021 & 2031F |
3.8 South Africa Needles Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
4 South Africa Needles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Africa Needles Market Trends |
6 South Africa Needles Market Segmentations |
6.1 South Africa Needles Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 South Africa Needles Market Revenues & Volume, By Conventional, 2021-2031F |
6.1.3 South Africa Needles Market Revenues & Volume, By Safety, 2021-2031F |
6.2 South Africa Needles Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 South Africa Needles Market Revenues & Volume, By Pen, 2021-2031F |
6.2.3 South Africa Needles Market Revenues & Volume, By Suture, 2021-2031F |
6.2.4 South Africa Needles Market Revenues & Volume, By Blood Collection, 2021-2031F |
6.2.5 South Africa Needles Market Revenues & Volume, By Dental, 2021-2031F |
6.2.6 South Africa Needles Market Revenues & Volume, By Ophthalmic, 2021-2031F |
6.2.7 South Africa Needles Market Revenues & Volume, By Others, 2021-2031F |
6.3 South Africa Needles Market, By Delivery Mode |
6.3.1 Overview and Analysis |
6.3.2 South Africa Needles Market Revenues & Volume, By Hypodermic, 2021-2031F |
6.3.3 South Africa Needles Market Revenues & Volume, By Intravenous, 2021-2031F |
6.3.4 South Africa Needles Market Revenues & Volume, By Intramuscular, 2021-2031F |
6.3.5 South Africa Needles Market Revenues & Volume, By Others, 2021-2031F |
6.4 South Africa Needles Market, By Raw Material |
6.4.1 Overview and Analysis |
6.4.2 South Africa Needles Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.4.3 South Africa Needles Market Revenues & Volume, By Glass, 2021-2031F |
6.4.4 South Africa Needles Market Revenues & Volume, By Others, 2021-2031F |
7 South Africa Needles Market Import-Export Trade Statistics |
7.1 South Africa Needles Market Export to Major Countries |
7.2 South Africa Needles Market Imports from Major Countries |
8 South Africa Needles Market Key Performance Indicators |
9 South Africa Needles Market - Opportunity Assessment |
9.1 South Africa Needles Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 South Africa Needles Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 South Africa Needles Market Opportunity Assessment, By Delivery Mode, 2021 & 2031F |
9.4 South Africa Needles Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
10 South Africa Needles Market - Competitive Landscape |
10.1 South Africa Needles Market Revenue Share, By Companies, 2024 |
10.2 South Africa Needles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |