Needle-free Injection System Market Revenue Opportunies By Top Players - Antares Pharma, Portal Instruments, PharmaJet, Bioject Medical Technologies, PenJet, European Pharma Group,Crossject SA

Coherent Market Insights has announced the addition of the “Needle-free Injection System Market Size Status and Forecast 2026”, The report classifies the global Needle-free Injection System Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Needle-free Injection System Speaker market, analyzes and researches the Needle-free Injection System Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Antares Pharma, Inc., Endo International plc, Portal Instruments, Inc., Zogenix, PharmaJet, Bioject Medical Technologies Inc., Medical International Technology, Inc., PenJet Corporation, INJEX Pharma AG, National Medical Products Inc., Valeritas, Inc., European Pharma Group, and Crossject SA.

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Growth Drivers

Needle free injections market size is expected to witness a significant growth due to rising incidence and prevalence of chronic diseases and increase in the number of communicable disease due to needle injuries. Needle free injection technology eliminates skin puncture hazards and problem of bleeding or bruising. Organizations such as WHO and CDC, Centre for Disease Control as well as groups like Gates Foundation are supporting the development of needle free options for drug delivery that will create immense growth opportunities in future.

Furthermore, skin being highly immunogenic, needle free injections improve immune response to vaccines. NFIT can be used for immunization of typhoid, influenza, tetanus, diphtheria, hepatitis, pertussis as well as mass immunizations such as measles and smallpox. Disposable Syringe Jet Injector Project supports clinical research studies for the delivery of vaccines using jet injectors. Hence, the rising demand for biosimilars and vaccination will further augment demand for such devices.

Needle-free Injection System Market Dynamics

The increasing demand and penetration of needle-free injection systems in emerging economies offer enormous growth opportunities to the players in the needle-free injection systems industry. Since needle-free injection systems make the whole process of self-administration of drugs quite easy and convenient for the patients, transition from hospital care to home care settings has been seen in recent years. The shifting interest of consumers from hospital to home for their healthcare needs has been a key trend observed in the needle-free injection systems market. Needle-free injection system is continuously expanding its market footprint on account of various factors. Increasing incidence of needle associated injuries and needle phobia amongst children and adults is expected to drive growth of needle-free injection system market. According to a study published in Behavioral Neurology, 2014, around 3-4 % of the world population faces needle phobia. This impacts their hospital or clinic visits, as they avoid visiting such facilities due to fear of exposure to needles. Needle phobia also impacts the vaccination amongst children, as most of them perceives injecting vaccine as a painful procedure. According to a study published in the Clinical Journal of Pain in 2015, there were 12 billion vaccination every year worldwide, most of which required injecting drug with a needle syringe system. Increasing demand for vaccines and other biologic products is another factor boosting growth of the needle-free injection system market.

According to the World Health Organization (WHO) 2018, globally around 86% of infants are vaccinated against 26 diseases, however, 19.5 million children are unvaccinated leading to death of 2-3 million children every year. Chronic disease such as diabetes often needs daily dose of insulin, which has to be administered through pain needles. This may lead to lack of adherence to treatment due to lack of confidence to self-inject insulin. Increasing research on biologics and biosimilar is another factor expected to fuel growth of the market. Biologicals are increasingly launched and prescribed to treat disease such as GI tract disease (ulcerative colitis and Crohn’s disease), central nervous system associated disease (multiple sclerosis and Alzheimer’s disease), and cancer. Other factors such as increasing incidence of communicable diseases caused due to conventional needle, increasing geriatric population worldwide who need palliative care, and growing awareness about safe injection practices are also expected to drive growth of needle-free injection system market.

Needle Free Injection System Market Market Taxonomy

On the basis of product type:

Prefilled
Fillable

On the basis of delivery site:

Subcutaneous Injectors
Intramuscular Injectors
Intradermal Injectors

On the basis of product lifecycle:

Disposable
Reusable

On the basis of technology:

Jet-based needle free injector
Spring-based needle free injector
Laser-powered needle free injector

On the basis of application:

Vaccine and other biologic product delivery
Insulin Delivery
Others

On the basis of end user:

Hospitals & Clinics
Home based care

On the basis of geography:

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

What Information does this report contain?

-Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2024.
-Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
-6-7 year performance forecasts: major segments covering applications, top products and geographies.
-Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

North America is a dominant region in the global needle-free injection system market. This is due to high prevalence of chronic diseases such as diabetes and cancer. According to the American Cancer Society, 2018, cancer is the second leading cause of death after cardio vascular disease in the U.S. Furthermore, around 1.7 million new cancer cases were reported by 2017 in this region. Rising number of biologic drug approval in the U.S. is another factor driving growth of needle-free injection system market. Asia Pacific is witnessing high growth in the needle-free injection system market, as vaccine need is highest in this region.

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