Increasing Occurrence of Needlestick Injuries Driving Sales of Hypodermic Needles

The rising prevalence of needlestick injuries is rapidly becoming a major concern area for people, healthcare practitioners, and governments across the world. As hypodermic needles play a major role in reducing the incidence of needlestick injuries, the growing prevalence of these injuries is pushing up their worldwide demand. These needles are commonly used with syringes for injecting and extracting fluids from the body of patients. These needles are long, hollow, and cylindrical with a very small opening at the tip, which is meant for administering or extracting fluids from the body.

Apart from the aforementioned factors, the surging population of aging people and the growing public awareness about safe injection practices, on account of the increasing number of events being launched by various organizations such as the WHO and the Safe Injection Global Network (SIGN), are also driving the expansion of the hypodermic needle market. According to the World Population Ageing 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years or above will rise from 727 million in 2020 to more than 1.5 billion by 2050.

Owing to the above-mentioned factors, the hypodermic needle market will progress at a CAGR of 7.4% from 2016 to 2022. Reusable and disposable are the main two types of hypodermic needles. Reusable needles must be sterilized before reuse. These needles are extensively used by people suffering from diabetes, who use them for administering insulin in their bodies. Additionally, these needles are finding applications in research organizations, as they help in reducing the chances of contamination during inoculation.

Geographically, the sales of hypodermic needles are currently the highest in North America, as per the observations of the market research company, P&S Intelligence. This is attributed to the growing incidence of lifestyle-associated and chronic diseases and the surging focus on the adoption of safe injection practices and solutions for reducing the chances of needlestick injuries in the region. In the coming years, the hypodermic needle market is expected to register the fastest growth in Asia-Pacific (APAC), owing to the growing public awareness about the safe use of syringes in the region.

Thus, the sales of hypodermic needles are certain to soar in the coming years, primarily because of the growing incidence of diabetes and other chronic diseases and needlestick injuries, mushrooming population of geriatric people, and increasing public awareness about safe injection practices and technologies all over the world.