What is Smart Syringe Market Scope?
Smart syringes can be defined as medical devices that are made with safety mechanisms to prevent the reuse of syringes and regulate unsafe injection practices. They are prepared with features to avoid needle stick injuries in the person who uses these syringes and prevent transmission of blood-borne diseases and life-threatening infections such as with HIV, hepatitis and other diseases. The prime end users of are hospitals and health maintenance organizations (HMOs), psychiatrists, and diabetic patients. These syringes are used in vaccination, drug delivery and blood specimen collection.
The Smart Syringe market study is being classified by Type (Auto Disable (AD), Passive Safety and Active Safety), by Application (Vaccination, Drug Delivery and Blood Specimen Collection) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Smart Syringe market throughout the predicted period.
Becton Dickinson (United States), Cardinal Health (United States), B. Braun Melsungen AG (Germany), Smiths Group plc (United Kingdom), Gerresheimer AG (Germany), Retractable Technologies, Inc. (United States), L.O.M. Medical International (Canada), ARxIUM (Canada), Medtronic Plc (Ireland) and Terumo Medical (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Smart Syringe market by Type, Application and Region.
On the basis of geography, the market of Smart Syringe has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
January 8, 2019: Cardinal Health acquires Mirixa Corporation. This expanded portfolio from Cardinal Health will bring payers an enhanced pharmacy services network and will standardize care delivery, documentation and billing for MTM services.
Jan 24, 2019: BD Launches Ergonomic Pen Needle Technology to Help Optimize Injection Technique. BD Nano 2nd gen pen needles help mitigate the risks resulting from user injection force variability through its contoured needle base and compensate for variable injection forces by first concentrating.
WHO calls for worldwide use of "smart" syringes. New WHO injection safety guidelines and policy released today provide detailed recommendations highlighting the value of safety features for syringes, including devices that protect health workers against accidental needle injury and consequent exposure to infection. WHO also stresses the need to reduce the number of unnecessary injections as a critical way of reducing risk.
Influencing Market Trend
- Advancements in Technology
- Growing Trend of Safe Injection Practices in Medical and Health-Care Systems
Market Drivers
- High Prevalence of Blood-Borne Transmission Such as Hepatitis B, C and HIV
- Growth in Adoption of Safety Syringes
Opportunities
- Mandatory Recommendation by WHO to Switch to Smart Syringes
- High Level of Unmet Needs in Emerging Economies
Restraints
- High Cost of Passive Safety Syringes
- Availability of Alternative Drug Delivery Methods
Challenges
- Low Awareness in Developing Economies
Key Target Audience
Manufacturers of Smart Syringe, Suppliers of Smart Syringe, Wholesalers, Distributers and Retailers of Smart Syringe, Healthcare Industry, Research Organizations and Governmental Bodies
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