Sharps Technology Inc. - Common Stock (STSS)

Competitors to Sharps Technology Inc. - Common Stock (STSS)

AdvaMed

As an industry association, AdvaMed represents medical technology companies including those that directly compete with Sharps Technology Inc. While not a direct competitor, the lobbying and advocacy efforts of AdvaMed can influence market dynamics, regulations, and standards which indirectly affect the competitive landscape. Companies that are members can benefit from the association's efforts to promote innovation and address regulatory hurdles more effectively than those outside of its influence, which could sway market share in favor of its members.

BD (Becton, Dickinson and Company) 

BD is a major player in the medical device sector, offering a wide range of products similar to those of Sharps Technology Inc., including syringes and safety-engineered devices. BD has significant scale and resources, allowing it to invest heavily in research and development, ensuring its products incorporate the latest technology. This scale provides BD with cost advantages and extensive distribution networks, making it a formidable competitor. However, Sharps Technology Inc. targets niche markets with specialized solutions, granting them agility and flexibility that larger corporations may lack.

Medtronic Plc 

Medtronic is a global leader in medical technology and offers a vast array of products that overlap with Sharps Technology Inc.'s focus on safety and efficacy in medical devices. Both companies aim to enhance patient safety; however, Medtronic's extensive resources and market penetration give it a significant competitive advantage. While Sharps Technology may have the ability to specialize and innovate quickly, Medtronic’s established brand presence and extensive distribution channels often position it as the preferred choice for large healthcare institutions.

Smiths Medical

Smiths Medical competes with Sharps Technology Inc. by offering various medical devices aimed at protecting patients and clinicians, including specialty syringes and infusion systems. Both companies emphasize high-quality manufacturing and innovative designs aimed at decreasing the risk of injury during medical procedures. However, Smiths Medical benefits from a more extensive product portfolio and established global presence, which often allows it to capture larger market segments than Sharps Technology.

Syringe Technology Corporation 

Syringe Technology Corporation focuses on innovative medical delivery systems, competing with Sharps Technology Inc. by developing advanced syringe technologies that emphasize safety and user-friendliness. Both companies aim to provide solutions that reduce needlestick injuries and improve healthcare outcomes. Their products are often targeted at the same customer base, which includes hospitals and clinics looking for safer medical equipment. However, Syringe Technology's established reputation in the market gives it a competitive edge in terms of customer trust and distribution channels.