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Hypodermic Syringes And Needles Market Size Forecasted To Achieve $8.74 Billion By 2029 With Steady Growth
Hypodermic Syringes And Needles
What Is the Hypodermic Syringes And Needles Market Size and Projected Growth Rate?
The Hypodermic Syringes And Needles Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Hypodermic Syringes And Needles Market Size and Projected Growth Rate?
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What Are the Major Segments in the Hypodermic Syringes And Needles Market?
The hypodermic syringes and needles market covered in this report is segmented -
1) By Type: Syringes, Needles
2) By Usability: Disposable, Re-Usable
3) By Application: Blood Collection, Drug Delivery, Vaccination, Insulin Administration, Other Applications
4) By End-Use: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Other End-Uses
Subsegments:
1) By Syringes: Disposable Syringes, Reusable Syringes, Safety Syringes
2) By Needles: Standard Needles, Safety Needles, Prefilled Needles, Specialty Needles
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What Are The Driving Hypodermic Syringes And Needles Market Evolution?
The hypodermic syringes and needles market is projected to expand due to the rising incidence of chronic diseases. This increase can be traced back to a variety of sources, including aging populations, unhealthy living habits, environmental impacts, and a greater frequency of risk factors such as obesity and physical inactivity. Hypodermic syringes and needles play a critical role in managing chronic diseases by enabling accurate medication, vaccine, and biological therapy administration for precise dosage and delivery. For instance, the Australian Institute of Health and Welfare, an independent Australian Government agency that collects and disseminates health and welfare statistics for Australians, reported in June 2024 that about 15.4 million people, or 61%, were reported to have at least one of the chosen long-term health conditions in 2022. Thus, the increased prevalence of chronic diseases is anticipated to fuel the growth of the hypodermic syringes and needles market.
Which Firms Dominate The Hypodermic Syringes And Needles Market Segments?
Major companies operating in the hypodermic syringes and needles 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 Trends Are Expected to Dominate the Hypodermic Syringes And Needles Market in the Next 5 Years?
The hypodermic syringes and needles market is witnessing advancements in terms of safety features by leading companies to establish a strong market presence. These companies are specifically focusing on the development of improved passive safety needles, an injection needle variant that comes with an automatic safety device that shields the needle tip after use. This prevents needlestick injuries without necessitating any extra steps from the medical staff. Take for instance, the MTD Group, a medical technology firm based in Italy. In January 2023, they achieved FDA approval for their innovative product called DropSafe Sicura, a passive safety needle. Designed for subcutaneous and intramuscular drug or vaccine administration, this product aims to eradicate needlestick injuries amongst healthcare professionals. It comes with an auto-lock transparent shield that gets activated after the injection, ensuring more safety during injections without the need for manual activation.
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Which Is The Largest Region In The Hypodermic Syringes And Needles Market?
North America was the largest region in the hypodermic syringes and needles market in 2024. The regions covered in the hypodermic syringes and needles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hypodermic Syringes And Needles Market?
2. What is the CAGR expected in the Hypodermic Syringes And Needles Market?
3. What Are the Key Innovations Transforming the Hypodermic Syringes And Needles Industry?
4. Which Region Is Leading the Hypodermic Syringes And Needles Market?
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