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Hypodermic Needles Market Outlook 2020 – 2027 with Corona Virus (Covid-19) Impact Analysis: Becton Dickenson, Catalent Pharma Solutions, Smiths Group plc, Terumo Medical Corporation, Medtronic
Hypodermic Needles Market
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Passive safety hypodermic needles with integrated retractable needle mechanism gain high adoption due to their safety features in the global hypodermic needles market
A hypodermic needle is a long, thin cylindrical hollow needle with a sharp & slanted tip used to administer drugs to the patient. It is also used to withdraw bodily fluids for research and examination purposes. The increase in the number of needle-stick injuries throughout the world is expected to boost the market growth.
Major Key Companies: Hypodermic Needles Market
The prominent players profiled in this report include:-
• 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, and Terumo Medical Corporation.
Retractable safety hypodermic needles is anticipated to dominate the safety hypodermic needles market as these needles eliminate exposure to the contaminated needle thereby reducing the risk of needle stick injuries. It accounted for over five-eighths of the total share.
Drug delivery is currently dominating the application segment and is expected to grow at a CAGR of 6.7%. Hypodermic needles are widely used in drug delivery to infuse the desired drug (therapeutic) into the patients body. In addition, safety injections embedded with hypodermic needles provide several advantages such as good absorption leading to lesser wastage of drugs, shorter onset time, and accurate titration of the dosage.
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COVID-19 Scenario:
• Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.
• However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.
• Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
Asia-Pacific and LAMEA collectively accounted for one-fourth of the global hypodermic needles market, and are expected to continue this trend due to rise in awareness regarding the use of hypodermic needles in China, India, and other developing economies. Various governmental and non-governmental organizations emphasize on medical training in hospitals and other medical settings through awareness programs. These programs aid in prevention of needle-stick injuries in hospitals and promote the use of safety needles, thereby boosting the market growth.
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