U.S. safety needles market Forecast And Growth Through COVID-19, Competitive Landscape, Segments, Key Regions Overview

Safety needles are designed for delivering drugs and collecting fluids from the 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 used to cover the needle to prevent needlestick injuries, which can cause lethal infections.

Increasing incidence of chronic diseases such as cancer, diabetes, and others is expected to drive the U.S. safety needles market growth during the forecast period. For instance, according to the American Cancer Society 2020 report, estimated 1.8 million new cancer cases were diagnosed and 606,520 cancer deaths were reported in the U.S. in 2020.

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.

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. Moreover, from March 2020 to June 2020, the health system in the U.S. experienced a significant decline in surgical volumes compared with the same period during the previous year. The pandemic had a major impact on the U.S., Japan, China, as well as many major European countries. Due to the increasing prevalence of COVID-19, key players operating in the U.S. safety needles market are focusing on research and development of novel products to support and combat the effect of COVID-19.