Global Needle Free Injection Market Size, Analysis, Competitive Strategies and Forecasts, 2019-2025
Global Needle Free Injection Market was Valued at US$ XX Mn in 2018, Surge in Incidence of Cancer,Diabetes and Infectious diseases
Analyst Speak:
“The Global Needle Free Injection Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2018-2024 owing to grow in incidence of cancer, diabetes and other infectious diseases around the globe.”
Precision Business Insights (PBI) in its report titled “Global Needle Free Injection Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global needle free injection market was valued at US$ XX Mn in 2018 and increasing at a significant CAGR over the forecast timeframe owing to surge in the incidence of cancer, diabetes and other infectious diseases, technological advancements in providing pain free medication, launch of newer therapeutics as pain less injectables, government initiatives to prevent the cancer, diabetes and advanced healthcare services are expected to drive the global needle free injection market. However, high cost for the production, huge developmental costs, stringent regulations associated with such devices, and development of new designs, are anticipated to hinder the revenue share of global needle free injection market.
Global needle free injection market segmented on the basis By Type of medicament, By Product, By Technology, By Site of Delivery, By Application, By Source of Power, By End Use, By Geography.
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Fillable Needle-Free Injectors Dominates the Global Needle Free Injection Market
Based on product type of needle free injectors, global needle free injection market segmented into prefilled needle-free injectors and fillable needle-free injectors. Fillable Needle-Free Injectors dominated the global needle free injection market in 2018 and estimated to dominate over the forecast period owing to innovation of newer technologies by the companies, rise in awareness about the needle free injection among the people, and patent filings by the market players on different technologies associated with the needle free injectors are surge the market over the forecast years. However, a slow growth rate observed for the Prefilled Needle-Free Injectors due to their limited applications and storage problems.
North America Leads the Global Needle Free Injection Market
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Launch of newer technologies of needle free injector products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Key player’s profiles in the report are
• Antares Pharma, Inc., (U.S.)
• Crossject needle-free injection systems ( France)
• D'Antonio Consultants International Inc. (U.S.)
• European Pharma Group (Netherlands)
• Endo Pharmaceuticals Inc. (Ireland)
• INJEX Pharma GmBH. (Germany)
• Medical International Technology, Inc., (Canada)
• National Medical Products Inc., (Saudi Arabia)
• Mika Medical Co., (Korea)
• PenJet Corporation. (U.S.)
Detailed Segmentation
By Type of medication
• Liquid-Based Needle Free Injectors
• Projectile/Depot-Based Needle-Free Injectors
• Powder-Based Needle Free Injectors
By product
• Prefilled Needle-Free Injectors
• Fillable Needle-Free Injectors
By Application
• Vaccine Delivery
• Insulin Delivery
• Pain Management
• Other Applications
By End User
• Hospitals & Clinics
• Home Care Settings
• Research laboratories
• Others
By Site of Delivery
• Subcutaneous Injectors
• Intramuscular Injectors
• Intradermal Injectors
By Technology
• 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 Injector Systems
• Gas Propelled/Air Forced Injector Systems
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