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Hypodermic Needles Market By Product (Safety Hypodermic Needles, Non-Safety Hypodermic Needles) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

A hypodermic needle is a hollow tube with a sharp tip that is commonly used with a syringe to inject or extract fluid from the body. Hypodermic needles are generally used for the rapid delivery of liquid, depending on the safety feature associated with hypodermic needles, which are further classified as safety and non-safety needles.

The report titled "Global Hypodermic Needles Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024" offers strategic insights into the overall hypodermic needles market, along with the market size and estimates for the duration of 2014 to 2024. The research study covers an in-depth analysis of market segments based on product type and different geographical regions.

In order to help strategic decision-makers, the report also includes sections on the competitive profiling of the leading players in the global hypodermic needle market, an attractive investment proposition, and the market positioning of key manufacturers. Other in-depth analysis provided in the report includes:

Geographically, the global market for hypodermic needles is studied for the following regional markets:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Middle East and Africa

The market size and forecast for these regional and country-level markets are presented in this study for the period 2014–2024. Market growth rates for the forecast period 2016–2024 are also included in this report, considering 2015 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global hypodermic needle market.

Tools such as key player market positioning and an appealing investment proposition provide readers with insights into the global hypodermic needle market's competitive scenario. This report concludes with a company profiles section that highlights major information about the key players engaged in the global hypodermic needle market. In-depth competitive environment analysis and historical 2014 market size data are also provided in the report.

Thus, the research study provides a holistic view of the global hypodermic needle market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

Based on the product type, the global hypodermic needles market is segmented as follows:

  • Safety of Hypodermic Needles
  • Active hypodermic needles
  • Manual
  • Semiautomatic
  • Passive hypodermic needles
  • Non-safety hypodermic needles

Hypodermic needles are hollow needles with sharp tips commonly used with a syringe to inject substances into the body and extract fluids from the body. On the basis of the safety features associated with the device, hypodermic needles are broadly segmented as "safety" and "non-safety" needles. In the base year 2015, it was observed that the safety needles market generated more than 80% of the revenue, as the price of safety needles is 3–4 times higher than non-safety needles, and there is legislation mandating the use of safety devices in the healthcare industry, hence influencing the safety needles market's growth.

Furthermore, rising awareness and adoption of the use of safety needles will drive market growth between 2016 and 2024. Non-safety needles such as B. Braun's American, Becton's PrecisionGlide, and others are unprotected devices that have a risk of harming the user; this would negatively impact market growth.

It is anticipated that non-safety needles will show a decline in market growth during the forecast period due to increased awareness and adoption of the use of safety needles. B-Braun, Becton Dickinson and Co., Covidien plc., and Terumo Corp. are some of the key players in the global safety and non-safety needles market, while Exel International is the key manufacturer of non-safety needles only.

On the basis of the user's requirement for intervention to activate the safety mechanism, the safety needles market is further segmented into active and passive (automatic) devices. Depending on the mechanism for activating this safety feature, active devices are further classified as manual and semiautomatic devices.

Currently, manual needles such as Covidien's Magellan, Becton's Eclipse, and others dominate the global safety needle market, as these needles are available at a low price compared to comparable semi-automated and passive (automatic) needle devices.

However, increasing compliance with semiautomatic and automatic/passive safety needles such as Becton's Integra, Vigmed Swing, Erasmo's K-Pack SurShield, and others will drive market growth during the forecast period.

For the purpose of this study, the hypodermic needles market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

A hypodermic needle is a hollow needle with a sharp tip commonly used with a syringe to inject substances into the body or extract fluids from the body. The global hypodermic needles market has been continuously developing, with several factors such as mandatory use of safety needles in some countries, rising population, and increasing healthcare demand influencing the market's growth continuously.

However, difficulties in the adoption of safety mechanisms by users and increasing needle-free injection devices may replace hypodermic needles in the future. In the base year of 2015, North America dominated the market in terms of value, and it is anticipated to grow steadily during the forecast period of 2016–2024. A higher price of hypodermic needles enforced legislation for the mandatory use of safety needles, and increased awareness in North America is influencing the market's growth.

Currently, the United States is the major revenue-contributing segment, followed by Canada. In terms of revenue, Europe is the second largest revenue-generating segment. European countries such as France, Germany, Italy, Spain, and the UK are major revenue-generating regions.

Factors such as anticipated legislation for safety-oriented healthcare systems, advanced technologies, and the higher cost of products contributed to the market's growth in Europe. Regulatory compulsions for the use of safety needles in Latin America are expected to grow significantly during the forecast period. Currently, Asia-Pacific is not a major revenue contributor, but due to increasing healthcare awareness, a rising population, and economic development, it will show significant growth in the future.

Frequently Asked Question:

The market for Hypodermic Needles Market is expected to reach USD$ 5,023mn in 2024.

The Hypodermic Needles Market is expected to see significant CAGR growth over the coming years, at 6.3%.

The report is forecasted from 2016 -2024.

The base year of this report is 2015.

Albert David, Ltd., Business Description,Financial Health and Budget Allocation, Product Positions Portfolio,News Coverage.are of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Mar 2017
Category:  Medical Devices
Report ID:   58383
Report Format:   PDF
Pages:   120
Rating:    4.7 (50)
Delivery Time: 24 Hours to 48 Hours   
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