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Hypodermic Needles Market Projected to Reach $4.5 Billion by 2030 | CAGR of 3.4%

03-11-2024 11:27 AM CET | Health & Medicine

Press release from: Allied Market Research (AMR)

/ PR Agency: Allied Market Research (AMR)
Hypodermic Needles Market Projected to Reach $4.5 Billion

The global hypodermic needles market, a critical component of medical procedures for drug delivery, vaccination, and blood specimen collection, is set to achieve unprecedented growth. Valued at $3.3 billion in 2020, the market is projected to surge to $4.5 billion by 2030, demonstrating a steady Compound Annual Growth Rate (CAGR) of 3.4% from 2020 to 2030.


๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/1868

๐‡๐ฒ๐ฉ๐จ๐๐ž๐ซ๐ฆ๐ข๐œ ๐๐ž๐ž๐๐ฅ๐ž๐ฌ: ๐•๐ข๐ญ๐š๐ฅ ๐“๐จ๐จ๐ฅ๐ฌ ๐ข๐ง ๐‡๐ž๐š๐ฅ๐ญ๐ก๐œ๐š๐ซ๐ž

Hypodermic needles, both safety and non-safety variants, play a pivotal role in medical settings for administering drugs, conducting vaccinations, and collecting blood specimens. The market's trajectory is influenced by factors such as needlestick injuries, prevalent chronic infectious diseases, and the global demand for vaccinations.

๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก:

โ–บ Needlestick Injuries: Needlestick injuries, a significant concern among healthcare professionals, are a leading cause of blood-borne diseases. The market is driven by the urgent need to address these injuries and enhance safety mechanisms.

โ–บ Prevalence of Chronic Infectious Diseases: The increase in chronic infectious diseases, such as Hepatitis B and Hepatitis C, propels the demand for hypodermic needles. According to the World Health Organization, millions of people suffer from chronic hepatitis B infections, emphasizing the necessity for safe and effective medical tools.

โ–บ Global Vaccination Initiatives: Hypodermic needles play a crucial role in administering vaccines. With the global administration of COVID-19 vaccines surpassing billions of doses, the demand for hypodermic needles is expected to escalate further.

๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/1868


๐‡๐ž๐š๐ฅ๐ญ๐ก๐œ๐š๐ซ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž ๐š๐ง๐ ๐๐ž๐ž๐๐ฅ๐ž๐ฌ๐ญ๐ข๐œ๐ค ๐ˆ๐ง๐ฃ๐ฎ๐ซ๐ข๐ž๐ฌ:

The World Health Organization reports that healthcare workers face significant risks of work-related infections, including hepatitis B, hepatitis C, and HIV, due to exposure to contaminated needlesticks and sharp injuries. These injuries highlight the critical importance of safety measures in hypodermic needles.


๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

โ—‰ Products: Safety Hypodermic Needles, Non-safety Hypodermic Needles

โ—‰ Applications: Drug Delivery, Vaccination, Blood Specimen Collection

โ—‰ End Users: Hospital, Diabetic Patients, Family Practitioners, Psychiatry, Others

โ—‰ Regions: North America, Europe, Asia-Pacific, LAMEA

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Major industry players contributing to the growth of the global hypodermic needles market include Connecticut Hypodermics Inc., McKesson Corporation, Retractable Technologies, Inc., Terumo Medical Corporation, Exelint International Co., Nipro Corporation, B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health Inc., and Hitech Syringes.

๐Š๐ž๐ฒ ๐๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ ๐Ÿ๐จ๐ซ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ:

โžคMarket Insights: Comprehensive analysis of market segments, current trends, and dynamics to identify prevailing opportunities.

โžคStrategic Decision-Making: Porter's five forces analysis assists stakeholders in making profit-oriented business decisions and strengthening their supplier-buyer network.

โžคRegional Mapping: Major countries in each region are mapped according to their revenue contribution to the global market.

โžคGlobal Trends and Growth Strategies: In-depth analysis of global market trends, key players, application areas, and growth strategies.

๐€๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐จ๐Ÿ ๐‡๐ฒ๐ฉ๐จ๐๐ž๐ซ๐ฆ๐ข๐œ ๐๐ž๐ž๐๐ฅ๐ž๐ฌ:

As the global healthcare landscape evolves, hypodermic needles stand as essential tools in addressing health challenges. The market's growth underscores the industry's commitment to innovation, safety, and the well-being of healthcare professionals and patients alike.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง: https://www.alliedmarketresearch.com/request-for-customization/1868

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

David Correa

Wilmington, Delaware, United States

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help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐€๐ฅ๐ฅ๐ข๐ž๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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