Overview:
Safety needles are a great way to reduce the risk of getting a needlestick. They come with a built-in safety mechanism that reduces the risk of needlestick injuries. The needle is either permanently attached or detachable. Both types are highly recommended. They are an excellent choice for anyone who needs to administer a medical procedure. Hospitals often use the needles in a wide range of procedures, including cosmetic surgeries and reconstructive surgery. However, these procedures aren’t performed in sterile environments, and a lack of safety needles can lead to injuries. These risks have prompted a growing market for safety-needles.
The U.S. safety needles market size is estimated to be valued atย US$ 2,447.3 millionย in 2020 and is expected to exhibit aย CAGR of 4.8% between 2021 and 2028.
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Market Dynamics:
Increasing adoption of prefilled syringes is expected to propel growth of the U.S. safety needles market during the forecast period. These syringes are extensively used for product differentiation for drugs that need parenteral injections. For instance, in September 2019, Hikma Pharmaceuticals PLC, introduced novel prefilled syringe capability in the U.S. The Heparin Sodium Injection prefilled syringes are indicted for treatment of venous thrombosis and pulmonary embolism.
However, rising awareness and development of needle-free injection technology and product recall due to poor quality and loss of function of products are expected to restrict growth of the U.S. safety needles market during the forecast period.
Impact of COVID-19:
The U.S. safety needles market witnessed a major drop during the COVID-19 pandemic. The outbreak of COVID-19 in China affected several industries. Stringent regulations such as national lockdown were implemented to control the spread of the virus. The lockdown in some states in U.S. has disrupted transportation and supply chain in the U.S. However, the introduction of new vaccines and decreasing cases are likely to help regain the lost traction in the U.S. safety needles market.
U.S. Safety Needles Market Segmentation:
U.S. Safety Needles Market, By Product Type :
-
- Fine Aspirating Needle
- Biopsy Needle
- Hypodermic Needle
- Pen Needle
- Suture Needle
- IV Catheter Needle
- Huber Needle
- Blood Collection Needle
- Spinal Anesthesia and Epidural Needle
- Prefilled Syringe Needle
- A.V. Fistula Needle
- Cannula Needle
- Retractable Syringes
U.S. Safety Needles Market, By Application:
-
- Sample Collection
- Drug Delivery
U.S. Safety Needles Market, By End User:
-
- Hospitals
- Physician Offices
- Nursing Home
- Dental Laboratories
- Diagnostic Centers
- Ambulatory Surgical Centers
- Homecare Settings
- Others
U.S. Safety Needles Market, By Distribution Channel
-
- Hospital Pharmacies
- Private Clinics
- Retail Pharmacies and Drug Store
- E-commerce
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Key Takeaways:
The S. safety needles market is expected to expand, exhibiting a CAGR of 4.8% over the forecast period due to increasing cases of gynecologic cancer and spinal injury. For instance, according to the American Cancer Society estimates, around 21,410 women in the U.S. will be diagnosed with ovarian cancer, and it will cause nearly 13,770 deaths in women of the country.
Growing funding for development of safety needles in U.S. are expected to propel market growth. For instance, in August 2020, Department of Defense (DOD), Joint Acquisition Task Force awarded US$ 104 million to the Department of Health and Human Servicesโ (HHS) Strategic National Stockpile (SNS), to acquire syringes and safety needles for Covid-19 vaccines approved by the U.S. Food and Drug Administration (FDA), when they become available.
Key players active in the U.S. safety needles market include Becton, Dickinson and Company, Smith Medical, Medtronic Plc., Abbott Laboratories, Boston Scientific Corporation, Terumo Corporation, Argon Medical Devices Inc., Eli Lilly and Company, Novo Nordisk A/S, B. Braun Melsungen AG, Axel Bio Corporation, Inc., UltiMed, Inc., Nipro Corporation, SOL-MILLENNUM, Retractable Technologies, Inc., Revolutions Medical Corporation, Gerresheimer AG, Vygon S.A., and Cardinal Health, Inc.
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Table of Content
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Distribution Channel
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Product Approvals/Launches
- Key Developments
- Merger and Acquisitions
- Regulatory Scenario
- PEST Analysis
- Porterโs Analysis
- Technology Landscape
- Prevalence of Needle Stick Injuries Worldwide
- Market Dynamics
- U.S. Safety Needles Marketโ Impact of Coronavirus (COVID-19) Pandemic
- Economic Impact
- COVID-19 Epidemiology
- Government Initiatives
- U.S. Safety Needles Market, By Product Type, 2016 โ 2027, (US$ Mn)
- Overview
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- Fine Aspirating Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Biopsy Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Hypodermic Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Pen Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Suture Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- IV Catheter Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Huber Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Blood Collection Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Spinal Anesthesia and Epidural Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Prefilled Syringe Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- A.V. Fistula Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Cannula Needle
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Retractable Syringes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Overview
- U.S. Safety Needles Market, By Application, 2016 โ 2027, (US$ Mn)
- Overview
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- Sample Collection
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Drug Delivery
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Overview
- U.S. Safety Needles Market, By End User, 2016 โ 2027, (US$ Mn)
- Overview
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017โ2027
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Physician Offices
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Nursing Home
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Dental Laboratories
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Diagnostic Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Ambulatory Surgical Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Homecare Settings
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Overview
- U.S. Safety Needles Market, By Distribution Channel, 2016 โ 2027, (US$ Mn)
- Overview
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017โ2027
- Segment Trends
- Hospital Pharmacies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Private Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Retail Pharmacies and Drug Store
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- E-Commerce
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Medtronic Plc.
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Becton, Dickinson and Company
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Boston Scientific Corporation
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Smith Medical Company
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Abbott Laboratories.
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Argon Medical Devices, Inc.
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Novo Nordisk A/S
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Terumo Corporation
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Eli Lilly and Company
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Nipro Corporation
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Braun Melsungen AG
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Revolutions Medical Corporation
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Retractable Technologies, Inc
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- SOL-MILLENNUM
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- UltiMed, Inc.
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Axel Bio Corporation, Inc.
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Cardinal Health, Inc.
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Vygon S.A.
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Gerresheimer AG
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Overview
- Strategy
- Medtronic Plc.
- Analyst Views
- Section
- Research Methodology
- About us
About Us:
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