Needle-free Injection Systems Market Expected to reach $23,116 Million by Antares Pharma, Inc., PharmaJet, Medical International Technology, Inc., INJEX Pharma AG, PenJet Corporation, Crossject needle-free injection systems

Global Needle-free Injection Systems Market was valued at $8,166 million in 2016, and is estimated to reach $23,116 million by 2023, growing at a CAGR of 16.0% from 2017 to 2023. Needle-free injection systems are used to administer liquid formulations, drugs, and vaccines into patients without piercing the skin with a conventional needle. The demand for these systems has increased considerably in the recent years as they improve immune response to vaccines, eliminate risks of needles, and reduce healthcare costs. However, lack of skilled professionals and the restricted use of needle-free injection systems for intravenous administration impede the market growth.

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Needle-free injection systems are used to administer drugs and vaccines into patients without penetrating the skin. Improved immunization coverage, increase in demand for self-injection devices, increasing prevalence of chronic diseases such as diabetes and cancer, risk of exposure to communicable diseases due to needle stick injuries, and decrease in healthcare costs are expected to drive the market growth. However, lack of trained personnel and limited usage of needle-free injection systems for intravenous administration may restrict the market growth.

Subcutaneous injectors segment is expected to dominate the market throughout the analysis period. However, the intradermal injectors segment is expected to register the highest CAGR of 15.6%.

Growth in Asia-Pacific

Asia-Pacific offers lucrative opportunities for the market growth, due to its high population base and growth in awareness about the benefits of needle-free injections and their application in treatment of cancer, diabetes, and other infectious diseases.

Benefits of Needle-free Injection Systems

Needle-free injection systems ensure faster drug delivery and better reproducibility as compared to invasive drug delivery systems. In addition, needle-free injection systems also eliminate the needle phobia and enable self-administration of drugs.

The major companies profiled in the report are

• Antares Pharma, Inc.,
• PharmaJet,
• Medical International Technology, Inc.,
• INJEX Pharma AG,
• PenJet Corporation,
• Crossject needle-free injection systems,
• National Medical Products Inc.,
• Valeritas, Inc., and
• European Pharma Group.

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Table of Content

Chapter: 1 INTRODUCTION

1.1. KEY BENEFITS
1.2. KEY MARKET SEGMENTS
1.3. RESEARCH METHODOLOGY

1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies

3.2.1.1. Competitive intelligence of companies and their strategies

3.2.2. Top investment pockets

3.3. MARKET DYNAMICS

3.3.1. Drivers

3.3.1.1. Improved Immunization Coverage
3.3.1.2. Eliminate Risks of Needles
3.3.1.3. Reduce Health Care Costs
3.3.1.4. Increase in patient power

3.3.2. Restrains

3.3.2.1. Dearth of trained personnel
3.3.2.2. Limitation in intravenous administration

3.3.3. Opportunities

3.3.3.1. Wide range of applications
3.3.3.2. Technological advancements

3.3.4. Impact analysis

3.4. MARKET SHARE ANALYSIS, 2016
3.5. GOVERNMENT REGULATIONS
3.6. CLINICAL TRIALS

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