Brazil Smart Syringes Market to Reap USD 237.1 Million By 2030 | Infinium Global Research

The Brazil Smart Syringes Market, valued at USD 112.8 million in 2022, is poised for substantial growth, projected to reach USD 237.1 million by 2030, at a robust CAGR of 11.20% over the forecast period. The escalating incidence of needlestick injuries, posing a severe threat to healthcare workers, is the primary driver for the demand of smart syringes in Brazil.

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Needlestick injuries, caused by contaminated needles, place healthcare professionals at risk of contracting blood-borne infections, leading to severe short- and long-term health consequences. Despite existing legislation, these injuries remain a significant concern among healthcare workers in Brazil, with blood sampling, recapping, improper needle disposal, administering injections, and handling medical waste identified as major contributing factors. Hypodermic injections using disposable syringes and needles are the most common cause of these injuries. Alarmingly, 25.3% of dentistry students in Brazil have experienced needlestick accidents, with a majority being female students.

The World Health Organization (WHO) strongly recommends the use of safety injection devices, such as smart syringes, and has called for their exclusive use in Brazil since 2020. Brazil has already enacted legislation mandating the use of safety injection devices, fueling the demand for smart syringes. Additionally, the high prevalence of blood-borne infections, including HIV and hepatitis B, further contributes to the growing market demand.

Brazil has the second-largest population of individuals with positive hepatitis B surface antigen (HBsAg) in the American Region, accounting for 16.7% of all infections. Furthermore, HIV remains a significant public health challenge, with around 900,000 people living with the virus, and an estimated 53,000 new infections in 2018. Certain key populations, such as transgender individuals and men who have sex with men, are disproportionately affected, heightening the risk of blood-borne transmission and driving demand for smart syringes.

However, the excessive demand for syringes, driven by misconceptions regarding the efficacy of injections over oral medications, has led to the reuse of syringes and needles, contributing to the spread of diseases like HIV and hepatitis in the country. Additionally, a lack of awareness regarding smart syringes impedes their adoption.

The COVID-19 pandemic has further underscored the importance of smart syringes in Brazil. The country has reported over 18.2 million cases of the novel Coronavirus, with 509,000 deaths as of May 2021. The pandemic has heightened the demand for vaccines, necessitating a significant number of syringes for vaccine administration. Brazil has already administered over 91.5 million doses of COVID vaccines, covering about 21.7% of the population. This surge in demand for syringes presents an excellent growth opportunity for the smart syringe market in Brazil.

Competitive Landscape

Key players in the Brazil smart syringe market include SOL Millennium, Medtronic plc, Becton, Dickinson & Company, and Advocare Pharma. These companies are focusing on high-quality materials for the manufacturing of smart syringes to meet the growing demand and ensure the safety of healthcare workers.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Brazil Smart Syringes Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Brazil Smart Syringes Market

Chapter 4. Brazil Smart Syringes Market by Therapeutic Categories

4.1. Auto-disable Syringes

4.2. Active Safety Syringes

4.3. Passive Safety Syringes

Chapter 5. Brazil Smart Syringes Market by Application

5.1. Vaccination

5.2. Drug Delivery

5.3. Blood Specimen Collection

Chapter 6. Brazil Smart Syringes Market by End-user

6.1. Diagnostics Center

6.2. Hospitals and HMOs

6.3. Physician Clinics

6.4. Others

Chapter 7. Company Profiles

7.1 Becton, Dickinson and Company

7.1.1 Overview

7.1.2 Company Snapshot

7.1.3 Financial Snapshot

7.1.4 Product Portfolio

7.2 Medtronic PLC

7.2.1 Overview

7.2.2 Company Snapshot

7.2.3 Financial Snapshot

7.2.4 Product Portfolio

7.3 AdvaCare Pharma

7.3.1 Overview

7.3.2 Company Overview

7.3.3 Product Portfolio

7.4 SOL-Millennium Medical Group

7.4.1 Overview

7.4.2 Company Snapshot

7.4.2.1 Product Portfolio

7.5 Hindustan Syringes & Medical Devices Ltd

7.5.1.1 Overview

7.5.1.2 Company Snapshot

7.5.1.3 Product Portfolio

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Brazil smart syringes.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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