U.S. safety needles market is estimated to be valued at US$ 2.82 Billion in 2023, and is expected to exhibit a CAGR of 4.8% during the forecast period (2023-2030).
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 2.82 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
4.80% |
2030 Value Projection: |
US$ 3.93 Bn |
Figure 1. U.S. Safety Needles Market Share (%), By Product Type, 2023
Safety needles are designed for delivering drugs to and collecting fluids from human body with safety features to avoid needlestick injuries. It is used across medical settings in various applications such as drug delivery, vaccination, and blood specimen collection for examination and research purpose. There are various types of safety needles such as fine aspirating needles, biopsy needles, hypodermic needles, pen needles, suture needles, IV catheter needles, huber needles, blood collection needles, spinal anesthesia and epidural needles, prefilled needles, A.V. fistula needles, cannula needles, and retractable syringes. These safety needles are equipped with sheaths thatcovers the needle to prevent needlestick injuries that can cause lethal infections.
Market Dynamics
Increasing incidence of chronic diseases such as cancer, diabetes, and others that requires safety needles in the treatment of the disease is expected to drive the U.S. safety needles market growth during the forecast period. For instance, in 2022, according to the American Cancer Society Report, 1.9 Million new cancer cases were diagnosed and 609,360 cancer deaths were reported in the U.S. in 2022. Out of which, 290,560 cases were of breast cancer and 343,040 cases were of cancer of digestive system.
Key features of the study:
- The report provides an in-depth analysis of the U.S. safety needles market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for the market
- The 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. safety needles market based on the following parameters-company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of the 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 the 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. safety needles 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. safety needles market
U.S. Safety Needles Market Detailed Segmentation:
- 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
- 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
- By Distribution Channel:
- Hospital Pharmacies
- Private Clinics
- Retail Pharmacies and Drug Store
- E-Commerce
- Company Profiles
- 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
- 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.