U.S. Retractable Needle Safety Syringes Market, By Product Type, By End User, By Distribution Channel

The U.S retractable needle safety syringes market is estimated to be valued at US$ 169.3 Mn 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$ 169.3 Mn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	4.80%	2030 Value Projection:	US$ 234.5 Mn

Figure 1. U.S. Retractable Needle Safety Syringes Market Share (%), By Product Type, 2023

A retractable needle safety syringe is a type of safety syringe that comes with an integrated safety mechanism. It was invented in such a way that a protruding needle is withdrawn into the barrel of the syringe after the delivery of the medication or dose. After medication is expelled, the user has to apply extra pressure to the attached plunger to break the seal and 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.

Market Dynamics

The 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. Thus the demand for retractable needle safety syringe is expected to rise in near future

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

Key features of the study:

• This report provides an 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 (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth 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 approvals, 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 highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study 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.
• 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:
  • Manual
  • Automated
• 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
  • Retail Pharmacies
  • Drug Store
  • E-Commerce
• Company Profiles
  • 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.
  • MHC Medical Products, LLC.