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Hypodermic Needles Market Is Projected To Reach US$ 8.50 Billion By 2033

06-13-2023 10:46 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Hypodermic Needles Market

Hypodermic Needles Market

Increasing at a CAGR of 4%, the global hypodermic needles market is valued at US$ 5.74 billion in 2023 and is thus projected to reach US$ 8.50 billion by the end of 2033. An increasing number of dental surgeries and the rising prevalence of chronic disorders are majorly driving the sales of hypodermic needles.

A hypodermic needle is a thin hollow metallic tubing instrument with a sharp edge that is used to inject medicines into the body system or extract fluids from the body, such as blood. Hypodermic needles are used in various procedures, including dental procedures, surgeries, drug delivery, vaccinations, and blood collection. The syringe comprises three components, including a long shaft, a bevel, and a hub, into which the needle is inserted.

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Market Players: -

Terumo Corporation
BD
Cardinal Health
Medline Industries, Inc
Hindustan Syringes & Medical Devices Ltd
B. Braun Melsungen AG
Hitech Syringes
NIPRO Medical Corporation
Vita Needle Company
Vygon SA
NeedleTech Products, Inc
ISCON SURGICALS LTD.
McKesson Corporation
Connecticut Hypodermics Inc
EXELINT International, Co
Retractable Technologies, Inc
The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.

Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.

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Key Segments of Hypodermic Needles Industry Research

By Product :
Safety
Non-safety

By Material :
Stainless Steel
Plastic

By Application :
Drug Delivery
Vaccination
Blood Specimen Collection

By End User :
Hospitals
Diagnostic Centers
Home Healthcare

What Do You Get in a Fact.MR Study?

Factors affecting the overall development of the global Hypodermic Needles Market
Factor that might restrain the growth of the global market in the coming years of the forecast period.
What is present competitive scenario of the global Hypodermic Needles Market and its intricate details concerning potential business prospects of leading market players
Pricing strategies of several different market players in the global Hypodermic Needles Market

Regional analysis includes

North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
EU - (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

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How Fact.MR Assists in Making Strategic Moves?

The data provided in the Hypodermic Needles Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Competitive Landscape

According to Fact.MR, a market research and competitive intelligence provider, key players in the hypodermic market are focusing on developing advanced needles to maintain market position and earn more. Mergers, acquisitions, regional expansion, increasing local supply, and new product developments are some of the tactics adopted by the leading companies in the market.

Micro-Tech Endoscopy introduced the PinPoint Injection Needle in October 2020.
To prevent the plunger from being pulled out, Terumo Corporation has introduced hypodermic syringes with inbuilt plunger stops.

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