Butterfly infusion sets also called winged infusion sets or scalp vein sets, are devices used to access a vein to draw blood or intravenous delivery of fluids or medications. These sets generally offer advantages over straight needles, such as they allow precise placement in fragile or hard-to-access veins. The infusion sets include a hypodermic needle, flexible bilateral wings, and a connector attached to a vacuum tube.
MARKET SCOPE
The "Global Butterfly Infusion Sets Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the butterfly infusion sets market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading butterfly infusion sets market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global butterfly infusion sets market is segmented into 18 to 20-gauge, 21 to 24-gauge and 25 to 27-gauge.
- Based on application, the market is segmented into hospitals, clinics and other.
MARKET DYNAMICS
Drivers:
- Increase in prevalence of chronic diseases such as cancer, intravenous therapy.
- Rise in need for long-term medications and drug infusions management.
- Advantages of these sets over straight needles such as convenience and safety.
- Rise in geriatric patients whose veins are fragile and difficult to access.
Restraints:
- Lack of product innovations.
- Stringent regulatory requirements.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The butterfly infusion sets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the butterfly infusion sets market in these regions.
IMPACT OF COVID-19ON BUTTERFLY INFUSION SETS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Due to the increase in COVID-19 cases, elective procedures were delayed or canceled, and the geriatric population was more prone to COVID-19, which resulted in a decreased patient flow that affected the market growth. The coronavirus disease has resulted in several risks related to the blood supply. The shutdown of various plants and factories affected the manufacturing activities and sales slightly. However, the subcutaneous formulation for Covid-19 patient's treatment was given through butterfly needles; therefore, market growth was significant during the pandemic. Hence, the market will experience steady growth in the forecast period.
MARKET PLAYERS
The report covers key developments in the butterfly infusion sets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from butterfly infusion sets market are anticipated to have lucrative growth opportunities in the future with the rising demand for butterfly infusion sets in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the butterfly infusion sets market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- B. Braun
- Medline
- Narang Medical
- Advin Urology
- Vogt Medical
- AdvaCare Pharma
- Hindustan Syringes & Medical Devices Ltd.
- JCM MED
- Demophorius Healthcare
- Iscon Surgicals Ltd