Understanding Butterfly Needle Sets

Butterfly needles, also called winged infusion sets, are specialized devices used for drawing blood or administering intravenous (IV) therapy. The sets consist of a hypodermic needle with bilateral flexible wings and a connector that attaches to a vacuum tube or collection bag. The design of butterfly needles ensures minimal discomfort for patients, making it particularly suitable for individuals with bleeding disorders like hemophilia or von Willebrand disease. In fact, in 2018 alone, 17, 757 individuals were diagnosed with hemophilia in the U.S.

The Booming Butterfly Needle Sets Market

The butterfly needle sets market is projected to reach $320.02 million by 2027, registering a compound annual growth rate (CAGR) of 8.20% from 2020 to 2027. The market was valued at $166.60 million in 2019. There are various factors driving this growth.

Market Drivers and Trends

The butterfly needle sets market is driven by several factors.

By Application

The market is divided into four applications – blood transfusion, venipuncture, IV rehydration, and medication delivery. In 2019, blood transfusion dominated due to the increasing prevalence of anemia and cancer, and a growing elderly population.

By End User

The market is segmented into hospitals, blood banks, and others. Blood banks lead the market due to the widespread use of butterfly needles in donation drives.

By Region

The Asia-Pacific region was the largest market in 2019, driven by a large patient pool and rising demand for blood transfusions. North America followed with significant growth due to healthcare infrastructure and awareness.

Competitive Landscape

The butterfly needle sets market is highly competitive, with major players employing strategies such as collaborations, product launches, partnerships, and acquisitions to expand their market share. Key companies in the market include:

• Braun Melsungen AG
• Becton, Dickinson and Company
• Nipro Corporation
• Cardinal Health, Inc.
• Medline Industries, Inc.
• Terumo Corporation
• Kawasumi Laboratories, Inc.
• ISOMed
• BioMatrix S. r. l.

Future Prospects

Looking forward, there are opportunities for market growth through innovations in needle design and new applications, such as intraosseous needle trials for neonates. The focus on safety, convenience, and managing chronic conditions will continue to drive the butterfly needle sets market’s expansion.