Hypodermic Needle Market And its Growth prospect in the Near Future

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Global Hypodermic Needle Market Expected to Grow
at 7.4 CAGR During 2016 2022
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Hypodermic Needle Market
The global hypodermic needles market is expected
to grow at a CAGR of 7.4 during 2016 - 2022. The
growth of the global market is largely driven by
the high demand for vaccines and increasing
compliance of safety needles. High prevalence of
needle stick injuries during drug administration
is a key concern for healthcare providers across
the globe. Improper disposal of syringe and
needles is creating the demand for advanced
safety mechanisms in hypodermic needles.
Globally, approximately 16 billion injections are
administered every year as per the World Health
Organization (WHO) however, all the syringes and
needles are not properly disposed of. Therefore,
several benefits of safety needles such as ease
of use during injection and safe delivery of drug
or medication are increasing their popularity
among healthcare providers. Explore Report with
Detailed TOC on Global Hypodermic Needle Market
at https//www.psmarketresearch.com/market-analys
is/hypodermic-needles-market
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Hypodermic Needle Market
Healthcare providers along with patients are
getting aware about safety in drug delivery
through syringes. This has created huge traction
in the global market for developing advanced
safety hypodermic needles with automatic
features. Some of the other factors driving the
growth of the global market include increasing
prevalence of chronic and lifestyle associated
diseases, and geriatric population. Increasing
adoption of hypodermic needles in emerging
economies is expected to create ample growth
opportunities for the global market. However,
alternative drug delivery method and high cost of
hypodermic needles are the key barriers for the
growth of the global market. The market for
safety needles was larger than non-safety
hypodermic needles in 2015 and it is also
expected to witness higher growth during the
forecast period. 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.
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Hypodermic Needle Market
North America led the global hypodermic needle
market in terms of size in 2015, owing to the
increasing awareness of safe injectable
technology, and increasing prevalence of chronic
and lifestyle associated diseases. The U.S.
contributed largest revenue to the North American
as well as the global hypodermic needle market.
The country is expected to remain the largest
market for hypodermic needle globally during the
forecast period. The information and data in the
publication Global Hypodermic Needle Market
Size, Share, Development, Growth and Demand
Forecast to 2022, represents the research and
analysis of data from various primary and
secondary sources. An amalgamation of bottom-up
and top-down has been used to calculate the
market size. PS Market Research analysts and
consultants interacted with leading companies of
the concerned domain to substantiate every value
of data presented in the report. The company
bases its primary research on discussions with
prominent professionals and analysts in the
industry, which is followed by informed and
detailed, online and offline research.
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Hypodermic Needle Market
Among the different end users, hospitals were the
largest user of hypodermic needles in 2015. High
prevalence of chronic diseases, improving
regulations for safety hypodermic needles,
increasing government initiatives and geriatric
population are the key drivers for the global
hypodermic needle market in hospitals. 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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Hypodermic Needle Market
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ypodermic-needles-market/report-sample
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