North America Hypodermic Needles Market Share and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028North America Hypodermic Needles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Safety Needles, and Non-safety Needles), Application (Drug Delivery, Vaccination, and Blood Specimen Collection), End-Users (Diagnostic Centers, Hospitals and Clinics, and Home Health Care), and Usage (Disposable, and Reusable)
- Report Date : Dec 2021
- Report Code : TIPRE00026313
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 138
The North America hypodermic needles market is expected to reach US$ 2,427.9 million by 2028 from US$ 1,424.0 million in 2021. The market is estimated to grow at a CAGR of 7.0% from 2021–2028.
Diabetes is another life-threatening chronic disease with no functional cure. Diabetes of all types can lead to various complications in different parts of the body and increase the overall risk of premature death. Heart attack, stroke, kidney failure, leg amputation, vision loss, and nerve damage are the major complications associated with diabetes. In diabetic patients, the exogenous insulin is usually administered through a subcutaneous route of administration for diabetes management. The wide acceptance of hypodermic needles for insulin delivery, enabling self-administration and accurate dosing, is driving the hypodermic needles market significantly. Also, most biotherapeutics are injected using a hypodermic needle injection as they provide a low-cost, rapid, and direct way to deliver almost any type of molecule into the body. Hence, the adoption of the hypodermic needle is increasing, leading to high North America market growth.
The COVID-19 pandemic has resulted in many hospital admissions. These hospital admissions are followed by various tests using blood samples and various medications, which is expected to further fuel the market growth. Also, the rise in COVID-19 vaccinations has been observed, which will lead to increased demand for syringes and needles. The vaccine campaign has placed the spotlight on syringes and needles. Companies in the hypodermic needles are capitalizing on business opportunities with unprecedented demand for single-use needles. The COVID-19 pandemic has necessitated rapid vaccine development for the control of the disease. Most vaccinations, including those currently approved for COVID-19, are administered intramuscularly and subcutaneously using hypodermic needles. Manufacturers in the hypodermic needles market are maintaining robust supply chains to meet requirements for vaccine campaigns and ongoing COVID-19 cases of patients in hospitals.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the hypodermic needles market. The North America hypodermic needles market is expected to grow at a good CAGR during the forecast period.
North America Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Million)
North America Hypodermic Needles Market Segmentation
By Type
- Safety Needles
- Retractable Needles
- Non-retractable Needles
- Non-safety Needles
By Application
- Drug Delivery
- Vaccination
- Blood Specimen Collection
By End User
- Hospitals and Clinics
- Diagnostic Centers
- Home Health Care
By Usage
- Disposable
- Reusable
By Country
- North America
- US
- Canada
- Mexico
Companies Mentioned
- EXELINT International, Co.
- Terumo Corporation
- BD
- B. Braun Melsungen AG
- Catalent Inc
- Cardinal Health Inc
- Vita Needle Company
- Connecticut Hypodermics Inc.
- Vygon
- Barber of Sheffield
- RETRACTABLE TECHNOLOGIES, INC.
- AIR-TITE PRODUCTS CO., INC.
North America Hypodermic Needles Report Scope
Report Attribute
Details
Market size in 2021
US$ 1,424.0 Million
Market Size by 2028
US$ 2,427.9 Million
Global CAGR (2021 - 2028)
7.0%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Type - Safety Needles
- Non-safety Needles
By Application - Drug Delivery
- Vaccination
- Blood Specimen Collection
By End-Users - Diagnostic Centers
- Hospitals and Clinics
- Home Health Care
By Usage - Disposable
- Reusable
Regions and Countries Covered
North America - US
- Canada
- Mexico
Market leaders and key company profiles
EXELINT International, Co.
Terumo Corporation
BD
B. Braun Melsungen AG
Catalent Inc
Cardinal Health Inc
Vita Needle Company
Connecticut Hypodermics Inc.
Vygon
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,424.0 Million |
| Market Size by 2028 | US$ 2,427.9 Million |
| Global CAGR (2021 - 2028) | 7.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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