Product Code: ETC376344 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India Needles Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 9.45% in 2025, the market peaks at 10.58% in 2028, and settles at 10.28% by 2029.
The India needles market was valued at US$ 791 million in 2025 and is anticipated to register a healthy CAGR of 6% over the forecast period. This can be attributed to surging prevalence of chronic diseases worldwide resulting into an increased demand for medical devices including needles among healthcare professionals? for diagnosis & treatment purposes which will consequently propel needle sales across India.
The India needles market has experienced substantial growth, propelled by several factors. The expanding healthcare sector is a major driver, as the demand for medical needles has surged with the increasing number of hospitals, clinics, and healthcare facilities across the country. Moreover, the rising prevalence of chronic diseases and the growing aging population have further augmented the demand for needles used in diagnostics, treatment, and vaccination procedures. Additionally, the growth of the pharmaceutical and biotechnology industries in India has contributed to the market`s expansion. As these industries continue to develop new drugs and therapies, the need for specialized needles for drug delivery and research purposes has increased. Furthermore, advancements in medical technology have led to the introduction of innovative and safer needle designs, reducing the risks of needlestick injuries and infections. The adoption of these advanced needle technologies has driven market growth, as healthcare providers prioritize patient safety and comfort.
The needles market in India faces specific challenges that can affect its growth and profitability. Counterfeit and low-quality needles flooding the market pose a significant challenge to established needle manufacturers. Such products can be potentially hazardous to patients, leading to health risks and eroding consumer trust in genuine needle brands. Additionally, price sensitivity in the healthcare sector can put pressure on needle manufacturers to keep prices competitive, impacting their profit margins and sustainability. Ensuring regulatory compliance and adherence to international quality standards is another challenge for needle manufacturers. Meeting these standards requires investments in quality control processes and certifications, adding to the production costs.
During the COVID-19 pandemic, the India needles market faced both positive and negative impacts. The demand for medical needles surged due to increased testing and vaccination efforts. However, the market also faced hindrances due to disruptions in the supply of raw materials and transportation bottlenecks. As healthcare services stabilize, the market for needles is likely to find a balance.
In the India needles market, major key players are Groz Engineering Tools Pvt. Ltd., Schmetz India Pvt. Ltd., and AOV International.