Smart Syringe Market: Global Share, Size, Top Companies, Industry Analysis Report 2022-2027

The latest research study "Smart Syringe Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global smart syringe market size reached US$ 8.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.39 Billion by 2027, exhibiting a growth rate (CAGR) of 8.15% during 2022-2027.

A smart syringe represents a medical device engineered with safety mechanisms to control unsafe injection practices and prevent reuse. It is incorporated with a read-and-write chip with ranges, preset parameters, and usage tracking. A smart syringe is commonly available in variants of passive safety, auto-disable (AD), and active safety needles. It aids in treating patients with critical disorders and conditions, such as hepatitis A, hepatitis B, human immunodeficiency virus (HIV), and diabetes. In addition, a smart syringe is used for drug delivery, vaccination, and blood specimen collection. As a result, this needle finds widespread applications in clinics, hospitals, diagnostics, and vaccination centers across the globe.

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Smart Syringe Market Trends and Drivers:

The escalating prevalence of chronic diseases and viral infections and the rising geriatric population, which is more prone to severe medical conditions, are among the primary factors driving the smart syringe market. Besides this, the elevating requirement for self-injecting medicines and the expanding number of blood-borne infections in individuals are further augmenting the market growth. Moreover, the increasing concerns toward needle stick injuries and the growing awareness about safe injection practices and smart syringes are also catalyzing the global market. Apart from this, the high number of births and the prevalence of various pediatric diseases among adolescents are acting as significant growth-inducing factors. Additionally, product manufacturers are introducing small-sized, convenient, lightweight with touch screens, and Wi-Fi-enabled solutions for easy monitoring, which is also stimulating the market growth. Furthermore, the inflating investments in improving healthcare infrastructure and medical services and extensive research and development (R&D) activities are anticipated to propel the smart syringe market over the forecasted period.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• AdvaCare Pharma
• B. Braun Melsungen AG
• Becton
• Dickinson and Company
• Gerresheimer AG
• Merit Medical Systems Inc.
• Nipro Corporation
• Numedico Technologies Pty Ltd.
• Retractable Technologies Inc. and Terumo Corporation.

Smart Syringe Market 2022-2027 Analysis and Segmentation:

Breakup by Product:

• Auto-disable Syringes
• Active Safety Syringes
• Passive Safety Syringes

Breakup by Age Group:

• Pediatrics
• Adults

Breakup by Application:

• Drug Delivery
• Vaccination
• Blood Specimen Collection

Breakup by End User:

• Hospitals and HMOs
• Diabetic Patients
• Family Practices (Physicians)
• Psychiatrics
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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