Market Research Report 7th Edition Includes- Market Timeline 2018 till 2030, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
|Report ID: CMR613543 | Edition: 7th Global Edition
The base year for the calculation is 2023 and 2018 to 2023 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date.
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The market size was valued at USD 24.6 billion in 2022 and will be USD 59.7 billion till 2030 growing with a CAGR of 1.2% during the forecast period.
|Historical Data Time Period||2018-2023|
|Global Needle Free Injection System Market Sales Revenue 2022||$ 24.6 Billion|
|Global Needle Free Injection System Market Sales Revenue 2030||$ 59.7 Billion|
|Global Needle Free Injection System Market Compound Annual Growth Rate (CAGR) for 2023 to 2030||11.2%|
Needle Free Injection System Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Needle free injection systems are injections that deliver medication into the bloodstream without the use of a needle. Needle free injection systems use a narrow stream of fluid to precisely dose and pierce the skin to deliver a spring-powered injection in seconds. External power and needle are not required. Needle free injection systems are the most efficient route of administration. The needle free injection system provides advanced technology that helps physicians to provide medication without piercing patients skin. Growing elderly population, increasing chronic disease, improving drug delivery system and growing demand in self-injectable devices are the prime drivers of the Needle-Free Injection System.
The needle free injection system is more effective and efficient to use. It is self-injectable that helps the elderly patient to take medication in a home setting. It is often used in emergency situations and provides quick relief. It is convenient to use and provides a pain free drug delivery system. The above-mentioned factors are responsible for the growing demand of needle free injection.
Understanding the benefits and easy use of the needle free injection result in growing demand for the needle free injection system market. Increasing awareness among people would help in expanding the needle free injection market.
A needle free injection system manufacturing cost is high, due to high labour and expenditures. The complexity of the injection raises the cost of manufacturing. Increasing spending on production standards and quality control the manufacturer costs increases. The initial investment of the needle free injection is costly. The significant cost saving can be done through lowering the time phase for development and clinical trials.
Technology advancement is increasing due to high demand for needle free injection systems. The key players in the market are developing and performing R&D to create advanced technology products. For instance cloud based platforms that track the injection time, dosage, frequency of medication taken by the patient. This would be more helpful to doctors to collect the information and know the effect of medication and dosage of the patient. The advancement in technology would increase the needle free market growth.
The COVID-19 had a favorable impact on the needle free injection system. Mass vaccination and self-injection has been in high demand since COVID-19. During the COVID-19 , bulk of the needle free injectors market players started engaging in R&D activities and also started collaborations and agreements with other businesses in the industry. Also created collaboration with government organizations with the purpose of creating and enhancing needle free injectors as COVID-19 instances have surged across the world.
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Global Needle Free Injection System Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Needle Free Injection System Industry growth. Needle Free Injection System market has been segmented with the help of its Product Type, Usability Site of Treatment, and others. Needle Free Injection System market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the product type the needle free injector market is divided into fillable needle free injections and prefillable needle free injectors. The prefillable needle free injectors have the highest market share. The prefillable needle free injectors market is growing due to convenience, reducing medication mistakes, improving the dosage frequency and can be easy to use and effective during serious situations. Due to above mentioned factors the prefillable needle free injectors market is growing.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Needle Free Injection System Industry. Request a Free Sample PDF!
Based on usability the needle free injection system market is divided into disposable needle free injectors and reusable needle free injectors. The disposable needle free injections dominate the market. The lower chance of risk for infection and ease use can boost the needle free injection system market growth.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Needle Free Injection System market report 2023 Edition by contacting our team.
Based on the site of treatment the needle free injection system is divided into intradermal injectors, intramuscular injection and subcutaneous injectors. The subcutaneous injectors are expected to have the highest share of the market, Due to patient increasing desire for self-drug administration. The drug is delivered in tissues under the skin. Growth hormone and therapeutic protein drugs are delivered by this method. Therefore, the subcutaneous injection has the highest growth.
North America is expected to dominate the market. Increasing demand of the needle free injection system, due to growing favourable reimbursement policies, increasing healthcare cost and increasing demand for paediatric vaccinations. Since North America regularly uses needles, risk of needlestick injuries is a constant worry. Needle stick injuries occur though every hospital follows procedure for proper handling and disposal of needles. Due to this, the demand for the needle free injection system in North America increased.
The current report Scope analyzes Needle Free Injection System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on firstname.lastname@example.org
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Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Fillable needle free injectors with Usability, Site of Treatment, additional country analysis, volume/consumption data, etc.
|Major Product Type Analysed||
|Major Usability Analysed||
|Major Site of Treatment Analysed|
|Top Manufacturers Disclosed||
|Global, Regional and Country Analysis||
|Key Qualitative Information Covered||
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Top Companies Market Share in Needle Free Injection System Industry: (In no particular order of Rank)
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PharmaJet announced that the World Health Organisation (WHO) had selected its Tropis Needle-free Injection System (NFIS) for large polio vaccination programmes. The firm developed and sold an intradermal needle-free platform to more effectively administer pharmaceuticals and biologics. Over 2.7 million children have been the target of this programme with the PharmaJet Tropis NFIS.
The information of patients such as injection time, frequency, dosage get collected in devices that possess a cloud-based platform, this helps the physician to understand the effect of the medication and its dosage on the patient.
PharmaJet, a company that created and sold a needle-free platform to more efficiently administer medications and biologics, today announced that the National Institutes of Health (NIH) had awarded them a direct-to-Phase II grant worth more than $800,000 to study the immunogenicity of intradermal administration.
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