Press release
Key Players in Hypodermic Needles Market Focus on Product Development & Expansion
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Key findings from the market study on hypodermic needles include:
The global market is expected to reach US$ 8.50 billion by 2033.
The United States is a significant market due to the presence of major players.
Germany is a leading market in Europe, benefiting from advanced healthcare systems.
The demand for safety hypodermic needles is projected to rise rapidly worldwide.
Market Future Outlook:
The hypodermic needles market (피하 주사 바늘 시장) is expected to witness robust growth in the coming years. Factors such as the increasing adoption of self-injection devices, expanding healthcare infrastructure in developing countries, and the growing popularity of needle exchange programs are expected to drive market growth.
Key Players:
Terumo Corporation
BD
Cardinal Health
Medline Industries, Inc
Hindustan Syringes & Medical Devices Ltd
B. Braun Melsungen AG
Hitech Syringes
NIPRO Medical Corporation
Vita Needle Company
Vygon SA
NeedleTech Products, Inc
ISCON SURGICALS LTD.
McKesson Corporation
Connecticut Hypodermics Inc
EXELINT International, Co
Retractable Technologies, Inc
Smiths Medical
Competitive Landscape:
As per insights from a market research and competitive intelligence provider, key players in the hypodermic market are actively engaged in developing advanced needles to fortify their market position and drive growth. Strategies such as mergers, acquisitions, regional expansion, bolstering local supply chains, and introducing new products are being pursued by industry leaders.
For instance, in October 2020, Micro-Tech Endoscopy launched the PinPoint Injection Needle, aiming to enhance precision in medical procedures. Meanwhile, Terumo Corporation introduced hypodermic syringes with built-in plunger stops to prevent accidental dislodgement of the plunger.
Recent market developments include collaborations between Medtronic and Stasis in September 2021 to enhance patient monitoring access in India. Additionally, HTL-STREFA unveiled the Droplet MicronTM pen needle in September 2020, featuring an innovative design to optimize the injection process. Furthermore, Albert David Ltd. expanded its manufacturing facility to accommodate the production of disposable syringes and needles meeting both national and international standards.
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Key Segments of Hypodermic Needles (Markt für Injektionsnadeln) Industry Research
By Product :
Safety
Non-safety
By Material :
Stainless Steel
Plastic
By Application :
Drug Delivery
Vaccination
Blood Specimen Collection
By End User :
Hospitals
Diagnostic Centers
Home Healthcare
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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