Global Needle-Free Drug Delivery Technology Market: Industry Perspective, COVID-19 Impact Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2030

Needle-free injection technologies have been developed for injecting drugs and vaccines in a solid and liquid dosage form. Needle-free injection systems helps to introduce various medicines into patients without piercing the skin with a conventional needle. Hypodermic needles, which are being used these days were first introduced during the 1800s, whereas needle-free systems are relatively recent inventions. This technology is beneficial for the pharma industry and developing countries too for using it during mass immunization programs, bypassing the chances of needle stick injuries and avoiding other complications that arise due to multiple uses of a single needle. Needle-free drug delivery devices avoid infections which are an effective solution for getting contamination. This technology is being backed by organizations such as the World Health Organization, Centers for Disease Control and Prevention and various groups including Bill and Melinda Gates Foundation. An increase in the number of diabetic patients is likely to stimulate the demand for these devices. Rising pressure to reduce the rate of infectious diseases such as hepatitis, dengue fever, neurological disorders, and AIDS is deriving the demand of Needle-free injection. The global needle-free drug delivery technology market valued USD 8.7 billion in 2020 and it is expected to reach USD 23.9 billion by 2030 with the CAGR of 10.6% during the forecast period.
Download Sample Copy of the Report to understand the structure of the complete report (Including Full TOC, Table & Figures) @ https://www.decisionforesight.com/request-sample/DFS020131
Market Dynamics and Factors:
Surging demand and technological advancements in the field of pain-free drug transportation and self-administration have been playing an instrumental role in driving the market. Rising pressure to control the incidence rate of infectious diseases such as hepatitis, dengue fever, neurological disorders, and AIDS caused by the West Nile virus during transmission is estimated to boost the growth of the needle-free drug delivery technology market. Changing regulatory requirements and lack of skilled professionals may restrict the growth of the needle-free drug delivery technology market. The high number of diabetes ridden population is expected to act as a major driver for the market growth due to the requirement of insulin delivery devices that are pain-free, and needle-free. Limitations and drawbacks associated with the devices like, blockage and restrictions of the flow of drugs are expected to slow down the market growth. The high cost of these devices is also expected to hinder the needle-free drug delivery technology market growth.
Browse Full report on Global Network Forensics Market @ https://www.decisionforesight.com/reports/needle-free-drug-delivery...
Market Segmentation:
Global Needle-Free Drug Delivery Technology Market – By Type
Spring systems
Laser powered
Energy propelled systems
Lorentz force
Gas propelled/air force
Shock waves
Global Needle-Free Drug Delivery Technology Market – By Type of Load
Liquid
Powder
Projectile
Global Needle-Free Drug Delivery Technology Market – By Site of Delivery
Intradermal Injectors
Intramuscular Injectors
Subcutaneous Injectors
Global Needle-Free Drug Delivery Technology Market – By Application
Vaccine Delivery
Insulin Delivery
Pain Management
Global Needle-Free Drug Delivery Technology Market – By End-User
Hospitals & Clinics
Home Care Settings
Research Laboratories
Global Needle-Free Drug Delivery Technology Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC at @ https://www.decisionforesight.com/toc-request/DFS020131
Geographic Analysis:
The global needle-free drug delivery technology market is expected to rise from USD 8.15 billion by 2018 to an estimated value of USD 17.42 billion by 2026, registering an approximate CAGR of 9.95% in the forecast period of 2016-2026. North America followed by Europe are the two largest markets for needle-free drug delivery technology at present and they are expected to account for a large proportion of the needle-free drug delivery technology market in the forecast period as well. This is due to the high presence of the chronic and acute diseases in the region, the ongoing research & development initiatives for the treatment options and the increasing demand for technologically advanced drug delivery systems for better outcomes. High awareness regarding the potential benefits of needle-free drug delivery devices has supported the dominance of the region in the global arena. 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. For instance, the International Diabetes Federation states that in 2017, India had about 7.2 billion individuals suffering from diabetes and China had about 11.4 billion individuals suffering from diabetes.
Competitive Scenario:
The major/Key market players operating in the needle-free drug delivery technology market are Antares Pharma, 3M, Injex Pharma AG, Verdict Media Limited; Pharmajet; Zonenix; Inovio Pharmaceuticals, Inc., Valeritas, Inc., Penjet, PharmaJet, Bioject Medical Technologies Inc., and Endo Pharmaceuticals Inc.
Connect to Analyst @ https://www.decisionforesight.com/speak-analyst/DFS020131
Buy This Premium Research Report@ https://www.decisionforesight.com/checkout/DFS020131
How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Needle-Free Drug Delivery Technology industry, although key threats, opportunities and disruptive technologies that could shape the Global Needle-Free Drug Delivery Technology Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Needle-Free Drug Delivery Technology Market most.
The data analysis present in the Global Needle-Free Drug Delivery Technology Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Needle-Free Drug Delivery Technology Market business.
The 2021 Annual Global Needle-Free Drug Delivery Technology Market offers:
100+ charts exploring and analysing the Global Needle-Free Drug Delivery Technology Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Needle-Free Drug Delivery Technology Market type
About Us:
Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.
Contact:
Email: [email protected]
For Latest Update Follow Us:
https://www.facebook.com/Decision-Foresight-110793387201935
https://twitter.com/DecisionFs
https://www.linkedin.com/company/decision-foresight/