Smart Syringe Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033

The new report published by The Business Research Company, titled Smart Syringe Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the smart syringe market size has grown rapidly in recent years. It will grow from $10.32 billion in 2023 to $11.43 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The smart syringe market size is expected to see rapid growth in the next few years. It will grow to $17.23 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%.

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Rising Incidences Of Needlestick Injuries Propel Growth In The Smart Syringes Market
A surge in the incidences of needlestick injuries is expected to propel the growth of the smart syringes market going forward. Needlestick injuries occur when a needle or another sharp medical device accidentally punctures a healthcare worker's skin. Smart syringes are very useful in minimizing needlestick injuries and bloodborne disorders such as HIV and Hepatitis B, as these smart syringes are equipped with exceptional safety features such as retractable needles that automatically get retracted so that accidental needlestick injuries and subsequent transmission of diseases are avoided. For instance, in May 2022, according to a survey report of 361 healthcare workers conducted in Saudi Arabia by Frontiers Media, a Switzerland-based publisher of peer-reviewed, open-access scientific journals, the prevalence of needle stick injuries among physicians was 36% and needle stick injuries among nurses were 34.8% in 2021. Further, 53.8% of injuries from needle sticks were not reported to the authority by healthcare and. Therefore, increasing needle stick injuries drive the smart syringes market.

Smart Syringes Market Advances With Product Innovations
Product innovations are a key trend gaining popularity in the smart syringes market. Major companies in the market are introducing innovative products such as the Gx InnoSafe safety syringe to sustain their position in the market. For instance, in October 2021, Gerresheimer, a Germany-based manufacturer of drug delivery systems and packaging products, launched the Gx InnoSafe safety syringe system. It is the first-in-class syringe to feature an integrated passive safety system. The uniqueness of the product is that the needle is fixed in an integrated safety sleeve after use so accidental needle stick injuries are avoided after usage. Also, it is easy to fill with no need for an additional assembly for fill the syringe.

The smart syringe market covered in this report is segmented -

1) By Product: Auto-Disable Syringes, Active Safety Syringes, Passive Safety Syringes
2) By Age Group: Pediatrics, Adults
3) By Application: Drug Delivery, Vaccination, Blood Specimen Collection
4) By End Users: Hospitals And Health Maintenance Organizations (HMOs), Diabetic Patients, Family Practices, Psychiatrics, Other End Users

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Major companies operating in the smart syringe market report are Becton Dickinson and Company, Gerresheimer AG, Baxter International Inc., Terumo Corporation, Braun Melsungen AG, Cardinal Health Inc., Smiths Medical Inc, Parker-Hannifin Corporation, Retractable Technologies Inc., AdvaCare Pharma, Numedico Technologies Pty Ltd., Merit Medical Systems Inc., Nipro Corporation, Revolutions Medical Corporation, Sharps Technology, Unilife Corporation, West Pharmaceutical Services Inc., Schott AG, Vetter Pharma International GmbH, Catalent Inc., Agilent Technologies Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., Trajan LEAP PAL Parts + Consumables, Clayens-np, Haselmeier GmbH, Owen Mumford Ltd., Ypsomed Holding AG, Weigao Group, Jiangsu Huida Medical Instruments Co. Ltd., Shandong Weigao Group Medical Polymer Co. Ltd., Zibo Minkang Pharmaceutical Packing Co. Ltd.

Contents of the report:
1. Executive Summary
2. Smart Syringe Market Report Structure
3. Smart Syringe Market Trends And Strategies
4. Smart Syringe Market - Macro Economic Scenario
5. Smart Syringe Market Size And Growth
…..
27. Smart Syringe Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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