"Hypodermic Needles Market – Industry Trends and Forecast to 2028
Global Hypodermic Needles Market, By Product Type (Safety Hypodermic Needles, Non-Safety Hypodermic Needles), Application (Drug Delivery, Vaccination, Blood Specimen Collection), End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Diabetic Patients, Family Practices, Psychiatrics, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Hypodermic needles market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 8.3% in the above-mentioned forecast period.
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Hypodermic needles are basically the hand-operated device classified under the category of medical needle attached to syringe is a very thin, hollow tube with one sharp tip. It is designed to extract or drug delivery, blood specimen collection and vaccination, which consist of a very minute opening at one end to extract or deposit fluids in the body. These needles directly enter the blood stream by inserting into the skin.
**Segments**
- **Product Type**: The hypodermic needles market can be segmented based on product type into safety needles and conventional needles. Safety needles are gaining traction in the market due to their risk-reducing features such as automatic or manual needle retraction mechanisms to prevent needlestick injuries. On the other hand, conventional needles are the traditional type of needles used for administering medications.
- **Material**: Another important segment in the hypodermic needles market is the material used for manufacturing the needles. This can include stainless steel needles, plastic needles, and glass needles. Stainless steel needles are preferred for their durability and sharpness, while plastic needles are ideal for certain specialized applications. Glass needles are used in specific scientific and laboratory settings.
- **End User**: The end-user segment of the hypodermic needles market includes hospitals and clinics, ambulatory surgical centers, diabetic care centers, and others. Hospitals and clinics are the major end users of hypodermic needles due to the high patient footfall for various medical procedures. Ambulatory surgical centers are also significant users of hypodermic needles for outpatient surgeries.
**Market Players**
- **Becton, Dickinson and Company**: A renowned player in the hypodermic needles market, Becton, Dickinson and Company offers a wide range of hypodermic needles catering to different healthcare needs. The company focuses on innovation and product quality to maintain its competitive position in the market.
- **Terumo Corporation**: Terumo Corporation is another key player in the hypodermic needles market known for its high-quality medical devices, including hypodermic needles. The company's focus on research and development ensures a constant flow of advanced needle technologies.
- **Smiths Medical**: Smiths Medical is a player that offers a diverse portfolio of hypodermic needles for various medical applications. The company emphasizes user safety, product efficacy, and patient comfort in its needle design and manufacturing processes.
- **Covidien plcThe hypodermic needles market is a dynamic and evolving sector driven by factors such as technological advancements, increasing prevalence of chronic diseases, growing demand for minimally invasive procedures, and rising emphasis on patient and healthcare worker safety. Market players like Becton, Dickinson and Company, Terumo Corporation, and Smiths Medical play a significant role in shaping the landscape of the market with their innovative product offerings and strategic initiatives. These companies are continuously focusing on research and development to introduce advanced needle technologies that enhance patient comfort, improve efficacy, and ensure user safety.
Becton, Dickinson and Company, a prominent player in the hypodermic needles market, is well-positioned due to its diverse product portfolio and strong focus on product quality and innovation. The company's commitment to addressing the evolving healthcare needs of consumers and healthcare providers has enabled it to maintain its competitive edge in the market. Becton, Dickinson and Company's emphasis on user safety features in its safety needles has garnered positive attention from hospitals, clinics, and other end users.
Terumo Corporation, another key player in the hypodermic needles market, stands out for its high-quality medical devices, including hypodermic needles. The company's investment in research and development contributes to the continuous improvement of its needle technologies, ensuring that it meets the changing demands of the healthcare industry. Terumo Corporation's reputation for reliability and innovation positions it as a preferred choice among healthcare professionals and institutions seeking top-notch medical devices.
Smiths Medical is a player that offers a wide range of hypodermic needles tailored for various medical applications. The company's commitment to user safety, product efficacy, and patient comfort underscores its dedication to delivering high-quality healthcare solutions. Smiths Medical's emphasis on understanding the needs of healthcare providers and patients enables it to develop innovative needle designs that align with industry standards and regulations.
In conclusion, the hypodermic needles market continues to witness growth and innovation driven by the relentless efforts of key market players such as B**Segments:**
- **Product Type**: The hypodermic needles market is segmented based on product type into safety needles and conventional needles. Safety needles are increasingly preferred due to their risk-reducing features such as automatic or manual retraction mechanisms. Conventional needles, though traditional, are still widely used for medication administration purposes.
- **Material**: The material segment in the hypodermic needles market includes stainless steel needles, plastic needles, and glass needles. Stainless steel needles are valued for their durability and sharpness, while plastic needles are suited for specialized applications. Glass needles find application in scientific and laboratory settings.
- **End User**: End users of hypodermic needles encompass hospitals, clinics, ambulatory surgical centers, diabetic care centers, and others. Hospitals and clinics represent major users of hypodermic needles due to the high volume of medical procedures. Ambulatory surgical centers also rely on hypodermic needles for outpatient surgeries.
**Market Players:**
- **Becton, Dickinson and Company**: A leading player in the hypodermic needles market, Becton, Dickinson and Company offers a diverse range of hypodermic needles tailored to various healthcare requirements. The company's focus on innovation and product quality helps in maintaining competitiveness.
- **Terumo Corporation**: Known for its high-quality medical devices, including hypodermic needles, Terumo Corporation remains a key player in the market. The company's emphasis on research and development ensures a continued flow
Hypodermic Needles Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Hypodermic Needles Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
Table of Contents: Hypodermic Needles Market
1 Introduction
2 Global Hypodermic Needles Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Hypodermic Needles Market, by Product Type
7 Hypodermic Needles Market, by Modality
8 Hypodermic Needles Market, by Type
9 Hypodermic Needles Market, by Mode
10 Hypodermic Needles Market, by End User
12 Hypodermic Needles Market, by Geography
12 Hypodermic Needles Market, Company Landscape
13 Swot Analysis
14 Company Profiles
Critical Insights Related to the Hypodermic Needles Included in the Report:
- Exclusive graphics and Illustrative Porter’s Five Forces analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
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