InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Needle-Free Injectors Market– Industry Analysis, Competitive Landscape, Revenue and Volume Forecast 2020-2030.”
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According to the latest research by InsightAce Analytic, the global needle-free injectors market is expected to grow with a CAGR of 18.7% during a forecast period. By region, North America dominated the market with a share of 42% in 2020. The needle-free injector is an innovative way to deliver various medicines without puncturing the skin with a needle. Patients strongly prefer these injections as they are less painful and offer a fast, effective route of administration.
The major drivers for the global needle-free injectors market are the high prevalence of chronic diseases such as diabetes, cardiovascular disease, cancer, depression, increasing chances of needle stick injuries, advanced drug delivery technologies, increased patient preference for self-medication, favorable reimbursement policies, and increasing healthcare expenditure. The high prevalence of chronic and infectious diseases increases the need for advanced, novel needle-free injectors, likely to boost the needle-free injectors market growth over the forecast period.
On the other side, expensive product development, stringent government regulatory policies associated with injectors, and lack of worker confidence are anticipated to hinder the market adoption over the forecast years.
Region-wise, Europe is projected to grow at the fastest growth rate over the forecast period due to the increasing prevalence of chronic diseases, growing older population, increasing healthcare expenditure, and the presence of key market players.
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Major market players operating in the needle-free injectors market include ASTS Enterprises (Aunt) Pty Ltd (Australia), Weston Medical (UK), PharmaJet (US), Crossject (France), PenJet® Corporation (US), Pfizer (US), Antares Pharma, Inc. (New Jersey), Injex UK (UK) among others.
Key developments in the market:
- In August 2021, PharmaJet® (US) company’s partner, Zydus Cadila (Ahmedabad) received the Emergency Use Authorization (EUA) from the Drug Controller General of India (DCGI) for ZyCoV-D, the world’s first Plasmid DNA Vaccine for COVID-19. The vaccine, ZyCoV-D, is exclusively administered using the PharmaJet Tropis® Needle-free Injection System.
- In April 2021, MIKA MEDICAL (Busan) Launched a new continuous needleless injection system in Korea, Comfort-M.
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Market Segments
Global Needle-Free Injectors Market, by Applications, 2020-2030 (Value US$ Mn and Volume No. of Units)
- Drug Delivery
- Vaccines
- Cosmetics
- Other Applications
Global Needle-Free Injectors Market, by Load, 2020-2030 (Value US$ Mn and Volume No. of Units)
- Liquid Injections
- Powder Injections
- Projectile Injections
Global Needle-Free Injectors Market, by Technology, 2020-2030 (Value US$ Mn and Volume No. of Units)
- Spring-loaded jet injector
- Battery-powered jet injector
- Gas-powered jet injector
Global Needle-Free Injectors Market, by End-Users, 2020-2030 (Value US$ Mn and Volume No. of Units)
- Hospitals
- Veterinary Hospitals
- Speciality Clinics
- Home Care Settings
- Other End-Users
Global Needle-Free Injectors Market, by Delivery Site, 2020-2030 (Value US$ Mn and Volume No. of Units)
- Intradermal injectors
- Intramuscular injectors
- Subcutaneous injectors
Global Needle-Free Injectors Market, by Usage, 2020-2030 (Value US$ Mn and Volume No. of Units)
- Reusable Needle-Free Injectors
- Disposable Needle-Free Injectors
Global Needle-Free Injectors Market, by Region, 2020-2030 (Value US$ Mn and Volume No. of Units)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Needle-Free Injectors Market, by Country, 2020-2030 (Value US$ Mn and Volume No. of Units)
- U.S.
- Canada
Europe Needle-Free Injectors Market, by Country, 2020-2030 (Value US$ Mn and Volume No. of Units)
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Needle-Free Injectors Market, by Country, 2020-2030 (Value US$ Mn and Volume No. of Units)
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Needle-Free Injectors Market, by Country, 2020-2030 (Value US$ Mn and Volume No. of Units)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Needle-Free Injectors Market, by Country, 2020-2030 (Value US$ Mn and Volume No. of Units)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Why should buy this report:
- To receive a comprehensive analysis of the prospects for the global needle-free injectors market
- To receive an industry overview and future trends in the needle-free injectors market
- To analyze the needle-free injectors market drivers and challenges
- To get information on the needle-free injectors market size (value US$ Mn and volume, No. of Units) & forecast to 2030
- Significant investments, mergers & acquisitions in the needle-free injectors market industry
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