Global Hypodermic Needles Market 2019-2023
About this market
Introduction of user-friendly features in hypodermic needles to drive growth in the market. Advances in technology have paved the way for the development of hypodermic needles with user-friendly features such as shorter needles. fine gauge needles for lesser pain. and the absence of recapping to reduce infection exposure. The user-friendly features in hypodermic needles assist patients in self-administering medicine effectively and evenly to the subcutaneous tissue without deeper layer penetration. thereby reducing tissue damage. Technavio’s analysts have predicted that the hypodermic needles market will register a CAGR of almost 7% by 2023.
Market expansion in emerging economies
The demand for hypodermic needles is increasing in emerging countries like China, India, and Brazil. Factors such as rising chronic illness, increase in annual income levels of people, increasing awareness of healthcare devices among people, increasing investments in private healthcare sector, government initiatives for the development of healthcare sector, and increasing research on complex diseases such as Alzheimer's disease and multiple sclerosis and their biological mechanisms drive the market in these countries.
Infection issues associated with use of hypodermic needles
Needles with syringes are more common y use in healthcare settings such as hospitals, clinics, diagnostic centers. and ASCs for the diagnosis, prevention, and treatment of infectious diseases. However, exposure to infectious disease due to unsafe injection practices remains a pressing issue.
For the detailed list of factors that will drive and challenge the growth of the hypodermic needles market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Smiths Group and TERUMO the competitive environment is quite intense. Factors such as the market expansion in emerging economies and the introduction of user-friendly features in hypodermic needles, will provide considerable growth opportunities to hypodermic needles manufactures. B. Braun Melsungen, BD, Cardinal Health, Retractable Technologies, Smiths Group, and TERUMO are some of the major companies covered in this report.
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