Market Challenges And Opportunities

U.S. Retractable Needle Safety Syringes Market - Drivers

Increasing prevalence of chronic diseases: The increasing prevalence of chronic diseases such as Alzheimer's Disease and other Dementias, Arthritis, Asthma, Cancer, Chronic Obstructive Pulmonary Disease (COPD) has led to an increase in the use of syringes, especially disposable syringes. According to the U.S. Centers for Disease Control and Prevention (CDC), chronic diseases such as heart disease, cancer, and diabetes are the leading causes of death and disability in the U.S. Six in 10 Americans live with at least one chronic disease such as heart disease and stroke, cancer, or diabetes.
Increased demand for vaccination programs: Increased in demand for vaccination across the globe is expected to boost the growth of the U.S. retractable needle safety syringes market during the forecast period. Vaccines aid in the immune system’s ability to fight infections more quickly and successfully. Vaccines are safe and effective at preventing people from getting seriously ill, hospitalized or even dying. The outbreak of COVID-19 (global pandemic) has increased the use of disposable syringes worldwide.

U.S. Retractable Needle Safety Syringes Market: Restraint

The high cost of safety syringes: The high cost of safety syringes, growing cases of needle-stick injuries, and the availability of alternate drug delivery methods are major factors expected to hinder growth of the U.S. retractable needle safety syringes market. For instance, there are various alternative drug delivery methods such as oral, nasal, buccal, rectal, vaginal, sublingual, cutaneous, transdermal, ocular, otic, and others. Moreover, needle-stick injuries are known to occur frequently in healthcare settings and can be serious.

Key players are focusing on developing advanced retractable needle safety syringes that are safe and cost-effective, which is expected to drive market growth over the forecast period.