Hypodermic Needles Market Size By Type, By Application, By Geographic Scope And Forecast


Posted June 22, 2021 by smithjenny22119

Introductionof user-friendly features in Hypodermic Needles to drive growth within themarket.
 
HypodermicNeedles Market Size And Forecast
HypodermicNeedles Market was valued at USD 3.17 Billion in 2020 and is projected toreach USD 5 Billion by 2028, growing at a CAGR of 5.84% from 2021 to2028.

Introductionof user-friendly features in Hypodermic Needles to drive growth within themarket. Advances in technology have paved the way for the development ofhypodermic Needles with user-friendly features like shorter Needles. fine gaugeNeedles for lesser pain. and also, the absence of recapping to cut backinfection exposure. The Global Hypodermic Needles Market report provides aholistic evaluation of the market. The report offers a comprehensive analysisof key segments, trends, drivers, restraints, competitive landscape, andfactors that are playing a substantial role in the market.

GlobalHypodermic Needles Market Definition
Ahypodermic needle is a hollow needle widely used across medical situations tohold out different applications like drug delivery, vaccination, and bloodspecimen collection. These Needles function through two different mechanisms,namely safety and non-safety Needles. they’re used to administer and injectdrugs within the body and also to withdraw fluids from the body for examinationand research purposes.

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Ahypodermic needle is employed for rapid delivery of liquids, or when theinjected substance can’t be ingested, either because it might not be absorbed(as with insulin), or because it might harm the liver. it’s also useful todeliver certain medications that can’t be delivered orally because of vomiting.There are many possible routes for injection, with intramuscular (into amuscle) and intravenous (into a vein) being the foremost common.

GlobalHypodermic Needles Market Overview
Themajor factors that drive the worldwide Hypodermic Needles Market are increasein demand for injectable drugs and vaccines, active government initiatives, anda surge in the application of injection and infusion therapies. Additionally,the high occurrence of blood-borne diseases surges the demand for hypodermicNeedles and thereby provides profitable opportunities for market growth. Theintroduction and implementation of varied regulations in several countries formandatory usage of safety Needles have also fueled the growth of the worldwideHypodermic Needles Market.

However,alternative modes of drug delivery and high costs related to safety hypodermicNeedles restrain the market growth. The high risk of infections related to theadministration of drug delivery through hypodermic Needles restrains the growthof this market. Furthermore, the increased risk of needle stick injuries andavailability of substitutes also restrain the growth of the worldwideHypodermic Needles Market.

GlobalHypodermic Needles Market: Segmentation Analysis
TheGlobal Hypodermic Needles market is segmented based on Type, Application andGeography.

HypodermicNeedles Market, By Type
•Safety
• Non-safety

Onthe basis of Type, the market is segmented into Safety and Non-safety. Thesafety type is expected to be the fastest-growing type segment during theforecast period. This growth can be attributed to the reduced risk of needlestick injuries offered by these products as such injuries can result in thetransmission of blood borne pathogens, such as HIV and hepatitis B andhepatitis C virus.

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HypodermicNeedles Market, By Application
•Drug Delivery
• Vaccination
• Blood Specimen Collection

Onthe basis of Application, Hypodermic Needles market is divided into DrugDelivery, Vaccination and Blood Specimen Collection. Out of these, Drugdelivery is currently dominating the application segment. Hypodermic Needlesare widely used in drug delivery to infuse the desired drug (therapeutic) into thepatient’s body as these Needles help in quicker absorption by the body.

HypodermicNeedles Market, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

Onthe basis of Geography, the Global Hypodermic Needles Market is classified intoNorth America, Europe, Asia Pacific, and Rest of the world. Regionally, NorthAmerica dominates the worldwide Hypodermic Needles Market. The increasinggeriatric population within the region and therefore the rising prevalence ofchronic diseases are fueling demand for hypodermic Needles in North America.The regional Hypodermic Needle Market is additionally gaining from theimplementation of favourable regulations by governments.

KeyPlayers
The“Global Hypodermic Needles Market” study report will provide a valuable insightwith an emphasis on the global market. The major players in the marketare Becton,Dickinson And Company, B. Braun Melsungen AG, Catalent Inc., ConnecticutHypodermics Inc., EXELINT International Co., MedPro Safety Products Inc., Medtronicplc, Retractable Technologies, Inc., Smiths Group plc.

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Last Updated June 22, 2021