Categories: Market Research

Hypodermic Syringes And Needles Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033

Overview and Scope
Hypodermic syringes and needles are medical devices used to inject or withdraw bodily fluids or medications. The syringe consists of a barrel, a plunger, and a tip or hub where the needle is attached.

Sizing and Forecast
The hypodermic syringes and needles market size has grown steadily in recent years. It will grow from $7 billion in 2023 to $7.21 billion in 2024 at a compound annual growth rate (CAGR) of 3.0%. The growth in the historic period can be attributed to medical advancements, prevalence of chronic diseases, vaccination programs, growth in geriatric population, expansion of healthcare infrastructure, global health initiatives.

The hypodermic syringes and needles market size is expected to see steady growth in the next few years. It will grow to $8.33 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to growth in biologics and biosimilars, home healthcare trends, rise in diabetes cases, focus on infection control, drug delivery devices for chronic conditions, e-commerce growth in medical supplies. Major trends in the forecast period include sustainable packaging, technological advances in needle safety, pre-filled syringes and autoinjectors, telehealth and remote medication administration, strategic partnerships in manufacturing.

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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

North America was the largest region in the hypodermic syringes and needles market in 2023. 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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Major Driver Impacting Market Growth
The increasing demand for syringes and needles will boost the hypodermic syringes and needles market. Syringes and needles are medical devices used to inject or withdraw bodily fluids. A syringe consists of a cylindrical barrel, a plunger, and a tip that can be attached to a needle. Needles are thin, hollow, and sharp devices connecting to a syringe’s end. A syringe consists of a cylindrical barrel, a plunger, and a suggestion that can be attached to a needle. Hypodermic syringes and needles inject or withdraw fluids from the body, including administering medications. Hypodermic syringes and needles allow for accurate and precise delivery of drugs and other liquids, making them a valuable tool in medical treatment and care. For Instance, in April 2022, according to the Aesthetic Society, a US-based international organization, surgical procedures increased by 54% in 2021. Therefore, the increasing demand for syringes and needles will drive the hypodermic syringes and needles market forward.

Key Industry Players
Major companies operating in the hypodermic syringes and needles market report 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, Teleflex Incorporated, Bioject Medical Technologies Inc., Catalent Pharma Solutions, DeRoyal Industries Inc., Hamilton Medical AG, Hospira Inc., International Medication Systems Limited, MedPro Safety Products Inc., Owen Mumford Inc., Covidien plc, Schott AG, Codan Medizinische Geräte GmbH & Co. KG, Helapet Ltd., Vygon S.A., Medtronic plc, Allison Medical Inc., Argon Medical Devices Inc.

The hypodermic syringes and needles market report table of contents includes:

1. Executive Summary

2. Hypodermic Syringes And Needles Market Characteristics

3. Hypodermic Syringes And Needles Market Trends And Strategies

4. Hypodermic Syringes And Needles Market – Macro Economic Scenario

5. Global Hypodermic Syringes And Needles Market Size and Growth
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31. Global Hypodermic Syringes And Needles Market Competitive Benchmarking

32. Global Hypodermic Syringes And Needles Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Hypodermic Syringes And Needles Market

34. Hypodermic Syringes And Needles Market Future Outlook and Potential Analysis

35. Appendix

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