Hypodermic Needle Market to show Favorable Growth globally by 2024 by Jitendra Magar · September 7 Hassan Whiteside Jersey , 2018
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 Dion Waiters Jersey , 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 Goran Dragic Jersey , 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.
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Safety engineered devices (SEDs) are categorized into passive and active devices. Passive needles are highly preferred over conventional needles owing to its advantages such as user-friendliness and others. Also Alonzo Mourning Jersey , with the implementation of the regulations promoting the use of safety hypodermic needles will further enhance the acceptance of these needles over the forecast period. For instance, World Health Organization (WHO) encourages injection safety worldwide through the Safe Injection Global Network (SIGN).
Exposure to needlestick injuries may cause severe blood-borne diseases such as HIV and Hepatitis. Owing to the increasing occurrence of needlestick injuries, healthcare providers are shifting towards the use of safety hypodermic needles. Furthermore, manufacturers are focusing on developing needles and syringes safety-engineered mechanisms to avoid any injuries. For instance, BD has developed SafetyGlide, Vacutainer Eclipse blood collection needle Miami Heat Jersey , and VanishPoint blood collection safety needle. Hence, increasing focus on the development of advanced engineered mechanisms about the needles performance and efficiency will further drive the growth.
Global Inventory Tags Market Information by Technology (Barcodes, RFID & QR Codes), by Materials (Metal, Plastic, and Paper), by End-User (Industrial Mike Conley Jersey , Retail, Logistic and Others) and by Region – Forecast to 2022
Market Scenario
Tags attached to inventory items to provide the required information about the finished products, raw materials, and other stored elements are called inventory tags. The increasing concerns for efficient tracking of an enterprise assets, need for managing an efficient supply chain are the major driving factors for the growth of inventory tags market. Additionally, the adoption of real time tracking system is also fueling the growth of this market. Different types of materials used for the inventory tags such as metal Zach Randolph Jersey , plastics and others. Metal type inventory tags are largely used because of more durability. However, high initial cost & lack of skilled labor may hamper the growth of gl nventory tags market.
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