Smart Syringes Market (By Product: Auto Disable Syringes, Passive Safety Syringes, and Active Safety Syringes; By Application: Vaccination, Drug Delivery, and Blood Specimen Collection; By End Users: Hospitals, Psychiatrics, Family Practices, Diabetic Patients, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global smart syringes market size was valued at US$ 8.70 billion in 2022 and is expected to reach over US$ 23.51 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 10.50% from 2023 to 2032.
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The U.S. smart syringes market size reached US$ 2.06 billion in 2022 and is projected to be worth around US$ 5.61 billion by 2032, at a CAGR of 10.60% between 2023 to 2032.
North America was the leading smart syringes market in 2022. The region is characterized by the increased demand for the advanced technologies in the healthcare sector. Moreover, the increased awareness regarding the blood-borne diseases owing to the unsafe injecting practices is a major factor that spurred the demand for the smart syringes in North America. North America accounted for over 40% of the market share in 2020. Moreover, the increased prevalence of chronic diseases and presence of considerable number of geriatric people in the region coupled with the increased healthcare expenditure is further fueling the demand for the smart syringes across North America.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. The rising government and corporate expenditure in the development of smart healthcare infrastructure along with the rising focus in providing enhanced patient care is boosting the growth of the Asia Pacific smart syringes market. Moreover, the rising disposable income of the consumers, growing healthcare expenditure, and rising awareness regarding the needle stick injuries is expected to augment the growth of the smart syringes market in the forthcoming years.
The smart syringes perfectly serves the need for safe injection practices by eliminating the re-use of syringes. Moreover, the growing demand for the minimally invasive procedures among the population is boosting the demand for the smart syringes. The smart syringes prevents the injuries that are associated with the needle sticks of the traditional injections. It also eliminates the spread of certain blood-borne diseases such as HIV, hepatitis B, and hepatitis C. Furthermore, the rising applications of the smart syringes for various applications like vaccination, collection of blood specimen, and drug delivery is augmenting the demand for the smart syringes across the globe. The recommendations of the World Health Organization to adopt the use of the smart syringes in order to avoid needle stick injuries and promote good injection practices all over the globe is spurring the growth of the global smart syringes market.
The rising prevalence of blood borne diseases due to the unsafe injection practices have significantly boosted the growth of the global smart syringes market. As per the data stated by the World Health Organization, in 2014, approximately 1.7 billion people were infected with hepatitis B and about 0.3 million people were infected with hepatitis C due to the unsafe injecting practices. Moreover, the rising adoption of the smart syringes amongst the health maintenance organizations (HMOs) and hospitals across the globe is fueling the growth of the smart syringes market. Further, the diabetic patients and psychiatrics are now increasingly adopting the use of smart syringes to avoid the needle stick injuries.
| Product Segment | 2022 (%) |
| Auto Disable Syringes | 64% |
| Passive Safety Syringes | 15% |
| Active Safety Syringes | 21% |
The auto disable syringes accounted for around 64% of the market share in 2022. The auto disable syringes are the most preferred type of smart syringes across the hospitals and the health maintenance organizations as they are single-use syringes and cannot be utilized for re-use. The extensive usage of the auto disable syringes in the routine administration of drugs to the patients. Hence, this segment is dominant. The safety mechanism of these syringes prevents the transmission of blood-borne diseases and hence the most important need of the smart syringes is served.
On the other hand, the passive safety syringes is estimated to be the most opportunistic segment during the forecast period. The increased safety, auto-activation of the safety features, and the convenience associated with use of the passive safety syringes is expected to drive the growth of this segment. The rising awareness regarding the benefits of the passive safety syringes among the diabetic population further estimated to spur its demand across the globe.
The drug delivery was the dominant segment in 2022. The increased adoption of the smart syringes as a drug delivery device across the hospitals and clinics has augmented the demand for the smart syringes. The rising prevalence of various chronic diseases is boosting the use of the smart syringes as it serves a good mode of drug delivery and also the absorption of drugs through the injections is high, which boosts the growth of this segment.
The vaccination segment is expected to be the fastest-growing market during the forecast period. The rising burden of various infectious diseases across the globe and the constant research and developmental activities by the vaccine producing organizations is expected to fuel the growth of this segment in the forthcoming years.
The hospitals segment dominated the global smart syringes market in 2022. This is attributed to the increased adoption of the smart syringes in the hospitals. The rising incidences of the needle stick injuries and growing transmission of the blood borne disease is boosting the need for the safe injection practices across the hospitals.
The diabetic patients is estimated to be the fastest-growing segment during the forecast period. The diabetic patients are increasing at an alarming rate. The diabetic patients regularly needs to take insulin in order to control and manage the blood glucose levels. Hence, the demand for the smart syringes among the diabetic patients is significantly growing.
Key Developments
In July 2020, Sharps Technology introduced its smart syringes named Sharps Provensa during the COVID-19 pandemic in US for administering the COVID-19 vaccines.
The various developmental strategies like new product launches, merger, and acquisitions undertaken by the key market players are expected to offer new growth avenues in the upcoming future. The various developmental strategies aims at strengthening the players’ position in the market and gaining market share.
| Report Coverage | Details |
| Market Size In 2023 | USD 9.57 Billion |
| Growth Rate From 2023 to 2032 | CAGR of 10.50% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| By Application |
|
| Companies Mentioned | Becton, Dickinson and Company, Gerresheimer AG, Baxter, Terumo Corporation, B. Braun Melsungen AG, AdvaCare Pharma, Cardinal Health, Parker Hannifin Corp., Numedico Technologies Pty Ltd, Retractable Technologies, Inc. |
Segments Covered in the Report
By Product
By Application
By End User
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Smart Syringes Market
5.1. COVID-19 Landscape: Smart Syringes Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Smart Syringes Market, By Product
8.1. Smart Syringes Market, by Product Type, 2023-2032
8.1.1. Auto Disable Syringes
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Passive Safety Syringes
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Active Safety Syringes
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Smart Syringes Market, By Application
9.1. Smart Syringes Market, by Application, 2023-2032
9.1.1. Vaccination
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Drug Delivery
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Blood Specimen Collection
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Smart Syringes Market, By End User
10.1. Smart Syringes Market, by End User, 2023-2032
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Psychiatrics
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Family Practices
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Diabetic Patients
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Smart Syringes Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.3. Market Revenue and Forecast, by End User (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.6.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.7.3. Market Revenue and Forecast, by End User (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.6.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.7.3. Market Revenue and Forecast, by End User (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.6.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.7.3. Market Revenue and Forecast, by End User (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.5.3. Market Revenue and Forecast, by End User (2020-2032)
Chapter 12. Company Profiles
12.1. Becton, Dickinson and Company
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Gerresheimer AG
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Baxter
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Terumo Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. B. Braun Melsungen AG
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. AdvaCare Pharma
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Cardinal Health
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Parker Hannifin Corp.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Numedico Technologies Pty Ltd
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Retractable Technologies, Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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