Hypodermic Needle Market Analysis, Demand, Growth Opportunities and Recent Trends by Leading Manufacturers and Regions
The global hypodermic needle market is projected to grow at a CAGR of 7.4% during 2016–2022. The major factors driving the growth of the market are the increasing geriatric population, demand for vaccines and better compliance of safety needles, and prevalence of chronic and lifestyle-associated diseases. The hollow needles used for extracting body fluids or injecting drugs or other substances into the bodily are referred to as hypodermic needles. They are used by healthcare professionals for the treatment and diagnosis of various diseases. On the basis of type, the hypodermic needle market is categorized into safety and non-safety needles. Out of these, safety needles occupied the larger share of the market during the historical period (2012–2015). The category is further predicted to grow at the faster pace during the forecast period. This is attributed to the integration of safety features in these needles, which are either automatically/semi-automatically or manually activa...