Product Code: ETC369444 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India smart syringe market import shipments demonstrated a robust growth trend with a notable CAGR from 2020 to 2024. The market exhibited accelerated expansion, particularly evident in the significant growth rate between 2023 and 2024. Overall, the market experienced strong momentum and considerable growth during the period analyzed.
The India smart syringe market is projected to register a strong CAGR over the forecast period owing to decreasing costs associated with disposable syringes along with the growing prevalence of infectious diseases such as hepatitis B virus infection and HIV/AIDS resulting in increased demand for safe medical practices including needle safety devices across country. Additionally, manufacturers are introducing several new models equipped with improved features like auto protect lock system that prevents accidental release of medication while injecting leading towards a higher acceptance level among healthcare professionals thereby promoting overall industry growth over the coming years.
The smart syringe market in India is witnessing significant growth, driven by several key factors. One of the primary drivers is the increasing emphasis on preventing needlestick injuries and enhancing patient safety. Smart syringes are designed with safety features, such as retractable or detachable needles, to reduce the risk of accidental needlestick injuries to healthcare workers and patients. Additionally, the rising prevalence of chronic diseases and the growing demand for vaccinations have boosted the adoption of smart syringes in healthcare facilities. Furthermore, government immunization programs and initiatives promoting safe injection practices have propelled the market`s growth. With a focus on reducing the transmission of infections and ensuring accurate dosage delivery, smart syringes are increasingly becoming the preferred choice in healthcare settings across India.
The smart glass market in India is experiencing growth due to increasing applications in the automotive, construction, and electronics industries. Smart glass can change its transparency, allowing control of light and heat transmission. However, the market faces several challenges. One of the primary challenges is the high cost of smart glass compared to traditional glass, which can be a limiting factor for widespread adoption, especially in price-sensitive markets. Additionally, the complexity of the technology and the need for specialized installation can be challenging, particularly for retrofitting existing buildings with smart glass. Moreover, the availability of skilled technicians and maintenance services for smart glass can also pose a challenge in some regions. The market`s growth will depend on addressing these challenges and developing cost-effective, user-friendly smart glass solutions.
The smart syringe market in India experienced a mixed impact during the COVID-19 pandemic. On one hand, the focus on vaccination and immunization efforts led to increased demand for conventional syringes, diverting attention from smart syringe technologies. The urgency of mass vaccination campaigns required a massive supply of traditional syringes, hindering the immediate adoption of smart syringes in healthcare settings. However, the pandemic also underscored the importance of injection safety and accurate dosage delivery, creating awareness about the potential benefits of smart syringes in preventing needlestick injuries and improving vaccination efficiency. As healthcare systems recover and shift focus from pandemic response to routine healthcare, the smart syringe market is expected to gain traction, driven by the need for improved injection safety practices.
The smart syringe market in India is witnessing growth due to the rising focus on safe injection practices and the prevention of needlestick injuries. Key players in this market include companies like Becton, Dickinson and Company (BD), Cardinal Health India, Terumo India, and Smiths Medical India. These companies offer a range of smart syringes, including auto-disable syringes, pre-filled syringes, and safety syringes, equipped with features such as retractable needles and tamper-evident seals. They focus on collaborations with government health agencies, non-profit organizations, and healthcare providers to promote the adoption of smart syringes and contribute to reducing the risk of infections and cross-contamination in medical settings.