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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

A retractable needle safety syringe is a type of safety syringe that comes along with integrated safety mechanism. It was invented in such a way that protruding needle is withdrawn into the barrel of syringe after the delivery of medication/dose. After medication is expelled, the user has to apply extra pressure to the attached plunger to break the seal and to retract the needle into the syringe. These syringes also decrease the waste volume, as compared to other syringes. Retractable needle syringes are used in several indications such as diabetes, tuberculosis, and cancer.

The U.S. retractable needle safety syringes market is estimated to be valued at US$ 148.8 million in 2020 and is expected to exhibit a CAGR of 4.7% during the forecast period (2020-2027).

Figure 1. U.S. Retractable Needle Safety Syringes Market Share (%) in Terms of Value, By Product Type, 2020

U.S. Retractable Needle Safety Syringes  | Coherent Market Insights

Increasing incidence of chronic diseases and needle stick injury is expected to drive the market growth during the forecast period

The increasing incidence of chronic diseases such as cancer, diabetes, and cardiovascular diseases and rising incidence of needle stick injuries are expected to boost growth of the U.S. retractable needle safety syringes market over the forecast period. For instance, according to the National Cancer Institute report, in 2020, an estimated 1,806,590 new cases of cancer will be diagnosed in the U.S. and 606,520 people will die from the disease.

Figure 2. U.S. Retractable Needle Safety Syringes Market Share (%), by End User, 2020

U.S. Retractable Needle Safety Syringes  | Coherent Market Insights

Government initiatives for blood collection is expected to drive the market growth during the forecast period.

The increasing government initiatives for blood collection and blood donation is expected to drive the market growth over the forecast period. For instance, in May 2020, The Defense Department begun an effort to collect 8,000 donated units of plasma from patients who have recovered from COVID-19 to support the development of an effective treatment against the disease in the U.S. Donations will be accepted at 15 Armed Services Blood Program centers across the U.S., and in Hawaii, Guam, and Germany.

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U.S. Retractable Needle Safety Syringes Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 148.8 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.7% 2027 Value Projection: US$ 205.2 Mn
Geographies covered:
  • North America: U.S.
Segments covered:
  • By Product Type: Manual, Automated
  • By End User: Hospitals, Physician Offices, Nursing Home, Dental Laboratories, Diagnostic Centers, Ambulatory Surgical Centers, Homecare Settings, Others (Clinics, Research, Laboratories, Etc.)
  • By Distribution Channel: Hospital Pharmacies, Retail Pharmacies and Drug Store, E-Commerce
Companies covered:

Becton, Dickinson and Company, Smiths Medical, Revolutions Medical Corporation, Retractable Technologies Inc., SOL-MILLENNIUM, Axel Bio Corporation, Inc., DMC Medical Limited, Medicina, Duopross Meditech Corp., and MHC Medical Products, LLC.

Growth Drivers:
  • Increasing incidence of chronic diseases
  • U.S. Government initiatives for blood collection
Restraints & Challenges:
  • Increasing development and awareness of needle-free injection technology
  • Risks associated with injections causing shift in treatment preference

 U.S. Retractable Needle Safety Syringes Market– Impact of Coronavirus (COVID-19) Pandemic

Safety syringes are syringes developed with a safety mechanism to prevent needle stick and other injuries. The needle on a safety syringe can be detached or permanently attached. The emphasis on preventing the re-use of syringes by U.S. governments has raised the demand for safety syringes. Syringes with retractable needles and syringes with protective shields are safety syringes that are widely used in hospitals. Retractable needle safety syringes are preferred over conventional syringes because of their cost effectiveness and less chances of needle stick injuries, which is expected to drive the market growth. According to the World Health Organization, over 3.1 million people die every year due to unsafe injection practices.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it as a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus disease (COVID-19) has resulted in over 33 million infected individuals in the U.S. as of  June 22, 2021. COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Key players operating in the U.S. retractable needle safety syringes market are facing major challenges on various fronts due to the COVID-19 pandemic. The major challenges include supply of raw materials for manufacturing retractable safety needles due to irregularities in transportation facility.

U.S. Retractable Needle Safety Syringes Market: Restraint

The major factors that tend to hinder growth of the U.S. retractable needle safety syringes market include risks associated with injections causing shift in treatment preference and increasing development and awareness of needle-free injection technology. For instance, in December 2019, Nephron Pharmaceuticals Corporation entered into a partnership with National Medical Products Inc., a developer of J-Tip Needle Free Injector to provide patients quality care through virtually pain-free anesthetic.

Key Players

Major players operating in the U.S. retractable needle safety syringes market include Becton, Dickinson and Company, Smiths Medical, Revolutions Medical Corporation, Retractable Technologies Inc., SOL-MILLENNIUM, Axel Bio Corporation, Inc., DMC Medical Limited, Medicina, Duopross Meditech Corp., and MHC Medical Products, LLC.

A needle is a solid and slender instrument, which is pointed at the end and is designed for puncturing of tissues. Safety needles have a safety mechanism built into the needles to protect healthcare workers and others from accidental needlestick injuries. They are used for different purposes such as drug delivery, vaccination, and blood specimen collection for examination and research purposes. Safety needles reduce the incidence of infection, cost as well as offer better convenience and practicality in use. Factors such as accuracy, operation time, and prompt use design were favorable with the majority of health care personnel preferring safety needle technology as compared to conventional devices. Various types of safety needles are available in the market that work on different mechanisms.

Market Dynamics

Rising prevalence of gynecologic cancer and spine disorders, government initiatives for blood collection and favorable reimbursement for pen needles are some of the major factors responsible for the growth of the U.S. retractable needle safety syringes market. For instance, according to the 2018 report published by the Centers for Disease Control and Prevention, in 2018, 883.7 million individuals including adults and children visited physician offices for the treatment of various conditions such as diabetes, cold and flu, and viral infection in the U.S. Moreover, increasing number of geriatric population patients is expected to drive demand for homecare settings, which boost growth of the U.S. safety needles market over the forecast period. For instance, according to the report published in 2019 by the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.

Key features of the study:

  • This report provides in-depth analysis of the U.S. retractable needle safety syringes market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the U.S. retractable needle safety syringes market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Medtronic Plc., Becton, Dickinson and Company, Boston Scientific Corporation, Smith Medical, Abbott Laboratories, Argon Medical Devices Inc., Novo Nordisk A/S, Terumo Corporation, Eli Lilly and Company, Nipro Corporation, B.Braun Melsungen AG, Revolutions Medical Corporation, Retractable Technologies, Inc, SOL-MILLENNUM, UltiMed, Inc., Axel Bio Corporation, Inc., Cardinal Health, Inc., Vygon S.A., and Gerresheimer AG.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The U.S. retractable needle safety syringes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the U.S. retractable needle safety syringes market

Detailed Segmentation:

  • U.S. retractable needle safety syringes 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. retractable needle safety syringes market, By Application:
    • Sample Collection
    • Drug Delivery
  • U.S. retractable needle safety syringes market, By End User:
    • Hospitals
    • Physician Offices
    • Nursing Home
    • Dental Laboratories
    • Diagnostic Centers
    • Ambulatory Surgical Centers
    • Homecare Settings
    • Others
  • U.S. retractable needle safety syringes market, By Distribution Channel
    • Hospital Pharmacies
    • Private Clinics
    • Retail Pharmacies and Drug Store
    • E-commerce
  • Company Profiles
    •  Medtronic Plc*
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategy
    • Becton, Dickinson and Company
    • Boston Scientific Corporation
    • Smith Medical Company
    • Abbott Laboratories.
    • Argon Medical Devices, Inc.
    • Novo Nordisk A/S
    • Terumo Corporation
    • Eli Lilly and Company
    • Nipro Corporation
    • B.Braun Melsungen AG
    • Revolutions Medical Corporation
    • Retractable Technologies, Inc
    • SOL-MILLENNUM
    • UltiMed, Inc.
    • Axel Bio Corporation, Inc.
    • Cardinal Health, Inc.
    • Vygon S.A.
    • Gerresheimer AG

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. 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)
  3. 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        
    • Porter’s Analysis
    • Technology Landscape
    • Prevalence of Needle Stick Injuries Worldwide
  4. U.S. Retractable Needle Safety Syringes Market– Impact of Coronavirus (COVID-19) Pandemic
    • Economic Impact
    • COVID-19 Epidemiology
    • Government Initiatives
  5. U.S. Retractable Needle Safety Syringes Market, By Product Type, 2016 – 2027, (US$ Mn)
    • Overview
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Fine Aspirating Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Biopsy Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Hypodermic Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Pen Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Suture Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • IV Catheter Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Huber Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Blood Collection Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Spinal Anesthesia and Epidural Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Prefilled Syringe Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • A.V. Fistula Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cannula Needle
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Retractable Syringes
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. U.S. Retractable Needle Safety Syringes Market, By Application, 2016 – 2027, (US$ Mn)
    • Overview
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Sample Collection
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Drug Delivery
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. U.S. Retractable Needle Safety Syringes Market, By End User, 2016 – 2027, (US$ Mn)
    • Overview
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Physician Offices
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Nursing Home
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Dental Laboratories
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Diagnostic Centers
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Homecare Settings
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  8. U.S. Retractable Needle Safety Syringes Market, By Distribution Channel, 2016 – 2027, (US$ Mn)
    • Overview
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospital Pharmacies
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Private Clinics
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Retail Pharmacies and Drug Store
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • E-Commerce
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  9. 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
  10. Section
    • Research Methodology
    • About us

*Browse 12 market data tables and 35 figures on “U.S. Retractable Needle Safety Syringes” - Global forecast to 2027

FAQgrowicon

Frequently Asked Questions

The U.S. retractable needle safety syringes market size is estimated to be valued at US$ 148.8 million in 2020 and is expected to exhibit a CAGR of 4.7% between 2020 and 2027.
Factors such as the increasing incidence of chronic diseases and U.S. government initiatives for blood collection are expected to drive the market growth during the forecast period.
Manual segment is expected to hold a major market share in the market in 2020.
The major factors hampering growth of the market include increasing development and awareness of needle-free injection technology and risks associated with injections causing shift in treatment preference.
Major players operating in the market include Becton, Dickinson and Company, Smiths Medical, Revolutions Medical Corporation, Retractable Technologies Inc., SOL-MILLENNIUM, Axel Bio Corporation, Inc., DMC Medical Limited, Medicina, Duopross Meditech Corp., and MHC Medical Products, LLC.
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