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Global Needles Market

Global Needles Market was valued US$5.82 Bn in 2017 and is expected to reach US$10.56 Bn by 2026, at a CAGR of 7.73% during a forecast period.


The global needles market is majorly segmented into type, product type, delivery mode, material, end-user, and region.


Further, global needles market based on type segment includes conventional needles, bevel needles, blunt fill needles, filter needles, vented needles, safety needles, active needles, and passive needles. Product type global needles market segment is classified into suture needles, blood collection needles, ophthalmic needles, dental needles, insufflation needles, pen needles, and other needles. Based on delivery mode segment global needles market is divided into hypodermic needles, intravenous needles, intramuscular needles, and intraperitoneal needles. In terms of material global needles market is classified into stainless steel needles, plastic needles, glass needles, and peek needles. Further, the end-user global needles market includes hospitals & clinics, diagnostic centers, home healthcare, and other end users.


The global needles market has segmented the geographies into five continents are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.


Global Needles Market


On the basis of type, the conventional needles market is estimated to command the larger share of the global needles market due to growing demand for biosimilar products, the increasing incidence of chronic disease and the expanding injectable market are the key factors contributing to the growth of the conventional needles market segment.


By product, the blood collection needles segment is expected to grow at a significant CAGR during the forecast period due to the increasing number of blood donations and technological advancements in blood collection sets are driving the growth of the blood collection needles market segment.


In terms of delivery mode hypodermic needles segment is expected to account for the largest share of the needles market owing to the needles are used for injecting the drug into the subcutaneous layer, this enables the quick absorption of active compounds into the bloodstream, which is a key factor contributing to the market growth of delivery mode market segment.


Further, end-user hospitals are expected the largest end-user category owing to increasing healthcare institutions and spur in a patient base in hospitals.


The major driving factors of the global needles market are increasing the adoption of injectable drugs, rising demand for injection, increasing medical costs, and growing demand for hormone supplements. Moreover, the growing demand for point-of-care diagnostic products also propels the demand for needles across the globe.

Furthermore, owing to the benefits of injectable drugs over tablet formulations, companies are focusing on the development of injectable drug delivery systems, including syringes and needles. Various pharmaceutical and biotechnology companies are continuously involved in the development of effective and novel injectable drugs for the treatment of chronic diseases, which is boosting the growth of global needles market.

However, high risks of infections associated with the administration of drug delivery by needles obstruct the growth of the global needles market. In addition, increased risk of needlestick injuries and the availability of alternatives also hampers the growth of global needles market.


Rising demand for self-injectable and use of safety needles are created opportunities for the players in the needles industry. Self-injectable are highly us


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Global Luxury Apparels Market

Global Luxury Apparels Market was valued US$ 1.56 Bn in 2017 and is expected to reach US$ 2.63 Bn by 2026, at a CAGR of 6.75% during a forecast period.


The luxury apparels market is segmented into material type, gender, mode of sale, and region.

In terms of material type, global luxury apparels market is classified into cotton, silk, leather, and denim. Based on gender, global luxury apparels market is divided into male and female. Further mode of sale, global luxury apparels market is split online, and offline sale.


Based on regions, the global luxury apparels market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa.


Global Luxury Apparels Market


Based on the mode of sale, online platforms provide more options to choose and it is convenient for consumers. Increased preference of consumers for luxury products through online mode is encouraged many new market players to launch their own e-commerce sites. Thus, the online sales platform is expected to exhibit the high growth rate in the luxury apparels market. As offline retail stores have limited growth potential over online retail stores, it is likely to influence sales of luxury apparels in online retail stores during the forecast period.


In terms of material type, denim is the most worn fabric apparel among global consumers and offers a wide range of products than other materials. Apparels, such as denim jackets, jeans, dresses, shirts, shorts, skirts, and tops, are some of the popular and preferred denim apparels used as regular wear. Moreover, unique weaving pattern of raw denim showcases it as a luxury apparel.


Cotton is believed as one of the luxury apparels extensively employed as natural clothing in the textile market all over the world. Pure cotton is believed to be the real luxury due to the kind of weave, namely twill and plain weave utilized. More than 50% of the users all over the world demand for cotton dresses, shirts, and tops, due to its need low maintenance, durability, and cooling capability. Hence, the cotton fabric material made the most income for the global luxury apparels market.


Based on gender, it is bifurcated into male and female. Fashion designers are always experimenting with women fashion in terms of material, design, and pallet. Thus, the female segment is dominated not only the global fashion market but also the luxury apparel market. Women in entertainment, modeling, and sports prefer premium fabric clothing made of satin, lace, fur, and polyester that provides them comfort dominating the global luxury apparels market.


The leather is the second high growing material in luxury apparels market during the forecast period and is expected to exhibit a growth of the market during the forecast period.


Growth in the online mode of sale, rapid urbanization, and change in lifestyle owing to the increased disposable income of the consumers drive the luxury apparels market growth. Moreover, growing attraction of luxury lifestyle and the influence of celebrity endorsement is boosting the market growth.

The high cost of raw materials hampers the luxury apparels market growth.


On the basis of region, North America is likely to hold significant market share in luxury apparels industry followed by Europe region over the forecast period due to increased demand of luxury goods including luxury apparels in the region. The growing attraction of luxury lifestyle, high purchasing power, and the influence of celebrity endorsement is driving the market growth in North America. Asia-Pacific region is estimated to witness a significan


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