Smart Syringes Market Size To Grow Exponentially By 2024 Owing To Rise In The Patient Population, Needle Stick Injuries And Diseases Due To Unhygienic Injection Practices: Grand View Research Inc.

February 19 06:07 2021
Smart Syringes Market Size To Grow Exponentially By 2024 Owing  To Rise In The Patient Population, Needle Stick Injuries And Diseases Due To Unhygienic Injection Practices: Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to the report published by Grand View Research Inc., rise in the patient population, the increasing number of needle stick injuries, and the spread of diseases due to unhygienic injection practices.

According to the report, “Smart Syringes Market Analysis by Therapeutic Category (Auto-Disable Syringes, Active Safety Syringes, Passive Safety syringes), By Application (Drug delivery, Vaccination, Blood Specimen Collection), By End-use (Hospitals and HMOs, Diabetic Patients, Family Practices (Physicians), Psychiatrists) And Segment Forecasts To 2024”, the increase in the number of vaccinations, the growth of the geriatric population, and the need to prevent hospital or clinic-acquired infections is impelling the market growth during the forecast period.

As per the WHO records, the re-usage of syringes has boosted the infection cases of Ebola, malaria, Marburg virus, HIV, hepatitis, and other diseases in LMIC; these countries have been suffering with a huge infectious diseases burden due to the high transmission rates of blood-borne virus infections. Increasing awareness regarding the usage of smart syringes with safety mechanisms amongst the patients and the healthcare providers is anticipated to fuel the expansion of the smart syringes market during the forecast period. 

As per the data published by the U.S. Occupational Safety and Health Administration (OSHA), nearly 5.6 million workers in the healthcare sector are at a high risk of occupational exposure to blood-borne pathogens, mainly on account of needle stick injuries and other metal injuries. The data also indicates that on an average 1,000 injuries occur per day in the U.S. hospitals, which translates to 385,000 needle stick and other injuries per year. 

North America smart syringes market

Smart Syringes Market Report Highlights:

The established presence of the auto-disable syringes in the market is one of the crucial reasons for high share for auto-disable syringes segment.

The passive safety syringes segment is expected to emerge as the fast growing market during the forecast period.

North America accounted for the largest share lately, on account of very high healthcare standards, the presence of well-developed hospital and primary healthcare networks, high patient awareness, and the rising demand for sophisticated drug delivery techniques.

Asia Pacific is identified as the most lucrative market. Increase in the disease burden, the rising population levels, and the growing demand for vaccination are the key market drivers in this region. Furthermore, high investments to improve the patient care services and to curb the risk of needle stick infections are expected to spur the smart syringes market.

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Grand View Research has segmented the smart syringes market by product, application, end-use, and region:

Smart Syringes Product Outlook, (USD Million, 2013 – 2024)

Auto-disable syringes

Active safety syringes

Passive safety syringes

Smart Syringes Application Outlook, (USD Million, 2013 – 2024)

Drug delivery

Vaccination

Blood specimen collection

Smart Syringes End-Use Outlook, (USD Million, 2013 – 2024)

Hospitals and HMOs

Diabetic patients

Family practices (Physicians)

Psychiatrists

Others

Smart Syringes Regional Outlook, (USD Million, 2013 – 2024)

North America

U.S.

Canada

Europe

Germany

UK

Asia Pacific

Japan

China

Latin America

Brazil

Mexico

MEA

South Africa

List of Key Players in Smart Syringes Market:

Terumo Medical Corporation

Revolutions Medical Corporation

Retractable Technologies Inc

Smiths Group Plc

Revolutions Medical Corporation

Baxter International Inc

Becton Dickinson Inc

Braun Melsungen Inc

Unilife Corporation

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Syringes Market – https://www.grandviewresearch.com/industry-analysis/syringes-market

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About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.

 

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