PORTLAND, OR, UNITED STATES, October 18, 2021 /EINPresswire.com/ -- A hypodermic needle is thin, long cylindrical hollow needle that has a sharp & slanted tip. It is used for administering drugs to patients. Moreover, it can be used for extracting bodily fluids for research and development purposes. The rise in number of needle-stick injuries across the world would boost the market growth.

The major factors that fuel the growth into the global hypodermic needles market are surge in demand for injectable drugs & vaccines, favorable government initiatives, and increase in application of injection and infusion therapies. Moreover, high prevalence of blood-borne conditions raises the demand for hypodermic needles, which in turn, offers lucrative opportunities for the market growth. However, alternative methods of drug delivery and expensive safety hypodermic needles hinder the market growth.

Explore Report Description@ https://www.alliedmarketresearch.com/hypodermic-needles-market

The retractable safety hypodermic needle segment is anticipated to maintain dominance in the safety hypodermic needles market, as these needles can eliminate the exposure to the contamination and eliminate the risk of injuries related to needle sticks. It contributed to more than five-eighths of the total share in 2015. The drug delivery segment contributes the highest share in the application segment and is estimated to grow at a CAGR of 6.7% during the forecast period. Hypodermic needles are used for drug delivery to infuse the therapeutics into the body of the patient. Moreover, safety injections embedded with hypodermic needles offer many advantages including good absorption that leads to less wastage of drugs, less onset time, and precision in titration of the dosage.

Key findings of the report:

- The safety hypodermic needles segment is expected to register the highest CAGR from 2016 to 2022.

- Passive safety hypodermic needles would grow at the fastest rate during the forecast period.

- The hospital end-user segment garnered the largest revenue in 2015, and will maintain its dominating position during the forecast period.

- North America contributed the highest share in the global hypodermic needles market and is expected to grow at a CAGR of 6.5% during the forecast period.

- Among applications, the usage of hypodermic needles for vaccination would experience the highest growth during the forecast period.

Do Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1868

In 2015, Asia-Pacific and LAMEA together accounted for nearly one-fourth of the total market, and would continue its dominance. This is due to increase in awareness of the usage of hypodermic needles in India, China, and other developing countries. Different governmental and non-governmental organizations focus on providing a medical training in hospitals and other settings through various awareness programs. These programs help in avoiding needle-stick injuries in hospitals along with encouraging utilization of safety needles, which in turn, boosts the growth in the market.

The major companies analyzed in the research include Becton, Dickinson, And Company, Catalent, Inc., B. Braun Melsungen AG, EXELINT International Co., Connecticut Hypodermics, Inc., Medtronic plc, MedPro Safety Products, Inc., Smiths Group plc, Retractable Technologies, Inc., and Terumo Medical Corporation.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter

“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

Trending Reports in Healthcare Industry:

Prostate Cancer Market Global Research By 2030

Apheresis Equipment Market Global Research By 2030

Diabetes Drugs Market Global Research By 2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts

David Correa
Allied Analytics LLP
+18007925285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn