Press release
Smart Syringes Market (Covid-19) Impact and Analysis By 2027 | Retractable Technologies, AdvaCare Pharma, Numedico Technologies, Gerresheimer AG, Parker Hannifin Corp, BD, Cardinal Health, B. Braun Melsungen Ag, Terumo Corporation, and Baxter among others
Smart Syringes Market
The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Smart Syringes Market.
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The global smart syringes market is expected to be US$ 5,911.82 Mn in 2018 and is predicted to grow at a CAGR of 10.6% during the forecast period 2019 - 2027, to reach US$ 14,341.33 Mn by 2027.
Some of the Major Market Players Are:
Retractable Technologies, Inc.
AdvaCare Pharma
Numedico Technologies Pty Ltd
Gerresheimer AG
Parker Hannifin Corp
Becton, Dickinson and Company
Cardinal Health
B. Braun Melsungen Ag
Terumo Corporation
Baxter
Market Insights
Application Of Smart Syringes In Vaccination
Smart syringes is having huge application in the field of vaccination, drug delivery and Blood Specimen Collection. Vaccination is an essential form of primary prevention and is used for administering the antigenic substance to produce immunity to a specific disease. The procedure stimulates the body to make antibodies against antigens of pathogens and improves resistance to a particular disease.
Several diseases like smallpox and polio have been successfully exterminated through the vaccination. Moreover, in India, the government has made vaccines to be compulsorily administered to the kids that protect from diseases such as, Diphtheria, Tuberculosis, Mumps, Pertussis, Measles, Polio, Typhoid, Hepatitis A & B, Rubella and Rotavirus.
Technological Developments in The Field of Smart Syringes
The increasing rate of different diseases has increased the demand for smart syringes. The advancements in the field of syringes and needles have also increased the development of smart syringes. Many researchers and companies have developed innovative type of syringes. For instance, in October 2016, QuiO developed its real-time adherence monitoring solution, Smartinjector device, and connected software platform, which is a reusable handheld device loaded with a single-use syringe.
Many companies are focusing on needleless technologies in the market. The press-on patches technology has discovered to deliver medications through the outer layer of the skin. Also, tiny biobots, made up of jelly-like material, found that implanted under the skin and release medication via magnetic activation. The company named Retractable Technologies, Inc. offers VanishPoint syringe that is reliable, single-handed, and easy to use. Unlike traditional syringes, VanishPoint syringe exerts continued pressure on the syringe plunger that causes the needle to retract into the syringe irreversibly. This property helps in avoiding any further injury and further prevents syringe from being reused or reassembled. This manufacturing approach certifies the reliable high performance required by the U.S. Food and Drug Administration (FDA) and demanded by healthcare providers.
MARKET SEGMENTATION
By Type
• Passive Safety Syringes
• Active Safety Syringes
• Auto-Disable Syringes
By Application
• Vaccination
• Drug Delivery
• Blood Specimen Collection
By End User
• Hospitals
• Homecare
• Others
The report analyses factors affecting the Smart Syringes Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Smart Syringes Market in these regions.
Moreover, the report entails the estimate and analysis for the Smart Syringes Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Smart Syringes Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Smart Syringes Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Smart Syringes Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Smart Syringes Market Report:
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Major Features of Smart Syringes Market Report:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Smart Syringes market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Smart Syringes market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Purchase a copy of Smart Syringes Market research report @ https://www.theinsightpartners.com/buy/TIPMD00002257/?openpr-10225
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.
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