The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s hypodermic syringes and needles market report forecasts the hypodermic syringes and needles market size to grow to $7.96 Billion by 2027, with a CAGR (compound annual growth rate) of more than 3%.

Learn More On The Hypodermic Syringes And Needles Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hypodermic-syringes-and-needles-global-market-report

Hypodermic Syringes And Needles Market Size Forecast
The global hypodermic syringes and needles market is expected to grow rom $6.80 billion in 2022 to $7.00 billion in 2023 at a compound annual growth rate (CAGR) of 2.97%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hypodermic syringes and needles market size is expected to reach $7.96 billion in 2027 at a CAGR of 3.25%.

North America held the largest hypodermic syringes and needles market share.

Key Hypodermic Syringes And Needles Market Driver ­– Increase In Demand For Syringes And Needles
For example, according to the Aesthetic Society, a US-based worldwide organisation, surgical operations grew by 54% in 2021 in April 2022. As a result, rising syringe and needle demand will propel the hypodermic syringes and needles market ahead.

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Key Hypodermic Syringes And Needles Market Trend – Product Innovations
To maintain their market position, major firms in the hypodermic syringes and needles industry focus on product innovation. For example, in June 2021, Hindustan Syringes & Medical Devices introduced the DispoJekt Safety Needle, a single-use needle aimed to reduce needle stick injuries and improve patient safety. The DispoJekt Safety Needle is built of high-quality medical-grade materials and comes in a variety of sizes and gauges to suit a variety of medical purposes. The device is also compatible with the vast majority of syringe brands, making it a versatile and convenient choice for healthcare practitioners.

Hypodermic Syringes And Needles Market Segment
1) By Type: Syringes, Needles
2) By Usability: Disposable, Re-Usable
3) By Application: Blood Collection, Drug Delivery, Vaccination, Insulin Administration, Other Applications
4) By End-Use: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Other End-Uses

Hypodermic Syringes And Needles Market Major Players and Strategies
Major players in the hypodermic syringes and needles market are Becton, Dickinson And Company, B. Braun Melsungen AG, Cardinal Health Inc., Smiths Medical Inc., Terumo Corporation, Nipro Corporation, Connecticut Hypodermics Inc., Medline Industries LP, EXELINT International Co., Vita Needle Company, Vitrex Medical A/S, Hi-Tech Syringes Pvt. Ltd., Hindustan Syringes & Medical Devices, Gerresheimer AG and Teleflex Incorporated.

Sharps Technology, a US-based technology business, paid $2.5 million for Safeguard Medical in July 2022. Sharps Technology’s production capabilities will be expanded, as will its product offerings in the medical device business, particularly in the field of safety-engineered medical equipment such as syringes. Smart Syringe is a medical device firm established in Hungary that specialises in designing and manufacturing medical goods such as syringes to improve patient care and healthcare outcomes.

The Hypodermic Syringes And Needles Global Market Report 2023 covers regional data on hypodermic syringes and needles market size, hypodermic syringes and needles market trends and drivers, opportunities, strategies, and hypodermic syringes and needles market competitor analysis. The countries covered in the hypodermic syringes and needles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Medical syringes and needles are used to inject or withdraw body fluids or drugs. A syringe is made up of a barrel, a plunger, and a tip or hub to which the needle is attached.

View More Reports Related To The Hypodermic Syringes And Needles Market –
Insulin Pens, Syringes, Pumps And Injectors Global Market Report 2023
Pre Filled Syringes Global Market Report 2023
Single-Chamber Prefilled Syringes Global Market Report 2023

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