North America Hypodermic Needles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Safety Needles, and Non-safety Needles), Application (Drug Delivery, Vaccination, and Blood Specimen Collection), End-Users (Diagnostic Centers, Hospitals and Clinics, and Home Health Care), and Usage (Disposable, and Reusable)
Market Introduction
The safety needles market is anticipated to grow in the forecast period owing to driving factors such as high prevalence of blood-borne disease, active government participation to implement stringent regulations, increase in demand for injectable drugs & vaccines and untapped potential in the emerging economies. Nevertheless, high cost of safety needles and alternative drug delivery options are expected to hamper the market growth during the forecast period.
Moreover, the surge in demand for vaccines is expected to bolster the market growth during the forecast period.
The COVID-19 pandemic has resulted in many hospital admissions. These hospital admissions are followed by various tests using blood samples and various medications, which is expected to further fuel the market growth. Also, the rise in COVID-19 vaccinations has been observed, which will lead to increased demand for syringes and needles. The vaccine campaign has placed the spotlight on syringes and needles. Companies in the hypodermic needles are capitalizing on business opportunities with unprecedented demand for single-use needles. The COVID-19 pandemic has necessitated rapid vaccine development for the control of the disease. Most vaccinations, including those currently approved for COVID-19, are administered intramuscularly and subcutaneously using hypodermic needles. Manufacturers in the hypodermic needles market are maintaining robust supply chains to meet requirements for vaccine campaigns and ongoing COVID-19 cases of patients in hospitals.
Market Overview and Dynamics
The North America hypodermic needles market is expected to reach US$ 2,427.9 million by 2028 from US$ 1,424.0 million in 2021. The market is estimated to grow at a CAGR of 7.0% from 2021–2028. As per the CDC, direct costs for testing and treatment can range from US$ 500 to US$ 3,000 per injury. Safety needles are designed to deliver drugs by maintaining safety features for avoiding needlestick injuries. Safety-engineered devices protect healthcare workers from avoidable needlestick injury and risk of infection with Hepatitis or even HIV. Introducing safety devices is essential to remove unnecessary risks from the healthcare professional’s working environment. The demand for safety hypodermic needles is likely to increase with the rising popularity of safety syringes and needles supported by the Needlestick Safety and Prevention Act that reduces unnecessary costs and needlestick injuries. The enforcement of such legislation will stimulate demand for North America hypodermic needles market in the coming years.
Key Market Segments
In terms of type, the safety needles segment accounted for the largest share of the North America hypodermic needles market in 2020. In terms of application, the drug delivery segment accounted for the largest share of the North America hypodermic needles market in 2020. In terms of end user, the hospital segment accounted for the largest share of the North America hypodermic needles market in 2020. Further, based on usage, the disposable segment held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the hypodermic needles market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are EXELINT International, Co., Terumo Corporation, BD, B. Braun Melsungen AG, Catalent Inc., Cardinal Health Inc., Vita Needle Company, Connecticut Hypodermics Inc., Vygon, Barber of Sheffield, RETRACTABLE TECHNOLOGIES, INC., and AIR-TITE PRODUCTS CO., INC.
Reasons to Buy Report
- To understand the North America hypodermic needles market landscape and identify market segments that are likely to guarantee a strong return
- To comprehend the ever-changing market landscape and stay ahead in competition
- To efficiently plan merger and acquisition, and partnership deals in the North America hypodermic needles market by identifying segments with the most promising probable sales
- To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
- To obtain market revenue forecast of the North America hypodermic needles market based on various segments for the period 2021–2028
NORTH AMERICA HYPODERMIC NEEDLES MARKET SEGMENTATION
- Safety Needles
- Retractable Needles
- Non-retractable Needles
- Non-safety Needles
- Drug Delivery
- Vaccination
- Blood Specimen Collection
- Hospitals and Clinics
- Diagnostic Centers
- Home Health Care
- Disposable
- Reusable
By Country
- North America
- US
- Canada
- Mexico
Companies Mentioned
- EXELINT International, Co.
- Terumo Corporation
- BD
- B. Braun Melsungen AG
- Catalent Inc
- Cardinal Health Inc
- Vita Needle Company
- Connecticut Hypodermics Inc.
- Vygon
- Barber of Sheffield
- RETRACTABLE TECHNOLOGIES, INC.
- AIR-TITE PRODUCTS CO., INC.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Hypodermic Needles Market – By Type
1.3.2 North America Hypodermic Needles Market – By Application
1.3.3 North America Hypodermic Needles Market – By End User
1.3.4 North America Hypodermic Needles Market – By Usage
1.3.5 North America Hypodermic Needles Market – By Country
2. North America Hypodermic Needles Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Hypodermic Needles Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Experts Opinion
5. Hypodermic Needles Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Chronic Diseases
5.1.2 Surge in Demand for Vaccines
5.2 Market Restraints
5.2.1 Availability of Alternatives
5.3 Market Opportunities
5.3.1 Rising Use of Safety Needles Worldwide
5.4 Future Trends
5.4.1 Technological Advancements in Design of Hypodermic Needles
5.5 Impact Analysis
6. Hypodermic Needles Market – North America Analysis
6.1 North America Hypodermic Needles Market Revenue Forecast and Analysis
7. Hypodermic Needles Market Analysis– by Type
7.1 Overview
7.2 Hypodermic Needles Market Revenue Share, by Type (2020 & 2028)
7.3 Safety Needles
7.3.1 Overview
7.3.2 Safety Needles: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Retractable Needles
7.3.3.1 Overview
7.3.3.2 Retractable Needles: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
7.3.4 Non-retractable Needles
7.3.4.1 Overview
7.3.4.2 Non-retractable Needles: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Non-safety Needles
7.4.1 Overview
7.4.2 Non-safety Needles: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
8. Hypodermic Needles Market Analysis – by Application
8.1 Overview
8.2 Hypodermic Needles Market Revenue Share, by Application (2020 & 2028)
8.3 Drug Delivery
8.3.1 Overview
8.3.2 Drug Delivery: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Vaccination
8.4.1 Overview
8.4.2 Vaccination: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
8.5 Blood Specimen Collection
8.5.1 Overview
8.5.2 Blood Specimen Collection: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
9. Hypodermic Needles Market Analysis– by End User
9.1 Overview
9.2 Hypodermic Needles Market Revenue Share, by End User (2020 & 2028)
9.3 Hospitals and Clinics
9.3.1 Overview
9.3.2 Hospitals and Clinics: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
9.4 Diagnostic Centers
9.4.1 Overview
9.4.2 Diagnostic Centers: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
9.5 Home Health Care
9.5.1 Overview
9.5.2 Home Health Care: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
10. Hypodermic Needles Market Analysis– by Usage
10.1 Overview
10.2 North America Hypodermic Needles Market Share by Usage 2020 & 2028 (%)
10.3 Disposable
10.3.1 Overview
10.3.2 Disposable: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
10.4 Reusable
10.4.1 Overview
10.4.2 Reusable: Hypodermic Needles Market Revenue and Forecast to 2028 (US$ Mn)
11. North America Hypodermic Needles Market Geographic Analysis
11.1 North America: Hypodermic Needles Market
11.1.1 Overview
11.1.2 North America: Hypodermic Needles Market, by Country, 2021 & 2028 (%)
11.1.2.1 US: Hypodermic Needles Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.1 US: Hypodermic Needles Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.2 US Hypodermic Needles Market, by Type – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.2.1 US Hypodermic Needles Market, by Safety Needles – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.3 US: Hypodermic Needles Market, by Application – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.4 US: Hypodermic Needles Market, by End User – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.5 US: Hypodermic Needles Market, by Usage– Revenue and Forecast to 2028 (USD Million)
11.1.2.2 Canada: Hypodermic Needles Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.1 Canada: Hypodermic Needles Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.2 Canada: Hypodermic Needles Market, by Type – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.2.1 Canada: Hypodermic Needles Market, by Safety Needles – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.3 Canada: Hypodermic Needles Market, by Application – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.4 Canada: Hypodermic Needles Market, by End User – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.5 Canada: Hypodermic Needles Market, by Usage– Revenue and Forecast to 2028 (USD Million)
11.1.2.3 Mexico: Hypodermic Needles Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.1 Mexico: Hypodermic Needles Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.2 Mexico: Hypodermic Needles Market, by Type – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.2.1 Mexico: Hypodermic Needles Market, by Safety Needles – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.3 Mexico: Hypodermic Needles Market, by Application – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.4 Mexico: Hypodermic Needles Market, by End User – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.5 Mexico: Hypodermic Needles Market, by Usage– Revenue and Forecast to 2028 (USD Million)
12. Impact Of COVID-19 Pandemic on Hypodermic Needles Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Hypodermic Needles Market –Industry Landscape
13.1 Overview
13.2 Growth Strategies Done by the Companies in the Market, (%)
13.3 Organic Developments
13.3.1 Overview
13.4 Inorganic Developments
13.4.1 Overview
14. Company Profiles
14.1 EXELINT International, Co.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Terumo Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 BD
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 B. Braun Melsungen AG
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Catalent Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Cardinal Health Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Vita Needle Company
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Connecticut Hypodermics Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Vygon
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Barber of Sheffield
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 RETRACTABLE TECHNOLOGIES, INC.
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 AIR-TITE PRODUCTS CO., INC.
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. US Hypodermic Needles Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 2. US Hypodermic Needles Market, by Safety Needles – Revenue and Forecast to 2028 (USD Million)
Table 3. US Hypodermic Needles Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 4. US Hypodermic Needles Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 5. US Hypodermic Needles Market, by Usage- Revenue and Forecast to 2028 (USD Million)
Table 6. Canada: Hypodermic Needles Market, by Type -Revenue and Forecast to 2028 (USD Million)
Table 7. Canada: Hypodermic Needles Market, by Safety Needles -Revenue and Forecast to 2028 (USD Million)
Table 8. Canada: Hypodermic Needles Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada: Hypodermic Needles Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Canada: Hypodermic Needles Market, by Usage– Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Hypodermic Needles Market, by Type -Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico Hypodermic Needles Market, by Safety Needles -Revenue and Forecast to 2028 (USD Million)
Table 13. Mexico Hypodermic Needles Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. Mexico Hypodermic Needles Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 15. Mexico Hypodermic Needles Market, by Usage– Revenue and Forecast to 2028 (USD Million)
Table 16. Organic Developments Done by Companies
Table 17. Inorganic Developments Done by Companies
Table 18. Glossary of Terms, Hypodermic Needles Market
LIST OF FIGURES
Figure 1. Hypodermic Needles Market Segmentation
Figure 2. North America Hypodermic Needles Market Overview
Figure 3. Safety Needles Held the Largest Share of the Type Segment in North America Hypodermic Needles Market
Figure 4. US to Show Significant Growth During Forecast Period
Figure 5. North America Hypodermic Needles Market, Industry Landscape
Figure 6. North America PEST Analysis
Figure 7. Hypodermic Needles Market Impact Analysis of Drivers and Restraints
Figure 8. North America Hypodermic Needles Market – Revenue Forecast and Analysis – 2020- 2028
Figure 9. Hypodermic Needles Market Revenue Share, by Type (2020 & 2028)
Figure 10. Safety Needles: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 11. Retractable Needles: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. Non-retractable Needles: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Non-safety Needles: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Hypodermic Needles Market Revenue Share, by Application (2020 & 2028)
Figure 15. Drug Delivery: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Vaccination: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Blood Specimen Collection: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Hypodermic Needles Market Revenue Share, by End User (2020 & 2028)
Figure 19. Hospitals and Clinics: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Diagnostic Centers: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Home Health Care: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. North America Hypodermic Needles Market Share by Usage 2020 & 2028 (%)
Figure 23. Disposable: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. Reusable: Hypodermic Needles Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. North America: Hypodermic Needles Market, by Key Country – Revenue (2021) (USD Million)
Figure 26. North America: Hypodermic Needles Market, by Country, 2021 & 2028 (%)
Figure 27. US: Hypodermic Needles Market – Revenue and Forecast to 2028 (USD Million)
Figure 28. Canada: Hypodermic Needles Market – Revenue and Forecast to 2028 (USD Million)
Figure 29. Mexico: Hypodermic Needles Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. Impact of COVID-19 Pandemic in North American Country Markets
Figure 31. Growth Strategies Done by the Companies in the Market, (%)
- EXELINT International, Co.
- Terumo Corporation
- BD
- B. Braun Melsungen AG
- Catalent Inc
- Cardinal Health Inc
- Vita Needle Company
- Connecticut Hypodermics Inc.
- Vygon
- Barber of Sheffield
- RETRACTABLE TECHNOLOGIES, INC.
- AIR-TITE PRODUCTS CO., INC.
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