Retractable Needle Safety Syringes Market is expanding rapidly with DOD & HHS entering into an agreement with Retractable Technologies Inc. to expand domestic production capacity for low-dead-space safety syringes and needles

 

Retractable Needle Safety Syringes, the most frequently used needles are one of the most widely distributed devices in the world. Needles have been a long-time requirement for all medical procedures involving the injection of medicine into the patient's body. Needles have been used to inject all types of medicines including antibiotics, anti-inflammatory drugs, and hormones as well as many other medications. They are usually fitted with a smooth needlepoint that allows them to be used whilst suspended by a hollow metal tube. The tube is then released, the needle retracts into the body and the tube is then retractable into the bag or container. With rapidly increasing prevalence of chronic diseases such as diabetes and cancer, the demand for needle safety syringes has increased significantly. As per the World Health Organization (WHO), the global prevalence of diabetes among adults aged 18 years and above increased from 4.7% in 1980 to 8.5% in 2014. According to the same source, in 2018, around 9.6 million deaths were attributed to cancer, of which 2.09 million cases were lung cancer. As a result of this, the demand for retractable needle safety syringes has increased. Hence, such factors can bolster growth of the retractable needle safety syringes market.

When it comes to regional impact, North America is exhibiting a positive outlook in the Retractable Needle Safety Syringes Market. This can be attributed to the presence of robust healthcare infrastructure and growing awareness regarding the prevention of diseases. On the contrary, Asia Pacific is registering significant traction due to growing prevalence of diabetes in the region. Recently, in May 2021, the Department of Health and Human Services (HHS) entered into Defense Production Act (DPA) Title III agreement with Retractable Technologies Inc. to expand domestic production capacity for low-dead-space safety syringes and needles.

Needles and syringes are often used during medical procedures but have also found their way into everyday life, especially in the workplace. Employees can be injured as a result of needle stick accidents at work. This often takes place when employees do not follow health and safety procedures relating to the use of equipment and devices. Besides, low awareness regarding needlestick injuries can further impede growth of the retractable needle safety syringes market in the near future.

Another key factor fueling the demand for retractable needle safety syringes is growing cases of needlestick injuries. The needlestick injury refers to wounds caused by needles that accidentally puncture the skin. These injuries are typically hazardous for people who work with hypodermic syringes or other needle equipment. Retractable safety syringes use manual or spring-loaded retraction to withdraw the needle into the barrel of the syringe, which could avoid any injury. Hence, such factors can stimulate growth of the retractable needle safety syringes market.