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Global Hypodermic Needle Market is Driven by Increasing Compliance for Safety Needles
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The global safety hypodermic market is primarily driven by the increasing awareness for safety while drug delivery through syringes, technological advancements for the development of user friendly safety features in hypodermic needles, and high prevalence of needle stick injuries. The safety needles have two modes of activation – passive and active, where passive hypodermic needle led the global safety hypodermic needle market in 2015. The passive hypodermic needle is also expected to witness higher growth during the forecast period due to its several advantages over conventional hypodermic needles. Automatic safety mechanisms and ease of use are the key growth drivers for the global passive hypodermic needle industry.
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Geographically, North America accounted for the largest hypodermic needle market in 2015 and it is expected to grow at a considerable rate during the forecast period. The factors driving the hypodermic needle industry in the region are increasing awareness of safe injectable technology, and increasing prevalence of chronic and lifestyle associated diseases. Europe was the second largest market for hypodermic needles in 2015.The hypodermic needle market is expected to witness the fastest growth in Asia-Pacific, during the forecast period. The highest growth in the region is attributed to the improving healthcare infrastructure and increasing awareness regarding safe usage of needle or syringe. China is expected to be the fastest growing market for hypodermic needle globally during the forecast period.
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Some of the players operating in the hypodermic needle market include Vygon S.A., Catalent, Inc., Terumo Corporation, Retractable technologies, Inc., Connecticut Hypodermics, Inc., MedPro Safety Products Inc., B. Braun Melsungen AG, Albert David Ltd., Becton, Dickinson and Company, and Medtronic plc.
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