The latest research study “Hypodermic Needles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global hypodermic needles market reached a value of US$ 2.48 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.86 Billion by 2027 exhibiting a CAGR of 7.20% during 2022-2027.
Hypodermic needles are thin, hollow needles used with a syringe to inject medications into the body. They also help extract bodily fluids, such as taking blood from a vein in venipuncture. They are typically manufactured through the tube drawing process using stainless-steel tubes. They can be used to provide medications that cannot be taken orally, as they are difficult to absorb (like insulin) or may harm the patient’s liver. They have a clean, smooth, and sharp surface that reduces and prevents contamination when inoculating a sterile substrate. As a result, hypodermic needles find extensive applications in research environments requiring sterile conditions and in the healthcare sector across the globe.
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Hypodermic Needles Market Trends and Drivers:
The global hypodermic needles market is primarily driven by the surging product adoption across the healthcare industry due to the rising need for intravenous vaccine delivery methods for administering intradermal liquid quickly during vaccination and sample collection. Moreover, the development of ultra-short hypodermic needle pens with enhanced drug delivery systems that cause less discomfort and pain during self-dosage is positively influencing the market growth.
Additionally, the rising use of safety needles to reduce the risk of infection and needle stick injuries is another major growth-inducing factor. Besides this, several favorable initiatives by governments of numerous countries to promote the uptake of hypodermic safety needles to inhibit the re-utilization of needles owing to the sudden outbreak of the COVID-19 pandemic and the escalating health concerns have catalyzed the market growth.
Furthermore, the rising number of blood donations has augmented the product demand. Other factors, including surging cases of blood-borne diseases, improving healthcare infrastructure, and the increasing need to prevent needle-stick injuries, are also anticipated to create a favorable market outlook.
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Global Hypodermic Needles Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Hypodermic Needles Companies:
Braun Melsungen AG, Becton Dickinson and Company, Cardinal Health Inc., Connecticut Hypodermics Inc., EXELINT International Co., Hi-Tech Syringes, McKesson Corporation, Medline Industries LP, Nipro Corporation, Retractable Technologies Inc., Smiths Medical Inc. (ICU Medical Inc.) and Terumo Corporation.
The report has segmented the market on the basis of region, product type, application and end user.
Breakup by Product Type:
- Safety Hypodermic Needles
- Non-Safety Hypodermic Needles
Breakup by Application:
- Drug Delivery
- Vaccination
- Blood Specimen Collection
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Diabetic Patients
- Family Practices
- Psychiatrics
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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