According to a new report published by UnivDatos Markets Insights, the Needle-free injection system Market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 13% from 2022-2028. The analysis has been segmented into Product (Fillable needle-free injectors, Prefilled needle-free injectors); Technology (Jet-based needle-free injectors, Spring-based needle-free injectors, Micro array patch injectors, Others); Usability (Disposable needle-free injectors, Reusable needle-free injectors); Application (Vaccine delivery, Insulin delivery, Oncology, Pain Management, Dermatology, Others); End-User (Home care settings, Research laboratories, Pharmaceutical and biotechnological companies, Others); Region/Country.
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The needle-free injection system market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the needle-free injection system market. The needle-free injection system market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the needle-free injection system market at the global and regional levels.
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Market Overview
The demand for the needle-free injection system market is growing due to its benefits as it improves immune response to vaccines, eliminates risks of needles, and reduces healthcare costs which boosts the adoption of organic growth strategies among key industry players around the globe. For instance, in May 2021, Enesi pharma achieves a key milestone in the development of thermostable solid-dose live vaccines against Measles and Rubella and soon entered into clinical trials. Owing to these glaring statistics the demand for needle-free injection systems is anticipated to grow in the forthcoming years as the increasing volume of patients suffering from chronic disease, diabetes and others boosted the growth of the needle-free injection system industry. Moreover, rising awareness about the benefits of needle-free injections and their application in the treatment of cancer, diabetes, and other infectious diseases is fueling the demand for the needle-free injection system market. Furthermore, technological advancement and awareness about the advantages of needle-free injection systems over other conventional techniques are expected to drive the market for the needle-free injection system market in the coming years.
Some of the major players operating in the market are PharmaJet, Crossject SA, Portal Instruments, NuGen Medical Devices Inc, Inovio Pharmaceuticals Inc, Antares Pharma, Inc, Ferring B.V., Medical International Technology Inc, InsuJet, and Glide Pharmaceutical Technologies Limited.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The COVID-19 pandemic has had a positive impact on the market for needle-free injectors. Since the start of COVID-19, there has been an increase in the need for mass vaccinations and self-injectable devices. As the number of COVID-19 cases has increased in all regions, the majority of needle-free injector market participants have engaged in R&D activities and begun entering into agreements and partnerships with other industry firms and government organizations to develop and improve needle-free injectors.
The global needle-free injection system market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on the usability, the market is fragmented into disposable needle-free injectors and reusable needle-free injectors. The reusable needle-free injectors segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Reusable needle-free injectors are commonly recommended by healthcare professionals and doctors to reduce the risk of infections and other harmful ailments. Reusable injectors are extremely durable because they are made of superior and precision-engineered materials, allowing doctors to reuse them multiple times.
· Based on the application, the market is fragmented into vaccine delivery, insulin delivery, oncology, pain management, dermatology, and others. The vaccine delivery segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the increased preference for vaccine administration is expected to drive up demand for needle-free injectors. The growing prevalence of medical conditions such as pain disorders, arthritis, and migraine are expected to keep the market position.
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Needle-free injection system Market Geographical Segmentation Includes:
· North America (U.S., Canada, and Rest of North America)
· Europe (Germany, U.K., Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific)
· Rest of the World
North America constitutes a major market for the needle-free injection system industry owing presence of highly regulated and developed healthcare infrastructure, the availability of advanced products due to the presence of major market players in the U.S. coupled with the increasing prevalence of chronic and lifestyle-associated diseases, rising healthcare spending in this region.
The major players targeting the market include
· PharmaJet
· Crossject SA
· Portal Instruments
· NuGen Medical Devices Inc
· Inovio Pharmaceuticals Inc
· Antares Pharma, Inc
· Ferring B.V.
· Medical International Technology Inc
· InsuJet
· Glide Pharmaceutical Technologies Limited.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the needle-free injection system market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the needle-free injection system market?
• Which factors are influencing the needle-free injection system market over the forecast period?
• What are the global challenges, threats, and risks in the needle-free injection system market?
• Which factors are propelling and restraining the needle-free injection system market?
• What are the demanding global regions of the needle-free injection system market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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