Hypodermic Needles Market Trends, Drivers and Impact Analysis 2031

ISO Standards Benefit Syringe Manufacturers amid Ongoing COVID-19 Vaccine Campaigns

The worldwide vaccine campaign has placed the spotlight on syringes and needles. Healthcare providers are adhering to ISO (International Organization for Standardization) standards to ensure they meet internationally agreed levels of safety and quality. Companies in the hypodermic needles market are capitalizing on business opportunities with unprecedented demand for single-use needles and catheters for blood sampling.

Stakeholders in the healthcare landscape are gaining awareness pertaining to government guidelines about specific properties and requirements for sterile single-use hypodermic syringes. 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. International standards are proving useful for syringe manufacturers to ensure they comply with World Health Organization (WHO) recommendations.

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Precision-engineered Hypodermic Needles Deliver Increased Patient Comfort

The hypodermic needles market is predicted to reach US$ 4 Bn by the end of 2031. However, there is a lack of availability of precision-engineered needles for challenging applications in high-throughput processing environments. Terumo Pharmaceutical Solutions - a manufacturer of drug delivery devices, is taking advantage of this opportunity within a challenge to innovate in carefully crafted hypodermic needles that deliver comfort in parenteral therapies.

Companies in the hypodermic needles market are boosting their production capabilities in products that are patient-friendly and help to decrease penetration resistance. Thus, to gain a competitive edge, stakeholders are establishing flexible global sales and supply networks.

Can Needle-free Injectors Replace Hypodermic Needles?

Hypodermic needles are facing a stiff competition from needle-free injectors. The NuGen Medical Devices' needle-free injector is being publicized for the same and are serving as cutting-edge replacements. However, needle-free injectors cannot entirely replace hypodermic needles. Hence, manufacturers in the hypodermic needles market are offering tailored solutions and expert engineering to clients and customers in order to improve patient outcomes.

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Manufacturers in the hypodermic needles market are increasing the availability of precision-engineered needles and needle stick prevention technologies to excel in challenging applications and high-throughput processing environments. Companies are providing safe designs and less painful injections to ensure therapeutic success. Robust inspection, quality-assured, and controlled manufacturing of hypodermic needles is being achieved to face the competition placed by needle-free injectors.

Companies Invest in Automated Systems for Inspection, Testing Processes

Meeting ISO standards has become customary for manufacturers in the hypodermic needles market in order to meet the high standard of quality in materials and for accurately administering medications. The steady demand for syringes has compelled companies to adopt automated systems in inspection and testing processes. Optical and vision systems are being used for random sample checking during production processes.

Surface finish, visual appearance, and cleanliness are forming as important requirements in the hypodermic needles market. Manufacturers are increasing their production capacities in safety hypodermic needles that are carefully crafted to suit a clinician's needs and assure patient comfort. Patented, reliable, hinged sheath design provides audible, visible, and tangible confirmation of safety for administration of medications.

Hypodermic Needles Market: Overview

A hypodermic (hypo - under, dermic - the skin) needle is a hollow needle commonly used with a syringe to inject substances into the body or extract fluids from it. It could also be used to take liquid samples from the body; for instance, taking blood from a vein in venipuncture.

A hypodermic needle provides rapid delivery of liquids. It is used when the injected substance cannot be ingested orally, as it would not be absorbed, and with insulin, or as it would harm the liver.

Rise in prevalence of chronic diseases and increase in demand for vaccines are projected to drive the global hypodermic needles market

Hypodermic Needles: Market Drivers

Surge in cases of chronic diseases, including cancer and cardiovascular disorders, is a key driver of the global hypodermic needles market. Prevalence of chronic diseases is rising due to sedentary lifestyles, poor eating patterns, obesity, and high tobacco & alcohol consumption. According to the American Heart Association's 2019 study, cardiovascular disease (CVD) is the leading cause of death, accounting for over 17.6 million deaths in 2016. The number is expected to rise to 23.6 million by 2030.

Increase in demand for vaccines is another key factor to boost the growth of the global hypodermic needles market over the next few years. Moreover, rise in cases of infectious diseases contributes to the growth of the global market. Launch of the Universal Immunization Program (UIP) aimed at increased immunization coverage against vaccine preventable diseases fuels the growth of the market.

Hypodermic Needles: Market Segmentation

In terms of type, the global hypodermic needles market has been bifurcated into safety needles and non-safety needles
Based on application, the global market has been classified into drug delivery and others. The drug delivery segment has been split into chemotherapy, spinal/ epidural infusion, plastic surgery, and others.

In terms of end user, the global hypodermic needles market has been divided into hospitals, cancer treatment centers, dermatology clinics, and others
Each of the segments has been analyzed in detail for hypodermic needles trends, recent trends & developments, drivers, restraints, opportunities, and useful insights. The hypodermic needles market report provides current and future revenue (US$ Mn) for each of these segments for the period from 2017 to 2031, considering 2020 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2021 to 2031, along with market size estimations.

Regional Overview: Hypodermic Needles Market

In terms of region, the global hypodermic needles market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries and sub-regions.
North America accounted for the largest share of the global hypodermic needles market in 2020, and the trend is projected to continue during the forecast period. Growth of the hypodermic needles market in the region can be ascribed to the presence of major players, significant healthcare expenditure, early availability of new techniques, and increase in research activities across the country.

Asia Pacific is anticipated to gain market share during the forecast period. Product launches, acquisitions, distribution agreements, alliances, and geographical expansion by local players, especially in China and India, are expected to propel the hypodermic needles market in the region.
Current and future market sizes in terms of value (US$ Mn) of these regional markets and major countries have been provided in the report for the period from 2017 to 2031, along with CAGRs for the period from 2021 to 2031.

The study also offers a list of recommendations, highlights, and useful insights of the market, which are likely to help new companies willing to enter the market and existing companies to increase market share, and in the decision-making process

Major Players

The report concludes with the company profiles section that includes key information about the major players in the global hypodermic needles market
Leading players analyzed in the report are
Becton
Dickinson and Company
B. Braun Melsungen AG
Medtronic
Smiths Medical
Cardinal Health
Novo Nordisk
Medline Industries, Inc.
Terumo Medical Corporation
Cadence Science
Exelint International, Co.

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