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Rising geriatric population is expected to drive growth of the needles market. As per World Population Prospect, 2017 Revision report by United Nations in 2017, there were 962 million people, under the geriatric category (people aged 60 years and above). By 2030, this is projected to be 1.4 billion increasing at an annual rate of 3%. Geriatric people require frequent hospitalizations due to aging-associated diseases such as heart disease, stroke, diabetes and falling injuries. In certain cases, surgery is required which leads to hospitalization.
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Needles Market to Reach US$ 8.3 Billion by 2025 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Global Needles Market Growing geriatric population worldwide to drive growth of the global needles market Rising geriatric population is expected to drive growth of the needles market. As per World Population Prospect, 2017 Revision report by United Nations in 2017, there were 962 million people, under the geriatric category (people aged 60 years and above). By 2030, this is projected to be 1.4 billion increasing at an annual rate of 3%. Geriatric people require frequent hospitalizations due to aging-associated diseases such as heart disease, stroke, diabetes and falling injuries. In certain cases, surgery is required which leads to hospitalization. This is expected to aid in growth of the market. Asia Pacific has a geriatric population of 547 million people, which is expected to reach 900 million geriatric population by 2025. Therefore, manufacturers could focus on expanding in this region. Also, stringent regulations related to safe injection practices by various governments is expected to propel demand for safety needles, in order to reduce chances of contamination from blood borne pathogens, for instance according to report published by WHO in 2014, up to 1.7 million people were infected with hepatitis B virus, up to 315000 with hepatitis C virus and as many as 33800 with HIV through an unsafe injection. The needles market was valued at US$ 5.75 billion in 2017 and is expected to witness a robust CAGR of 7.6%over the forecast period (2017–2025). © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Global Needles MarketTaxonomy: Global Needles Market, By Needles Type: Conventional Needles ● Safety Needles ● Global Needles Market, By Delivery Site: Intradermal ● Subcutaneous ● Intravenous ● Intramuscular ● Intraperitoneal ● Global Needles Market, By Material: Stainless Steel Needles ● Plastic Needles ● Glass Needles ● PEEK(Polyether Ether Ketone) Needles ● Ask for detailed Sample of the Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/1331 *The Sample consists of Table of Content, Research framework of the actual report & research methodology adopted for it. © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Global Needles MarketTaxonomy: Global Needles Market, By Application: Pen Needles in Diabetes ● Blood Collection Needles ● Surgical Suture Needles ● Ophthalmic Procedure Needles ● Dentistry Needles ● Insufflation Needles ● Other Applications ● Global Needles Market, By End User: Hospitals ● Clinics ● Diagnostic Centers ● Research Institutions. ● Home based care ● Others ● Click here to know more about this publish report: https://www.coherentmarketinsights.com/market-insight/needles-market-1331 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Global Needles Market: Key Players Major players involved in the global needles market include: Becton ● Dickinson and Company ● Medtronic plc ● Hamilton Company ● Stryker Corporation ● Terumo Corporation ● B. Braun Melsungen AG ● Boston Scientific Corporation ● Nipro Medical Corporation ● Novo Nordisk A/s ● © Coherent market Insights. All Rights Reserved
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