As per this study the Global Needle-Free Drug Delivery Devices Market was valued USD 11.17 BN (by revenue) in 2022 and is anticipated to reach USD 26.68 BN by 2030 with a CAGR of 11.5%.
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 enters 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.
Market Dynamics
The rising adoption of needle-free drug delivery devices among diabetic patients in order to reduce the risks of infection and pain through needle injections are fueling the demand for needle-free drug delivery devices product. Also, rising incidences of respiratory diseases like asthma and others are further boosting the market demand. However, high initial costs of needle-free drug delivery devices can hinder the market growth. Whereas, technological advancements in terms of pain-free drug transportation and self-administration is expected to offer an immense growth opportunity to the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of needle-free drug delivery devices.
Market Segmentation
The broad needle-free drug delivery devices market has been sub-grouped into technology and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Technology
- Jet Injectors
- Inhaler Technology
- Transdermal Patch Technology
- Novel Needle-Free Technologies
By Application
- Vaccine Delivery
- Pain Management
- Insulin Delivery For Diabetes
- Pediatric Injections
- Others
Regional Analysis
Furthermore, the report comprises of 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. The report further focuses on demand for individual application segments in all the regions.
Global Needle-Free Drug Delivery Devices Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Needle-Free Drug Delivery Devices market include Antares Pharma, 3M, and Injex Pharma AG., Verdict Media Limited, Pharmajet, Zonenix, Inovio Pharmaceuticals, Inc., Valeritas, Inc., Penjet. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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