Hypodermic Needles Market is expected to reach US$ 3.78 Bn. by 2029 from US$ 2.28 Bn. in 2021, at a CAGR of 6.5% during forecast period.Hypodermic Needles Market Overview:
A hypodermic needle is a hollow needle that is widely used with a syringe to administer or remove fluids from the body. It is used to administer liquids quickly or when the injected drug cannot be consumed, either because it will not be absorbed (as with insulin) or because it will damage the liver.To know about the Research Methodology :- Request Free Sample Report
Global Hypodermic Needles Market Dynamics:
Increasing demand for injectable drugs is the major factor driving the market growth. One of the main growth-driving factors for global hypodermic needles is the growing geriatric population and demand for vaccines. The rising prevalence of various chronic diseases, as well as the growing number of hospitals and clinics in developing countries, are expected to boost the market's growth over the forecast period. Increasing cases of chronic diseases such as cancer, cardiovascular disorders and others worldwide prove to be the primary growth driving factor. Prevalence of chronic diseases can be due to sedentary lifestyles, obesity, poor eating patterns, and high tobacco and alcohol intake. According to the American Heart Association's 2019 study, cardiovascular disease (CVD) is the leading global cause of death, with more than 17.6 million deaths a year in 2016, and more than 23.6 million by 2030. Diabetes is predicted to become more prevalent in the future. Injection and infusion procedures are being used more often as a result of successful government programmes. The number of people living with diabetes is projected to rise from 463 million in 2019 to nearly 578.4 million in 2030, according to the International Diabetes Federation's 2019 report. Rising demand to avoid needle-prick accidents boosts the market growth for hypodermic needles. The demand for hypodermic needles is expected to grow due to a significant increase in injection-based therapies and therapeutic systems. Manufacturers of hypodermic needles are incorporating a variety of user-friendly features into their goods, such as the absence of recapping to minimise infection exposure, shorter needles, and fine gauge needles for less discomfort. Hypodermic needles are expected to become more common as a result of these user-friendly features. Alternative ways of drug delivery and high costs associated with the protection of hypodermic needles, on the other hand, limit the market growth. This market's growth is expected to get hampered by the high risk of infection associated with drug delivery through hypodermic needles. Lack of awareness about these needles in various developing regions of the world is also expected to hinder the market growth. The report has profiled twenty-two key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for a future hot spot in APAC region.Global Hypodermic Needles Market Segment Analysis:
The Global Hypodermic Needles Market is segmented on the basis of Product, Application and End-Users. Based on Product, the safety hypodermic needles segment held a significant share in 2020. This segment is expected to grow at a faster rate during the forecast period. Safety needles are becoming more common due to their built-in safety mechanisms, and technical advances and innovation in the production of multi-safety needles are some of the factors driving this segment's growth. Another factor contributing to the growth is the reduced risk of needle stick injuries, which can result in the transmission of blood-borne pathogens including HIV and the hepatitis B and C viruses. Safety needles minimise the risk of infection, cost-effective, and are more convenient for practical use. Based on Application, the Drug delivery segment is the dominant segment. It is expected to continue the dominance throughout the forecast period. Hypodermic Needles are often used in drug delivery to infuse the intended drug (therapeutic) into the patient's body since they help the body absorb the drug more quickly. The hypodermic needle is inserted into the dermis, which contains pain receptors. The stratum corneum barrier is bypassed, and the drug is delivered directly into the epidermis or upper dermis layer, delivering 100% of the loaded drug without discomfort.Global Hypodermic Needles Market Regional Insights:
North America is expected to lead the global market during the forecast period. In the forecast years, the market in this area is expected to grow at a rapid pace. The demand for hypodermic needles in the area is being driven by the rising prevalence of chronic and lifestyle-related diseases, as well as a growing focus on the use of safe injection technologies. The government’s introduction of favourable regulations is also benefiting the regional hypodermic needle market. Every year, approximately 647,000 Americans die from heart disease, accounting for nearly one-fourth of all deaths in the nation. Needles and syringes are needed for CVD treatment and therapy. As a consequence, the disease's high prevalence is expected to aid business development. The report also helps in understanding Global Hypodermic Needles Market dynamics, structure by analyzing the market segments and project the Global Hypodermic Needles Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Hypodermic Needles Market make the report investor’s guide.Global Hypodermic Needles Market Key Developments:
Boston, Massachusetts, USA, declared in April 2019 that they had coordinated a "Needle Take Back Day" in collaboration with a variety of health centres across the region. From 10 a.m. to 5 p.m., the citywide campaign will collect discarded needles, assisting with the problem of proper needle disposal. The city has stated that they would hold a public awareness campaign about the use of needles and how they should be treated.Global Hypodermic Needles Market Scope: Inquire before buying
Global Hypodermic Needles Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 2.28 Bn. Forecast Period 2022 to 2029 CAGR: 6.5% Market Size in 2029: US $ 3.78 Bn. Segments Covered: by Product • Safety Hypodermic Needles • Non-Safety Hypodermic Needles by Application • Drug Delivery • Vaccination • Blood Specimen Collection by End-Users • Hospitals • Diabetic Patients • Family Practices • Psychiatrics • Others Global Hypodermic Needles Market, by Region
• North America • Europe • South America • MEA • APACGlobal Hypodermic Needles Market Key Players
• Becton, Dickinson And Company • B. Braun Melsungen AG • Catalent, Inc. • Connecticut Hypodermics, Inc. • EXELINT International Co. • MedPro Safety Products, Inc. • Medtronic plc • Retractable Technologies, Inc. • Smiths Group plc • Terumo Medical Corporation • Covidien, Ltd. • Albert David, Ltd. • C.R. Bard • Hamilton Syringes & Needles • Hi-Tech Syringes • Hindustan Syringes & Medical Devices, Ltd. • Needletech Products, Inc. • MW Industries, Inc. • Revolutions Medical, Corp. • Simply Surgicals, LLC • Safety Medical Supply International • Vita Needle Company Frequently Asked Questions: 1] What segments are covered in the Global Hypodermic Needles Market report? Ans. The segments covered in the Market report are based on Application, Type, and Procedural Volume. 2] Which region is expected to hold the highest share in the Global Market? Ans. The North American region is expected to hold the highest share in Market. 3] What is the market size of the Global Market by 2029? Ans. The market size of the Global Market by 2029 is expected to reach US$ 3.78Bn. 4] What is the forecast period for the Global Market? Ans. The forecast period for the Market is 2022-2029. 5] What was the market size of the Global Market in 2021? Ans. The market size of the Global Market in 2021 was valued at US$ 2.28Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Hypodermic Needles Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Hypodermic Needles Market 3.4. Geographical Snapshot of the Hypodermic Needles Market, By Manufacturer share 4. Global Hypodermic Needles Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Hypodermic Needles Market 5. Supply Side and Demand Side Indicators 6. Global Hypodermic Needles Market Analysis and Forecast, 2021-2029 6.1. Global Hypodermic Needles Market Size & Y-o-Y Growth Analysis. 7. Global Hypodermic Needles Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 7.1.1. Safety Hypodermic Needles 7.1.2. Non-Safety Hypodermic Needles 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Drug Delivery 7.2.2. Vaccination 7.2.3. Blood Specimen Collection 7.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 7.3.1. Hospitals 7.3.2. Diabetic Patients 7.3.3. Family Practices 7.3.4. Psychiatrics 7.3.5. Others 8. Global Hypodermic Needles Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Hypodermic Needles Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 9.1.1. Safety Hypodermic Needles 9.1.2. Non-Safety Hypodermic Needles 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Drug Delivery 9.2.2. Vaccination 9.2.3. Blood Specimen Collection 9.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 9.3.1. Hospitals 9.3.2. Diabetic Patients 9.3.3. Family Practices 9.3.4. Psychiatrics 9.3.5. Others 10. North America Hypodermic Needles Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Hypodermic Needles Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 11.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 12. Canada Hypodermic Needles Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 13. Mexico Hypodermic Needles Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 14. Europe Hypodermic Needles Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 15. Europe Hypodermic Needles Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Hypodermic Needles Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 16.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 17. France Hypodermic Needles Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 18. Germany Hypodermic Needles Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 19. Italy Hypodermic Needles Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 20. Spain Hypodermic Needles Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 21. Sweden Hypodermic Needles Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 22. CIS Countries Hypodermic Needles Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 23. Rest of Europe Hypodermic Needles Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 24. Asia Pacific Hypodermic Needles Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 25. Asia Pacific Hypodermic Needles Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Hypodermic Needles Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 26.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 27. India Hypodermic Needles Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 28. Japan Hypodermic Needles Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 29. South Korea Hypodermic Needles Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 30. Australia Hypodermic Needles Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 31. ASEAN Hypodermic Needles Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 32. Rest of Asia Pacific Hypodermic Needles Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 33. Middle East Africa Hypodermic Needles Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 34. Middle East Africa Hypodermic Needles Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Hypodermic Needles Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 35.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 36. GCC Countries Hypodermic Needles Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 37. Egypt Hypodermic Needles Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 38. Nigeria Hypodermic Needles Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 39. Rest of ME&A Hypodermic Needles Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 40. South America Hypodermic Needles Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 41. South America Hypodermic Needles Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Hypodermic Needles Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 42.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 43. Argentina Hypodermic Needles Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 44. Rest of South America Hypodermic Needles Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44.3. Market Size (Value) Estimates & Forecast By End-Users, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Hypodermic Needles Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Becton, Dickinson And Company 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. B. Braun Melsungen AG 45.3.3. Catalent, Inc. 45.3.4. Connecticut Hypodermics, Inc. 45.3.5. EXELINT International Co. 45.3.6. MedPro Safety Products, Inc. 45.3.7. Medtronic plc 45.3.8. Retractable Technologies, Inc. 45.3.9. Smiths Group plc 45.3.10. Terumo Medical Corporation 45.3.11. Covidien, Ltd. 45.3.12. Albert David, Ltd. 45.3.13. C.R. Bard 45.3.14. Hamilton Syringes & Needles 45.3.15. Hi-Tech Syringes 45.3.16. Hindustan Syringes & Medical Devices, Ltd. 45.3.17. Needletech Products, Inc. 45.3.18. MW Industries, Inc. 45.3.19. Revolutions Medical, Corp. 45.3.20. Simply Surgicals, LLC 45.3.21. Safety Medical Supply International 45.3.22. Vita Needle Company 46. Primary Key Insights