Demand for Hypodermic Needles Expected to Surge in Coming Years

Demand for Hypodermic Needles Expected to Surge in Coming Years

Published Nov 15, 2022 

The growing incidence of various lifestyle-associated and chronic diseases and the soaring geriatric population in several countries are the major factors fueling the sales of hypodermic needles across the world. In addition to this, the rising concerns being raised over needlestick injuries are further boosting the demand for hypodermic needles. The Safe Injection Global Network (SIGN), under the World Health Organization (WHO), frequently conducts workshops and events all over the world for raising public awareness about safe injection methods and practices.

The increasing prevalence of needlestick injuries is another important factor contributing to the mushrooming popularity of hypodermic needles throughout the world. These needles are long, hollow, and cylindrical in shape and are primarily used with syringes for injecting and extracting fluids from the human body. These needles are available in two forms namely reusable and disposable. The reusable needles are required to be thoroughly sterilized before they are reused. These needles are majorly used by diabetics for administering insulin in their bodies.

Apart from being widely used by diabetics, hypodermic needles are also extensively used in research institutes and organizations for reducing the chances of contamination during inoculation programs. Thus, with the increasing usage of these needles in various applications, the global hypodermic needle market will demonstrate huge expansion in the forthcoming years, as per the estimates of P&S Intelligence, a market research organization based in India. Safety and non-safety needles are the two hypodermic needle variants available all over the world.

Between these two needles, the sales of the safety needles are currently being observed to be higher. This is ascribed to the fact that these needles possess a safety mechanism which prevents the occurrence of needlestick injuries in patients. This feature is not available in the non-safety needles. In addition to this, the safety needles are produced in compliance with the existing safety regulations and standards and are thus, experiencing huge demand all over the globe.

Diagnostic centers and hospitals are the major end users of the hypodermic needles. Of these, the usage of these needles is currently higher in the hospitals. This is credited to the rising number of people visiting hospitals for the diagnosis and treatment of various diseases and medical conditions. Moreover, the increasing incidence of various chronic diseases, rising implementation of government initiatives in several countries for promoting safe injection techniques, and the growing consumer preference for safety hypodermic needles in hospitals.

In the coming years, the North American hypodermic needle market is predicted to exhibit rapid expansion. This is attributed to the rising incidence of lifestyle-associated and chronic diseases in the region and the increasing patient preference for safe injection methods in the North American countries. However, despite these growth drivers, the sales of the hypodermic needles will increase at a faster rate in the Asia-Pacific (APAC) region in the forthcoming years, mainly on account of the improving healthcare facilities and the increasing public awareness of safe injection practices and usage of syringes in the region.

Hence, it is certain that the sales of hypodermic needles will rise tremendously throughout the world in the years to come, primarily because of the growing incidence of lifestyle-associated and chronic diseases, soaring geriatric population, and the rising prevalence of needlestick injuries across the world.