Hypodermic Syringes And Needles Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Hypodermic Syringes And Needles Market?
The growth of the hypodermic syringes and needles market is projected to be spurred by the increasing instances of chronic diseases. Factors such as rapidly aging populations, unhealthy ways of life, environmental impacts, and a rising prevalence of risk factors like obesity and inactivity primarily contribute to the upsurge in chronic diseases. Hypodermic syringes and needles play an essential role in the effective management of chronic diseases by providing precise dosages and delivery of medications, vaccines, and biological therapies. For example, the Australian Institute of Health and Welfare, a standalone establishment of the Australian Government focused on providing health and welfare reports and statistics for Australians, revealed that in 2022, about 15.4 million people, representing 61% of the population, were dealing with at least one of the chosen long-term health conditions. Consequently, the rising presence of chronic diseases is likely to boost the hypodermic syringes and needles market.
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#What Are the Key Projections for the CAGR of the Hypodermic Syringes And Needles Market From 2025 to 2034?
The market size for hypodermic syringes and needles has been continually expanding in the past few years. The market is projected to escalate from $7.01 billion in 2024 to $7.19 billion in 2025, with a compound annual growth rate (CAGR) of 2.5%. The growth witnessed in the historic period can be traced back to advancements in medical technology, an increase in chronic diseases, vaccination initiatives, the increase in the elderly population, an enhancement of healthcare infrastructure, and worldwide health drives.
In the coming years, the market for hypodermic syringes and needles is predicted to enjoy stable growth, reaching an expected value of “$8.74 billion by 2029, owing to a compound annual growth rate (CAGR) of 5.0%. The expansion throughout the forecast period may be credited to the proliferation of biologics and biosimilars, increased emphasis on home healthcare, surging diabetes incidence, infection control efforts, chronic condition drug delivery devices, and the booming e-commerce sector in the medical supply field. Key forecast period trends encompass sustainable packaging, advancements in needle safety technology, the rise of pre-filled syringes and autoinjectors, the advent of telehealth and remote medication administration, and strategic alliances in production.
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What Are the Key Market Innovations in theHypodermic Syringes And Needles Market Over the Coming Years?
Major competitors in the hypodermic syringes and needles sector are steaming ahead with the conception and development of innovative passive safety needles, providing them with a significant competitive edge in the industry. These passive safety needles are injection needles that have a built-in safety mechanism which activates after usage, effectively covering the needle tip to avert needlestick injuries, all without requiring additional action from the healthcare practitioner. In a specific example, the MTD Group, a med-tech firm based in Italy was granted FDA approval for their DropSafe Sicura passive safety needle in January 2023. This revolutionary injection needle has been designed for both intramuscular and subcutaneous administration of vaccines and other medicines, with an ultimate aim to eradicate needlestick injuries amongst healthcare professionals (HCPs). It’s equipped with an automatic locking transparent shield that is activated post-injection, and it doesn’t need any additional activation, upholding a more secure injection process.
Who Are the Top Companies Driving Innovation and Growth in theHypodermic Syringes And Needles Market?
Major companies operating in the hypodermic syringes and needles market include Becton Dickinson And Company, B. Braun Melsungen AG, Cardinal Health Inc., Smiths Medical Inc., Terumo Corporation, Nipro Corporation, Medline Industries LP, EXELINT International Co., Vitrex Medical A/S, Gerresheimer AG, Teleflex Incorporated, Catalent Pharma Solutions, DeRoyal Industries Inc., Hospira Inc., Owen Mumford Inc., Covidien plc, Schott AG, Codan Medizinische Geräte GmbH & Co. KG, Helapet Ltd., Vygon S.A., Medtronic plc, Argon Medical Devices Inc.
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Which Key Market Segments Comprise the Hypodermic Syringes And Needles Market and Drive Its Revenue Growth?
The hypodermic syringes and needles market covered in this report is segmented –
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
Subsegments:
1) By Syringes: Disposable Syringes, Reusable Syringes, Safety Syringes
2) By Needles: Standard Needles, Safety Needles, Prefilled Needles, Specialty Needles
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Which Regions Are Emerging as Leaders in the Hypodermic Syringes And Needles Market?
North America was the largest region in the hypodermic syringes and needles market in 2024. The regions covered in the hypodermic syringes and needles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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