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Latin America Hypodermic Syringes & Needles Market Size

Report ID: GMI5545
Published Date: Apr 2023
Report Format: PDF

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Latin America Hypodermic Syringes & Needles Market Size

Latin America Hypodermic Syringes & Needles Market size was worth more than USD 375 million in 2022 and is poised to exhibit exponential growth at over 3% CAGR between 2023 and 2032 driven by the rising prevalence of chronic diseases.

Latin America Hypodermic Syringes & Needles Market

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The substantial rise in patients suffering from noncommunicable diseases including obesity, diabetes, and cardiovascular diseases, among others, which contribute to prolonged hospitalization and high mortality rates, is anticipated to contribute to industry progress. According to the Centers for Disease Control and Prevention, Americans with chronic illnesses and mental health disorders account for 90% of the nation’s USD 3.8 trillion annual healthcare expenses. Hence, the surging usage of syringes and needles in the medical field, notably since the COVID-19 pandemic, for delivering vaccinations, is estimated to propel the market revenue.

Latin America Hypodermic Syringes & Needles Market Report Attributes
Report Attribute	Details
Base Year:	2022
Latin America Hypodermic Syringes & Needles Market Size in 2022:	USD 376.3 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	3.1%
2032 Value Projection:	USD 515.7 Million
Historical Data for:	2018 to 2022
No. of Pages:	80
Tables, Charts & Figures:	127
Segments covered:	Type, Usability, Application, End-use, and Region
Growth Drivers:	Rising incidence of chronic disorders Increase in the number of surgeries Increasing demand for syringes for mass vaccination Surged adoption of syringes & needles for blood collection
Pitfalls & Challenges:	Risk of needlestick injuries & infection

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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Latin american market for hypodermic syringes & needles was worth more than USD 375 million in 2022 and is set to grow at over 3% CAGR through 2032 owing to the rising prevalence of chronic diseases.

Disposable segment is projected to amass more than USD 506 million by 2032 due to its growing preference for convenience and safety benefits.

Brazil hypodermic syringes & needles market is estimated to generate more than USD 179 million in revenue by 2032, owing to the growing product usage by a rising number of diabetes patients across the region.

B. Braun Melsungen AG, Becton Dickinson, & Company, Cardinal Health, Inc., Terumo Corporation, Nipro Corporation, and Medline Industries, Inc. are some of the top companies in the ndustry.