Global Smart Syringes Market is Expected to Represent Highest Incremental Opportunity Revenue of USD 22,209.3 Million By 2030 | IGR

Infinium Global Research, a leading provider of market research reports, has recently published an in-depth and insightful report on the Global Smart Syringes Market. This comprehensive study offers a detailed analysis of market segments and sub-segments, both on a global and regional scale, while also shedding light on the impact of various factors such as drivers, restraints, and macro indicators on the smart syringes market in both the short and long term. With a focus on trends, forecasts, and dollar values, this report is poised to be a valuable resource for industry professionals and stakeholders. The global smart syringes market was valued at USD 9,208.4 Million in 2022 and is expected to reach USD 22,209.3 Million by 2030 and grow at a CAGR of 11.77% over the forecast period.

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Smart syringes play a critical role in safeguarding patients from needlestick injuries and infections arising from the reuse of syringes. These innovative syringes are designed to prevent transmission of blood-borne diseases, including Human Immunodeficiency Virus (HIV), Hepatitis B Virus (HBV), and Hepatitis C Virus (HCV). Many models of smart syringes feature safety mechanisms, such as fragile spots in the plunger, metal clips that block the plunger, or needle retraction into the syringe barrel after injection.

The global smart syringes market is primarily driven by increased healthcare expenditure and the growing preference for advanced medical equipment among healthcare professionals. The rising awareness of smart syringes with safety mechanisms, especially in hospitals and among patients, is a key factor propelling market growth. Moreover, the prevalence of blood-borne diseases and the associated risk of transmission, such as HIV, hepatitis B, and viral hemorrhagic fevers, further contribute to the expansion of the smart syringes market. However, the lack of awareness in developing economies is a hindrance to market growth. To counter this, industry leaders are focusing on innovative manufacturing techniques to reduce the cost of smart syringes, creating lucrative growth opportunities.

Among the regions, North America is expected to hold the largest share in the global smart syringes market due to increased funding for research and development and healthcare expenditure. The presence of a significant geriatric population base and the rising awareness of needlestick injuries in the region are key drivers. The Asia Pacific region is projected to experience the fastest growth in the smart syringes market, driven by expanding healthcare infrastructure and efforts by organizations like the WHO and government agencies to reduce the spread of infections and improve healthcare safety.

The report delves into segments including therapeutic categories, applications, and end-users. Therapeutic categories encompass auto-disable syringes, active safety syringes, and passive safety syringes. Applications include vaccination, drug delivery, and blood specimen collection. The report also profiles key companies in the market, such as Sharps Technology, Inc., L.O.M. Medical International, Revolutions Medical Corp., Becton, Dickinson and Company, Hindustan Syringes & Medical Devices Ltd, Terumo Medical Corp., Retractable Technologies, Inc., AdvaCare Pharma USA, ALSHIFA Medical Products Co., and JMI Syringes & Medical Devices Ltd.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Smart Syringes Market Highlights

2.2. Smart Syringes Market Projection

2.3. Smart Syringes Market Regional Highlights

Chapter 3. Global Smart Syringes Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Smart Syringes Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Therapeutic Categories

3.5.2. IGR-Growth Matrix Analysis by Application

3.5.3. IGR-Growth Matrix Analysis by End User

3.5.4. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Smart Syringes Market

Chapter 4. Smart Syringes Market Macro Indicator Analysis

Chapter 5. Global Smart Syringes Market by Therapeutic Categories

5.1. Auto-disable Syringes

5.2. Active Safety Syringes

5.3. Passive Safety Syringes

Chapter 6. Global Smart Syringes Market by Application

6.1. Vaccination

6.2. Drug Delivery

6.3. Blood Specimen Collection

Chapter 7. Global Smart Syringes Market by End User

7.1. Diagnostics Center

7.2. Hospitals and HMOs

7.3. Physician Clinics

7.4. Others

Chapter 8. Global Smart Syringes Market by Region 2023-2030

8.1. North America

8.1.1. North America Smart Syringes Market by Therapeutic Categories

8.1.2. North America Smart Syringes Market by Application

8.1.3. North America Smart Syringes Market by End User

8.1.4. North America Smart Syringes Market by Country

8.2. Europe

8.2.1. Europe Smart Syringes Market by Therapeutic Categories

8.2.2. Europe Smart Syringes Market by Application

8.2.3. Europe Smart Syringes Market by End User

8.2.4. Europe Smart Syringes Market by Country

8.3. Asia-Pacific

8.3.1. Asia-Pacific Smart Syringes Market by Therapeutic Categories

8.3.2. Asia-Pacific Smart Syringes Market by Application

8.3.3. Asia-Pacific Smart Syringes Market by End User

8.3.4. Asia-Pacific Smart Syringes Market by Country

8.4. RoW

8.4.1. RoW Smart Syringes Market by Therapeutic Categories

8.4.2. RoW Smart Syringes Market by Application

8.4.3. RoW Smart Syringes Market by End User

8.4.4. RoW Smart Syringes Market by Sub-region

Chapter 9. Company Profiles and Competitive Landscape

9.1. Competitive Landscape in the Global Smart Syringes Market

9.2. Companies Profiles

9.2.1. Sharps Technology, Inc.

9.2.2. L.O.M. Medical International

9.2.3. Revolutions Medical Corp.

9.2.4. Becton, Dickinson and Company

9.2.5. Hindustan Syringes & Medical Devices Ltd

9.2.6. Terumo Medical Corp.

9.2.7. Retractable Technologies, Inc.

9.2.8. AdvaCare Pharma USA

9.2.9. ALSHIFA Medical Products Co.

9.2.10. JMI Syringes & Medical Devices Ltd.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of 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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