North America Hypodermic Needles Market is expected to reach US$ 2,427.9 million and Growing at a CAGR of 7% during forecast period 2022-2028

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. 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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Key companies profiled in this research study are:
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.

NORTH AMERICA HYPODERMIC NEEDLES MARKET SEGMENTATION:

By Type
Safety Needles
Retractable Needles
Non-retractable Needles
Non-safety Needles

By Application
Drug Delivery
Vaccination
Blood Specimen Collection

By End User
Hospitals and Clinics
Diagnostic Centers
Home Health Care

By Usage
Disposable
Reusable
By Country

North America
US
Canada
Mexico

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.

The reports cover key developments in the North America Hypodermic Needles Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

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Major Features of North America Hypodermic Needles Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Hypodermic Needles Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the North America Hypodermic Needles Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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