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Dublin, July 2, 2021 (Global News Service) – “Smart Injector Market-Scale, Share, Prospect and Opportunity Analysis, 2019-2027” Report has been added to ResearchAndMarkets.com provide.
Smart syringes can be divided into three categories: automatically disabled syringes (widely used for vaccination drive), active safety syringes (subcutaneous protection activated by the user), and passive safety syringes (automatically retracted after use).
Smart injectors cater to a variety of applications, including drug delivery, vaccination, and blood sample collection. In addition, the ever-increasing demand for blood donation has also promoted the growth of the smart syringe market. For example, according to data from the World Health Organization (WHO), 112.5 million blood donations are collected globally each year. According to reports, from 2008 to 2013, the volume of blood donations from unpaid blood donors increased by 10.7 million.In addition, according to the National Red Cross, the United States needs approximately 7,000 platelets and 10,000 plasma units every day, and the United States transfusions nearly 21 million blood components every year.
Market dynamics
The main factors driving the growth of the smart syringe market include the launch of new products on the market and the technological advancement of smart syringes. For example, on July 6, 2020, Sharps Technology, Inc., a supplier of smart safety syringes, announced that the company has obtained approval from the U.S. Food and Drug Administration (FDA) for SHARPS PROVENSA smart safety syringes, and plans to start the fourth year Quarterly production. SHARPS PROVENSA is designed with an appropriate protective cover to cover the needle tip, making the syringe impossible to reuse and eliminating accidental needle stick injuries.
Similarly, on October 6, 2020, Gerresheimer AG announced that the company will provide the twist-off closure system SG ITC (Integrated Tip Cap) for its Gx RTF syringe. The new system provides a more stable syringe closure and provides additional protection for medicines.
The main features of the study:
- This report provides an in-depth analysis of the global smart syringe market and provides the market size (in millions of US dollars) and compound annual growth rate (CAGR%) for the forecast period (2020-2027) based on 2019 as the base year
- It clarifies the potential revenue opportunities in different market segments and explains the attractive investment proposition matrix in this market
- This research also…
The full story on Benzinga.com
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