About Hypodermic Needles
A hypodermic needle is a hollow needle commonly used with a syringe to inject substances into the body or extract samples from the body. These needles help in reducing contamination since its surface is very smooth and it is also very sharp that helps in creating a hole of a very small diameter. This needle is majorly operated by medical professionals such as dentists, paramedics, nurses, and physicians. These needles are made from stainless steel tubes and manufactured through a process called tube drawing.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.5% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hypodermic Needles market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic (Ireland), Retractable Technologies, Inc. (United States), Becton, Dickinson and Company (United States), Terumo Medical Corporation (Japan), Smiths Medical, Inc. (United States), Albert David (India), DeRoyal (United States), Hindustan Syringes & Medical Devices Limited (India), Hi-Tech Syringes (India), International Medsurg Connection (United States), Medline Industries, Inc. (United States), Nipro Medical Corporation (Japan) and Unilife Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Vita Needle Company (United States) and Vygon SA (France).
Segmentation Overview
AMA Research has segmented the market of Global Hypodermic Needles market by , Application (Hospitals, ASCs and Homecare) and Region.
On the basis of geography, the market of Hypodermic Needles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Length, the sub-segment i.e. 0.5 Inch will boost the Hypodermic Needles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Hypodermic Needles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diameter, the sub-segment i.e. 14G will boost the Hypodermic Needles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Robust Increase in the Distribution Channels
Market Growth Drivers:
Increased Applications of Hypodermic Needles as Its Rapid Delivery and Rise in the Number of Hospitals and Clinics
Challenges:
Lack of Reusability of the Hypodermic Needles
Restraints:
High Cost of the Hypodermic Needles compared to Other Needles
Opportunities:
Growth in the Healthcare Industry and Development of Healthcare Infrastructure in Emerging Economies
In January 2024, Hindustan Syringes and Medical Devices (HMD) has launched dispojekt single use syringes with safety needles. With the revolutionary Dispojekt safety syringes, HMD aims to reduce the prevalence of accidental Needle Stick Injuries (NSIs) among health workers, reduction of infection control cost and that of disposal and training, offering a long term positive financial impact on the healthcare sector.
Key Target Audience
Hypodermic Needles Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.