The Global Hypodermic Needles Market has been projected to grow at the CAGR of 5.98% during 2017-2025. In 2016, the market has generated the revenue of $ 3,036.4 million and now is expected to reach up to $ 5,218.4 million in terms of revenue by 2025.
Hypodermic needle is a hollow tube with sharp tip commonly used with syringe to inject substance into body or to extract fluid from body. Hypodermic needles finds application in pharmaceuticals, biotechnology, hospitals, pathology laboratories etc.
Market Segment Insights
The hypodermic needles market is majorly segmented into products safety hypodermic needles and non-safety hypodermic needles; safety hypodermic needles comprise of (active and passive hypodermic needles). Safety hypodermic needles held the largest market share in the product segment due to factors such as rising demand for personal medication, mandatory requirement as per regulatory agencies for its use in healthcare purposes and patient compliance. The revenue share of non-safety needles will be declining over the forecast period 2017-2025 due to rising public awareness regarding personal health and due to stringent regulatory norms regarding its application in healthcare.
North America, Latin America, Europe, Middle East and Africa and Asia Pacific, markets together form the major regional markets for hypodermic needles. These regional markets are further sub-segmented into country specific markets on the basis of demand and market growth of hypodermic needles. Among the considered regional markets, North America currently dominates the hypodermic needles market, with United States being the largest county-level market due to increase in number of geriatric patients, rising trend of self-medication, and mandatory requirement to use safety needles for healthcare purposes. On the other hand, Asia Pacific is anticipated to be the fastest growing market for product segments due to huge population base suffering with lifestyle disorders like diabetes and presence of multiple players involved in the manufacture of hypodermic needles and high disposable income.
Market Competition Assessment:
Key players in the global hypodermic needles market are Albert David, Ltd., Becton, Dickinson and Company, Catalent Inc., Connecticut Hypodermics Inc., Covidien Ltd., Exel International, MedPro Safety Products, Inc., Retractable Technologies Inc., Terumo Corporation, Vygon S.A. and others.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
Chapter 2 Executive Summary
2.1. Global Hypodermic Needles Market Snapshot
2.2. Global Hypodermic Needles Market, by Product Type, 2016 ($ Million)
2.3. Global Hypodermic Needles Market, by Geography, 2016 (Value %)
Chapter 3 Global Hypodermic Needles Market Analysis
3.1. Global Hypodermic Needles Market Overview
3.2. Market Dynamics
3.2.1. Market Drivers
3.3. Attractive Investment Proposition, 2016
3.4. Competitive Landscape Assessment, by Key Market Players
Chapter 4 Global Hypodermic Needles Market, by Product Type, 2015 – 2025 ($ Million)
4.2. Safety Hypodermic Needles
4.2.1. Active Hypodermic Needles
4.2.2. Passive Hypodermic Needles
4.3. Non-Safety Hypodermic Needles
Chapter 5 Global Hypodermic Needles Market, by Geography, 2015-2025 ($ Million)
5.2. North America
5.3.3. Rest of Europe
5.4. Asia Pacific
5.4.3. Rest of Asia Pacific
5.5. Latin America
5.5.3. Rest of Latin America
5.6. Middle East and Africa
5.6.2. Rest of Middle East and Africa
Chapter 6 Company Profiles
6.1. Albert David, Ltd.
6.2. Becton, Dickinson and Company
6.3. Catalent Inc.
6.4. Connecticut Hypodermics, Inc.
6.5. Covidien Ltd.
6.6. Exel International
6.7. MedPro Safety Products, Inc.
6.8. Retractable Technologies, Inc.
6.9. Terumo Corporation
6.10. Vygon S.A.