Needle-free Injection Systems Market Analysis to Understand the Competitive Scenario

According to a new report published by Allied Market Research, "Needleless Injection Systems Market by Product, Power Source, Type, Usability, Place of Supply, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," Worldwide The value of the Needleless Injection Systems market was $8,166 million in 2016 and is expected to reach $23,116 million in 2023, growing at a CAGR of 16.0% from 2017 to 2023. Liquid-based needleless injection system sector accounted for more than 2/3 of the total market in 2016.

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Needleless injection systems are used to administer drugs and vaccines to patients without penetrating the skin. Improving the range of vaccination, increasing demand for self-injecting devices, increasing prevalence of chronic diseases such as diabetes and cancer, risk of exposure to infectious diseases due to needle stick injuries, and reducing medical costs are expected to drive market growth. However, the lack of trained workforce and limited use of needleless injection systems for intravenous administration may limit market growth.

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The subcutaneous injector segment is expected to dominate the market during the analysis period. However, the intradermal injector segment is expected to record the highest CAGR of 15.6%.

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Key Results of the Needleless Infusion System Market:
• The spring injector system segment is expected to grow to CAGR of 15.6% over the forecast period.
• Disposables accounted for more than a third of the market for needleless injection systems worldwide in 2016.
• On the product side, the prefill injector system segment is expected to record the highest CAGR of 17.7%.
• The use of needleless injectors for vaccine delivery is expected to increase to a CAGR of 15.9%.
• France and Germany jointly accounted for more than a third of the European market for needleless injection systems in 2016.
• Japan was the largest shareholder, accounting for more than a third of the Asia Pacific needleless injection systems market in 2016.

The Asia Pacific region is expected to record the highest CAGR of 16.6% as the incidence of chronic diseases such as diabetes and hepatitis increases. In addition, awareness of the benefits of needleless injection systems such as needle phobia elimination has increased rapidly, providing favorable opportunities for market growth.

Leading companies featured in the report are Antares Pharma, Inc., PharmaJet, Medical International Technology, Inc., INJEX Pharma AG, PenJet Corporation, Crossject Needleless Injection System, National Medical Products Inc., Valeritas, Inc. And European. Pharma Group.

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