HYPODERMIC NEEDLES MARKET ANALYSIS

Hypodermic Needles MarketSize and Trends

Rising demand for vaccines is expected to boost the hypodermic needles market

The factors that are contributing to the growth of hypodermic needles market are rising demand for intravenous vaccines delivery mode. There are numerous vaccines that are recommended for injection into muscle (intramuscularly) although some are delivered through subcutaneously and intradermally. Furthermore, increasing prevalence of chronic diseases and rising compliance for safety needles so as to curtail the incidences of needle stick injuries are the other factors that are contributing to the growth of hypodermic needles. However, rising incidence of needle stick injuries and risk of infections associated with administering drugs using hypodermic needles are hindering the growth of hypodermic needles market.

Hypodermic Needles Market Taxonomy:

Hypodermic Needles Market is segmented on the basis of Product type, end user, and geography

On the basis of product type, hypodermic needles market is segmented into:

• Safety hypodermic needle
  • Passive hypodermic needle
    • Retractable hypodermic needle
    • Non- retractable hypodermic needle
  • Active hypodermic needle
    • Retractable hypodermic needle
    • Non – retractable hypodermic needle
• Non safety hypodermic needle

On the basis of end user, hypodermic needles market is segmented into:

• Diagnostic Center
• Hospital
• Others

On the basis of region, hypodermic needles market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global hypodermic needles market, owing to the launch of new product called SafeTouch Safety Needle in 2016, by Nipro Medical Corporation, which is known to protect the patients from needle stick injuries. Furthermore, Asia Pacific is expected to witness a major traction in the global hypodermic needles market, owing to the conducive policies for the approval of new injectable and increasing technological advancements. For instance, Microdermics in 2017 has developed a novel commercially scalable, low-cost, customizable, metal, hollow, and microneedle platform that provides efficient delivery of vaccines and biologics