Global Needle-Free Drug Delivery Devices Market Size is estimated to expand rapidly in the coming years, at a CAGR of 10 % from 2018 to 2025. In 2017, the global market valuation was USD 5.1 billion, and it is anticipated to be greater than USD xx.xx billion by 2025.
Needle-free drug delivery devices or needle-free injections are the devices used to introduce various medicines into the human body without piercing the skin, unlike conventional needle. A tube-shaped device is held against the skin and then it is forced to release medicine which penetrates through the skin and tissues thereby enter into the bloodstream. Needle-free drug delivery device or needle-free nozzle also finds its application in delivering insulin to diabetic patients Some of the examples of needle-free devices are needle-free nozzles, nasal sprays, nose drops, flavored liquids, skin patches, air force, and others. Rising usage of injections in healthcare settings such as hospitals, clinics, and ambulatory surgical centers has led to the spread of infectious diseases such as Hepatitis B, Hepatitis C, and AIDS, especially in developing countries. This acts as a key driver for the needle-less drug delivery devices industry
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global needle-free drug delivery devices market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global needle-free drug delivery devices market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
It is relied upon to develop more than a CAGR of 10% during the estimated time frame. The Needle-Free Drug Delivery Devices market is being driven by elements, for example, the rising pervasiveness of ceaseless infections and way of life issue, the tendency of the populace towards self-organization of medications. Rising use of infusions in social insurance settings, for example, medical clinics, facilities, and wandering careful focuses has prompted the spread of irresistible infections, Hepatitis B, Hepatitis C, and AIDS, particularly in creating nations. This goes about as a key driver for the needle-less sedate conveyance gadgets industry.
There are a few colleges, medical clinics, and research focuses working together and supporting the preliminaries for sans needle fly infusion over the world, significantly in the United States, the United Kingdom, and China. The rising receptions of sans needle tranquilize conveyance gadgets among diabetic patients so as to decrease the dangers of disease and agonies through needle infusions are filling the interest for without needle sedate conveyance gadgets item. Additionally, rising frequencies of respiratory maladies like asthma and others are further boosting the market request. In any case, high introductory expenses without needle sedate conveyance gadgets can prevent market development. While mechanical progressions as far as torment free tranquilize transportation and self-organization are relied upon to offer a tremendous development chance to the market.
Worldwide needle-free medicate conveyance gadgets Market is sectioned based on innovation, applications, end clients and local viewpoint. Based on the innovation market is partitioned into Oral medication conveyance framework, Inhaler innovation, Laser-based needle-free injectors, Jet injectors, Novel needle-free advancements, spring-based needle-free injectors, Transdermal fix innovation, and other needles free innovation. The Jet injectors are having the biggest piece of the overall industry and are ruling the innovation fragment, significantly because of its high use rate and broad relevance in conveying a huge scope of medications.
The geographical segmentation which mainly focuses on current and forecast demand for needle-free drug delivery devices in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North American region dominates the global market, this region held the largest revenue share of the global Needle Free drug delivery devices market. This can be attributed majorly due to the increasing prevalence of chronic diseases, high awareness pertaining to novel drug delivery systems among the patient base, development of biologics and pharmaceutical drugs and devices and an increasing number of R&D investments by prominent market players domiciled in this region. The Asia Pacific market is anticipated to witness lucrative growth over the forecast year owing to the rising prevalence of diabetes in developing countries such as India and China. This is a consequence of the increasing elderly population requiring home-based, Needle Free drug delivery devices for enhanced mobility, and the rising healthcare disbursement in emerging economies such as India and China.
Global Needle-Free Drug Delivery Devices Market Size, Share Analysis by Region 2018
Global Needle-Free Drug Delivery Devices Market Study Objective
1. To forecast the market size of needle-free drug delivery devices market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of needle-free drug delivery devices market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate on significant factors that will have a major impact on the growth of needle-free drug delivery devices market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of needle-free drug delivery devices market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide a detailed analysis of competitive and strategic developments in the needle-free drug delivery devices market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
The Key Players in the global needle-free drug delivery devices Market Include 3 M, AkraDermojetInc, Antares Pharma Inc., Bayer Ag, Bioject Medical Technologies, Inc., GlaxoSmithKline Plc., Glide Pharmaceutical Technologies Ltd., InjexPharma Ag, Jdrf, Johnson & Johnson, Inc., Medtronic, Inc., Merck And Co., Nemera, Novartis Ag, Pancreum Llc, Pfizer, Inc., Pharma jet, Inc., Sanofi, Tandem Diabetes Care, Inc., Zogenix, Inc. Such manufacturers plan to supply customized goods to increase consumer base and market share. They also focus on increasing geographical reach in order to gain maximum application penetration, especially in developing countries. It is likely to be a key factor in success for companies to set up R&D centers, together with strategic partnerships with investment companies, to introduce innovative technologies.
Global Needle-Free Drug Delivery Devices Market Study Report Offer You!
The global needle-free drug delivery devices market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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