South and Central 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.

Brazil's syringe manufacturers supplied 30 million syringes and needles for the country's COVID-19 vaccination program after the government said it would requisition surplus supplies. Executives of the three main manufacturers met with President Jair Bolsonaro at the Health Ministry, and it was agreed that each would supply 10 million syringes to cover the initial stages of the vaccination plan. In March 2020, the Argentinian authorities temporarily suspended the definitive duty imposed on imports of hypodermic syringes originating in China. The suspension was introduced following the COVID-19 pandemic. In July 2020, Argentina's government agreed to purchase 20 million doses of COVID-19 vaccinations from Pfizer Inc (PFE.N), a US pharmaceutical company, to be delivered this year, according to Health Minister Carla Vizzotti. The deal comes after Argentina changed the rules governing the acquisition of COVID-19 vaccinations earlier the month to allow access to doses produced by US businesses. Under earlier laws, many companies were hesitant to sign with the South American country. Thus, the market is positively impacted due to COVID-19.

Market Overview and Dynamics

The South & Central America hypodermic needles market is expected to reach US$ 331.8 million by 2028 from US$ 234.0 million in 2021. The market is estimated to grow at a CAGR of 5.1% from 2021–2028. Diabetes is another life-threatening chronic disease with no functional cure. Diabetes of all types can lead to various complications in different parts of the body and increase the overall risk of premature death. Heart attack, stroke, kidney failure, leg amputation, vision loss, and nerve damage are the major complications associated with diabetes. In diabetic patients, the exogenous insulin is usually administered through a subcutaneous route of administration for diabetes management. The wide acceptance of hypodermic needles for insulin delivery, enabling self-administration and accurate dosing, is driving the hypodermic needles market significantly. Also, most biotherapeutics are injected using a hypodermic needle injection as they provide a low-cost, rapid, and direct way to deliver almost any type of molecule into the body. Hence, the adoption of the hypodermic needle is increasing, leading to high South & Central America market growth.

Key Market Segments

In terms of type, the safety needles segment accounted for the largest share of the South & Central America hypodermic needles market in 2020. In terms of application, the drug delivery segment accounted for the largest share of the South & Central America hypodermic needles market in 2020. In terms of end user, the hospital segment accounted for the largest share of the South & Central 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 South & Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Terumo Corporation, BD, B. Braun Melsungen AG, Catalent Inc., Cardinal Health Inc., RETRACTABLE TECHNOLOGIES, INC., Vygon, and Barber of Sheffield.

Reasons to Buy Report

To understand the South & Central 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 South & Central 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 South & Central America hypodermic needles market based on various segments for the period 2021–2028

SOUTH & CENTRAL AMERICA HYPODERMIC NEEDLES MARKET SEGMENTATION

By Type

Safety Needles
- Retractable Needles
- Non-retractable Needles

Non-safety Needles

By Application

Drug Delivery
Vaccination
Blood Specimen Collection

By End User

Hospitals and Clinics
Diagnostic Centers
Home Health Care

By Usage

Disposable
Reusable

By Country

South & Central America

- - - Brazil
    - Argentina
    - Rest of South & Central America

Companies Mentioned

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 South & Central America Hypodermic Needles Market – By Type

1.3.2 South & Central America Hypodermic Needles Market – By Application

1.3.3 South & Central America Hypodermic Needles Market – By End User

1.3.4 South & Central America Hypodermic Needles Market – By Usage

1.3.5 South & Central America Hypodermic Needles Market – By Country

2. South & Central 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 South & Central 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 – South & Central America Analysis

6.1 South & Central 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 South & Central 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. South & Central America Hypodermic Needles Market Geographic Analysis

11.1 South and Central America: Hypodermic Needles Market

11.1.1 Overview

11.1.2 South and Central America: Hypodermic Needles Market Share by Country – 2021 & 2028 (%)

11.1.2.1 Brazil: Hypodermic Needles Market- Revenue and Forecast To 2028 (USD Million)

11.1.2.1.1 Brazil: Hypodermic Needles Market- Revenue and Forecast To 2028 (USD Million)

11.1.2.1.2 Brazil Hypodermic Needles Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.2.1.2.1 Brazil: Hypodermic Needles Market, by Safety Needles – 2020–2028 (USD Million)

11.1.2.1.3 Brazil Hypodermic Needles Market, By Application – Revenue and Forecast to 2028 (USD Million)

11.1.2.1.4 Brazil Hypodermic Needles Market, By Usage – Revenue and Forecast to 2028 (USD Million)

11.1.2.1.5 Brazil Hypodermic Needles Market, By End User – Revenue and Forecast to 2028 (USD Million)

11.1.2.2 Argentina: Hypodermic Needles Market- Revenue and Forecast To 2028 (USD Million)

11.1.2.2.1 Argentina: Hypodermic Needles Market- Revenue and Forecast To 2028 (USD Million)

11.1.2.2.2 Argentina Hypodermic Needles Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.2.2.2.1 Argentina: Hypodermic Needles Market, by Safety Needles – 2020–2028 (USD Million)

11.1.2.2.3 Argentina Hypodermic Needles Market, By Application – Revenue and Forecast to 2028 (USD Million)

11.1.2.2.4 Argentina Hypodermic Needles Market, By Usage – Revenue and Forecast to 2028 (USD Million)

11.1.2.2.5 Argentina Hypodermic Needles Market, By End User – Revenue and Forecast to 2028 (USD Million)

11.1.2.3 Rest of South and Central America: Hypodermic Needles Market- Revenue and Forecast To 2028 (USD Million)

11.1.2.3.1 Rest of South and Central America: Hypodermic Needles Market- Revenue and Forecast To 2028 (USD Million)

11.1.2.3.2 Rest of South and Central America Hypodermic Needles Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.2.3.2.1 Rest of South and Central America: Hypodermic Needles Market, by Safety Needles – 2020–2028 (USD Million)

11.1.2.3.3 Rest of South and Central America Hypodermic Needles Market, By Application – Revenue and Forecast to 2028 (USD Million)

11.1.2.3.4 Rest of South and Central America Hypodermic Needles Market, By Usage – Revenue and Forecast to 2028 (USD Million)

11.1.2.3.5 Rest of South and Central America Hypodermic Needles Market, By End User – Revenue and Forecast to 2028 (USD Million)

12. Impact Of COVID-19 Pandemic on Hypodermic Needles Market

12.1 South & Central 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 Terumo Corporation

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 BD

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 B. Braun Melsungen AG

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 Catalent Inc.

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 Cardinal Health 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 Vygon

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 Barber of Sheffield

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 RETRACTABLE TECHNOLOGIES, 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

15. Appendix

15.1 About The Insight Partners

15.2 Glossary of Terms

LIST OF TABLES

Table 1. Brazil Hypodermic Needles Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 2. Brazil Hypodermic Needles Market, by Safety Needles – Revenue and Forecast to 2028 (USD Million)

Table 3. Brazil Hypodermic Needles Market, By Application – Revenue and Forecast to 2028 (USD Million)

Table 4. Brazil Hypodermic Needles Market, By Usage – Revenue and Forecast to 2028 (USD Million)

Table 5. Brazil Hypodermic Needles Market, By End User – Revenue and Forecast to 2028 (USD Million)

Table 6. Argentina Hypodermic Needles Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 7. Argentina Hypodermic Needles Market, by Safety Needles – Revenue and Forecast to 2028 (USD Million)

Table 8. Argentina Hypodermic Needles Market, By Application – Revenue and Forecast to 2028 (USD Million)

Table 9. Argentina Hypodermic Needles Market, By Usage – Revenue and Forecast to 2028 (USD Million)

Table 10. Argentina Hypodermic Needles Market, By End User – Revenue and Forecast to 2028 (USD Million)

Table 11. Rest of South and Central America Hypodermic Needles Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 12. Rest of South and Central America Hypodermic Needles Market, by Safety Needles – Revenue and Forecast to 2028 (USD Million)

Table 13. Rest of South and Central America Hypodermic Needles Market, By Application – Revenue and Forecast to 2028 (USD Million)

Table 14. Rest of South and Central America Hypodermic Needles Market, By Usage – Revenue and Forecast to 2028 (USD Million)

Table 15. Rest of South and Central America Hypodermic Needles Market, By End User – 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. South & Central America Hypodermic Needles Market Overview

Figure 3. Safety Needles Held the Largest Share of the Type Segment in South & Central America Hypodermic Needles Market

Figure 4. Brazil to Show Significant Growth During Forecast Period

Figure 5. South & Central America Hypodermic Needles Market, Industry Landscape

Figure 6. South & Central America PEST Analysis

Figure 7. Hypodermic Needles Market Impact Analysis of Drivers and Restraints

Figure 8. South & Central 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. South & Central 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. South and Central America: Hypodermic Needles Market, By Key Country – Revenue (2021) (USD Million)

Figure 26. South and Central America: Hypodermic Needles Market Share by Country – 2021 & 2028 (%)

Figure 27. Brazil: Hypodermic Needles Market- Revenue and Forecast To 2028 (USD Million)

Figure 28. Argentina: Hypodermic Needles Market- Revenue and Forecast To 2028 (USD Million)

Figure 29. Rest of South and Central America: Hypodermic Needles Market- Revenue and Forecast To 2028 (USD Million)

Figure 30. Impact of COVID-19 Pandemic in South & Central America Country Markets

Figure 31. Growth Strategies Done by the Companies in the Market, (%)

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