Global Smart Syringes Market

Smart Syringes Market Size, Share, Growth Analysis, By Product(Auto-disable syringes, Active safety syringes, Passive safety syringes), By Application(Drug delivery, Vaccination, Blood specimen collection), By Age Group(Pediatrics and Adults), By End User(Hospitals and HMOs, Diabetic Patients, Family Practices, Psychiatrics), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A2214 | Region: Global | Published Date: July, 2024
Pages: 242 | Tables: 117 | Figures: 77

Smart Syringes Market Insights

Smart Syringes Market size was valued at USD 9.11 Billion in 2023 and is poised to grow from USD 9.82 Billion in 2024 to USD 17.91 Billion by 2032, growing at a CAGR of 7.80% during the forecast period (2025-2032).

Syringes are medical devices used to inject fluid or withdraw fluid from the body. A medical syringe consists of a needle attached to a hollow cylinder fitted with a sliding piston. The World Health Organization observes unsafe syringe use around the world, leading to widespread infection among health workers and patients. Unsafe syringe use can cause abscesses, septicaemia, and nerve damage, and also in severe cases, haemorrhagic fevers and malaria are transmitted. Smart syringes are equipped with features that prevent needle stick injuries to the person using these syringes and prevent the transmission of blood-borne diseases such as hepatitis C virus, hepatitis B virus, and human immunodeficiency virus. They target numerous applications that include vaccination, drug delivery, and blood sampling.

Smart syringes perfectly address the need for safe injection practices by eliminating the reuse of syringes. So, the growing demand for minimally invasive procedures among the population is driving the demand for smart syringes. Smart syringes prevent needle stick injuries associated with traditional injections. Recommendations from the World Health Organization to adopt the use of smart syringes to prevent needle stick injuries and promote good injection practices worldwide are driving the growth of the global syringes market. The rising prevalence of blood-borne diseases due to unsafe injection practices has significantly boosted the growth of the global smart syringes market. The increasing incidence of chronic diseases and viral infections among the general population is one of the major reasons driving the global demand for smart syringes. It may also be due to an aging population that is more susceptible to serious medical problems. Additionally, increased demand for self-injecting drugs is driving market expansion.

Smart syringes are more expensive than conventional syringes, making global adoption difficult. Some are less expensive than single-use syringes. Others, depending on the technological advancement of the security systems, can cost up to five times more than others, making them expensive in some low- and middle-income nations, hampering the market growth.

US Smart Syringes Market is poised to grow at a sustainable CAGR for the next forecast year.

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Smart Syringes Market size was valued at USD 9.11 Billion in 2023 and is poised to grow from USD 9.82 Billion in 2024 to USD 17.91 Billion by 2032, growing at a CAGR of 7.80% during the forecast period (2025-2032).

Global smart syringes market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global smart syringes market. For example, on 29 December 2020, Hindustan Syringes and Medical Devices (HMD), a medical disposables manufacturer, announced that it has increased production of Kojak auto-disable (AD) syringes, to meet the demand for the COVID vaccine. The company plans to increase production from 700 million Kojak Auto Disable (AD) syringes annually to one billion by June 2021. 'Becton, Dickinson and Company', 'Gerresheimer AG', 'Cardinal Health, Inc.', 'Terumo Corporation', 'Retractable Technologies, Inc.', 'Unilife Corporation', 'AdvaCare Pharma', 'Parker Hannifin Corporation', 'Sol-Millennium Medical Group Co. Ltd.', 'Smiths Group plc', 'GPC Medical Ltd.', 'Sterimed Group', 'Nipro Corporation', 'Braun Melsungen AG', 'UltiMed, Inc.', 'West Pharmaceutical Services, Inc.', 'Gerresheimer AG', 'OMNICELL, Inc.', 'QIAGEN N.V.', 'Integran Technologies, Inc.'

Increasing incidence of various target diseases

Smart syringes are generally used in vaccination, drug administration, and blood sampling, among which drug administration is the most common application area of ​​these syringes. Demand for Auto-disabled (AD) syringes from hospitals and HMOs has been at its highest for the past few years. These syringes find maximum use in the routine administration of drugs and fluids, due to which the demand for them is likely to remain high for the next few years. The use of the passive safety syringe segment is a key trend and is also expected to gain significant momentum in the coming years.

On the basis of region, global smart syringes market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America leads the global smart syringe market and accounts for more than 40% of the market revenue owing to growing need for modern healthcare technology. Also, greater awareness of blood-borne infections as a result of unsafe injection practices has increased the demand for smart syringes in North America. Also, the rising incidence of chronic diseases and the presence of a large number of elderly individuals in the region, along with rising healthcare costs, are driving the demand for smart syringes across North America.

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Global Smart Syringes Market

Report ID: SQMIG35A2214

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