Global Smart Syringe Market To Be Driven By Increasing Pediatric Population During The Forecast Period Of 2021-2026

Global Smart Syringe Market To Be Driven By Increasing Pediatric Population During The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Smart Syringe Market Growth, Share, Trend, Size, Report and Forecast 2021-2026’, gives an in-depth analysis of the smart syringe market, assessing the market based on its segments like Product, Application, Age group, End users, and Regional markets among others.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/smart-syringe-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): 7694 million USD
  • Forecast CAGR (2021-2026): 9.7%
  • Forecast Market Size (2026): 13382 million metric tons

The increased incidence of target illnesses, the rise in the number of immunizations, and the increase in the geriatric population are all contributing to the global smart syringe market’s growth. In addition, the growing requirement to avoid hospital or clinic-acquired illnesses is expected to boost the market’s growth.

Smart syringes are commonly employed in the fields of vaccination, blood specimen collection, and medication administration. North America accounts for a sizable portion of the smart syringe market. Due to the increasing use and information on needle stick injuries, this can be ascribed to the widespread usage of safety syringes in the region.

In addition, the market is expected to increase during the forecast period due to constant advances in healthcare processes at healthcare centres across the region. Meanwhile, the Asia-Pacific region is predicted to rise significantly throughout the projection period, owing to growing private and public medical costs, improved healthcare facilities, and increased awareness of the dangers of hazardous syringe usage.

Industry Definition and Major Segments

Smart syringes are medical devices that have safety mechanisms built in to avoid syringe reuse and regulate harmful injecting behaviours. They possess features that aid in the prevention of the spread of blood-borne diseases. These are used for vaccinations, pharmaceutical dispensing, and blood specimen collection. It has its own chip with current settings, ranges, and usage tracking information.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/smart-syringe-market

By product, the smart syringe market is segmented into:

  • Auto Disable Syringes
  • Active Safety Syringes
  • Passive Safety Syringes

The smart syringe market can be broadly categorised on the basis of its application into:

  • Drug Delivery
  • Vaccination
  • Blood Specimen Collection

By age group, the smart syringe market is segmented into:

  • Pediatrics
  • Adults

On the basis of end users, the smart syringe market is segmented into:

  • Hospitals and HMOs
  • Diabetic Patients
  • General Practitioners
  • Others

The major regional markets of the smart syringe market are:

  • North America
  • Asia Pacific
  • Latin America
  • Europe
  • Middle East and Africa regions

Market Trends

The market has grown as the frequency of needlestick injuries among people of all ages continues to rise. The high incidence of blood-borne infections like hepatitis B, C, and HIV, which are transferred through improper injection procedures, is also a boon to the industry. Furthermore, an increase in the use of safety syringes as well as technical advancements are fueling market growth. Additionally, government directives supporting the transition to smart syringes and ensuring safe injection practises are critical in propelling market growth.

The necessity for universal vaccination programmes to prevent the spread of the coronavirus pandemic is likely to increase demand for smart syringes during this pandemic phase, driving the market throughout the forecast period. Additionally, the smart syringe business is projected to be driven in the future by the growing elderly population and the need to prevent hospital-acquired infections.

Key Market Players

The major players in the market are B. Braun Melsungen AG, Terumo Corporation, Smiths Group plc, Becton, Dickinson and Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

Autonomous Bus Door System Market: https://www.expertmarketresearch.com/reports/autonomous-bus-door-system-market

Automotive Powertrain Sensors Market: https://www.expertmarketresearch.com/reports/automotive-powertrain-sensors-market

Data Visualisation Market: https://www.expertmarketresearch.com/reports/data-visualisation-market

Automotive Acoustic Engineering Services Market: https://www.expertmarketresearch.com/reports/automotive-acoustic-engineering-services-market

Electric Vehicles Manufacturers: https://www.expertmarketresearch.com/articles/top-electric-vehicles-companies-manufacturers

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person:- Eliana Grace, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com/

Share

Leave a Reply

Your email address will not be published.