Global needle-free injection system market is expected to reach USD 42.63 Billion by 2026 and set to witness a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to extensive use of needle-free injection system in the developing countries.
In this market research report, a market study and overview is carried out by taking into account market drivers, market restraints, opportunities and challenges for a particular business. Geographical scope of the products is also taken into consideration methodically for the major global areas such as Asia, North America, South America, and Africa. This helps delineate strategies for the product distribution in those areas. Needle-free injection system market report estimates the size of the market with respect to the information on key retailer revenues, development of the industry by upstream and downstream, industry progress, key companies, key developments, along with market segments and application. This superior needle-free injection system market report is presented with a full devotion and dedication to the clients that extend their reach to success.
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Few of the major competitors currently working in global needle-free injection system market are Antares Pharma, Endo Pharmaceuticals Inc., PharmaJet, Inovio Pharmaceuticals, Inc., Medical International Technologies, INJEX, THE NATIONAL MEDICAL PRODUCTS CO., LTD, Valeritas, Inc., InsuJet, PenJet, Crossject, Amico Group, BD, Inovio Pharmaceuticals, Inc., MedImmune, Mystic Pharmaceuticals, OptiNose US, Inc., Zogenix, D’Antonio Consultants International, Inc., among others.
Key Developments in the Market:
- In July 2019, Eli Lilly and Company has received U.S. Food and Drug Administration approval for Baqsimi (glucagon) nasal powder 3 mg. The product is used to treat diabetic severe hypoglycemia. The product approval will help company to increase its revenue generation from drug delivery system as the product is first of its kind and only nasally-dosed glucagon, available for diabetics
- In January 2018, LenisUSA.com and Lenis Medical Ltd has formed partnership with Premier Media Service Inc. for distribution and sales of LENIS Needle-Free Injection System in U.S. The injection system is a next generation needle free injections system and the device is highly adaptable, and applicable to anesthetics, steroids, HA, HGH, HCG, MS drugs, vitamins, insulin, vaccines, filers, fertility drugs, and orthopedic drugs. The partnership will help company to increase its market presence in U.S.
Global needle-free injection system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of needle-free injection system market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- Increasing number of chronic disease is expected to drive the growth of the market in the forecasted period
- Increased rate of communicable disease due to needle stick injuries is expected to drive the growth of the market Increasing demand for self-injection devices is expected to increase growth of the market in the forecasted period
- Increasing demand for biosimilars and vaccination is expected to enhance growth of the market
- Limitation in intravenous administration is expected to restrain the market growth
- Stringent regulation is expected to hinder the market growth
- Needle-free injection system is costly which is expected to restrain the market growth
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Segmentation: Global Needle-Free Injection System Market
- Liquid-Based Needle-Free Injectors
- Projectile/Depot-Based Needle-Free Injectors
- Powder-Based Needle Free Injectors
- Fillable Needle-Free Injectors
- Prefilled Needle-Free Injectors
- Jet-Based Needle-Free Injectors
- Spring-Based Needle-Free Injectors
- Laser-Powered Needle-Free Injectors
- Vibration-Based Needle-Free Injectors
By Source of Power
- Spring-Based Needle-Free Injectors
- Gas Propelled/ Air Forced Injector Systems
- Disposable Needle-Free Injectors
- Reusable Needle-Free Injectors
By Delivery Site
- Subcutaneous Injectors
- Intramuscular Injectors
- Intradermal Injectors
- Vaccine Delivery
- Insulin Delivery
- Pain Management
By End User
- Home Care Settings
- Research Laboratories
- Pharmaceutical and Biotechnological Companies
- North America
- South America
- Middle East & Africa
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