(Health-NewsWire.Net, February 03, 2016 ) the governments worldwide have started implementing various legislations, which limits the frequency of actions leading to needle stick injuries (NSI). Such legislations around the world mandate the usage of safety needles, thus preventing the risk of infections. This is further fuelling growth of the market globally. The growth of the market is further supported by the technological advancements in hypodermic needle based delivery of drugs.
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Hypodermic needles are hollow needles, which are attached with hypodermic syringes for injecting and extracting fluids from the body. These needles are long cylindrical devices having a puncturing point at the tip to pierce the patient’s skin. These needles can be disposable, as well as reusable. The reusable needles are used by individuals, such as diabetes patients to administer their own insulin shots. The reusable needles need to be sterilized before use, as they may lead to various infections, or transmit diseases if they are not clean. Thus, the increasing prevalence of diabetes globally is acting as driver for the increased demand of hypodermic needles.
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Geographically, North America holds the major share in the global market, driven by the growth of aging population. In addition, the increasing government legislations and growth of chronic diseases is also leading to growth of the market in the region. The market in Asia is expected to be driven by the high growth of the market in Japan, China and India, which are expected to be the fastest growing markets in the region. The key growth driving factors of the market in developing countries is growing awareness about the usage of hypodermic needles, and increasing aging population.
Some of the major companies operating in the global hypodermic needles market are Covidien Ltd., Becton, Dickinson and Company, Albert David Ltd., Terumo Corp., Catalent Pharma Solutions, Retractable Technologies Inc., B-Braun Melsungen AG, Connecticut Hypodermics Inc., C.R. Bard, Vygon SA, Hi-Tech Syringes, Exel International, MedPro Safety Products, Hindustan Syringes & Medical Devices Ltd., MW Industries Inc., Needletech Products Inc., Revolutions Medical Corp., Simply Surgicals LLC, Safety Medical Supply International, Smiths Medical, Unilife Corp., Vigmed AB, Vita Needle Company, and Hamilton Syringes & Needles.
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Hypodermic Needles Market Segmentation By Type Safety needles o Active hypodermic needles o Manual devices o Semi-Automatic devices o Passive hypodermic needles Non-safety needles By Application Hospitals Diagnostic centers/Clinics At-Home Geographical Segmentation North America o U.S o Canada o Rest of North America
Europe o U.K. o Germany o France o Italy o Spain o Russia o Rest of Europe
Asia o India o China o Japan o Rest of Asia
ROW o Australia o Brazil o Rest of ROW
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