Hypodermic Syringes And Needles Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
28 Jul, 2023
The global hypodermic syringes and needles market size is expected to grow from $6.80 billion in 2022 to $7.00 billion in 2023 at a compound annual growth rate (CAGR) of 2.97%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hypodermic syringes and needles market size is expected to reach $7.96 billion in 2027 at a CAGR of 3.25%.
Global Hypodermic Syringes And Needles Market Key Driver
The growing demand for syringes and needles will boost the market for hypodermic syringes and needles. Medical syringes and needles are used to inject or extract body fluids. A syringe is made up of a cylindrical barrel, a plunger, and a needle-attachable tip. Needles are slender, hollow, and pointy objects that connect to the end of a syringe. A syringe is made up of a cylindrical barrel, a plunger, and a needle-attachable suggestion. Hypodermic syringes and needles are used to inject or remove fluids from the body, as well as to administer drugs. Hypodermic syringes and needles provide exact and precise drug and liquid distribution, making them a significant tool in medical treatment and care.
Get a sample of the global hypodermic syringes and needles market reportGlobal Hypodermic Syringes And Needles Market Segments
The global hypodermic syringes and needles market is segmented:
1) By Type: Syringes, Needles
2) By Usability: Disposable, Re-Usable
3) By Ap0plication: Blood Collection, Drug Delivery, Vaccination, Insulin Administration, Other Applications
4) By End-Use: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Other End-Uses
5) By Geography: The regions covered in the hypodermic syringes and needles market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global hypodermic syringes and needles market.
Major Hypodermic Syringes And Needles Industry Players
Becton, Dickinson And Company, B. Braun Melsungen AG, Cardinal Health Inc., Smiths Medical Inc., Terumo Corporation, Nipro Corporation, Connecticut Hypodermics Inc., Medline Industries LP, EXELINT International Co., Vita Needle Company, Vitrex Medical A/S, Hi-Tech Syringes Pvt. Ltd., Hindustan Syringes & Medical Devices, Gerresheimer AG, Teleflex Incorporated
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Hypodermic Syringes And Needles Market Overview
Hypodermic syringes and needles are medical devices used to inject or withdraw bodily fluids or medications. The syringe consists of a barrel, a plunger, and a tip or hub where the needle is attached.
Hypodermic Syringes And Needles Global Market Report 2023 provides data on the global hypodermic syringes and needles market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hypodermic syringes and needles market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.