Needle-Free Injectors Market exhibiting CAGR of 15.5% by 2032, owing to rise in demand for self-injection devices | insightSLICE
The market for Needle-Free Injectors was valued at US$ 6.1 billion in 2021 and is anticipated to grow at a CAGR of 15.5% by 2032.
The increasing frequency of communicable diseases brought on by needle-stick injuries, the market growth for biosimilars and immunization, the benefits of drug delivery applications, and the expanding popularity of self-injection equipment are some of the main drivers boosting this market’s expansion.
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While the market is expected to rise during the projected period, the high development costs of needle-free injections in comparison to conventional needle injections could restrain that expansion.
The key players of the Global Needle-Free Injectors Market are:
PharmaJet, Endo International PLC, Medical International Technology, Inc., Bioject Medical Technologies Inc., National Medical Products Inc., INJEX Pharma AG, European Pharma Group, Valeritas, Inc., Crossject SA, PenJet Corporation, European Pharma Group, etc are some of the largest companies in the needle-free injection market.
Several domestic and foreign companies dominate the marketplace for needle-free injection systems. Various detectors are offered by market participants in various subsegments.
Market is expected to grow due to several factors:
The market for needle-free injectors is being driven by an increase in the demand for self-injecting devices, an improved healthcare system, an aging population, an increase in the predominance of chronic diseases and infectious diseases, the inability of conventional needles to be reused, rising medical costs, and an increase in the desire for vaccination.
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To meet the growing demand for self-injection equipment, drug companies are focusing on creating novel, secure, and painless injectors. As a result, it is anticipated that throughout the study, the market for needle-free injectors would grow as a result of the entry of new, high-quality solutions.
On the other hand, it is anticipated that in the upcoming years, expensive product development, stringent government regulatory constraints connected to injectors, and a lack of worker confidence will impede market acceptability.
A method of administering medication without using a needle makes use of the Lorentz force, shock waves, suction, or electrophoresis force. Therefore, unlike syringe systems, needleless injection methods can be used multiple times without running the danger of spreading infection and they are favored over hypodermic needles.
They also help prevent discomfort and damage from needlesticks when administering drugs. Over the course of the forecast period, it is anticipated that the frequency of injuries caused by needles and needle fear would rise among the general population.
Nevertheless, the future growth of the needle-free injection equipment market is anticipated to be limited due to a lack of acceptance and awareness in developing countries.
Regions that are expected to show significant growth:
Due to the existence of significant market participants in the U.S. and the rising prevalence of long-term and lifestyle-related disorders, North America is likely to continue to lead the market in 2022 with a 42.5% share. Additionally, a growing trend of self-administration of drugs was observed among Americans and Canadians alike.
Therefore, it is projected that the aforementioned elements will spur regional growth. Europe had the second-highest share of the revenue and is anticipated to grow significantly over the projected period.
The market is anticipated to increase over the projected period as a result of improvements in medical technology, rising use of needle-free injectors, and growing health expenditures.
The quickest CAGR is anticipated in Asia Pacific to be approximately 8.16% throughout the forecast period, which is due to the region’s supportive policy measures for the use of medical equipment, the growing senior population, and rising healthcare spending.
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Benefits for certain cases are pretty evident:
Compared to professional medication, self-injection has benefits as a result like higher self-esteem and comfort. Frequent injections at a hospital or medical center are no longer necessary, saving the patient and the healthcare system funds and time.
The affordability of self-injection devices has been a key factor in the market’s expansion for needle-free injection.
Self-injections are employed to aid people in recovering from long-term autoimmune diseases like cancer and rheumatoid arthritis, which has contributed to the industry’s expansion. These elements will propel the market forward within the anticipated time frame.
Our market report provides detailed information of this market:
The study on the global market for needle-free injectors includes statistics on market share, trends, and predictions for the years 2023 through 2032. This research includes market projections for the years 2023 to 2032, with 2021 serving as the historical baseline and 2022 as the reporting year.
The study also considers the industry’s competitive environment, and the report will give an overview of each business and an analysis of the market for the top players in the global market for needle-free injectors.
The study would also include important developments, international trade, geographical revenue, business plans, R&D initiatives, market capitalization, and new product introductions for all the leading market participants.
Global Needle-Free Injectors Market Key Segments:
By Product
- Fillable Needle-Free Injectors
- Prefilled Needle-Free Injectors
By Technology
- Jet-Based Needle-Free Injectors
- Spring-Based Needle-Free Injectors
- Laser-Powered Needle-Free Injectors
- Vibration-Based Needle-Free Injectors
By Usability
- Reusable Needle-Free Injectors
- Disposable Needle-Free Injectors
By type of Medication
- Liquid-based needle free injectors
- Powder-based needle free injectors
- Projectile/depot-based needle free injectors
By Site of Delivery
- Intra dermal injectors
- Intramuscular injectors
- Subcutaneous injectors
By Application
- Vaccine Needle free delivery
- Insulin Needle free delivery
- Pain Management Needle free delivery
- Oncology Needle free delivery
- Other applications
By End User
- Hospitals and Clinics
- Homecare Settings
- Research Laboratories
- Pharmaceutical and Biotechnology companies
- Other End Users
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
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