The hypodermic needles market refers to the industry that focuses on the manufacturing, distribution, and sale of needles specifically designed for medical and healthcare applications. Hypodermic needles are used for various purposes, including administering medications, withdrawing blood samples, and delivering fluids or substances directly into the body through subcutaneous, intramuscular, or intravenous injections. The hypodermic needles market is a critical component of the broader medical device industry and plays a vital role in healthcare delivery and patient care. Key stakeholders in this market include medical device manufacturers, healthcare facilities, distributors, and end-users such as hospitals, clinics, and home healthcare settings.
Hypodermic needles are typically made of stainless steel or other medical-grade materials, and they come in various sizes, lengths, and gauges to accommodate different clinical needs and patient populations. The gauge refers to the diameter of the needle, where a smaller gauge number indicates a larger needle diameter. The choice of needle gauge depends on factors such as the intended procedure, the viscosity of the fluid being injected, and patient comfort. The market offers a wide range of hypodermic needles, including standard disposable needles, safety needles, and specialty needles. Safety needles are designed with features to minimize the risk of accidental needlestick injuries, protecting healthcare workers and reducing the potential for cross-contamination. Specialty needles include those with ultra-thin walls for enhanced patient comfort or those designed for specific procedures such as spinal injections.
Regulatory standards and guidelines, such as those set by health authorities and organizations like the Food and Drug Administration (FDA) and International Organization for Standardization (ISO), play a significant role in ensuring the safety, quality, and performance of hypodermic needles.
Get a Free Sample PDF of this Research Report https://www.factmr.com/connectus/sample?flag=S&rep_id=8381
Key findings of the Hypodermic Needles market study:
- The report provides a present market outlook on Hypodermic Needles. Additionally, the Hypodermic Needles market share is anticipated to grow with a CAGR of 4% in the forecast period.
- Regional breakdown of the Hypodermic Needles market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Hypodermic Needles vendors in detail.
- Region-wise and country-wise fragmentation of the Hypodermic Needles market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Hypodermic Needles market.
- Hypodermic Needles price, market share, and Trends forecast for assessment period 2023-2033
Why is Demand for Hypodermic Needles High in the United States?
Rising cases of cardiac disorders, rapid innovations in needle development, and the presence of key market players are some of the aspects boosting the sales of hypodermic needles in the United States. Also, the cases of diabetes are increasing rapidly in the United States, which is again driving sales growth.
- According to the Centers for Disease Control and Prevention’s July 2022 report, about 805,000 Americans experience heart attacks each year.
- More than 20.1 million people in the country over the age of 20 were affected by coronary artery disease, the most widespread form of heart disease. For cardiovascular disorders medications and treatments, needles and syringes are necessary. As a result, the disease’s high prevalence is aiding sales growth.
- Diabetes prevalence is likewise high and rising throughout the nation. In the United States, around 32 million individuals were experiencing diabetes in 2021, according to research from the International Diabetes Federation.
- By 2030 and 2045, their numbers are projected to rise to 34.8 million and 36.3 million, respectively. Diabetes treatment involves the use of insulin pens and syringes. Therefore, rising diabetes prevalence predicts sales growth.
Competitive landscape analysis
According to Fact.MR, a market research and competitive intelligence provider, key players in the hypodermic market are focusing on developing advanced needles to maintain market position and earn more. Mergers, acquisitions, regional expansion, increasing local supply, and new product developments are some of the tactics adopted by the leading companies in the market.
- Micro-Tech Endoscopy introduced the PinPoint Injection Needle in October 2020.
- To prevent the plunger from being pulled out, Terumo Corporation has introduced hypodermic syringes with inbuilt plunger stops.
Some of the leading companies operating in the market are :
- Terumo Corporation
- BD
- Cardinal Health
- Medline Industries, Inc
- Hindustan Syringes & Medical Devices Ltd
- B. Braun Melsungen AG
- Hitech Syringes
- NIPRO Medical Corporation
- Vita Needle Company
- Vygon SA
- NeedleTech Products, Inc
- ISCON SURGICALS LTD.
- McKesson Corporation
- Connecticut Hypodermics Inc
- EXELINT International, Co
- Retractable Technologies, Inc
- Smiths Medical
What insights does the Hypodermic Needles report provide to the readers?
- Hypodermic Needles fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Hypodermic Needles
- Various regulations imposed by the governments on the consumption of Hypodermic Needles in detail.
Key Segments of Hypodermic Needles Industry Research
· By Product :
- Safety
- Non-safety
· By Material :
- Stainless Steel
- Plastic
· By Application :
- Drug Delivery
- Vaccination
- Blood Specimen Collection
· By End User :
- Hospitals
- Diagnostic Centers
- Home Healthcare
· By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
For in-depth competitive analysis, Buy Now – https://www.factmr.com/checkout/8381
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email: [email protected]