The growing geriatric population, increasing prevalence of chronic and lifestyle associated diseases, increasing demand for vaccines, and increasing compliance for safety needles are the key factors driving the growth of the market.

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Hypodermic needles are mainly of two types – safety hypodermic needle and non-safety hypodermic needle. The market for safety needles was larger than non-safety hypodermic needles in 2015 and it is also expected to witness higher growth during the forecast period.

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Geographically, North America accounted for the largest hypodermic needle market in 2015 and it is expected to grow at a considerable rate during the forecast period. The factors driving the hypodermic needle industry in the region are increasing awareness of safe injectable technology, and increasing prevalence of chronic and lifestyle associated diseases. Europe was the second largest market for hypodermic needles in 2015.The hypodermic needle market is expected to witness the fastest growth in Asia-Pacific, during the forecast period. The highest growth in the region is attributed to the improving healthcare infrastructure and increasing awareness regarding safe usage of needle or syringe. China is expected to be the fastest growing market for hypodermic needle globally during the forecast period.

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Some of the players operating in the hypodermic needle market include Vygon S.A., Catalent, Inc., Terumo Corporation, Retractable technologies, Inc., Connecticut Hypodermics, Inc., MedPro Safety Products Inc., B. Braun Melsungen AG, Albert David Ltd., Becton, Dickinson and Company, and Medtronic plc.

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