U.S. Safety Needles Market Size 2021- 2028 | Generated Opportunities | Comprehensive Study - Medtronic, Becton, Dickinson and Company, Boston Scientific Corporation, Smith Medical

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 needle-stick injuries. 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.

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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. safety needles 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.

Furthermore, 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.

Moreover, as per the American Diabetes Association 2018 report, in 2018, 34.2 million Americans, or 10.5% of the population, had diabetes. Favorable polices by U.S. Medicare regarding reimbursement for pen needles and increasing prevalence of diabetes are major factors expected to fuel overall revenue growth of safety needles in the U.S. over the forecast period.

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Top Key Players:

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

U.S. Safety Needles Market Segmentation

Based on type, the absolute U.S. Safety Needless segment contributed to the largest share in 2021, accounting for more than two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period.

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

By Application:

Sample Collection
Drug Delivery

By End User:

Hospitals
Physician Offices
Nursing Home
Dental Laboratories
Diagnostic Centers
Ambulatory Surgical Centers
Homecare Settings
Others

Tailored Information as per niche requirement:
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