The global hypodermic needles market size is expected to grow at a significant CAGR of 5.98% during the forecast period 2020-2027. The hypodermic needle is a hollow tube with a sharp tip commonly used with a syringe to inject the substance into the body or to extract fluid from the body. Hypodermic needles find applications in pharmaceuticals, biotechnology, hospitals, pathology laboratories, etc.
The hypodermic needles market is currently dominated by North America due to the aging population and rising public awareness regarding mandatory use of safety needles. On the other hand, Asia Pacific is anticipated to be the fastest-growing market because of deep market penetration due to growing geriatric population, presence of key players involved in the manufacture of hypodermic needles, and large disposable incomes.
According to the recent report published by Research Corridor, the Global Hypodermic Needles Market is expected to provide sustainable growth opportunities during the forecast period from 2020 to 2027. This latest industry research study analyzes the Hypodermic Needles market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants.
The report titled “Hypodermic Needles Market – Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast – 2020 – 2027” offers a holistic view of the Hypodermic Needles industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Hypodermic Needles market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Hypodermic Needles Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The hypodermic needles market is majorly segmented into products safety hypodermic needles and non-safety hypodermic needles; safety hypodermic needles comprise of (active and passive hypodermic needles). Safety hypodermic needles held the largest market share in the product segment due to factors such as rising demand for personal medication, mandatory requirement as per regulatory agencies for its use in healthcare purposes, and patient compliance.
The Hypodermic Needles Market Segmentation:
By Product, 2018–2027 ($ Million)
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