A latest report from Absolute Markets Insights covers insights into the global Hypodermic Needles market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Hypodermic Needles market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Hypodermic Needles report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Hypodermic Needles report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Hypodermic Needles market include: B. Braun Medical Ltd, BD, Cadence Science, Cardinal Health, CHIRANA T.Injecta, a.s., EXELINT International, Co., Hindustan Syringes & Medical Devices Ltd, Iscon Surgicals Ltd, NIPRO, QG, RayMed, Smiths Medical, Surtex Instruments Limited, Surtex Instruments Limited, Terumo Medical Corporation, TSK Laboratory Worldwide, VOGT MEDICAL and Vygon (UK) Ltd amongst others.
In terms of revenue, the global hypodermic needles market is expected to reach US$ 6421.52 million by 2030, growing at a CAGR of 5.2% over the forecast period.
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Hypodermic Needles Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Hypodermic Needles Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Hypodermic Needles Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Hypodermic Needles Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Hypodermic Needles Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Hypodermic Needles market?
The growing awareness related to the illnesses and physical appearance have inflated the number of medical treatments availed by each person, thus, creating heightened demand for hypodermic needles. Hypodermic is a medical term that refers to anything which is related to just below the skin. The syringe needles which pierces the skin and injects substances into the muscles are termed as hypodermic needles. They are generally used when the substance cannot be delivered by mouth and needs to be administrated to muscle or fatty acids under the skin for rapid results. These needles can also be used to extract blood samples or other bodily fluids for clinical diagnosis. These hypodermic needles are witnessing high demand amidst increasing number of medical treatments availed by people. The global population is witnessing high prevalence of ailments with more than half of this population having at least one illness at any given time. This high prevalence of illnesses has caused rise in awareness for healthcare treatments which in turn increases the demand for medical consumables.
World Health Organization states that over 16 billion injections are administered every year. Rising cases of infectious diseases such as Hepatitis B, Hepatitis C, HIV/AIDS and others further inflate the demand for injections to administer vaccines. Along with these illnesses, people are also becoming highly aware of their physical appearance which further inflates the number of aesthetic treatments availed, globally. The American Society for Aesthetic Plastic Surgery (ASAPS) stated that there was a 5.1% rise in the Botox procedures performed across the nation in 2018 compared to 1.5 million injections administered in the previous year. To cater to this rising demand of hypodermic needles market players are expanding their manufacturing capacities. For instance, in July 2019, Terumo Medical Corporation invested US$ 30.9 million in expansion of its production facility at Leuven, Belgium which is mostly focused on production and assembly of hypodermic syringes and needles. This increase in demand from various medical treatments is propelling the growth of global hypodermic needles market.
The sharp points of hypodermic needles give painful experience to patients which creates resistance among people and led to high popularity of cannulas over the hypodermic needles, thus hampering the market growth. High-tech printing technologies is being explored to help eliminate pain associated with traditional hypodermic needles. Micro-needles are being developed to create a minimally invasive and less painful method of transdermal drug and vaccine delivery. These micro-needles do not reach the pain receptors located deep into the dermis, thus, cause less pain as compared to that of a regular hypodermic needle. These advantages are drawing the attention of many researchers. For instance, the U.S. Department of Defense provided a grant to Washington State University in June 2018 to develop 3D printed micro-needle for eye disease treatment. In other instance, researchers from Rutgers University developed 4D printed micro-needles as an alternative to traditional painful hypodermic needles for administering shots, injecting drugs and drawing blood samples in February 2020. This 4D printing technology goes one step further from the 3D printing technology by making use of smart material which change shape after printing. Hence, the fourth dimension is time in this technology, which allows the material to settle in final shape. Thus, the technological advancements to create new designs of hypodermic needles are expected to eliminate the challenges of pain and create high demand for these new needles in forecast years.
The recent outbreak of COVID-19 pandemic has accelerated the research activities, clinical trials and vaccine production across multiple firms in various nations. These activities are creating high demand for hypodermic needles. Dr. Anthony Fauci director of the National Institute of Allergy and Infectious Diseases said in a press release of June 2020 that they are going to produce 100 million doses of COVID-19 vaccine by early 2021. To cater to this heightened demand market players such as Component Supply Company, Smiths Medical an others have announced ramping up of their hypodermic needle manufacturing capacity. Also in March 2020, Argentina government suspended anti-dumping duties on the import of hypodermic syringes with or without needles imported from China, to increase the availability of these devices for its nationals. These heightened demand from vaccine manufacturers and laboratory researchers has positively affected the hypodermic needles market across the globe.
Global Hypodermic Needles Market Segmentation:
Global Hypodermic Needles Market By Needle Type (Short Bevel, Long Bevel); By Life Stage (5μ Filter, 5μ); By Needle Length (0.5 Inch, 1.0 Inch, 1.25 Inch, 1.5 Inch, Others); By Needle Gauge (10g-15g, 16g-20g, 21g-23g, 25g-29g, 30g And Above); By Application (Injection, Puncture, Biopsy, Others); By Distribution Channel (Online, Offline); By End Users (Hospitals/Clinics, Research Centers, Pathological Laboratories, Others); By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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