Report Overview
Global Smart Syringes Market is projected to grow at a CAGR of 11.70% between 2025 to 2030.
Smart syringes are engineered in such a way that prevents their reutilization, thus, regulating unsafe injection practices. These syringes cater to a wide range of applications including vaccination, drug delivery, and body fluid specimen collection. The rise in the incidences of diseases such as HIV, Hepatitis C, and other infections due to unsafe injection practices is driving the market for smart syringes. Major companies have been making significant developments in the market, in the past few years. For instance, PAL Systems, one of the key players in the market, provides a smart syringe that contains electronic data storage for process safety and the highest precision. The company’s consistent quality of every syringe had been guaranteed by CTC Analytics. Other players have also been making a considerable impact in the market. AccPoint, a division of AdvaCare Pharma USA, provides auto-disable syringes, which had been made of a plethora of materials, and medical-grade PVC for the plunger and barrel, that ensures reliability regarding the precision needle and syringe’s seal.
Latest Developments
In June 2021, The Odisha Drug Controller Directorate in India had announced that it had given Nobel Pharmacare Limited the license to produce and manufacture 0.5 ml Auto Disable syringes. This development is expected to have a positive impact on the market, in the coming years.
In January 2021, The Hindustan Syringes and Medical Devices announced that it had received the WHO-performance, quality, and safety certification for its major flagship 0.3 ML KOJAK auto-disposal syringes. The company had stated that these syringes would be required for Pfizer’s Corona vaccine. The company had also been accelerating its production capacity to manufacture a 0.5 ML auto disposal syringe.
In December 2020, Becton, Dickinson and Company, a key player in the market, announced that it had been planning to invest around US$1.2 billion over the next years to upgrade and expand manufacturing technology and capacity for advanced drug delivery systems and pre-fillable syringes, across its six major manufacturing locations. The company had also been planning to add a novel production facility in Europe.
Increasing cases of Hepatitis
Hepatitis is known as an inflammation of the liver that causes a wider range of health problems. There are mainly five strains of the hepatitis virus, which are referred to as A, B, C, D, and E. According to the World Health Organization, an estimated number of 325 million people, globally, live with hepatitis type B or C. The WHO had stated that around 7,134 deaths, globally, had been due to hepatitis A, in the year 2016. In the year 2019, over 250 million were living with chronic hepatitis B infection. Globally, around 71 million people have been living with chronic hepatitis C virus infection. The increasing rate of hepatitis virus is expected to accelerate the demand for smart syringes, globally. Millions of people, worldwide, could be protected from certain infections caused due to unsafe and lower quality injections. The World Health Organization had recommended that there should be an acceleration in the adoption of smart syringes, that cannot be used more than once. The International Health Body had also launched a policy of global and injection safety with the support from some of the reputed organizations, such as the Vaccine Alliance, IKEA Foundation, and Gavi. These trends are expected to have a positive impact on the market, in the coming years.
Smart Syringes Market Scope
| Report Metric | Details |
|---|---|
| Forecast Unit | Billion |
| Growth Rate | 11.70% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Segmentation | Type, Application, End Users, Geography |
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies |
|
Market Segmentation
By Type
- Auto-disable syringe
- Active safety syringes
- Passive safety syringes
By Application
- Vaccination
- Drug delivery
- Body Fluid Sample Collection
By End Users
- Hospitals and Clinics
- Ambulatory Care Centers
By Geography
- North America
- USA
- Canadá
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Italy
- Others
- Middle East and Africa
- Asia Pacific
- Japan
- China
- India
- South Korea
- Thailand
- Taiwan
- Indonesia
- Others
Geographical Segmentation
North America, South America, Europe, Middle East and Africa, Asia Pacific
Table of Contents
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Smart Syringe Market Analysis, By Type
5.1. Introduction
5.2. Auto-disable syringe
5.3. Active safety syringes
5.4. Passive safety syringes
6. Global Smart Syringe Market Analysis, By Application
6.1. Introduction
6.2. Vaccination
6.3. Drug delivery
6.4. Body Fluid Sample Collection
7. Global Smart Syringe Market Analysis, By End Users
7.1. Introduction
7.2. Hospitals and Clinics
7.3. Ambulatory Care Centers
8. Global Smart Syringe Market Analysis, By Geography
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. UK
8.4.2. France
8.4.3. Germany
8.4.4. Italy
8.4.5. Others
8.5. Middle East and Africa
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. Thailand
8.6.5. Taiwan
8.6.6. Indonesia
8.6.7. Others
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. BD
10.2. PAL System
10.3. VOGT Medical
10.4. L.O.M. Medical International
10.5. Credence MedSystems Inc.
10.6. Retractable Technologies Inc.
10.7. PRICON
10.8. Dali Medical Devices
10.9. AlShifa Medical Products
10.10. Advacare Pharma USA
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Global Smart Syringes Market Report
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