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Global Smart Syringe Market to reach USD 14.1 billion by 2027

Global Smart Syringe Market Size study, by Product (Auto Disable Syringes, Active Safety Syringes and Passive Safety Syringes), by Application (Drug Delivery, Vaccination and Blood Specimen Collection), by Age Group (Pediatrics and Adults), by End User (Hospitals & HMOs, Diabetic patients, Family practices (Physicians) , Psychiatrics and Others) and Regional Forecasts 2020-2027

Product Code: HALMDAE_88687639
Publish Date: 15-07-2020
Page: 200

Global Smart Syringe Market is valued approximately at USD 6.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.7% over the forecast period 2020-2027. Smart syringes are medical devices which are designed to be reused with safety mechanisms and which also regulate unsafe injection practices. They smart syringes avoid needlestick injuries and prevent transmission of blood-borne diseases such as hepatitis B virus (HBV), hepatitis C virus (HCV), and human immunodeficiency virus (HIV). Smart Syringes used in drug delivery, vaccination, and blood specimen collection. The rising technological advancements, surge in incidences of needlestick injuries and growth in awareness of smart syringes are the few factors responsible for growth of the market over the forecast period. For instance: according to The World Health Organization (WHO), each year 2 million injuries have been recorded from needle-sticks and other sharp objects occur to over 35 million health care workers in the world. Furthermore, the introduction of products and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 08th July 2020, Becton, Dickinson, and Company agreed into a public-private partnership with Government Biomedical Advanced Research and Development Authority (BARDA) to develop new manufacturing lines of injection that delivers more than 100 million of syringes and needles. However, high cost and unaffordability of safety syringes and alternative modes of drug delivery is the major factor restraining the growth of global Smart Syringe market during the forecast period.

The regional analysis of global Smart Syringe market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the large adoption of safety syringes, owing to rise in awareness associated with needle stick injuries, coupled with continual improvements in healthcare practices in healthcare centers across the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Braun Melsungen Ag
Becton, Dickinson, And Company
Cardinal Health, Inc.
Gerresheimer Ag
Merit Medical Systems, Inc.
Nipro Corporation
Retractable Technologies, Inc.
Revolutions Medical Corporation
Smiths Group Plc.
Terumo Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Auto Disable Syringes
Active Safety Syringes
Passive Safety Syringes

By Application:
Drug Delivery
Vaccination
Blood Specimen Collection

By Age Group:
Paediatrics
Adults

By End User:
Hospitals & HMOs
Diabetic patients
Family practices (Physicians)
Psychiatrics
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Smart Syringe Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Smart Syringe Market, by Region, 2018-2027 (USD Billion)
1.2.2. Smart Syringe Market, by Product, 2018-2027 (USD Billion)
1.2.3. Smart Syringe Market, by Application, 2018-2027 (USD Billion)
1.2.4. Smart Syringe Market, by Age Group, 2018-2027 (USD Billion)
1.2.5. Smart Syringe Market, by End User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Syringe Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Syringe Market Dynamics
3.1. Smart Syringe Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Smart Syringe Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Syringe Market, by Product
5.1. Market Snapshot
5.2. Global Smart Syringe Market by Product, Performance – Potential Analysis
5.3. Global Smart Syringe Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
5.4. Smart Syringe Market, Sub Segment Analysis
5.4.1. Auto Disable Syringes
5.4.2. Active Safety Syringes
5.4.3. Passive Safety Syringes
Chapter 6. Global Smart Syringe Market, by Application
6.1. Market Snapshot
6.2. Global Smart Syringe Market by Application, Performance – Potential Analysis
6.3. Global Smart Syringe Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Smart Syringe Market, Sub Segment Analysis
6.4.1. Drug Delivery
6.4.2. Vaccination
6.4.3. Blood Specimen Collection
Chapter 7. Global Smart Syringe Market, by Age Group
7.1. Market Snapshot
7.2. Global Smart Syringe Market by Age Group, Performance – Potential Analysis
7.3. Global Smart Syringe Market Estimates & Forecasts by Age Group 2017-2027 (USD Billion)
7.4. Smart Syringe Market, Sub Segment Analysis
7.4.1. Pediatrics
7.4.2. Adults
Chapter 8. Global Smart Syringe Market, by End User
8.1. Market Snapshot
8.2. Global Smart Syringe Market by End User, Performance – Potential Analysis
8.3. Global Smart Syringe Market Estimates & Forecasts by End User 2017-2027 (USD Billion)
8.4. Smart Syringe Market, Sub Segment Analysis
8.4.1. Hospitals & HMOs
8.4.2. Diabetic patients
8.4.3. Family practices (Physicians)
8.4.4. Psychiatrics
8.4.5. Others
Chapter 9. Global Smart Syringe Market, Regional Analysis
9.1. Smart Syringe Market, Regional Market Snapshot
9.2. North America Smart Syringe Market
9.2.1.1. U.S. Smart Syringe Market
9.2.1.2. Product breakdown estimates & forecasts, 2017-2027
9.2.1.3. Application breakdown estimates & forecasts, 2017-2027
9.2.1.4. Age Group breakdown estimates & forecasts, 2017-2027
9.2.1.5. End User breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Smart Syringe Market
9.3. Europe Smart Syringe Market Snapshot
9.3.1. U.K. Smart Syringe Market
9.3.2. Germany Smart Syringe Market
9.3.3. France Smart Syringe Market
9.3.4. Spain Smart Syringe Market
9.3.5. Italy Smart Syringe Market
9.3.6. Rest of Europe Smart Syringe Market
9.4. Asia-Pacific Smart Syringe Market Snapshot
9.4.1. China Smart Syringe Market
9.4.2. India Smart Syringe Market
9.4.3. Japan Smart Syringe Market
9.4.4. Australia Smart Syringe Market
9.4.5. South Korea Smart Syringe Market
9.4.6. Rest of Asia Pacific Smart Syringe Market
9.5. Latin America Smart Syringe Market Snapshot
9.5.1. Brazil Smart Syringe Market
9.5.2. Mexico Smart Syringe Market
9.6. Rest of The World Smart Syringe Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Braun Melsungen Ag
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Becton, Dickinson, And Company
10.2.3. Cardinal Health, Inc.
10.2.4. Gerresheimer Ag
10.2.5. Merit Medical Systems, Inc.
10.2.6. Nipro Corporation
10.2.7. Retractable Technologies, Inc.
10.2.8. Revolutions Medical Corporation
10.2.9. Smiths Group Plc.
10.2.10. Terumo Corporation
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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