Hypodermic Needles Market Size, Share and Demand Forecast to 2020 Hypodermic Needles Market | Page 2

Global Hypodermic Needles Market Size, Share, Development, Growth and Demand Forecast to 2020 The global hypodermic needles market is growing, due to the increasing prevalence of chronic diseases and growth of aging population, which is more prone to chronic diseases. The application of these needles in research activities and their capability to reduce the chances of contamination, while inoculating a substrate, is also leading to growth of the market worldwide. Furthermore, the governments worldwide have started implementing various legislations, which limits the frequency of actions leading to needle stick injuries (NSI). Such legislations around the world mandate the usage of safety needles, thus preventing the risk of infections. This is further fuelling growth of the market globally. The growth of the market is further supported by the technological advancements in hypodermic needle based delivery of drugs. Explore more about “Global Hypodermic Needles Market” at: https://www.psmarketresearch.com/market-analysis/hypodermic-needles-market Hypodermic needles are hollow needles, which are attached with hypodermic syringes for injecting and extracting fluids from the body. These needles are long cylindrical devices having a puncturing point at the tip to pierce the patient’s skin. These needles can be disposable, as well as reusable. The reusable needles are used by individuals, such as diabetes patients to administer their own insulin shots. The reusable needles need to be sterilized before use, as they may lead to various infections, or transmit diseases if they are not clean. Thus, the increasing prevalence of diabetes globally is acting as driver for the increased demand of hypodermic needles. However, the high risk of infections associated with the administration of drugs through hypodermic needles, and the availability of alternatives and increased risks of needle stick injuries also restrains the growth of the global hypodermic needles market. The rapid product launches, and growth of mergers and acquisitions between the government organizations and manufacturing companies are some of the trends witnessed in the global hypodermic needles market. Download TOC at: https://www.psmarketresearch.com/market-analysis/hypodermic-needles- market/toc-sample Geographically, North America holds the major share in the global market, driven by the growth of aging population. In addition, the increasing government legislations and growth of chronic diseases is also leading to growth of the market in the region. The market in Asia is expected to be driven by the high growth of the market in Japan, China and India, which are expected to be the fastest growing markets in the region. The key growth driving factors of the market in developing © P&S Market Research. All rights reserved 2