Press release
Hypodermic Needles Market Projected to Reach $4.5 Billion by 2030 | CAGR of 3.4%
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 2030.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/1868
๐๐ฒ๐ฉ๐จ๐๐๐ซ๐ฆ๐ข๐ ๐๐๐๐๐ฅ๐๐ฌ: ๐๐ข๐ญ๐๐ฅ ๐๐จ๐จ๐ฅ๐ฌ ๐ข๐ง ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐
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.
๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก:
โบ 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.
โบ 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.
โบ 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.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/1868
๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐๐ง๐ ๐๐๐๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ค ๐๐ง๐ฃ๐ฎ๐ซ๐ข๐๐ฌ:
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.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
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
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ:
โคMarket Insights: Comprehensive analysis of market segments, current trends, and dynamics to identify prevailing opportunities.
โคStrategic Decision-Making: Porter's five forces analysis assists stakeholders in making profit-oriented business decisions and strengthening their supplier-buyer network.
โคRegional Mapping: Major countries in each region are mapped according to their revenue contribution to the global market.
โคGlobal Trends and Growth Strategies: In-depth analysis of global market trends, key players, application areas, and growth strategies.
๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐จ๐ ๐๐ฒ๐ฉ๐จ๐๐๐ซ๐ฆ๐ข๐ ๐๐๐๐๐ฅ๐๐ฌ:
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.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: https://www.alliedmarketresearch.com/request-for-customization/1868
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฅ๐ฅ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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Due to the increasing incidence of chronic and lifestyle-associated diseases and the surging population of geriatric people, the global hypodermic needle market is expected to exhibit huge expansion in the coming years. Furthermore, the increasing concerns being raised over the escalating prevalence of needlestick injuries are also propelling the expansion of the market. According to the estimates of the market research company, P&S Intelligence, the market will progress at aโฆ
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The global hypodermic needles market is likely to exhibit robust growth. The increasing prevalence of chronic ailments and a rising geriatric population are the key factors boosting the market. The growth witnessed by this market is mainly driven by the role played by hypodermic needles in research activities. These needles also reduce the chances of contamination of fluid used during the injection of a sterile substrate.
Thisโฆ
Hypodermic Needles Market Progresses for Huge Profits by 2021
Hypodermic needles are hollow needles attached with hypodermic syringes to inject and extract samples from the body. Hypodermic needles play an important role in research environments and reduce contamination during inoculation of a sterile substrate.
Based on the safety features of the needle, the global hypodermic needles market is segmented into safety and non-safety needles. The safety needles segment is further sub-segmented into active and passive hypodermic needles. Active hypodermic needlesโฆ
