The hypodermic needles market share is forecast to reach USD 1,913.12 million, after growing at a CAGR of 7.43% during 2023-2027. The market expansion in emerging economies is analyzed to boost the addictions therapeutics market growth. Moreover, the introduction of user-friendly features in hypodermic needles is the major trend enhancing the overall market demand for hypodermic needles during the forecast period.
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Browse Technavio's 165-page report and in-depth TOC on "The Hypodermic Needles Market by product (safety needles and non-safety needles), end-user (hospitals and clinics, ASCs, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)).
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Product:
Safety Needles: The market share growth by the safety needles segment will be significant during the forecast period. Continuous technological advances and innovations in the development of multi-safety needles drive the growth of the segment.
Non-safety Noodles
Geography:
North America: 39% of market growth will develop from North America during the forecast period. Thus, increasing treatments and checkups in clinics and hospitals will drive the demand for hypodermic needles, which will further boost the growth of the hypodermic needles market in North America during the forecast period.
Europe
Asia
Rest of World (ROW)
End-user:
Hospitals and clinics
ASCs
Others
The hypodermic needles market size will witness a YOY Growth Rate of 6.65% in 2023.
The high cost of safety needles will be a major challenge for the hypodermic needles market during the forecast period.
Major key hypodermic needles market players include: B. Braun SE, Becton Dickinson and Co., Cadence Inc., Cardinal Health Inc., Connecticut Hypodermics Inc., DeRoyal Industries Inc., EXELINT International Co., Hamilton Bonaduz AG, Hindustan Syringes and Medical Devices Ltd., Hi-Tech Medics Pvt Ltd., Iscon Surgicals Ltd., Medline Industries LP, Medtronic Plc, Nipro Medical Corp., Novo Nordisk AS, Retractable Technologies Inc., Smiths Group Plc, Terumo Medical Corp., Vita Needle Co., and Vygon SAS
The report illustrates the lifecycle of the market, focusing on the adoption rates of the major regions such as North America, Europe, Asia, and Rest of World (ROW).
Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2023-2027.
CAGR of the hypodermic needles market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the hypodermic needles market share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the hypodermic needles market.
Hypodermic needles industry growth across North America, Europe, Asia, and Rest of World (ROW).
