Latest News- Hypodermic Needles Market: Safety needles is expected to lead the Product segment during 2025-2029

The Hypodermic Needles Market is being driven by Increasing target population requiring hypodermic needles

The Hypodermic Needles Market is expected to grow at a CAGR of 8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2379.4 million. The global hypodermic needles market is experiencing significant growth, driven by the increasing demand for vaccines and chronic illness treatments in both developed and emerging economies. With expanding vaccination programs aimed at combating infectious diseases and promoting public health initiatives, there is a heightened need for sterile, precise, and safe needle-based drug delivery systems. This growth is underpinned by a 38% increase in global vaccination rates and a 44% rise in chronic illness injections. Furthermore, the adoption of safety-engineered needles to prevent needlestick injuries and advancements in technology, such as smart injector systems and micro-needle innovations, are revolutionizing the market landscape. The emphasis on preventive care and routine immunizations in hospitals, clinics, and home healthcare settings is also fueling demand. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Safety needles
  • Non-safety needles
• End-user
  • Hospitals and clinics
  • ASCs
  • Others
• Application
  • Drug delivery
  • Vaccination
  • Blood specimen collection
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing target population requiring hypodermic needles
• Increasing compliance of safety needles
• Market expansion in emerging economies

However, the market also witnesses some limitations, which are as follows:

• Availability of alternatives such as needle-free or minimally invasive delivery devices
• Infection issues associated with use of hypodermic needles
• High cost of safety needles

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Market Scope in Hypodermic Needles Market Research Report

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Research Analysis Overview

The Hypodermic Needles Market encompasses various aspects of needle design and manufacturing, including needle hub integrity, tip configuration impact, material fatigue analysis, sterility validation methods, manufacturing defects analysis, needle design optimization, bioburden reduction methods, insertion angle influence, needle penetration dynamics, surface roughness effects, point shape optimization, needle shaft dimensions, cannula wall thickness, sheath lubrication studies, quality assurance protocols, material degradation analysis, sterilization efficacy testing, injection site reactions, patient safety features, reduced pain perception, improved drug delivery, needle disposal methods, and environmental impact assessment. These factors play a significant role in ensuring the safety, efficacy, and sustainability of hypodermic needles for medical applications.

Market Research Overview

The global healthcare supplies market encompasses businesses involved in the research and development of a wide range of medical consumables, including hypodermic needles. Technavio's market analysis calculates the market size based on the collective revenue generated by manufacturers of medical supplies, such as syringes, drapes, gloves, gowns, and needles. Factors driving growth in this sector include the increasing aging population, with nearly one-quarter of the US population projected to be over 60 years old by 2050, and Europe reaching a similar demographic milestone by 2030. Key considerations within the hypodermic needle segment include needle gauge sizes, sharpness testing, hub designs, and bevel angles, which significantly impact the overall efficacy and safety of these essential medical tools.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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