Global Hypodermic Needles Market, By Product Type (Safety Hypodermic Needles, Non-Safety Hypodermic Needles), Application (Drug Delivery, Vaccination, Blood Specimen Collection), End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Diabetic Patients, Family Practices, Psychiatrics, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Hypodermic Needles Market
Hypodermic needles market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 8.3% in the above-mentioned forecast period.
Hypodermic needles are basically the hand-operated device classified under the category of medical needle attached to syringe is a very thin, hollow tube with one sharp tip. It is designed to extract or drug delivery, blood specimen collection and vaccination, which consist of a very minute opening at one end to extract or deposit fluids in the body. These needles directly enter the blood stream by inserting into the skin.
The increasing volume of consumption associated with the drugs and vaccines designed for delivery by injecting is the significant factor responsible for driving the growth of the hypodermic needles market. Additionally, the growing volume of injuries associated with needle-sticks and significant rise in injection-based therapies and therapeutic systems also heighten the overall growth of the market. However, the availability of various alternate methods for delivery of drugs is estimated to obstruct the market’s growth.
High volume of programs and initiatives undertaken by the government to spread awareness regarding these needles and large costs associated with the safety variant of hypodermic needles is expected to generate profitable opportunities for the market. On the other hand, the lack of information/knowledge regarding these needles from the various developing regions of the world have the potential to challenge for the market’s growth.
This hypodermic needles market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research hypodermic needles market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hypodermic Needles Market Scope and Market Size
Hypodermic needles market is segmented on the basis of product type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the market is segmented into safety hypodermic needles and non-safety hypodermic needles.
- On the basis of application, the hypodermic needles market is segregated into drug delivery, vaccination and blood specimen collection.
- On the basis of end-user, the market is segregated into hospitals and clinics, ambulatory surgical centers, diabetic patients, family practices, psychiatrics and others.
Hypodermic Needles Market Country Level Analysis
Hypodermic needles market is analyzed and market size insights and trends are provided by product type, application and end-user as referenced above.
The countries covered in the hypodermic needles market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market due to due to increased awareness regarding the importance of hypodermic needles within the region. Asia-Pacific is expected to show a rapid and lucrative growth rate in the forecast period of 2021 to 2028 owing to the less stringent wages and high availability of skilled labor within the region.
The country section of the hypodermic needles market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
Hypodermic needles market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for hypodermic needles market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hypodermic needles market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Hypodermic Needles Market Share Analysis
Hypodermic needles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hypodermic needles market.
The major players covered in the hypodermic needles market report are Terumo Corporation, BD, Cardinal Health, B. Braun Melsungen AG, Connecticut Hypodermics Inc, EXELINT International, Co, Retractable Technologies, Inc, Smiths Medical, Medline Industries, Inc, Hindustan Syringes & Medical Devices Ltd, Hitech Syringes, NIPRO Medical Corporation, Vita Needle Company, Vygon SA; MW Industries (MWI), NeedleTech Products, Inc, ISCON SURGICALS LTD., McKesson Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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