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Latin America Hypodermic Syringes and Needles Market Size: By Type: Conventional (Bevel, Vented), Safety; By Products: Suture, Blood Collection, Insufflation; By Material: Stainless Steel, Plastic; By Delivery Mode: IV, IM, Hypodermic; Regional Analysis; Market Dynamics; Patent Analysis; Grants Analysis; Supplier Landscape; 2024-2032
Latin America Hypodermic Syringes and Needles Market Outlook
The Latin America hypodermic syringes and needles market size was valued at USD 251.6 million in 2023, driven by the increasing number of surgical procedures across the region. The market is expected to grow at a CAGR of 4.8% during the forecast period of 2024-2032, with the values likely to rise from USD 263.6 million in 2024 to USD 382.6 million by 2032.
Hypodermic Syringes and Needles: Introduction
A hypodermic needle is used to inject substances like medications or fluids into the body or extract fluids out of it. Hypodermic needles are hollow and are mostly used with a syringe. It offers rapid delivery of fluids and is widely used when a substance cannot be ingested orally. It also reduces the risk of contamination by preventing entrapment of airborne pathogens and by preventing the microbes’ entry into the substrate.
Latin America Hypodermic Syringes and Needles Market Analysis
With the sudden outbreak of COVID-19, the medical ecosystem has transformed on many levels. With vaccination being a necessity, many people have become familiar with and comfortable around needles and syringes. Acknowledging the impact of vaccinations, the Latin America hypodermic syringes and needles market demand has grown, as more people proceed to administer vaccinations for other diseases.
Owing to significant emphasis on improving one’s physical appearance and aesthetics, Brazil is experiencing a boost in the incidence of cosmetic surgeries like rhinoplasty, body contouring, liposuction, lip augmentation, and Botox. This has contributed to the market growth of needles and syringes in the region. The prevalence of other diseases such as diabetes, cardiovascular issues, autoimmune disorders, and overall surgical interventions has also led to higher application of medical equipment.
The Latin America hypodermic syringes and needles market value is also driven by the increasing advances in medical equipment and technology. Needles are now available in a wide range of gauze sizes, lengths, and bevel designs to address different medical conditions in patients. With a vision to reduce medical waste, they are also accompanied by tip caps.
Latin America Hypodermic Syringes and Needles Market Segmentation
Market Breakup by Type
- Conventional (Bevel, Vented)
- Safety
Market Breakup by Products
- Suture
- Blood Collection
- Insufflation
Market Breakup by Material
- Stainless Steel
- Plastic
Market Breakup by Delivery Mode
- IV
- IM
- Hypodermic
Latin America Hypodermic Syringes and Needles Market Overview
In Latin America, Brazil holds the largest hypodermic syringes and needles market share and contributes 9.1% of its GDP to healthcare. With a steadily growing medical device market, the region is experiencing a hike in the number of hospital set-ups. E-commerce is a developing channel for medical consumables like hypodermic syringes and needles, fostering the rising demand amongst locals, especially with a rise in the incidence of surgical interventions in the region.
Mexico is a significant player in the market with proactive public healthcare institutions working towards benefiting the population. The region has been experiencing a rise in the local production of medical devices and equipment with the market size attaining USD 30.4 billion in 2023. In addition, the overall healthcare ecosystem has been improving, characterised by the drive to reduce costs and offer affordability for the common people.
Argentina is witnessing significant hypodermic syringes and needles market growth owing to rising foreign investments in the region. With 35% of the population relying on public hospitals, there have been some effective measures to improve the public health system. In April 2023, the Inter-American Development Bank (IDB) granted a USD 200 million loan to boost Argentina's healthcare system. Such investments are expected to bolster the hypodermic needle and syringe market directly.
Latin America Hypodermic Syringes and Needles Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Medtronic PLC
- Becton, Dickinson and Company
- Stryker Corporation
- Ethicon, Inc. (Subsidiary of Johnson and Johnson)
- Boston Scientific Corporation
- Terumo Corporation
- Olympus Corporation
- Merit Medical
- Greiner Holding AG
- Merck KgA
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Products |
|
| Breakup by Material |
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| Breakup by Delivery Mode |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Latin America Hypodermic Syringes and Needles Market Overview
3.1 Latin America Hypodermic Syringes and Needles Market Historical Value (2017-2023)
3.2 Latin America Hypodermic Syringes and Needles Market Forecast Value (2024-2032)
4 Latin America Hypodermic Syringes and Needles Market Landscape
4.1 Latin America Hypodermic Syringes and Needles: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Country
4.2 Latin America Hypodermic Syringes and Needles: Product Landscape
4.2.1 Analysis by Method
4.2.2 Analysis by Technology
4.2.3 Analysis by Applications
5 Latin America Hypodermic Syringes and Needles Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Latin America Hypodermic Syringes and Needles Market Segmentation
6.1 Latin America Hypodermic Syringes and Needles Market by Type
6.1.1 Market Overview
6.1.2 Conventional (Bevel, Vented)
6.1.3 Safety
6.2 Latin America Hypodermic Syringes and Needles Market by Products
6.2.1 Market Overview
6.2.2 Suture
6.2.3 Blood Collection
6.2.4 Insufflation
6.3 Latin America Hypodermic Syringes and Needles Market by Material
6.3.1 Market Overview
6.3.2 Stainless Steel
6.3.3 Plastic
6.4 Latin America Hypodermic Syringes and Needles Market by Delivery Mode
6.4.1 Market Overview
6.4.2 IV
6.4.3 IM
6.4.4 Hypodermic
6.5 Latin America Hypodermic Syringes and Needles Market by Region
6.5.1 Share by Country
6.5.2 Brazil
6.5.3 Argentina
6.5.4 Mexico
6.5.5 Others
7 Brazil Hypodermic Syringes and Needles Market
7.1 Hypodermic Syringes and Needles Market Historical Value (2017-2023)
7.2 Hypodermic Syringes and Needles Market Forecast Value (2024-2032)
7.3 Hypodermic Syringes and Needles Market by Type
7.4 Hypodermic Syringes and Needles Market by Delivery Mode
8 Argentina Hypodermic Syringes and Needles Market
8.1 Hypodermic Syringes and Needles Market Historical Value (2017-2023)
8.2 Hypodermic Syringes and Needles Market Forecast Value (2024-2032)
8.3 Hypodermic Syringes and Needles Market by Type
8.4 Hypodermic Syringes and Needles Market by Delivery Mode
9 Mexico Hypodermic Syringes and Needles Market
9.1 Hypodermic Syringes and Needles Market Historical Value (2017-2023)
9.2 Hypodermic Syringes and Needles Market Forecast Value (2024-2032)
9.3 Hypodermic Syringes and Needles Market by Type
9.4 Hypodermic Syringes and Needles Market by Delivery Mode
10 Others Hypodermic Syringes and Needles Market
10.1 Hypodermic Syringes and Needles Market Historical Value (2017-2023)
10.2 Hypodermic Syringes and Needles Market Forecast Value (2024-2032)
10.3 Hypodermic Syringes and Needles Market by Type
10.4 Hypodermic Syringes and Needles Market by Delivery Mode
11 Regulatory Framework
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Clinical Trials Analysis
14.1 Analysis by Trial Registration Year
14.2 Analysis by Trial Status
14.3 Analysis by Trial Phase
14.4 Analysis by Therapeutic Area
14.5 Analysis by Geography
15 Funding and Investment Analysis
15.1 Analysis by Funding Instances
15.2 Analysis by Type of Funding
15.3 Analysis by Funding Amount
15.4 Analysis by Leading Players
15.5 Analysis by Leading Investors
15.6 Analysis by Geography
16 Partnership and Collaborations Analysis
16.1 Analysis by Partnership Instances
16.2 Analysis by Type of Partnership
16.3 Analysis by Leading Players
16.4 Analysis by Geography
17 Supplier Landscape
17.1 Medtronic PLC
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Becton, Dickinson and Company
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Stryker Corporation
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Ethicon, Inc. (Subsidiary of Johnson and Johnson)
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Boston Scientific Corporation
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Terumo Corporation
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Olympus Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Merit Medical
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Greiner Holding AG
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Merck KgA
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 251.6 million in 2023, driven by rising incidence of surgical procedures across the region.
The market is anticipated to grow at a CAGR of 4.8% during the forecast period of 2024-2032, likely to reach a market value of USD 382.6 million by 2032.
The market demand is driven by rising incidence of cosmetic surgeries in Brazil, which is a prominent healthcare market in the Latin American region.
The market trend revolves around rising advancements in needle shapes and sizes to address a wider section of patients.
Based on product types, the market is divided into suture, blood collection, and insufflation.
It is divided into conventional (bevel, vented) and safety.
Stainless steel and plastic are commonly used.
It is bifurcated into IV, IM, and hypodermic.
Key players involved in the market are Medtronic PLC, Becton, Dickinson and Company, Stryker Corporation, Ethicon, Inc. (Subsidiary of Johnson and Johnson, Boston Scientific Corporation, Terumo Corporation, Olympus Corporation, Merit Medical, Greiner Holding AG and Merck KgA.
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