The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Hypodermic Syringes And Needles Global Market Report 2024, the hypodermic syringes and needles market is expected to show promising growth in the forecast period.

Consistent Market Expansion

• Market size rose from $7 billion in 2023 to $7.21 billion in 2024.
• Compound annual growth rate (CAGR) of 3.0%.
• Driven by medical advancements, chronic disease prevalence, and vaccination programs.

Future Projections

• Expected to reach $8.33 billion in 2028.
• CAGR of 3.7%.
• Growth in biologics, home healthcare, and diabetes cases fuel market expansion.

Major Trends

• Sustainable packaging initiatives.
• Technological advances in needle safety.
• Rise of pre-filled syringes and autoinjectors.
• Telehealth adoption for remote medication administration.
• Increasing strategic partnerships in manufacturing.

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Rising Syringe And Needle Demand To Drive Market Growth

• Increased demand for syringes and needles boosts the market.
• Vital medical devices for administering medications and withdrawing fluids.
• Accurate and precise drug delivery enhances patient care.
• Surge in surgical procedures underscores demand growth.

Product Innovations Transforming The Market

• Companies focus on product innovations to retain market share.
• Hindustan Syringes & Medical Devices launches DispoJekt Safety Needle.
• Designed to prevent needle stick injuries and ensure patient safety.
• Versatile and compatible with most syringe brands.

Sharps Technology Strengthens Medical Device Portfolio

• Acquisition of Safeguard Medical enhances manufacturing capabilities.
• Expands product offerings in safety-engineered medical devices.
• Focuses on enhancing patient care and healthcare outcomes.

Market Segmentation

1. Type:
   • Syringes
   • Needles
2. Usability:
   • Disposable
   • Re-Usable
3. Application:
   • Blood Collection
   • Drug Delivery
   • Vaccination
   • Insulin Administration
   • Other Applications
4. End-Use:
   • Hospitals
   • Ambulatory Surgical Centers
   • Diagnostic Centers
   • Other End-Uses

Regional Insights

• North America leads the market in 2023.
• Continual growth expected in the region.

In conclusion, the hypodermic syringes and needles market exhibit steady growth driven by technological advancements, rising chronic disease cases, and increased healthcare infrastructure. Innovations in product design and manufacturing processes aim to enhance patient safety and care delivery. As the market evolves, sustainable practices and strategic partnerships will be instrumental in meeting the growing demand for syringes and needles while ensuring the highest standards of quality and safety.

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