Persistence Market Research is released new forthcoming report on title "Hypodermic Needles Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 12/09/2014 -- Hypodermic needles are hollow needles, attached with a syringe which inject and extract samples from the body. Hypodermic needle also plays an important role in research procedures and reduces contamination during inoculation of a sterile substrate.
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Based on safety features of the needle, the global hypodermic needles market is segmented into safety and non-safety needles. Safety needles sub-segment is further sub-divided into active and passive hypodermic needles. Active hypodermic needles are categorized into manual and semi-automatic devices.
In terms of geography, North America dominates the global hypodermic needles market. This is due to increased awareness about importance of hypodermic needles in the region. The U.S. represents the largest market for hypodermic needles followed by Canada in North America. In Europe, Germany, Italy, the U.K. and France holds major share of hypodermic needles market. However, Asia is expected to show high growth rates in the next five years in global hypodermic needles market. This is due to many companies constructing their R&D facilities in the region. Less stringent wages and availability of skilled labor attracts manufacturing companies to invest in Asia. In addition, increasing awareness about various chronic diseases is also supporting in the growth of hypodermic needles market in the region. Japan, China and India are expected to be the fastest growing hypodermic needles markets in Asia.
In recent time, increasing prevalence of chronic diseases and technological advancements in hypodermic needles based drug delivery are some of the major drivers of the global hypodermic needles market. For instance, 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 expected to reach 439 million by 2030. This increasing prevalence of diabetes has resulted in significant rise in demand of hypodermic and insulin syringes to maintain blood glucose level in diabetics.
Moreover, introduction and enforcement of various legislations in various countries for the mandatory usage of safety needles have also fueled the growth of global hypodermic needles market. The introduction and enforcement of such legislation, healthcare and pharmaceutical markets around the world are transitioning to the mandatory use of safety needles to help protect from several infections. These mandatory regulations maintain high impact on the growth of global hypodermic needles market.
However, high risks of infections associated with administration of drug delivery by hypodermic needles obstruct the growth of this market. In addition, increased risk of needle stick injuries and availability of alternatives also hampers the growth of global hypodermic needles market. Rapid product launches and increasing mergers and acquisitions between manufacturing companies and government associations are some of the major trends for the global hypodermic needles market.
Some of the major companies operating in the global hypodermic needles market are Becton, Dickinson and Co., Retractable Technologies Inc., Covidien Ltd., Terumo Corp., Albert David Ltd., Catalent Pharma Solutions, B-Braun Melsungen AG, Connectinut Hypodermics Inc., Exel International, C.R. Bard, Hamilton Syringes & Needles, Hi-Tech Syringes, Hindustan Syringes & Medical Devices Ltd., MedPro Safety Products, Needletech Products Inc., MW Industries Inc., Revolutions Medical Corp., Simply Surgicals LLC, Safety Medical Supply International, Smiths Medical, Vigmed AB, Unilife Corp., Vita Needle Co. and Vygon SA.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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