Product Code: ETC376350 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Needles Market is poised for steady growth rate improvements from 2025 to 2029. Commencing at 8.77% in 2025, growth builds up to 11.02% by 2029.
The Needles market in Vietnam is projected to grow at a high growth rate of 10.03% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The needles market in Vietnam caters to the healthcare and medical industries. Needles are essential medical devices used for various applications, including injections and blood collection. With an emphasis on healthcare infrastructure and services, there is a continuous demand for high-quality needles. Market participants should prioritize safety, precision, and comfort in needle design and production.
The Vietnam needles market is growing steadily due to multiple factors. Firstly, the healthcare sector in Vietnam is expanding, leading to an increased demand for medical needles for procedures such as vaccinations, blood sampling, and drug administration. Additionally, the rise in chronic diseases and the aging population have boosted the demand for needles used in diagnostic and therapeutic applications. The market is also benefitting from advancements in needle technology, such as safety features to prevent needlestick injuries and the use of finer, more precise needles in fields like diabetes management. Increasing awareness of healthcare hygiene and quality standards is further driving the adoption of high-quality needles in Vietnam.
The needles market in Vietnam faces challenges in terms of product quality and safety. Ensuring that needles meet international quality standards is crucial for export-oriented manufacturers, but maintaining consistency can be difficult due to variations in raw materials and production processes. Safety concerns, such as needle-related accidents and infections, also pose a significant challenge, demanding strict quality control measures and regulatory compliance. Additionally, competition from lower-cost producers in other regions can put pressure on pricing and market share.
The needles market in Vietnam experienced a shift in demand during the pandemic. While the demand for medical needles surged due to the increased need for vaccinations and COVID-19 testing, the demand for non-medical needles used in industries like textiles and manufacturing declined. Manufacturers had to adjust their production capacities to meet the changing demand patterns.
Prominent players in the Vietnam needles market include Gia Bao Trading Co., Ltd. and Vietnam Surgical Instrument Company (VISIC). Gia Bao Trading Co., Ltd. is known for its supply of medical needles and surgical instruments, ensuring the quality and safety of healthcare procedures. VISIC specializes in the production of surgical and medical needles, meeting the stringent requirements of the healthcare sector in Vietnam. These leading players have played a vital role in supporting healthcare professionals and institutions with high-quality medical needles.