Hypodermic Needles Market to Reach Valuation of US$ 4 Bn by 2031, High Demand for Single Use Needles and Vaccination Drives to Prevent Spread of Several Diseases Fuels Growth, Says TMR

The global vaccination drive has increased awareness about needles and syringes. In order to guarantee that they meet globally approved norms of safety and quality, healthcare providers adhere to ISO (International Organization for Standardization) guidelines. With unparalleled demand for single-use catheters and needles for blood sample, businesses in the global hypodermic needles market are capitalising on this prospect. In order to satisfy the demands of vaccination programs and continuing COVID-19 cases in hospitals, companies in the hypodermic needles market are keeping supply chains strong.

North America is expected to lead the global hypodermic needles market during the forecast period, from 2021 to 2031. The market in North America is predicted to grow due to significant spending on healthcare, early acceptance of innovative products, and increased research and development activities across the region.

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The global hypodermic needles market is expected to grow at a CAGR of 6.2% during the forecast period, from 2021 to 2031. The surge in the occurrence of chronic illnesses and the implementation of regulations requiring the use of safety syringes are likely to drive the global hypodermic needles market in the forthcoming years.

Key Findings of Market Report

Customized and Precision-engineered Hypodermic Needle to Offer Increased Patient Comfort: Needle-free injectors put pressure on hypodermic needles. The needle-free injectors from NuGen Medical Devices are being promoted as advanced substitutes for the same. Needles-free injectors, on the other hand, cannot completely substitute hypodermic needles. As a result, companies in the hypodermic needles market are providing clients with customised solutions and skilled engineering in a bid to enhance patient outcomes.

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In order to thrive in tough applications as well as high processing settings, makers of hypodermic needles are boosting the supply of needle stick prevention technology and precision-engineered needles. In order to assure therapeutic success, firms are developing less painful injections and safe designs. Thus, to compete with needle-free injectors, hypodermic needles are being thoroughly inspected, quality-assured, and manufactured in a controlled environment.

• Implementation of Automated Systems for Testing and Inspection Operations to Ensure High Quality of Needles

In order to fulfil the demand for high degree of quality in materials and for correctly delivering drugs, hypodermic needle producers meet ISO standards. Due to the constant need for syringes, firms have implemented automated methods in their inspection and testing operations. During industrial operations, optical and vision technologies are utilised to verify random samples.

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Companies are increasing the production of safety hypodermic needles that are meticulously made to meet the demands of clinicians and ensure patient comfort. Patented, dependable hinged sheath design gives audible, visual, and tactile confirmation of pharmaceutical safety during administration.

Hypodermic Needles Market: Growth Drivers

• Rise in vaccination is another significant driver of the global hypodermic needles market. Furthermore, a surge in the number of occurrences of infectious illnesses is likely to aid in market expansion.

• Hypodermic needles are crucial in research that requires sterile settings. Using a hypodermic needle to inoculate a sterile substrate minimizes contamination dramatically.

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Hypodermic Needles Market: Key Competitors

Some of the key market players are

• B. Braun Melsungen AG

• Becton, Dickinson and Company

• Terumo Medical Corporation

• Novo Nordisk A/S

• Smiths Medical, Inc.

• Cadence Science, Inc.

Hypodermic Needles Market: Segmentation

Type

• Safety Needles

• Non-safety Needles

Application

• Drug Delivery

• Others

End User

• Hospitals

• Cancer Treatment Centers

• Dermatology Clinics

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:

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