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Hypodermic Needle Market Share, Size, Key Players, Outlook and
Forecasts to 2024 | Hexa Research
“ The global hypodermic needle market to reach USD 4,238.9 billion by 2024.”
04 January 2019
The global hypodermic needle market to reach USD 4,238.9 billion by 2024. Implementation of stringent
legislation to reduce needlestick injury and increasing awareness related to safety needles among the
healthcare provider is expected to drive the hypodermic needle market over the forecast period.
Furthermore, increasing awareness of the regular immunizations coupled with increasing preference for
regular health check-ups will further escalate the demand for hypodermic needles over the forecast period.
Moreover, rising geriatric population, increasing prevalence of diabetes, improving healthcare hygienic
sample withdrawal practices in emerging economies such India, China, and Brazil is projected to propel the
demand for hypodermic needle over the forecast period. However, the high cost of automated safety needles
and the introduction of needleless delivery mechanisms might restrain the market growth in the forecast
period.
Worldwide, needlestick injuries are the primary concern for healthcare providers. In the U.S., every year,
approximately, 8 to 10 lac needlestick injuries occur to healthcare workers, and about 1000 of them get
contacted with infectious diseases, and 500 to 600 die each year due to these type of injuries. The cost of
needlestick injury follow-up in the U.S. per incident is approximately USD 3,000, and around USD 3 billion is
spent annually in the U.S. on needlestick injuries. Hence, the increasing occurrence of these type of injuries
results in the development of improved and effective safety needles.
Browse Details of Report @ https://www.hexaresearch.com/research-report/hypodermic-needles-market
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