(PharmaNewsWire.Com, June 05, 2018 ) Global Needle Free Drug Delivery Market: By Technology (Jet injectors, Inhaler Technology, Novel Needle Free Technologies, and Transdermal Patch Technology), By Site of Delivery (Intra Dermal Injectors, Intramuscular Injectors, and Subcutaneous Injectors), By Applications (Pain Management, Insulin Delivery, Vaccine Delivery, and Others), By Distribution Channel (Hospitals, Clinics, and Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global needle free drug delivery market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Needle Free Drug Delivery Market Needle free drug delivery devices are the medical devices that deliver the drug through the skin using the forces such as shock waves, pressurized gas or electrophoresis and by Lorentz which propels the drug through the skin which virtually nullify the use of the hypodermic needles. Large number of the patients opting for self-administration of drugs which would be possible using the needle free drug delivery devices. The adoption of the needle free drug delivery devices helps in reducing the healthcare expenses to the patients.
Market Dynamics: Needle Free Drug Delivery Market Increase in the prevalence of chronic diseases such as hepatitis B, hepatitis C, AIDS etc. which drives the extensive use of injections and in turn helps in the needle free drug delivery market revenue growth. The growing necessity of self-administration and a significant growth of the geriatric population adding fuel for the growth of the needle free drug delivery market. The ease of administration and pain-free drug delivery and increasing focus on the portable delivery devices has boosted the market growth. However, the restricted use of the needle-free injection systems may hamper the growth of the needle free drug delivery market.
Market Scope: Needle Free Drug Delivery Market Needle free drug delivery market is segmented based on the technology, site of delivery, applications, and distribution channel Based on the technology, the market is segmented into the following: Jet Injectors Inhaler Technology Novel Needle Free Technologies Transdermal Patch Technology Based on the site of delivery, the market is segmented into the following: Intradermal Injectors Intramuscular Injectors Subcutaneous Injectors Based on the applications, the market is segmented into the following: Pain Management Insulin Delivery Vaccine Delivery Others Based on the distribution channel, the market is segmented into the following: Hospitals Clinics Others
Regional Analysis: Needle Free Drug Delivery Market Geographically, global needle free drug delivery market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America needle free drug delivery market is accounted for significant owing to increase in the prevalence of chronic disorders. The adoption of the modern treatments is anticipated to drive the growth of the free drug delivery market. The Asia Pacific is expected to grow faster rate over the forecast period owing to the growing prevalence of chronic diseases and favorable patient demographics.
Competition Assessment: Needle Free Drug Delivery Market Some of the players in the global needle free drug delivery market include: Inovio Pharmaceuticals, Inc.(U.S) 3M Pharmaceuticals (U.S) Antares Pharma, Inc. (U.S) Crossject SA (France) Becton Dickinson and Company (U.S) MedImmune, Inc. (U.S) Optinose, Inc. (U.S) PharmaJet (U.S) Notable Market Developments: Needle Free Drug Delivery Market In February 2017, PharmaJet and Genexine collaborate on DNA vaccine development and commercialization of DNA vaccines for human applications using the PharmaJet needle-free injection systems
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