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Hypodermic Needles Market by Key Players BD, Medtronic, Retractable Technologies, Terumo Medical Corporation, Smiths Medical, 2018-2025

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Los Angeles, CA -- (SBWIRE) -- 12/20/2018 -- This study researches the market size of Hypodermic Needles in United States, European Union and China, presents the Hypodermic Needles production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2013 to 2018.

Hypodermic needles are hollow needles with sharp tip attached with syringes to inject or extract fluids from the body.

Increasing prevalence of chronic diseases and technological advancements in hypodermic needle-based drug delivery are some of the major growth drivers of the global hypodermic needles market. According to an article published by the National Center for Biotechnology Information (NCBI), diabetes affected 285 million people worldwide in 2010 and the number is likely to reach 439 million by 2030. Increasing prevalence of diabetes has resulted in a significant rise in demand for hypodermic and insulin syringes.

However, high risk of infections associated with administration of drug delivery through hypodermic needles restrains growth of this market. In addition, increased risk of needle stick injuries and availability of alternatives also restrain growth of the global hypodermic needles market. Rapid product launches and increasing mergers and acquisitions between manufacturing companies and government organizations are some of the recent trends in the global hypodermic needles market.

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In 2018, the market size of Hypodermic Needles is 2940 million US$ and it will reach 4720 million US in 2025, growing at a CAGR of 6.1% from 2018; while in China

In this report, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Hypodermic Needles.

In United States, European Union and China market, the following companies are covered:

BD

Medtronic

Retractable Technologies

Terumo Medical Corporation

Smiths Medical

...

Market Segment by Product Type

Safety Needle

Non-Safety Needle

Market Segment by Application

Hospitals

ASCs

Homecare

Key Regions split in this report:

United States

China

European Union

Rest of World (Japan, Korea, India and Southeast Asia)

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