Needles, Catheters, Cannulae Market

The global market for needles, catheters, and cannulae is projected to see a steady increase in consumption and value over the next eight years. Market performance is forecasted to expand with an anticipated CAGR of +2.0% in volume and +4.0% in value from 2022 to 2030. The United States, China, and India are the top consumers of these medical products, with the United States leading in both volume and value terms. Production and imports also saw growth trends, with China leading in production volume and the United States in import value. Exports were dominated by China and Malaysia, with catheters and cannulae being the most exported type. Overall, the market is expected to continue growing in the near future.

Market Forecast

Driven by increasing demand for needles, catheters, cannulae worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 196B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.0% for the period from 2022 to 2030, which is projected to bring the market value to $75.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Needles, Catheters, Cannulae

In 2022, the amount of needles, catheters, cannulae consumed worldwide reached 167B units, with an increase of 13% compared with 2021 figures. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.9% against 2012 indices. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.

The global needles, catheters, cannulae market revenue soared to $55B in 2022, surging by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.1% against 2012 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (37B units), China (30B units) and India (21B units), with a combined 53% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the United States (with a CAGR of +20.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($20.9B) led the market, alone. The second position in the ranking was held by India ($5.2B). It was followed by China.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +17.0%. In the other countries, the average annual rates were as follows: India (+9.3% per year) and China (+7.1% per year).

The countries with the highest levels of needles, catheters, cannulae per capita consumption in 2022 were the United States (110 units per person), Canada (76 units per person) and the UK (64 units per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the United States (with a CAGR of +20.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Needles, Catheters, Cannulae

In 2022, global production of needles, catheters, cannulae expanded modestly to 150B units, growing by 3.2% compared with the year before. The total output volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 8.4% against the previous year. Over the period under review, global production attained the peak volume in 2022 and is expected to retain growth in the near future.

In value terms, needles, catheters, cannulae production reduced to $47B in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Global production peaked at $49.6B in 2021, and then reduced in the following year.

Production By Country

The country with the largest volume of needles, catheters, cannulae production was China (50B units), accounting for 34% of total volume. Moreover, needles, catheters, cannulae production in China exceeded the figures recorded by the second-largest producer, India (21B units), twofold. The third position in this ranking was held by Malaysia (8.7B units), with a 5.8% share.

In China, needles, catheters, cannulae production increased at an average annual rate of +3.3% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+4.7% per year) and Malaysia (+6.8% per year).

Imports

World Imports of Needles, Catheters, Cannulae

In 2022, the amount of needles, catheters, cannulae imported worldwide surged to 114B units, jumping by 38% against the previous year. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +112.2% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, needles, catheters, cannulae imports rose sharply to $42.4B in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.3% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the United States (35B units) was the major importer of needles, catheters, cannulae, constituting 31% of total imports. The Netherlands (6.4B units) took the second position in the ranking, followed by Germany (6B units) and Japan (5.8B units). All these countries together took approx. 16% share of total imports. Belgium (4.6B units), the UK (4B units), France (3.8B units), Mexico (3.5B units), South Korea (3B units), Italy (2.5B units), China (2.4B units), Brazil (2B units) and Spain (1.9B units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the needles, catheters, cannulae imports, with a CAGR of +19.7% from 2012 to 2022. At the same time, the UK (+10.7%), the Netherlands (+10.5%), Brazil (+8.3%), South Korea (+8.2%), France (+5.6%), Germany (+5.2%), China (+5.0%), Spain (+4.6%), Mexico (+3.2%), Japan (+3.1%) and Italy (+1.3%) displayed positive paces of growth. By contrast, Belgium (-1.9%) illustrated a downward trend over the same period. While the share of the United States (+20 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Mexico (-1.7 p.p.), Italy (-1.9 p.p.), Japan (-2.8 p.p.) and Belgium (-6.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($11.1B) constitutes the largest market for imported needles, catheters, cannulae worldwide, comprising 26% of global imports. The second position in the ranking was taken by the Netherlands ($5B), with a 12% share of global imports. It was followed by Germany, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +9.1%. In the other countries, the average annual rates were as follows: the Netherlands (+8.1% per year) and Germany (+4.2% per year).

Imports By Type

Catheters and cannulae prevails in imports structure, accounting for 105B units, which was near 93% of total imports in 2022. It was distantly followed by tubular metal needles and needles for sutures (8.3B units), comprising a 7.3% share of total imports.

Catheters and cannulae was also the fastest-growing in terms of imports, with a CAGR of +7.9% from 2012 to 2022. At the same time, tubular metal needles and needles for sutures (+6.3%) displayed positive paces of growth. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, catheters and cannulae ($38.2B) constitutes the largest type of needles, catheters, cannulae imported worldwide, comprising 90% of global imports. The second position in the ranking was taken by tubular metal needles and needles for sutures ($4.2B), with a 9.9% share of global imports.

For catheters and cannulae, imports increased at an average annual rate of +5.8% over the period from 2012-2022.

Import Prices By Type

The average needles, catheters, cannulae import price stood at $0.4 per unit in 2022, shrinking by -19% against the previous year. In general, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2021 an increase of 5.6% against the previous year. As a result, import price attained the peak level of $0.5 per unit, and then shrank notably in the following year.

Average prices varied somewhat amongst the major imported products. In 2022, the product with the highest price was tubular metal needles and needles for sutures ($0.5 per unit), while the price for catheters and cannulae totaled $0.4 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by tubular metal needles and needles for sutures (+1.1%).

Import Prices By Country

The average needles, catheters, cannulae import price stood at $0.4 per unit in 2022, with a decrease of -19% against the previous year. Overall, the import price recorded a mild reduction. The growth pace was the most rapid in 2021 an increase of 5.6%. As a result, import price attained the peak level of $0.5 per unit, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($1.1 per unit), while South Korea ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Needles, Catheters, Cannulae

Global needles, catheters, cannulae exports skyrocketed to 96B units in 2022, surging by 21% against the previous year. The total export volume increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, needles, catheters, cannulae exports expanded remarkably to $41.5B in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 21%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, China (23B units), distantly followed by Malaysia (8.3B units), Mexico (7.2B units), the Netherlands (6.4B units), the United States (5.3B units), Belgium (4.8B units), Thailand (4.7B units) and Germany (4.4B units) represented the largest exporters of needles, catheters, cannulae, together comprising 66% of total exports. Ireland (3.2B units), Costa Rica (3B units), Austria (2.8B units), Hungary (2.1B units) and the UK (1.8B units) held a little share of total exports.

Exports from China increased at an average annual rate of +3.0% from 2012 to 2022. At the same time, Thailand (+27.8%), Malaysia (+24.7%), Austria (+23.8%), Hungary (+13.6%), the Netherlands (+11.7%), Mexico (+6.7%), Germany (+5.5%), the United States (+4.3%) and Ireland (+1.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.8% from 2012-2022. Costa Rica and Belgium experienced a relatively flat trend pattern. By contrast, the UK (-5.3%) illustrated a downward trend over the same period. Malaysia (+7.1 p.p.), Thailand (+4.2 p.p.), the Netherlands (+3.2 p.p.) and Austria (+2.4 p.p.) significantly strengthened its position in terms of the global exports, while Costa Rica, the UK, Belgium and China saw its share reduced by -2%, -3.3%, -3.7% and -4.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest needles, catheters, cannulae supplying countries worldwide were the United States ($8.1B), the Netherlands ($5.9B) and Ireland ($4.7B), together accounting for 45% of global exports. Mexico, Germany, China, Costa Rica, Belgium, Malaysia, Thailand, Hungary, Austria and the UK lagged somewhat behind, together comprising a further 38%.

Among the main exporting countries, Hungary, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Catheters and cannulae dominates exports structure, reaching 88B units, which was near 91% of total exports in 2022. It was distantly followed by tubular metal needles and needles for sutures (8.6B units), comprising an 8.9% share of total exports.

Exports of catheters and cannulae increased at an average annual rate of +4.5% from 2012 to 2022. At the same time, tubular metal needles and needles for sutures (+7.6%) displayed positive paces of growth. Moreover, tubular metal needles and needles for sutures emerged as the fastest-growing type exported in the world, with a CAGR of +7.6% from 2012-2022. Tubular metal needles and needles for sutures (+2 p.p.) significantly strengthened its position in terms of the global exports, while catheters and cannulae saw its share reduced by -2% from 2012 to 2022, respectively.

In value terms, catheters and cannulae ($37.6B) remains the largest type of needles, catheters, cannulae supplied worldwide, comprising 91% of global exports. The second position in the ranking was held by tubular metal needles and needles for sutures ($3.8B), with a 9.2% share of global exports.

From 2012 to 2022, the average annual rate of growth in terms of the value of catheters and cannulae exports stood at +5.1%.

Export Prices By Type

The average needles, catheters, cannulae export price stood at $0.4 per unit in 2022, falling by -10.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 17% against the previous year. As a result, the export price attained the peak level of $0.5 per unit, and then declined in the following year.

Average prices varied noticeably amongst the major exported products. In 2022, the product with the highest price was tubular metal needles and needles for sutures ($0.4 per unit), while the average price for exports of catheters and cannulae amounted to $0.4 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by catheter and cannula (+0.6%).

Export Prices By Country

The average needles, catheters, cannulae export price stood at $0.4 per unit in 2022, which is down by -10.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 17%. As a result, the export price attained the peak level of $0.5 per unit, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($1.5 per unit), while Thailand ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+13.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform