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.
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)
Active safety syringes
Passive safety syringes
Smart Syringes Application Outlook, (USD Million, 2013 – 2024)
Blood specimen collection
Smart Syringes End-Use Outlook, (USD Million, 2013 – 2024)
Hospitals and HMOs
Family practices (Physicians)
Smart Syringes Regional Outlook, (USD Million, 2013 – 2024)
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
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