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Hypodermic Syringes & Needles Market Size

  • Report ID: GMI5556
  • Published Date: Apr 2023
  • Report Format: PDF

Hypodermic Syringes & Needles Market Size

Hypodermic Syringes & Needles Market size exceeded a valuation of USD 6.5 billion in 2022. The industry is anticipated to grow at a 3% CAGR from 2023 to 2032, driven by the increasing burden of chronic conditions and infectious diseases.

 

The demand for hypodermic needles & syringes is primarily fueled by mounting surgeries and procedural volumes across the world. The rapid growth in the elderly population is boosting the need for medical surgeries to enhance their quality of life. Furthermore, ongoing advancements are also enhancing the outlook for minimally invasive surgical procedures that employ safe, sterile, and less-invasive equipment, such as hypodermic syringes & needles in treating multiple ailments, which is likely to complement the business share.
 

 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for hypodermic syringes & needles was valued at more than USD 6.5 billion in 2022 and is primed to progress at 3% CAGR between 2023 and 2032 propelled by the increasing burden of chronic conditions and infectious diseases.

The needles segment accounted for nearly 53% market share in 2022 as a result of the emergence of vaccination campaigns and their surging use in medical procedure that incorporates hypodermic needles.

Hospitals end-use segment is anticipated to garner a value of more than USD 5 billion by the end of 2032 owing to ongoing advancements in medical technology, increased awareness regarding infection control, and the need for accurate and precise medication administration.

North America hypodermic syringes & needles growth is slated to surpass a valuation of USD 2.5 billion by 2032 on account of the booming prevalence of cardiovascular diseases, mounting cases of diabetes, and frequent novel product launches, especially in the U.S.

Hypodermic Syringes & Needles Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 359
  • Countries covered: 31
  • Pages: 200
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