Hyperscale Data Centers Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Hypodermic needle is hollow tube with sharp tip commonly used with syringe to inject substance into body or to extract fluid from body. Hypodermic needles are generally used for rapid delivery of liquid, depending on the safety feature associated with hypodermic needles, further classified as safety and non-safety needles.

The report titled “Global Hypodermic Needles Market- Growth, Future Prospects and Competitive Analysis, 2021-2029” offers strategic insights into the overall hypodermic needles market along with the market size and estimates for the duration 2019 to 2029. The research study covers in-depth analysis of market segments based on product type and different geographical region.

In order to help strategic decision makers, the report also includes competitive profiling of the leading players in global hypodermic needles market, attractive investment proposition and market positioning of key manufacturers sections. Other in-depth analysis provided in the report includes:

Geographically, the global hypodermic needles market is studied for the following regional markets:

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Rest of Europe
• Asia-Pacific
• China
• Japan
• Rest of Asia Pacific
• Latin America
• Middle East and Africa

Market size and forecast for these regional and country level markets are presented in this study for the period 2019-2029. Market growth rates for the forecast period 2021-2029 are also included in this report, considering 2020 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global hypodermic needles market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global hypodermic needles market. This report concludes with company profiles section that highlights major information about the key players engaged in global hypodermic needles market. In-depth competitive environment analysis and historical years (2019) market size data are also provided in the report.

Thus, the research study provides a holistic view of the global hypodermic needles market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above-mentioned factors.

Based on the product type, the global hypodermic needles market is segmented as follows:

• Safety Hypodermic Needles
• Active Hypodermic Needles
• Manual
• Semiautomatic
• Passive Hypodermic Needles
• Non-Safety Hypodermic Needles

Hypodermic needles are hollow needles with a sharp tip commonly used with a syringe to inject substances into the body and to extract fluids from body. On the basis of safety feature associated with the device, hypodermic needles are broadly segmented as safety and non-safety needles. In base year 2020, it was observed that safety needles market generated more than 80% of the revenue, as safety needles price is 3 to 4 times higher than non-safety needles and legislation mandating the use of safety devices in the healthcare industry, hence influencing the safety needles market growth. Moreover, increasing awareness and adoption of the use of safety needles would further driving the market growth during forecast period 2021-2029. Non-safety needles such as B.Braun’s Sterican, Becton’s PrecisionGlide and others are unprotected devices have a risk of harming the user, this would negatively impact market growth. It is anticipated that non-safety needles will show decline in market growth during the forecast period, due to increased awareness and adoption of the use of safety needles. B-Braun, Becton Dickinson and Co., Covidien plc. and Terumo Corp. are some key players in global safety and non-safety needles market while exel international is key manufacturer for non-safety needles only.

On the basis of user requirement intervention to activate the safety mechanism, safety needles market is further segmented as active and passive (automatic) devices. Depending on mechanism of activating this safety feature active devices are further classified as manual and semiautomatic devices. Currently manual needles such as Covidien's Magellan, Becton’s Eclipse and others dominating the global safety needles market as these needles are available at low price as comparative semi-automated and passive (automatic) needle devices. However increasing compliance to semi-automatic and automatic/passive safety needles such as Becton’s Integra, Vigmed Swing, erumo's K-Pack SurShield and others drive the market growth during forecast period.

For the purpose of this study, the hypodermic needles market is categorized into:

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Hypodermic needle is hollow needle with sharp tip, commonly used with a syringe to inject substances into the body or extract fluids from body. Global Hypodermic needles market has been continuously developing and several factors such as mandatory use of safety needles in some countries, rising population and increasing healthcare demand influencing the hypodermic needles market growth continuously. However difficulties in the adoption of safety mechanisms by users and increasing needle-free injection devices may replace hypodermic needles in the future. In the base year 2020, North America is dominating market in terms of value and it is anticipated to grow steadily during forecast period of 2021-2029. Higher price of hypodermic needles, enforced legislation for the mandatory use of safety needles and increased awareness in North America are influencing the market growth. Currently, United States is major revenue contributing segment, followed by Canada. In terms of revenue Europe is second largest revenue generating segment. European countries such as France, Germany, Italy, Spain, and the UK are major revenue generating regions. Factors such as anticipated legislation for safety oriented healthcare systems, advance technologies and higher cost of products contributed to the market growth in Europe. Progress of regulatory compulsions in the use of safety needles in Latin America would show significant growth during forecast period. Currently Asia Pacific is not major revenue contributor but due to increasing healthcare awareness, rising population and economic development it will show significant growth in future.

Extraordinary growth in public-cloud and data-center revenues is likely to fuel the growth of the Hyperscale Data Centers Market

Globally, the hyperscale data centers market is expected to grow with a CAGR of more than 17.5% during the forecast period from 2021 to 2029, starting from US$ 25.04 Bn in 2019. Hyperscale data centers are designed to offer a single largely scalable computer architecture. The primary idea behind developing hyperscale data center is to start with small infrastructure in order to keep the initial investments as low as possible. Based on the increasing demand, the initial infrastructure can be expended by adding new nodes to the cluster. Furthermore, growing demand for online services such as social networking, gaming websites, and live channels is generating large volume of data, which needs proper storage and processing. Cloud computing has been changing data storage requirements and its rapid growth is expected to generate high demand for cloud resources and data centers. Moreover, hyperscale data centers provides various advantages such as maximizing the cooling effect, allocating electrical power in discrete packages, ensure electricity availability, and balances workloads across servers. These accomplishments of hyperscale data centers also drive its adoption. Hyperscale data centers are largely adopted by big companies such as Amazon and Google. Due to increasing number of IT companies and rapid growth on the computer technologies is thereby supporting the hyperscale data center to emerge as one of the fastest-growing technologies in the IT infrastructure world. However, hyperscale data center consume large amount of power which generates heat that is harmful for the environment, and also in order to develop a hyperscale data center, the initial investment and installation cost is very high. Also, there can be issues with limitation of storage space which could also decline the rate of adoption of hyperscale data center. These factors are likely to hinder the growth of this market during the forecast period.

Networking equipment segment to dominate the hyperscale data centers market

Based on component, the hyperscale data centers market is segmented into solutions and services. The solutions segment covers the market for cooling, IT racks and enclosures, power, LV/MV distribution, networking equipment and DCIM. The networking equipment segment is likely to dominate the hyperscale data center market by holding market share of around 30%. As there is rapid increase in size of IT facilities to support the widespread business operations, there is growing need for smooth data transfer and data integration. Integration of a large number of servers and storage devices requires effective network infrastructure to ensure effective communication and sharing of the enterprise data. Also, large companies are gradually moving towards adopting software-defined networking technology which help them achieve high performance, and low expectancy in data processing and transmission. These factors largely drive the demand for networking equipment, and thus fuel the growth of this market.

North America is expected to dominate the market in near future

North America dominates the hyperscale data centers market by holding largest market share of the total revenue generated worldwide. Owing to the technological advancements and increasing adoption of cloud-based solution for big data storage and cloud computing in North America, this region has a greater impact on the overall market size of the hyperscale data centers. Following North America, Europe holds the second position in the global market owing to the increasing adoption of this solution in various industry verticals. As the companies in North America and Europe have a high spending capacities, these regions dominate the global market, however Asia-Pacific is expected to grow at a highest CAGR during the forecast period. As countries such as India and China provide significant IT infrastructure, has strong presence of OTT providers and telecom operators and large customer base, the hyperscale data center market is experiencing a boom in this region. Moreover, there is a strong internet penetration rate in this region which also provides high growth opportunities to the service providers.

Some of the prominent players operating in the Schneider Electric SE, NVIDIA Corporation, Sandisk LLC, Lenovo Group Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, Cisco Systems, Inc., Dell, Inc., Huawei Technologies Co., Ltd., Cavium, Inc., and Broadcom Ltd. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of hyperscale data centers in 2020 and forecast up to 2029?
• Which is the largest regional market for networking equipment segment?
• What are the major trends followed in hyperscale data centers market across different regions?
• Who are the key hyperscale data centers companies leading the market?
• What are the key strategies adopted by the leading hyperscale data centers companies in market?

Unique data points of this report

• Statistics on hyperscale data centers penetration and spending worldwide
• Recent trends across different regions in terms of adoption of hyperscale data centers for various applications in various industries
• Notable developments going on in hyperscale data centers industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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