Hypodermic Syringes And Needles Industry Valued at $8.74 Billion by 2029 With CAGR of 5% | Size and Share Insights
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What Is the Forecast for the Hypodermic Syringes And Needles Market from 2024 to 2025?
The market sizing for hypodermic syringes and needles has seen a consistent rise in recent times, increasing from $7.01 billion in 2024 to $7.19 billion in 2025. This growth signifies a 2.5% compound annual growth rate (CAGR). Contributing factors to the growth during the historical period include advances in medical technologies, increased incidences of chronic illnesses, immunization programs, a rise in the elderly population, development of healthcare facilities, and worldwide health efforts.
What Is the Projected Market Size of the Hypodermic Syringes And Needles Market?
Expectations are that the hypodermic syringes and needles market will undergo solid growth in the upcoming years, expanding to $8.74 billion by 2029, with a compound annual growth rate (CAGR) of 5.0%. This projected expansion during the forecasted period can be linked to developments in biologics and biosimilars, an increase in home healthcare, a rise in diabetes cases, emphasis on infection control, the utilization of drug delivery devices for chronic illnesses, and the boom in e-commerce concerning medical supplies. Other significant trends expected to shape this period include the advent of sustainable packaging, improvements in needle safety technology, the use of pre-filled syringes and autoinjectors, telehealth, remote drug administration as well as strategic partnerships in production.
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Who are the Major Competitors in the Hypodermic Syringes And Needles Market Outlook?
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.
What Is Fueling Growth in the Hypodermic Syringes And Needles Market?
The hypodermic syringes and needles market is anticipated to expand due to the growing prevalence of chronic diseases. Factors such as aging population, unhealthy lifestyles, environmental factors, and the widespread presence of risk factors like obesity and sedentary habits largely contribute to the surge in chronic diseases. Hypodermic syringes and needles play a crucial part in the effective management of chronic diseases as they ensure the accurate dosage and delivery of medications, vaccines, and biological therapies. For example, data from the Australian Institute of Health and Welfare—an Australia-based independent agency that provides statistics on Australians’ health and welfare—revealed that in 2022, around 15.4 million individuals, constituting 61% of the population, were living with at least one of the specified long-term health conditions. Consequently, the rising prevalence of chronic diseases is predicted to spur the development of the hypodermic syringes and needles market.
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Which Hypodermic Syringes And Needles Market Segments Are Growing the Fastest?
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
Which Industry Trends Are Shaping the Future of the Hypodermic Syringes And Needles Market?
In the hypodermic syringes and needles market, predominant businesses are focusing on the creation of innovative passive safety needles to enhance their market standing. A passive safety needle activates a safety system automatically after it has been used, effectively covering the needle’s tip to avoid any potential needlestick injuries, all without requiring any further action from the medical staff. For instance, Italy’s MTD Group, a medical technology firm, obtained FDA approval in January 2023 for their DropSafe Sicura passive safety needle. This pioneering injection needle, created for use in both intramuscular and subcutaneous vaccine or drug administration, seeks to eradicate needlestick injuries among healthcare professionals (HCPs). The DropSafe Sicura, requiring no further activation, guarantees a more secure injection experience by locking the transparent shield automatically after injection.
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Which Countries Are Leading 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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This Report Delivers Insight On:
1. How big is the hypodermic syringes and needles market, and how is it changing globally?
2. Who are the major companies in the hypodermic syringes and needles market, and how are they performing?
3. What are the key opportunities and risks in the hypodermic syringes and needles market right now?
4. Which products or customer segments are growing the most in the hypodermic syringes and needles market?
5. What factors are helping or slowing down the growth of the hypodermic syringes and needles market?
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