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Needles Market to Reach US$ 8.3 Billion by 2025

The needles market was valued at US$ 5.75 billion in 2017 and is expected to witness a robust CAGR of 7.6% over the forecast period (2017–2025). Rising prevalence of chronic diseases worldwide is expected to be factor driving growth of the needles market

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Needles Market - Global Trends, and Forecast till 2025

Rising geriatric population is expected to drive growth of the needles market. As per World Population Prospect, 2017 Revision report by United Nations in 2017, there were 962 million people, under the geriatric category (people aged 60 years and above). By 2030, this is projected to be 1.4 billion increasing at an annual rate of 3%. Geriatric people require frequent hospitalizations due to aging-associated diseases such as heart disease, stroke, diabetes and falling injuries. In certain cases, surgery is required which leads to hospitalization.

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Global needles market include - PowerPoint PPT Presentation

Needles Market to Reach US$ 8.3 Billion by 2025

Needles Market - Global Trends, and Forecast till 2025