The hypodermic needles market is driven by various factors such as the increasing prevalence of chronic diseases, the rising demand for vaccines and injectable drugs, and the growth of the geriatric population. The market is also fueled by technological advancements in needle design and manufacturing, leading to the development of safer, more efficient, and user-friendly needles. However, factors such as the high cost of safety needles and the risk of needlestick injuries pose challenges to the growth of the market. Additionally, the growing demand for needle-free injection systems and the rising popularity of alternative drug delivery methods such as oral and transdermal routes may hinder market growth. Overall, the Hypodermic Needles Market is expected to continue to grow as the demand for injectable therapies continues to rise.
Major Players in the Hypodermic Needles Industry:
1. Albert David:
Albert David Ltd. was founded in 1946 and is headquartered in Kolkata, India. The company manufactures a wide range of medical devices, including hypodermic needles. It operates in over 30 countries worldwide, including the United States, the United Kingdom, and Germany. In February 2022, the company announced the launch of its new line of safety-engineered hypodermic needles, which are designed to reduce the risk of needlestick injuries.
2. Becton, Dickinson and Company (BD):
BD was founded in 1897 and is headquartered in Franklin Lakes, New Jersey. It is a global medical technology company that develops and manufactures a wide range of medical devices, including hypodermic needles. BD operates in over 190 countries worldwide, including the United States, China, and Japan. In January 2023, BD announced the launch of its new line of ultra-thin hypodermic needles, which are designed to reduce pain and discomfort for patients.
3. Covidien:
Covidien was founded in 1903 and is headquartered in Dublin, Ireland. It is a global healthcare products company that develops and manufactures a wide range of medical devices, including hypodermic needles. Covidien operates in over 150 countries worldwide, including the United States, China, and Brazil. In June 2021, Covidien announced that it had received regulatory approval for its new line of safety-engineered hypodermic needles.
4. Hindustan Syringes & Medical Devices Limited (HMD):
HMD was founded in 1957 and is headquartered in Manesar, India. It is a leading manufacturer of medical devices, including hypodermic needles. HMD operates in over 100 countries worldwide, including the United States, the United Kingdom, and Australia. In April 2022, HMD announced that it had received regulatory approval for its new line of retractable hypodermic needles, which are designed to reduce the risk of needlestick injuries.
5. Nipro Medical Corporation:
Nipro Medical Corporation was founded in 1954 and is headquartered in Osaka, Japan. It is a global medical technology company that develops and manufactures a wide range of medical devices, including hypodermic needles. Nipro operates in over 60 countries worldwide, including the United States, China, and Germany. In March 2023, Nipro announced the launch of its new line of silicone-coated hypodermic needles, which are designed to reduce the risk of tissue damage and improve patient comfort.
6. Novo Nordisk:
Novo Nordisk was founded in 1923 and is headquartered in Bagsvaerd, Denmark. It is a global healthcare company that specializes in diabetes care and develops and manufactures a wide range of medical devices, including hypodermic needles. Novo Nordisk operates in over 80 countries worldwide, including the United States, China, and India. In May 2022, Novo Nordisk announced the launch of its new line of ultra-short hypodermic needles, which are designed to improve injection comfort for people with diabetes.
7. Retractable Technologies, Inc.:
Retractable Technologies, Inc. was founded in 1994 and is headquartered in Little Elm, Texas. It is a medical device company that specializes in safety syringes and develops and manufactures a wide range of medical devices, including hypodermic needles. Retractable Technologies operates in over 50 countries worldwide, including the United States, Canada, and Japan. In December 2021, Retractable Technologies announced that it had received regulatory approval for its new line of safety-engineered hypodermic needles.
8. Terumo Medical Corporation:
Terumo Medical Corporation was founded in 1972 and is headquartered in Somerset, New Jersey. It is a global medical technology company that develops and manufactures a wide range of medical devices, including hypodermic needles. Terumo operates in over 160 countries worldwide, including the United States, China, and Germany. In March 2022, Terumo announced the launch of its new line of ultra-sharp hypodermic needles, which are designed to reduce pain and improve patient comfort.
9. Becton, Dickinson and Company (BD):
BD was founded in 1897 and is headquartered in Franklin Lakes, New Jersey. It is a global medical technology company that develops and manufactures a wide range of medical devices, including hypodermic needles. BD operates in over 190 countries worldwide, including the United States, China, and Japan. In January 2023, BD announced the launch of its new line of ultra-thin hypodermic needles, which are designed to reduce pain and discomfort for patients.
10. Vygon:
Vygon was founded in 1962 and is headquartered in Ecouen, France. It is a global medical device company that develops and manufactures a wide range of medical devices, including hypodermic needles. Vygon operates in over 100 countries worldwide, including the United States, China, and Germany. In October 2021, Vygon announced the launch of its new line of safety-engineered hypodermic needles, which are designed to reduce the risk of needlestick injuries.
11. Vita Needle Company:
Vita Needle Company was founded in 1932 and is headquartered in Needham, Massachusetts. It is a leading manufacturer of stainless steel needles and tubing, including hypodermic needles. Vita Needle operates in over 30 countries worldwide, including the United States, Canada, and Japan. In July 2022, Vita Needle Company announced the launch of its new line of high-precision hypodermic needles, which are designed to meet the most demanding applications in medical and laboratory settings.
12. Unilife Corporation:
Unilife Corporation was founded in 2002 and is headquartered in King of Prussia, Pennsylvania. It is a medical device company that develops and manufactures a wide range of medical devices, including hypodermic needles. Unilife operates in over 10 countries worldwide, including the United States, Australia, and the United Kingdom. In September 2021, Unilife Corporation announced the launch of its new line of ultra-thin hypodermic needles, which are designed to improve patient comfort and reduce the risk of injury.
Definition- Hypodermic needles are small, hollow, and cylindrical medical devices used to inject fluids into or withdraw fluids from the body. They are commonly used in healthcare settings for administering medications, vaccines, and drawing blood.
