PR85226

Hypodermic Needles Market by Current Industry Status, Growth Opportunities, Top Key Players, and Forecast till 2027- A Report by Absolute Markets Insights

PUNE, India, Aug. 26 /PRNewswire=KYODO JBN/--

   - The global hypodermic needles market is expected to reach US$ 6421.52

million by 2027, growing at a CAGR of 5.2% over the forecast period.

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   - International Diabetes Federation states that in 2019, there were 463

million cases of diabetes which is expected grow to 578 million by 2030.

Growing prevalence of diabetes across global population is creating demand for

insulin administration devices such as syringes, pens and others. These devices

employ hypodermic needles to inject the insulin in the fat just under the skin.

Market players such as Hindustan Syringes & Medical Devices Ltd., Novo Nordisk

A/S and others are launching new higher gauge painless hypodermic needles

designed for insulin pens which will witness high demand in coming years.

    - COVID-19 pandemic has accelerated clinical research and vaccine

production activities thus, creating high demand for hypodermic needles.

    - Short beveled type of needles contribute significant share in global

hypodermic needles market owing to its less nerve damage characteristics which

reduces trauma.

    - North America held the highest market share in global hypodermic needles

market [

https://www.absolutemarketsinsights.com/reports/Global-Hypodermic-Needles-Market-2019-2027-647]

in 2018. The presence of geriatric population which creates high demand for

medical treatments coupled with the fostering government regulations is

propelling the share of the regional growth and demand.

    - Some of the market participants include B. Braun Medical Ltd, BD, Cadence

Science, Cardinal Health, CHIRANA T.Injecta, a.s., EXELINT International, Co.,

Hindustan Syringes & Medical Devices Ltd, Iscon Surgicals Ltd, NIPRO, QG,

RayMed, Smiths Medical, Surtex Instruments Limited, Surtex Instruments Limited,

Terumo Medical Corporation amongst others.

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    The detailed research study provides qualitative and quantitative analysis

of hypodermic needles market. The demand side analysis covers market revenue

across regions and further across all the major countries. The supply side

analysis covers the major market players and their regional and global presence

and strategies. The geographical analysis done emphasizes on each of the major

countries across North America, Europe, Asia Pacific, Middle East & Africa and

Latin America.

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    Source: Absolute Markets Insights