The market for special purpose needles gets its name from safety needles, which are designed to prevent the accidental spread of disease. Previously, such incidents were common in healthcare, where rapid drug delivery systems were used in conjunction with hypodermic needles. This resulted not only in the spread of unintended infections among patients and healthcare professionals, but also in massive waste. To address these issues, disposable needles became widely used in healthcare. However, special purpose needles are expected to solve these challenges in the near future with more efficient, cost-effective, and safer options. In the near future, the growing demand for safer and higher-quality healthcare is expected to provide a significant boost to the special purpose needles market.
The global special purpose needles market is estimated to account for US$ 18,545.3 Mn in terms of value by the end of 2027.
Among various types of needles, Hypodermic needles are witnessing rapid demand, which in turn will contribute towards growth of the market in terms of revenue in the coming years. Besides various applications, special purpose needles will be mainly used for drug delivery purposes. Whereas, hospital pharmacies will be prominent distribution channel among others.
Aside from infectious diseases, spinal disorders will be among the factors driving demand for special purpose needles in hospitals and clinics over the next decade. Furthermore, the imposition of government regulations concerning advanced healthcare systems, safe needle usage, an increase in government support, and joint efforts by supply chain executives to increase efficiency will increase demand for special purpose needles. However, growing awareness of needle-free injection technology, combined with the high cost of special purpose needles, will limit market growth in the coming years. Furthermore, instances of product recalls due to poor quality are impeding market growth.
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