DUBLIN--(BUSINESS WIRE)--The "Smart Syringes Market to 2027 - Global Analysis and Forecasts by Type; Application; End User and Geography" report has been added to ResearchAndMarkets.com's offering.
The global smart syringes market is expected to reach US$ 14,431.33 Mn in 2027 from US$ 5,911.82 in 2018. The market is estimated to grow with a CAGR of 10.6% from 2019-2027.
The key factors such as rising incidences of sharp injuries and increasing technological development in the field of smart syringes is expected to account for the growth of the global smart syringes market.
Sharp instruments generally contaminated with an infected patient's blood can transmit several diseases, including hepatitis B, hepatitis C, and human immunodeficiency virus (HIV), which leads to AIDS (Acquired Immune Deficiency Syndrome). These injuries further transmit infectious diseases, majorly blood-borne viruses. The transference of infection depends on the person's natural immune system.
According to the Ontario Hospital Association/Ontario Medical Association (2016), it estimated that in a workplace there is a 6% to 30% chance to infect an exposed person from a contaminated needle with hepatitis B virus. Moreover, there is about a 0.3% chance of infection of HIV and a 1.8% chance of infection for hepatitis C in the same workplace. This smart syringes enables healthcare professionals to prevent the sharp injuries, hence demand for smart syringes is increasing.
The global smart syringes market, based on the type was segmented into active safety syringes, passive safety syringes and auto-disable syringes. In 2018, the active safety syringes held the largest share of the market, by type. However, the passive safety syringes segment is anticipated to witness fastest growth in the safety syringes market, based on type.
Some of the major primary and secondary sources included in the report for the Smart Syringes Market are the World Health Organization, Ontario Hospital Association/Ontario Medical Association, Medecins sans Frontires, India's National AIDS Control Organization, World Bank, and others.
Key Topics Covered
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Smart Syringes Market - By Type
1.3.2 Global Smart Syringes Market - By Application
1.3.3 Global Smart Syringes Market - By End-user
1.3.4 Global Smart Syringes Market - By Geography
2. Global Smart Syringes Market - Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Global Smart Syringes Market - Market Landscape
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South & Central America PEST Analysis
5. Global Smart Syringes Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Incidences of Sharp Injuries
5.1.2 Technological Developments in the Field of Smart Syringes
5.2 Key Market Restraint
5.2.1 Soaring Costs of Vaccines
5.2.2 Low Awareness in Developing Economies
5.3 Key Market Opportunities
5.3.1 Development in the Healthcare Market
5.4 Future Trends
5.4.1 Growing Research Activities
5.5 Impact Analysis
6. Smart Syringes Market - Global Analysis
6.1 Global Smart Syringes Market Revenue Forecasts & Analysis
6.2 Global Smart Syringes Market, By Geography - Forecasts & Analysis
6.3 Performance of Key Players
7. Global Smart Syringes Market Analysis - by Type
7.2 Global Smart Syringes Market Share By Type 2018 & 2027 (%)
7.3 Active Safety Syringes
7.4 Passive Safety Syringes
7.5 Auto-Disable Syringes
8. Smart Syringes Market Analysis and Forecasts to 2027 - Application
8.2 Global Smart Syringes Market Share By Application 2018 & 2027 (%)
8.4 Drug Delivery
8.5 Blood Specimen Collection
9. Smart Syringes Market Analysis and Forecasts to 2027 - End-user
9.2 Global Smart Syringes Market Share By End User 2018 & 2027 (%)
9.3 Hospitals & Clinics
9.4 Home Care
10. Smart Syringes Market Revenue and Forecasts to 2027 - Geographical Analysis
10.1 North America Smart Syringes Market
10.2 Europe Smart Syringes Market
10.3 Asia Pacific Smart Syringes Market
10.4 Middle East & Africa Smart Syringes Market
10.5 South and Central America Smart Syringes Market
11. Smart Syringes Market - Industry Landscape
11.2 Comparative Company Analysis
12. Smart Syringes Market - Key Company Profiles
12.1 Retractable Technologies Inc.
12.2 AdvaCare Pharma
12.3 Numedico Technologies Pty. Ltd.
12.4 Gerresheimer AG
12.5 Parker Hannifin Corp.
12.7 Cardinal Health
12.8 B. Braun Melsungen AG
12.9 Terumo Corporation
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