U.S. SAFETY NEEDLES MARKET ANALYSIS

U.S. Safety Needles Market, 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, and Retractable Syringes), By Application (Sample Collection and Drug Delivery), By End User (Hospitals, Physician Offices, Nursing Home, Dental Laboratories, Diagnostic Centers, Ambulatory Surgical Centers, Homecare Settings, and Others), By Distribution Channel (Hospital Pharmacies, Private Clinics, Retail Pharmacies and Drug Store, and E-Commerce)

U.S. Safety Needles Market- Drivers

Increasing prevalence of diabetes: Increasing prevalence of diabetes in the U.S. is expected to drive the market growth over the forecast period as safety needles are used in the diabetes treatment. For instance, in 2022, according to the National Diabetes Statistics Report by the U.S. Department of Health & Human Services, 11.3% of the U.S. population have diabetes.
Increasing number of product approvals: Increasing number of product approvals by the regulatory authorities is expected to boost growth of the U.S safety needles market over the forecast period. For instance, in June 2020, Regeneron Pharmaceuticals, Inc., a U.S.based pharmaceutical company, announced that it had received approval from the U.S. Food and Drug Administration (FDA) for the 300 mg single-dose pre-filled pen for Dupixent (dupilumab) in collaboration with Sanofi, a global healthcare company. The pre-filled pen has visual and audible feedback, a hidden needle, single-press auto-injection, and other administration-assisting features.

U.S. Safety Needles Market: Restraint

Increasing cases of trypanophobia: People with fears and phobias need support as these people work to manage their feelings during procedures involving needles. Increasing fear among the patients due to vaccination, surgical procedure, and others is expected to hinder the market growth during forecast period. For instance, in June 2021, according to an article published By Journal of Plos one, there is increased prevalence of needle fear in the healthcare professionals and pateints.
Counterbalance: The fear and the phobias of the needle can be managed by encouraging the individual with methods like relaxing and breath control that further includes deep breathing, muscle relaxation and others.