Press release
Needle-Free Injection System Market Estimated To Experience A Hike In Growth By 2026| Antares Pharma, Endo Pharmaceuticals Inc., PharmaJet, Inovio Pharmaceuticals, Inc
Global needle-free injection system market is expected to reach USD 42.63 Billion by 2026 and set to witness a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to extensive use of needle-free injection system in the developing countries.The reactions of consumers to a product already existing in the market can be known with this global needle-free injection system report. Moreover, this market report gives idea to clients about the market drivers and restraints extracted from SWOT analysis and also provides all the CAGR projections for the historic year 2016, base year 2017 and forecast period of 2018-2025. Market analysis included here gives an examination of various segments that are relied upon to witness the fastest development amid the estimate forecast frame. And not to mention, before giving it to the end users, all this information is assessed and validated by the market experts.
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Few of the major competitors currently working in global needle-free injection system market are Antares Pharma, Endo Pharmaceuticals Inc., PharmaJet, Inovio Pharmaceuticals, Inc., Medical International Technologies, INJEX, THE NATIONAL MEDICAL PRODUCTS CO., LTD, Valeritas, Inc., InsuJet, PenJet, Crossject, Amico Group, BD, Inovio Pharmaceuticals, Inc., MedImmune, Mystic Pharmaceuticals, OptiNose US, Inc., Zogenix, D'Antonio Consultants International, Inc., among others.
Key Developments in the Market:
In July 2019, Eli Lilly and Company has received U.S. Food and Drug Administration approval for Baqsimi (glucagon) nasal powder 3 mg. The product is used to treat diabetic severe hypoglycemia. The product approval will help company to increase its revenue generation from drug delivery system as the product is first of its kind and only nasally-dosed glucagon, available for diabetics
In January 2018, LenisUSA.com and Lenis Medical Ltd has formed partnership with Premier Media Service Inc. for distribution and sales of LENIS Needle-Free Injection System in U.S. The injection system is a next generation needle free injections system and the device is highly adaptable, and applicable to anesthetics, steroids, HA, HGH, HCG, MS drugs, vitamins, insulin, vaccines, filers, fertility drugs, and orthopedic drugs. The partnership will help company to increase its market presence in U.S.
Competitive Analysis:
Global needle-free injection system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of needle-free injection system market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers
Increasing number of chronic disease is expected to drive the growth of the market in the forecasted period
Increased rate of communicable disease due to needle stick injuries is expected to drive the growth of the market Increasing demand for self-injection devices is expected to increase growth of the market in the forecasted period
Increasing demand for biosimilars and vaccination is expected to enhance growth of the market
Market Restraints
Limitation in intravenous administration is expected to restrain the market growth
Stringent regulation is expected to hinder the market growth
Needle-free injection system is costly which is expected to restrain the market growth
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Segmentation: Global Needle-Free Injection System Market
By Type
Liquid-Based Needle-Free Injectors
Projectile/Depot-Based Needle-Free Injectors
Powder-Based Needle Free Injectors
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 Source of Power
Spring-Based Needle-Free Injectors
Gas Propelled/ Air Forced Injector Systems
By Usability
Disposable Needle-Free Injectors
Reusable Needle-Free Injectors
By Delivery Site
Subcutaneous Injectors
Intramuscular Injectors
Intradermal Injectors
By Application
Vaccine Delivery
Insulin Delivery
Oncology
Pain Management
Others
By End User
Hospitals
Clinics
Home Care Settings
Research Laboratories
Pharmaceutical and Biotechnological Companies
Others
By Geography
North America
South America
Europe
Asia-Pacifi
Middle East & Africa
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