Hypodermic Needles Market Analysis

Product Type (Safety, Non-safety)

The global hypodermic needles market is segmented and analyzed for demand and supply by product type into safety hypodermic needles, and non-safety hypodermic needles. Out of these, the safety hypodermic needles segment is estimated to gain the largest market share of about 56% in the year 2037. The growth of the segment can be attributed to the increasing demand for safety needles in hospitals and clinics, as well as the growing awareness among healthcare professionals about the need for safe and hygienic practices, which is driving the growth of this segment. Additionally, the rising incidence of needle-stick injuries has resulted in the adoption of safety needles to reduce the risk and ensure patient safety. In Accordance with the CDC, the number of injuries caused by contaminated needles and other sharp devices among hospital-based healthcare personnel exceeds 385,000 injured every year. This equates to over 1,000 injuries a day.

Application (Drug Delivery, Vaccination, Blood Specimen Collection)

The global hypodermic needles market is segmented and analyzed for demand and supply by application into drug delivery, vaccination, blood specimen collection. Out of these, the drug delivery segment is estimated to gain a significant market share of about 46% in the year 2037. The growth of the segment can be attributed to the rising prevalence of chronic diseases, increasing adoption of injectable drugs, and growing demand for self-administration of drugs by patients, which is encouraging the manufacturers to focus on product innovation and development. Additionally, technological advancements in injection devices are also expected to drive the drug delivery segment growth. Furthermore, the presence of a wide range of advanced injection devices such as auto-injectors, pen injectors, and jet injectors is expected to contribute to segment growth.

Our in-depth analysis of the global market includes the following segments: