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Projected Groth in Hypodermic Syringes And Needles Market: Key Trends, Market Share, and Projected CAGR by 2029
Projected Groth in Hypodermic Syringes And Needles Market
What Is The Projected Market Size Of The Global Hypodermic Syringes And Needles Market And Its Growth Rate?
Expectation of steady growth in the Hypodermic Syringes and Needles market is seen, as key statistics reveal:
• Growth from $7.01 billion in 2024 to $7.19 billion in 2025 (CAGR of 2.5%)
• Projected to reach $8.74 billion in 2029 (CAGR of 5.0%)
The growth is attributed to biologics and biosimilars, home healthcare trends, increasing diabetes cases, focus on infection control, drug delivery devices for chronic conditions, and e-commerce growth in medical supplies.
What Is Driving The Growth In The Hypodermic Syringes And Needles Market?
The rise in chronic diseases, primarily due to factors such as aging populations, unhealthy lifestyles, and increased risk factors like obesity and sedentary behavior, are driving the growth of the hypodermic syringes and needles market. Hypodermic syringes and needles are being used increasingly to administer medications, vaccines, and biological therapies to effectively manage these diseases.
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Who Are the Key Players Driving Hypodermic Syringes And Needles Market Growth?
Key players in the market include:
• Becton Dickinson And Company
• B. Braun Melsungen AG
• Cardinal Health Inc.
• Smiths Medical Inc.
• Terumo Corporation
• Nipro Corporation
• Medline Industries LP
• EXELINT International Co.
• Vitrex Medical A/S
• Gerresheimer AG
• Teleflex Incorporated
• Catalent Pharma Solutions
• DeRoyal Industries Inc.
• Hospira Inc.
• Owen Mumford Inc.
• Covidien plc
• Schott AG
• Codan Medizinische Geräte GmbH & Co. KG
• Helapet Ltd.
• Vygon S.A.
• Medtronic plc
• Argon Medical Devices Inc.
What Are The Key Trends In The Hypodermic Syringes And Needles Market?
Key trends showing potential impact on the market growth include:
• Sustainable packaging
• Technological advances in needle safety
• Pre-filled syringes and autoinjectors
• Telehealth and remote medication administration
• Strategic partnerships in manufacturing
What Are The Segments Of The Global Hypodermic Syringes And Needles Market?
Segments of the Hypodermic Syringes And Needles market include:
• Type: Syringes, Needles
• Usability: Disposable, Re-Usable
• Application: Blood Collection, Drug Delivery, Vaccination, Insulin Administration, Other Applications
• End-Use: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Other End-Uses
Which Region Leads The Hypodermic Syringes And Needles Market?
North America led the hypodermic syringes and needles market in 2024 with the highest share. Other regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Hypodermic Syringes And Needles Market Global Market Report?
- Market Size Analysis: Analyze the Hypodermic Syringes And Needles Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hypodermic Syringes And Needles Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hypodermic Syringes And Needles Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hypodermic Syringes And Needles Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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