Syringe and Needle Market 2022-2027 report provides a detailed perspective and is a professional overview of current state affairs, with the key players
May 27, 2022
In addition, the global syringe and needle market is expected to grow at a CAGR of 7.3%, with a value of USD 10,480.40 million over the projected year of 2022-2025.
Needles are disposable hollow needles that are used in pen injectors to deliver pharmaceutical medications to the body’s surrounding tissues. For increased security and disinfection, the needle is fixed in the plastic hub of the medical injector pen and is made up of plastic caps and individual packaging. Electro-polishing processes are used in the production of pen needles to generate smooth, fine, and thin point tips for easy entrance. They come in a variety of gauge sizes and lengths and are mostly used by diabetic patients who require numerous insulin injections each day. Pen needles are less expensive, more handy, portable, and do not require refrigeration than standard syringes and vials.
When your body does not produce or use insulin properly, you can use man-made insulin to help regulate your blood sugar. Diabetes can result in neuropathic discomfort, kidney failure, blindness, heart disease, and disability. The great majority have type 2 diabetes, which is related to obesity and a lack of physical activity. As individuals embrace more Western, metropolitan lives, cases are spreading more quickly in the developing globe.
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The global syringe and needle market has been segmented into five types: applications, material type, end-user, and regional basis. As per the type section, the market is further divided into seven types: blood collection syringe and needles, bone marrow syringe and needles, ophthalmic syringe and needles, catheter syringe and needle, epidural syringe and needles, and dental blood collection syringe and needles. The syringe and needle market is further divided into seven sections diagnostic, general surgery, orthopedics, respiratory, dental, cardiovascular, and neurology with the application type. According to the material type, the global market is classified into two sections disposable and reusable. With the end-user section, the global market is divided into diagnostic centers, home care, and hospitals & clinics. As per the regional analysis, the market is further divided into five sections Asia-Pacific, North America, South America, Europe, and Middle East & Africa.
Because of the syringe and needle market in the United States, the North American area is likely to boost. According to a 2019 study by the Centers for Disease Control and Prevention, heart disease is the top cause of death in the United States for men, women, and people of most racial and ethnic groups. In the United States, one person dies from cardiovascular disease every 37 seconds. Every year, around 647,000 Americans die from heart disease, accounting for roughly one in every four deaths in the United States. Needles and syringes are critical components of CVD treatments and therapy. As a result of the disease’s high incidence, the syringe and needle industry is predicted to rise.
The bulk of open system syringes and needles are manufactured by a few significant manufacturers. Market leaders with greater research and a superior distribution strategy have built their market position. Furthermore, due to increased awareness, several minor players are emerging in Asia-Pacific. This has also aided market growth.
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