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The Hypodermic market is expected to grow from an estimated USD 3.2 billion in 2025 to USD 5.7 billion in 2035 at a CAGR of 6.60%.
Needlestick injuries have a substantial impact on the hypodermic market, which is expected to grow throughout the forecast period. Needlestick injuries are the greatest cause of bloodborne illness among healthcare workers. The rise in the incidence of chronic infectious diseases such as Hepatitis B and C fuels the growth of the hypodermic needles industry.
According to the World Health Organization, 296 million people were living with chronic hepatitis B infection in 2019, with 1.5 million new cases reported each year. Hepatitis B killed an estimated 820,000 people, while hundreds of thousands of healthcare professionals were at high risk of contracting work-related illnesses such as hepatitis B, hepatitis C, and HIV due to contaminated needle sticks and sharp injuries.
Furthermore, hypodermic needles are utilised to provide immunisations to patients. According to the World Health Organization, as of April 17, 2022, a total of 11.32 billion COVID-19 vaccine doses had been provided worldwide, which is predicted to increase demand for hypodermic needles.
The increase in surgical operations is projected to drive future expansion in the hypodermic market. Surgical procedures are medical treatments or operations conducted by trained surgeons or medical professionals to treat, repair, remove, or diagnose a medical issue. Injections are commonly used to administer drugs, anaesthetics, or other substances during surgical procedures.
Hypodermic syringes and needles are essential tools for administering precisely controlled amounts of these drugs. For instance, in October 2035, the Organization for Economic Cooperation and Development, a France-based intergovernmental organisation, reported an 8.4% increase in cataract surgical procedures in the Czech Republic, with 1,42,670 procedures in 2022 compared to 1,31,612 in 2021.
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Competitive landscape:-
A key highlight of the Hypodermic market research content is its detailed analysis of the competitive landscape. The report provides a clear overview of major companies operating in the market, along with their strategies and recent developments. By examining activities such as mergers, acquisitions, partnerships, and product innovations, businesses can gain a better understanding of how the competitive environment is evolving.
Rising syringe and needle demand will drive market growth
The market for hypodermic syringes and needles will grow in response to rising demand. Syringes and needles are medical equipment used for injecting or withdrawing body fluids. A syringe consists of a cylindrical barrel, a plunger, and a tip that connects to a needle. Needles are slender, hollow, pointy objects that connect to the syringe's end. A syringe is made up of a cylindrical barrel, a plunger, and a suggestion that can be connected to a needle.
Hypodermic syringes and needles are used to inject or withdraw fluid from the body, as well as to administer drugs. Hypodermic syringes and needles enable accurate and precise delivery of medications and other liquids, making them an important instrument in medical treatment and care. For instance, the Aesthetic Society, a US-based worldwide organisation, reported that surgical operations will increase by 54% in 2021. As a result, the market for hypodermic syringes and needles will grow due to rising demand.
Market segmentation:-
In addition to competitive analysis, the report offers an in-depth segmentation of the market. By breaking down the Hypodermic market into different categories, businesses can identify specific areas of growth and tailor their strategies accordingly. This segmentation provides insights into demand patterns, production levels, and consumption trends, helping organizations make more informed decisions.
The hypodermic industry deals with the manufacture of syringes, needles, and other injection-related devices for medications and vaccines. This is a very important market for healthcare delivery, particularly in this era of vaccination and chronic disease management. Major players in the hypodermic industry include Becton, Dickinson and Company (BD), which is a leading manufacturer known for its innovative needle technology, and Terumo Corporation, known for high-quality medical devices.
Other major players in the hypodermic include Smiths Medical and Covidien, both of which provide a variety of hypodermics suited for different types of uses. With the increasing need for safe and efficient drug delivery systems owing to better medical technology and additional healthcare dollars, the hypodermic industry is expected to see further growth.
In June 2021, Hindustan Syringes & Medical Devices introduced the DispoJekt Safety Needle, which is intended to avoid needle-stick injuries and improve safety for both patients and healthcare personnel.
Some of the key companies in the global Hypodermic Market include:
- Terumo Corporation
- Albert David Ltd
- Becton
- Dickinson and Company
- Nipro Corporation
- Smiths Medical
- Hindustan Syringes & Medical Devices Limited etc.
The Hypodermic market research content is built on a foundation of advanced research methodologies and expert analysis. Emergen Research combines data from multiple sources to ensure accuracy and reliability. The content includes detailed reports, case studies, whitepapers, and trend analyses that cover a wide range of industries.
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