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Global Hypodermic Needle Market Size, Share, Development, Growth and Demand Forecast to 2022  Industry Insights by Type, by End User

Global Hypodermic Needle Market Size, Share, Development, Growth and Demand Forecast to 2022 Industry Insights by Type, by End User

  • December 2016
  • 143 pages
  • ID: 4713796
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Hypodermic needles are hollow needles, which are attached with hypodermic syringes for injecting and extracting fluids from the body. These needles are long cylindrical devices having a puncturing point at the tip to pierce patient’s skin. It is available in various gauge and length combination. These needles can be disposable, as well as reusable. The reusable needles are used by individuals, such as diabetes patients, to administer their own insulin shots. The reusable needles need to be sterilized before use, as they may lead to various infections, or transmit diseases if they are not clean. It also has important role in research environments and reduce contamination during inoculation of a sterile substrate.

Hypodermic Needle Market

Hypodermic needles are mainly of two types – safety hypodermic needle and non-safety hypodermic needle. Safety hypodermic needles have safety mechanism to prevent healthcare professional from exposure to needle stick injuries. However, the non-safety hypodermic needles refer to the conventional syringe needles which lacked safety mechanisms, and have higher chances of needle stick injuries. The safety hypodermic needles are retractable and non-retractable, where retractable hypodermic needles held larger share in the global safety hypodermic needle market, owing to the increasing compliance for automatic safety mechanism in hypodermic needles or syringes and increasing incidences of needle stick injuries.

The global hypodermic market is expected to grow at a CAGR of 7.4% during 2016 - 2022. The growing geriatric population, increasing prevalence of chronic and lifestyle associated diseases, increasing demand for vaccines, and increasing compliance for safety needles are the key factors driving the growth of the global market. The innovation for safety from needle stick is the major concern for regulatory bodies, as the number of logged needle stick injuries in healthcare workers is high. Therefore, new regulation in various regions would mandate the complete use of safety hypodermic needle to prevent needle stick injuries. For instance, WHO hosts and coordinates the Safe Injection Global Network (SIGN) to promote and sustain injection safety worldwide.

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 market.

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 market 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.

Some of the players operating in the global 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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