According to Latest Market research report Published by MarketsandMarkets the “Needle-Free Injection System Market Size, Share, Demand and Growth Analysis, forecast” the Global Market is expected to reach $ 20.17 billion, at a CAGR of 15.5%
Growth in this market is mainly driven by the growing prevalence of the chronic disease, increasing the incidence of communicable disease due to needlestick injuries, rising demand for biosimilars and vaccination, advantages of drug delivery technology, increasing demand for self-injection devices.
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key players operating in the Global Needle-Free Injection System Market;
Companies are focusing on adopting organic as well as inorganic growth strategies such as acquisition, agreements, collaboration, expansion, product upgrades, partnerships, and others (approvals and certifications) to synergistically offer advanced needle-free injection solutions in the market
Key market players include Antares Pharma, Inc. (U.S.), Endo International plc (U.S.), PharmaJet (U.S), Bioject Medical Technologies Inc. (U.S), Medical International Technology, Inc. (U.S), INJEX Pharma AG (Germany), National Medical Products Inc. (U.S.), Valeritas, Inc. (U.S.), European Pharma Group (Netherland), PenJet Corporation (U.S), Crossject SA (France).
Major Drivers Impacting the Needle-Free Injection System Market;
· Growing Prevalence of Chronic Diseases
· Increasing Incidence of Communicable Diseases Due to Needlestick Injuries
· Rise in Demand for Self-Injection Devices
· Rising Demand for Biosimilars and Vaccination
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Global Needle-Free Injection System Market Segmentation:
Based on the technology, the market is divided into Jet-based needle-free injectors, spring-based needle-free injectors, laser-based needle-free injectors, and vibration-based needle-free injectors. The jet-based needle-free injectors are expected to witness the highest growth during the forecast period, due to their advantages over the other injector systems.
Global Needle-Free Injection System Market, by type of Medication
- Liquid-based needle-free injectors
- Powder-based needle-free injectors
- Projectile/depot-based needle-free injectors
Global Needle-Free Injection System Market, by Application
- Vaccine Needle-free delivery
- Insulin Needle-free delivery
- Pain Management Needle-free delivery
- Oncology Needle-free delivery
