Press release
Smart Syringes Market expected reach US$ 14,341.33 Mn by 2027
Smart Syringes Market
The research report published on Smart Syringes Market size, share, growth factors, trends, revenue analysis, top manufactures and Smart Syringes industry forecast till 2027. The Smart Syringes research report covers global challenges, market opportunities, business intelligence, regional demand, product scope, raw material and valuable source of guidance and direction for Smart Syringes companies.
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Smart syringes can be described as medical devices that are engineered with safety mechanisms to restrict the reuse of syringes and regulate unsafe injection practices. They are equipped with features to withdraw needlestick injuries in the person who uses those syringes and prevent transmission of blood-borne diseases such as hepatitis B virus (HBV), hepatitis C virus (HCV), human immunodeficiency virus (HIV), and other life-threatening infections. The growth of the global smart syringes market is attributed to the rising incidences of sharp injuries, and technological developments in the field of smart syringes. However, soaring costs of vaccines and low awareness in developing economies are the major factor hindering the market growth.
Company Profiles
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
The global smart syringes market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
Smart Syringes Industry research report is a meticulous investigation of the current scenario of the Smart Syringes global and regional market, which covers several industry dynamics. The Smart Syringes market research report is a resource, which provides current as well as upcoming technical and financial details with market risk, growing demand and raw materials. The thorough analysis in this report enables investors, CEOs, regional traders, suppliers, top vendors to understand the market in a better way and based on that knowledge make well-informed decisions.
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