DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Hypodermic Needle Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global hypodermic market is expected to grow at a CAGR of 7.4% during 2016 - 2022.
Hypodermic needles are mainly of two types - safety hypodermic needle and non-safety hypodermic needle. Safety hypodermic needles have safety mechanism to prevent healthcare professional from exposure to needle stick injuries. However, the non-safety hypodermic needles refer to the conventional syringe needles which lacked safety mechanisms, and have higher chances of needle stick injuries.
The growing geriatric population, increasing prevalence of chronic and lifestyle associated diseases, increasing demand for vaccines, and increasing compliance for safety needles are the key factors driving the growth of the global market. The innovation for safety from needle stick is the major concern for regulatory bodies, as the number of logged needle stick injuries in healthcare workers is high. Therefore, new regulation in various regions would mandate the complete use of safety hypodermic needle to prevent needle stick injuries. For instance, WHO hosts and coordinates the Safe Injection Global Network (SIGN) to promote and sustain injection safety worldwide.
The safety needles have two modes of activation - passive and active, where passive hypodermic needle led the global safety hypodermic needle market in 2015. The passive hypodermic needle is also expected to witness higher growth during the forecast period due to its several advantages over conventional hypodermic needles. Automatic safety mechanisms and ease of use are the key growth drivers for the global passive hypodermic needle market.
Opportunities In The Global Hypodermic Needle Market
- Adoption Of Hypodermic Needles In Emerging Markets
Factors Driving The Growth Of The Market And Its Impact On Market Forecast
- Growing Geriatric Population
- Increasing Prevalence Of Chronic Diseases And Lifestyle Associated Diseases
- Increasing Demand For Vaccines
- Increasing Compliance Of Safety Needles
- Impact Analysis Of Drivers On Market Forecast
Factors Hindering Growth Of The Market And Its Impact On Market Forecast
- Alternative Drug Delivery Methods
- High Cost Of Hypodermic Needles
- Impact Analysis Of Restraints On Market Forecast
Some of the players operating in the global market include
- Vygon S.A.
- Catalent Inc.
- Terumo Corporation
- Retractable Technologies Inc.
- Connecticut Hypodermics Inc.
- Medpro Safety Products, Inc
- B. Braun Melsungen Ag
- Albert David Ltd.
- Becton, Dickinson And Company
- Medtronic Plc
For more information about this report visit http://www.researchandmarkets.com/research/9rnw4g/global_hypodermic