Global Hypodermic Needles Market 2016-2020
About Hypodermic Needles
A hypodermic needle is an integral part of healthcare for parenteral drug delivery and has been in regular use globally for more than five decades. The global hypodermic needles market has been witnessing continuous technological innovations and developments over the years.
Technavio’s analysts forecast the global hypodermic needles market to grow at a CAGR of 6.83% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global hypodermic needles market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of hypodermic needles.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hypodermic Needles Market 2016-2020
Technavio recognizes the following companies as the key players in the global hypodermic needles market: BD, Medtronic, Retractable Technologies, Terumo Medical Corporation, and Smiths Medical
Other Prominent Vendors in the market are: Albert David, B. Braun Melsungen, C.R Bard, Catalent Pharma Solutions, Connecticut Hypodermics, DeRoyal, Exel International, Hamilton Syringes & Needles, Hindustan Syringes & Medical Devices Limited, Hi-Tech Syringes, International Medsurg Connection, MedPro Safety Products (MPSP), Needletech Products, Nipro Medical, Novo Nordisk, Revolutions Medical Corporation, Safety Medical Supply, Simply Surgicals, SOL-MILLENIUM, Unilife Corporation, Vigmed, Vita Needle Company, and Vygon
Commenting on the report, an analyst from Technavio’s team said: “Governments worldwide have begun implementing legislation that limits the frequency of NSIs. With enforcement of these legislations, healthcare and pharmaceutical markets across the world are now transitioning to the mandatory use of safety needles/syringes to help protect those at risk of infection from NSIs and other unsafe injection practices. These compulsory regulations will have a huge impact and will increase the market size of global hypodermic needles. Legislations now mandate employers within the industry to implement formal written exposure control plans and actively involve frontline HCWs in the selection of safe needle devices. The legislation also requires employers to create and maintain sharps injury logs containing detailed information on the type, brand, and manufacturer of devices associated with such injuries.”
According to the report, NSIs are the major cause for blood-borne diseases among healthcare workers around the world. Due to unsafe injection practices, annually 3 million healthcare workers are exposed to blood-borne infectious diseases. As per the WHO, almost 40% of Hepatitis B, Hepatitis C, and 5% of HIV/AIDS affecting healthcare workers globally are due to NSIs. Various studies conducted globally in different hospitals show that half of the injuries occur during the needle use among which more than 30% are from re-used needles, while around 25% injuries occur during needle disposal. Further, only 25% of the injured healthcare workers report to the appropriate authority. These rising incidences of NSIs have caused huge awareness not only among the governments of the countries but also among the healthcare professionals.
Further, the report states that a majority of safety hypodermic needles require moderate usage training, which is time-consuming and labor intensive. Typically, before introducing these types of devices in hospital facilities, appropriate training tools (e.g., video, literature) and training materials need to be provided regarding the device usage. Thus, improper training may lead to improper use of the device and misjudgment of the dead space, thereby causing NSIs.
BD, Medtronic, Retractable Technologies, Terumo Medical Corporation, Smiths Medical, Albert David, B. Braun Melsungen, C.R Bard, Catalent Pharma Solutions, Connecticut Hypodermics, DeRoyal, Exel International, Hamilton Syringes & Needles, Hindustan Syringes & Medical Devices Limited, Hi-Tech Syringes, International Medsurg Connection, MedPro Safety Products (MPSP), Needletech Products, Nipro Medical, Novo Nordisk, Revolutions Medical Corporation, Safety Medical Supply, Simply Surgicals, SOL-MILLENIUM, Unilife Corporation, Vigmed, Vita Needle Company, Vygon.
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