Smart Syringe Global Market Report 2024

Description

“Smart Syringe Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on smart syringe market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for smart syringe? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The smart syringe market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Becton Dickinson and Company; Gerresheimer AG; Baxter International Inc.; Terumo Corporation; Braun Melsungen AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Smart syringes represent cutting-edge medical devices that integrate technology to enhance the safety, precision, and efficiency of administering injections. These innovative syringes effectively address critical concerns such as needlestick injuries, medication errors, and the transmission of bloodborne diseases, thereby significantly improving both patient and healthcare provider safety.

The primary categories of smart syringes include auto-disable syringes, active safety syringes, and passive safety syringes. Auto-disable syringes are specifically engineered to prevent reuse after a single injection. Widely employed in immunization campaigns, these syringes automatically lock after a single use, ensuring the secure and contamination-free delivery of doses. This versatile solution caters to various segments, including pediatrics and adults, and finds applications in drug delivery, vaccination, and blood specimen collection. Auto-disable syringes are utilized across diverse industries, including hospitals, health maintenance organizations (HMOs), diabetic patient care, family practices (physicians), psychiatry, and more.

The smart syringes market research report is one of a series of new reports from The Business Research Company that provides smart syringes market statistics, including smart syringes industry global market size, regional shares, competitors with a smart syringes market share, detailed smart syringes market segments, market trends, and opportunities, and any further data you may need to thrive in the smart syringes industry. These smart syringes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 expansion observed in the historical period can be attributed to several factors, including the imperative for medication safety, the prevalence of blood-borne diseases, adherence to regulatory requirements, global initiatives for immunization, and a heightened awareness of healthcare practices.

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%.The anticipated growth in the forecast period is driven by global vaccination initiatives, the imperative to prevent medication errors, an increase in chronic diseases, the expansion of home healthcare services, and government-led healthcare initiatives. Noteworthy trends expected during the forecast period encompass collaborations and partnerships, a strong emphasis on regulatory compliance, widespread adoption in vaccination programs, a focus on sustainable materials, and an expansion into emerging markets.

The anticipated increase in needlestick injuries is poised to drive the growth of the smart syringes market. Needlestick injuries, characterized by accidental punctures of healthcare workers' skin with needles or sharp medical devices, can be mitigated through the use of smart syringes. Equipped with advanced safety features such as retractable needles, smart syringes automatically retract to prevent accidental needlestick injuries and the subsequent transmission of diseases such as HIV and Hepatitis B. A survey conducted in Saudi Arabia in May 2022 by Frontiers Media revealed that among 361 healthcare workers, 36% of physicians and 34.8% of nurses experienced needlestick injuries in 2021. Notably, 53.8% of these injuries were not reported to the authorities, underscoring the importance of smart syringes in addressing this concern.

The increasing prevalence of blood-borne diseases is expected to contribute significantly to the growth of the smart syringes market. Blood-borne diseases, transmitted through contact with infected blood or bodily fluids, pose a substantial public health challenge. Smart syringes, designed with mechanisms that automatically disable the plunger after a single use, serve as a crucial tool in preventing the spread of blood-borne diseases and protecting users from accidental needlestick injuries. In August 2023, the Centers for Disease Control and Prevention reported 14,229 cases of chronic hepatitis B in the US, with a rate of 5.9 cases per 100,000 people in 2021. Notably, 73% of acute hepatitis B patients were aged 30-59 years. This data highlights the significance of smart syringes in addressing the growing prevalence of blood-borne diseases and driving market growth.

The smart syringes market is witnessing a prominent trend driven by product innovations, with major companies actively introducing groundbreaking solutions to enhance their market positioning. A notable example is the introduction of the Gx InnoSafe safety syringe by Gerresheimer, a leading Germany-based manufacturer specializing in drug delivery systems and packaging products. Launched in October 2021, the Gx InnoSafe safety syringe represents a first-in-class product featuring an integrated passive safety system. Its distinctive feature lies in the needle being securely fixed in an integrated safety sleeve after use, effectively preventing accidental needlestick injuries. Additionally, the product stands out for its user-friendly design, eliminating the need for additional assembly during the syringe-filling process.

Companies at the forefront of the smart syringes market are actively investing in technological advancements, incorporating innovations such as Near Field Communication (NFC) technology to gain a competitive advantage. NFC is a short-range wireless communication technology facilitating contactless data exchange between devices. NP Plastibell, a France-based medical device manufacturer, exemplifies this trend with the launch of its Pre-filled Smart Syringe in May 2022. This smart syringe incorporates an embedded NFC chip that transmits essential information about the medication to both practitioners and patients. The NFC chip stores crucial details, including drug name, dosage, expiration date, and lot number, allowing easy access through smartphones or other NFC-enabled devices.

In July 2022, Sharps Technology, a prominent US-based medical device manufacturer, acquired Safeguard Medical's smart syringes manufacturing facility for $2.5 million. This acquisition is aimed at expanding Sharps' manufacturing capabilities to meet the rising demand for smart syringes. Safeguard Medical, a US-based manufacturer specializing in smart syringes and emergency medical technologies, contributes to Sharps Technology's growth strategy in this dynamic market landscape.

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.

North America was the largest region in the global smart syringes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart syringe market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the smart syringe market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The smart syringes market consists of sales of exchangeable needle syringes and fixed needle syringes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12094

1. Executive Summary

2. Smart Syringe Market Characteristics

3. Smart Syringe Market Trends And Strategies

4. Smart Syringe Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Smart Syringe Market Size and Growth

5.1. Global Smart Syringe Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Smart Syringe Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Smart Syringe Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Smart Syringe Market Segmentation

6.1. Global Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Auto-Disable Syringes
Active Safety Syringes
Passive Safety Syringes
6.2. Global Smart Syringe Market, Segmentation By Age Group, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pediatrics
Adults
6.3. Global Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Drug Delivery
Vaccination
Blood Specimen Collection
6.4. Global Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals And Health Maintenance Organizations (HMOs)
Diabetic Patients
Family Practices
Psychiatrics
Other End Users

7. Smart Syringe Market Regional And Country Analysis

7.1. Global Smart Syringe Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Smart Syringe Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Smart Syringe Market

8.1. Asia-Pacific Smart Syringe Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Smart Syringe Market

9.1. China Smart Syringe Market Overview
9.2. China Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Smart Syringe Market

10.1. India Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Smart Syringe Market

11.1. Japan Smart Syringe Market Overview
11.2. Japan Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Smart Syringe Market

12.1. Australia Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Smart Syringe Market

13.1. Indonesia Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Smart Syringe Market

14.1. South Korea Smart Syringe Market Overview
14.2. South Korea Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Smart Syringe Market

15.1. Western Europe Smart Syringe Market Overview
15.2. Western Europe Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Smart Syringe Market

16.1. UK Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Smart Syringe Market

17.1. Germany Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Smart Syringe Market

18.1. France Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Smart Syringe Market

19.1. Italy Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Smart Syringe Market

20.1. Spain Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Smart Syringe Market

21.1. Eastern Europe Smart Syringe Market Overview
21.2. Eastern Europe Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Smart Syringe Market

22.1. Russia Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Smart Syringe Market

23.1. North America Smart Syringe Market Overview
23.2. North America Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Smart Syringe Market

24.1. USA Smart Syringe Market Overview
24.2. USA Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Smart Syringe Market

25.1. Canada Smart Syringe Market Overview
25.2. Canada Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Smart Syringe Market

26.1. South America Smart Syringe Market Overview
26.2. South America Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Smart Syringe Market

27.1. Brazil Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Smart Syringe Market

28.1. Middle East Smart Syringe Market Overview
28.2. Middle East Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Smart Syringe Market

29.1. Africa Smart Syringe Market Overview
29.2. Africa Smart Syringe Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Smart Syringe Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Smart Syringe Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Smart Syringe Market Competitive Landscape And Company Profiles

30.1. Smart Syringe Market Competitive Landscape
30.2. Smart Syringe Market Company Profiles
- 30.2.1. Becton Dickinson and Company
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Gerresheimer AG
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Baxter International Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Terumo Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Braun Melsungen AG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Smart Syringe Market Competitive Benchmarking

32. Global Smart Syringe Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Smart Syringe Market

34. Smart Syringe Market Future Outlook and Potential Analysis

34.1 Smart Syringe Market In 2028 - Countries Offering Most New Opportunities
34.2 Smart Syringe Market In 2028 - Segments Offering Most New Opportunities
34.3 Smart Syringe Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer