United States Stainless Steel Hypodermic Needles Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The US Stainless Steel Hypodermic Needles Market has witnessed significant growth over the past few years due to increasing demand from various industries such as healthcare, pharmaceuticals, and biotechnology. Hypodermic needles, primarily made from stainless steel, are essential components for injecting fluids into the human body. These needles are highly valued for their strength, durability, and resistance to corrosion, making them a preferred choice for medical applications.
One of the major drivers for the growing demand for stainless steel hypodermic needles is the increasing prevalence of chronic diseases that require regular injections. Conditions like diabetes, cancer, and autoimmune disorders have spurred the need for hypodermic needles, especially for delivering insulin, vaccines, and biologic drugs. As the healthcare sector continues to advance, the demand for high-quality, precise needles will rise further.
The pharmaceutical industry's increasing investment in biologic drugs has led to a surge in the need for specialized hypodermic needles. Stainless steel's compatibility with biologics is one of the reasons why these needles are highly sought after. Furthermore, biotechnology advancements, especially in gene therapies, also contribute to the demand for high-precision stainless steel hypodermic needles that ensure accurate drug delivery.
Industries such as veterinary medicine also rely heavily on stainless steel hypodermic needles for injecting animals with vaccines and treatments. The veterinary industry’s growth, particularly in companion animal care, also drives demand for these needles. Additionally, the cosmetic industry has become a notable contributor to the stainless steel hypodermic needles market due to the growing popularity of injectable beauty treatments, such as Botox and dermal fillers.
The increasing focus on minimizing infections and ensuring patient safety has also led to stricter regulatory guidelines and the demand for needles that offer minimal discomfort and reduced risk of complications. Stainless steel hypodermic needles have emerged as the optimal solution in this regard, ensuring patients and professionals benefit from advanced, sterile, and safe medical instruments.
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Zhejiang Jinghuan
Forlong Medical
Carl Stuart Group
ISCON SURGICALS
Dynarex
Air-Tite
Narang Medical
TERUMO
Merck
Accutome
TENKO MEDICAL
Vitrex Medical
EXELINT International
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Stainless Steel Hypodermic Needles Market
Standard Needles
Safety Needles
Specialty Needles
Winged Infusion Sets
Blunt Fill Needles
Lower Gauge Needles (16-18G)
Medium Gauge Needles (20-23G)
Higher Gauge Needles (24-27G)
Ultra-fine Needles (28G and above)
Intravenous Injection
Subcutaneous Injection
Intramuscular Injection
Diagnostic Purposes
Vaccination
Hospitals
Clinics
Home Care Settings
Pharmaceutical Companies
Medical Research Institutions
Direct Sales
Online Retailers
Medical Supply Distributors
Pharmacies
Hospital Supply Chains
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Stainless Steel Hypodermic Needles Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Stainless Steel Hypodermic Needles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Stainless Steel Hypodermic Needles Market, By Type
6. US Stainless Steel Hypodermic Needles Market, By Application
7. US Stainless Steel Hypodermic Needles Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Stainless Steel Hypodermic Needles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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