North America Hypodermic Needles Market- Growth trends are forecast to remain positive, enabling it to surpass US$ 2,427.9 Mn in valuation by 2028

The North America hypodermic needles market is expected to reach US$ 2,427.9 million by 2028 from US$ 1,424.0 million in 2021. The market is estimated to grow at a CAGR of 7.0% from 2021–2028.

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As per the CDC, direct costs for testing and treatment can range from US$ 500 to US$ 3,000 per injury. Safety needles are designed to deliver drugs by maintaining safety features for avoiding needlestick injuries. Safety-engineered devices protect healthcare workers from avoidable needlestick injury and risk of infection with Hepatitis or even HIV. Introducing safety devices is essential to remove unnecessary risks from the healthcare professional’s working environment. The demand for safety hypodermic needles is likely to increase with the rising popularity of safety syringes and needles supported by the Needlestick Safety and Prevention Act that reduces unnecessary costs and needlestick injuries. The enforcement of such legislation will stimulate demand for North America hypodermic needles market in the coming years.

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Company Profiles:
• EXELINT International, Co.
• Terumo Corporation
• BD
• B. Braun Melsungen AG
• Catalent Inc
• Cardinal Health Inc
• Vita Needle Company
• Connecticut Hypodermics Inc.
• Vygon
• Barber of Sheffield
• RETRACTABLE TECHNOLOGIES, INC.
• AIR-TITE PRODUCTS CO., INC.

The safety needles market is anticipated to grow in the forecast period owing to driving factors such as high prevalence of blood-borne disease, active government participation to implement stringent regulations, increase in demand for injectable drugs & vaccines and untapped potential in the emerging economies. Nevertheless, high cost of safety needles and alternative drug delivery options are expected to hamper the market growth during the forecast period.

The COVID-19 pandemic has resulted in many hospital admissions. These hospital admissions are followed by various tests using blood samples and various medications, which is expected to further fuel the market growth. Also, the rise in COVID-19 vaccinations has been observed, which will lead to increased demand for syringes and needles. The vaccine campaign has placed the spotlight on syringes and needles. Companies in the hypodermic needles are capitalizing on business opportunities with unprecedented demand for single-use needles. The COVID-19 pandemic has necessitated rapid vaccine development for the control of the disease. Most vaccinations, including those currently approved for COVID-19, are administered intramuscularly and subcutaneously using hypodermic needles. Manufacturers in the hypodermic needles market are maintaining robust supply chains to meet requirements for vaccine campaigns and ongoing COVID-19 cases of patients in hospitals.

North America Hypodermic Needles market- By End User:
1. Hospitals and Clinics
2. Diagnostic Centers
3. Home Health Care

North America Hypodermic Needles market- By Application
• Drug Delivery
• Vaccination
• Blood Specimen Collection

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