1 / 5

Boom Expected in Hypodermic Needle Market in Future

The burden of chronic diseases has been increasing rapidly since a long time now. As per the World Health Organization (WHO), chronic diseases account for about 60% of all deaths. It has been further estimated that the percentage would rise to 73% by 2020. The four most prevalent chronic diseases, namely chronic obstructive pulmonary disease, cardiovascular diseases, type 2 diabetes, and cancer, are mostly lifestyle associated diseases and can be prevented. Some of the major risk factors for these diseases are excessive tobacco usage, unhealthy diet, and physical inactivity.

psmarketresearch2017
Download Presentation

Boom Expected in Hypodermic Needle Market in Future

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Increasing Occurrence of Needlestick Injuries Driving Sales of Hypodermic Needles 1 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  2. The rising prevalence of needlestick injuries is rapidly becoming a major concern area for people, healthcare practitioners, and governments across the world. As hypodermic needles play a major role in reducing the incidence of needlestick injuries, the growing prevalence of these injuries is pushing up their worldwide demand. These needles are commonly used with syringes for injecting and extracting fluids from the body of patients. These needles are long, hollow, and cylindrical with a very small opening at the tip, which is meant for administering or extracting fluids from the body. The other major factors driving the demand for these needles are the surging prevalence of chronic diseases such as diabetes and the soaring healthcare expenditure in several countries. According to the World Health Organization (WHO), 422 million people are currently suffering from diabetes across the world. The organization also found that diabetes claims 1.6 million lives globally every year. Because of these reasons, many governments are increasing their healthcare spending, which is, in turn, fueling the sales of hypodermic needles. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/hypodermic-needles- market/report-sample Apart from the aforementioned factors, the surging population of aging people and the growing public awareness about safe injection practices, on account of the increasing number of events being launched by various organizations such as the WHO and the Safe Injection Global Network (SIGN), are also driving the expansion of the hypodermic needle market. According to the World Population Ageing 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years or above will rise from 727 million in 2020 to more than 1.5 billion by 2050. Owing to the above-mentioned factors, the hypodermic needle market will progress at a CAGR of 7.4% from 2016 to 2022. Reusable and disposable are the main two types of hypodermic needles. Reusable needles must be sterilized before reuse. These needles are extensively used by people suffering from diabetes, who use them for administering insulin in their bodies. Additionally, these needles are finding applications in research organizations, as they help in reducing the chances of contamination during inoculation. Geographically, the sales of hypodermic needles are currently the highest in North America, as per the observations of the market research company, P&S Intelligence. This is attributed to the growing incidence of lifestyle-associated and chronic diseases and the surging focus on the adoption of safe injection practices and solutions for reducing the chances of needlestick injuries in the region. In the coming years, the hypodermic needle market is expected to register the fastest growth in Asia-Pacific (APAC), owing to the growing public 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  3. awareness about the safe use of syringes in the region. Thus, the sales of hypodermic needles are certain to soar in the coming years, primarily because of the growing incidence of diabetes and other chronic diseases and needlestick injuries, mushrooming population of geriatric people, and increasing public awareness about safe injection practices and technologies all over the world. GLOBAL HYPODERMIC NEEDLE MARKET By Type By end user By region • • • GLOBAL HYPODERMIC NEEDLE MARKET, BY TYPE Safety hypodermic needle • oPassive hypodermic needle Retractable hypodermic needle Non-retractable hypodermic needle ▪ ▪ oActive hypodermic needle Retractable hypodermic needle Non-retractable hypodermic needle Non-safety hypodermic needle ▪ ▪ • GLOBAL HYPODERMIC NEEDLE MARKET, BY END USER Hospital Diagnostic center Others • • • GLOBAL HYPODERMIC NEEDLE MARKET, BY GEOGRAPHY North America Hypodermic Needle Market By type By end user By country – U.S., Canada, and Rest of North America • • • Europe Hypodermic Needle Market By type By end user By country – Germany, France, U.K., Italy, and Rest of Europe • • • Asia-Pacific Hypodermic Needle Market By type By end user By country – Japan, China, India, and Rest of Asia-Pacific • • • 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  4. Rest of the World (RoW) Hypodermic Needle Market By type By end user By country – Brazil and Rest of RoW • • • 4 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 5 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

More Related