Smart Syringe Market

Smart Syringe Market, by Product Type (Auto-disable Syringes, Active Safety Syringes, and Passive Safety Syringes), by Application (Vaccination, Drug Delivery, and Blood Specimen Collection), by End User (Hospitals & Clinics, Diagnostic Laboratories, and Homecare Settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Syringes are medical devices used to inject fluid or withdraw fluid from the body. A medical syringe consists of a needle attached to a hollow cylinder that is fitted with a sliding plunger. Smart syringes are designed with safety mechanisms in order to prevent needle stick injuries and the reuse of syringes. The unsafe usage of syringes is observed by the World Health Organization globally, which leads to widespread infection amongst healthcare professionals and patients. Unsafe syringe usage can cause abscesses, septicaemia, and nerve damage; in severe cases, hemorrhagic fevers and malaria are also transmitted.

Market Dynamics

The increasing organic growth strategies, such as product expansion by key market players to expand their product portfolio, are expected to drive market growth over the forecast period. For instance, in December 2020, Hindustan Syringes and Medical Devices (HMD), a manufacturer of medical disposables, announced that it had ramped up production of its Kojak Auto Disable (AD) syringes in anticipation of a surge in demand for the coronavirus vaccine. AD syringes will be widely used for administering the eagerly awaited COVID-19 vaccine. The organization is currently leading efforts to support COVID-19 vaccination in India and internationally, with production of the special Kojak Auto Disable (AD) syringes continuing on a war footing at its Faridabad plant. AD syringes are recommended by the World Health Organization (WHO) and UNICEF for vaccination in mass immunization programs. The WHO even recommends the use of AD syringes to collect blood samples from COVID-19 patients. Thus, increasing expansion of smart syringe is expected to drive market growth over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global smart syringe market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue 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 approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global smart syringe market based on the following parameters– company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Becton, Dickinson and Company, Gerresheimer AG, Sharps Technology, Inc., Cardinal Health, lomMedical, MHC Medical Products, LLC, Sol-Millennium, UltiMed Inc., VOGT MEDICAL, Retractable Technologies, Inc., Dmcmedical, BIOCORP, Hindustan Syringes & Medical Devices Ltd, Owen Mumford Ltd., B. Braun SE, Terumo Europe NV, Smiths Group plc, Merit Medical Systems, Nipro Corporation, GPC Medical Ltd., AdvaCare Pharma
• 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
• Global Smart Syringe 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 global smart syringe market.

Detailed Segmentation:

• By Product Type:
• Auto-disable Syringes
• Active Safety Syringes
• Passive Safety Syringes
• By Application:
• Vaccination
• Drug Delivery
• Blood Specimen Collection
• By End User:
• Hospitals & Clinics
• Diagnostic Laboratories
• Homecare Settings
• By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa
• Company Profiles
• Becton, Dickinson and Company
• Gerresheimer AG
• Sharps Technology, Inc.
• Cardinal Health
• lomMedical
• MHC Medical Products, LLC
• Sol-Millennium
• UltiMed Inc.
• VOGT MEDICAL
• Retractable Technologies, Inc.
• dmcmedical
• BIOCORP
• Hindustan Syringes & Medical Devices Ltd
• Owen Mumford Ltd.
• Braun SE
• Terumo Europe NV
• Smiths Group plc
• Merit Medical Systems
• Nipro Corporation
• GPC Medical Ltd.
• AdvaCare Pharma