Hypodermic Syringes Market Size, Share, Growth, Trends, and Industry Analysis: By Material Type (Polymer Syringes, Cyclic Olefin Polymers, Cyclic Olefin Copolymers, Polypropylene, Glass Syringes & Others), By Sales Channel (Manufacturers, Distributors, Retailers), By End User (Hospital, Diabetic Care Centers, Blood Collection Centers, Veterinary Care Centers, Clinics), and Region

Hypodermic Syringes Market size was valued at USD 4,392.4 million in 2023 and is projected to grow at 6.5% CAGR over the forecast years 2024 – 2030. The term hypodermic is divides into two words as “hypo” which stands for beneath and “derm” stands for skin. A hypodermic syringe is a medical tool that's used to inject fluids or draw blood from the body, it is made up of a hollow cylinder with a needle attached to it. The key drivers of hypodermic syringes market are the rising incidence of chronic disorders like diabetes, cardiovascular diseases, and cancer requiring frequent administration of drugs often through injections, increase in the number of surgeries particularly in regions with improving healthcare infrastructure as hypodermic syringes are essential for administering anesthesia, drugs, and vaccines in surgical settings, increasing demand for syringes for mass vaccination, surged adoption of syringes & needles for blood collection, rising geriatric population, and increasing awareness of infection control measures.

However, some restraints which hamper the growth of the hypodermic syringes market are stringent regulatory requirements  for instance, manufacturers must comply with various international and local regulations, such as FDA approvals in the USA or CE certifications in Europe, high costs of advanced syringes as safety syringes, prefilled syringes, and auto-disable syringes are often more expensive than traditional syringes due to added safety features and manufacturing complexity, waste management and environmental concerns, increasing popularity of alternative drug delivery methods. Some key opportunities in hypodermic syringes market are rising demand for vaccination and immunization, technological advancements such as the development of safety-engineered syringes, retractable and auto-disable syringes gaining momentum due to preventing needle-stick injuries and infections and increase in point – of – care diagnostics. The key market trends of hypodermic syringes market are an increase in the growth of safety syringes, the adoption of pre–filled syringes by pharmaceutical companies.

Hypodermic Syringes Market Key Developments:

• In June 2021, Hindustan Syringes & Medical Devices launched the DispoJekt Safety Needle, designed to prevent needle-stick injuries, enhancing safety for both patients and healthcare workers.
• Albert David Ltd has opened up new components in their manufacturing unit to produce disposable syringes & needles for national and international standards. This increases the demand for hypodermic syringes.