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Needle-Free Injection System Market Technology, Product, Type of Medication, Application, Growth Rate (17.0% of CAGR), End Users and Top Companies are PharmaJet, Portal Instruments, Medical International Technology, Inc (MIT), NuGen Medical Devices, Cross

02-17-2022 10:17 AM CET | Health & Medicine

Press release from: ReportsnReports

The Needle-Free Injection System Market research report looks at the examples in the parent market, close by the standard factors and piece of the pie by different portions and sub-sections. The Needle-Free Injection System Market report furthermore predicts the effect of different industry viewpoints accessible in market portions and geologies. The exploration report also distinguishes the market circumstance and impending difficulties of the overall market. It then analyzed competitive landscapes, item dispatches, augmentations, and acquisitions in the Needle-Free Injection System Market.

The Needle-Free Injection System Market research report categorizes the competitive spectrum of the industry in detail. It highlights the top key vendors operating in the market so as to understand the competitive landscape of the market. The Needle-Free Injection System Market report also mentions the details such as the overall remuneration, product sales figures, pricing trends, gross margins, etc. Information about the sales & distribution area alongside the details of the company, such as company overview, buyer portfolio, product specifications, etc., are provided in the study.

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MarketsandMarkets expects the needle-free injection system market is projected to reach USD 272 million by 2026 from USD 124 million in 2021, at a CAGR of 17.0% from 2020 to 2026. Needle-Free Injection System Market by Technology (Jet, Spring, Micro-array Patch), by Product (Prefilled, Fillable), Type of Medication (Liquid, Powder), Application (Vaccination, Dermatology), End Users (Hospital, Homecare) - Global Forecast to 2026

Key Market Players :

The prominent players in global needle-free injection market include PharmaJet (US), Portal Instruments (US), Medical International Technology, Inc (MIT) (US), NuGen Medical Devices (Canada), Crossject SA (US), and Bioject Medical Technologies (US).

A breakdown of the primary participants (supply-side) for the needle-free injection system market referred to for this report is provided below:

By Company Type: Tier 1-5%, Tier 2-15%, and Tier 3-80%
By Designation: C-level-45%, Director Level-25%, and Others-30%
By Region: North America-36%, Europe-26%, Asia Pacific-21%, Latin America- 10%, and Middle East and Africa- 7%

Growth in this market is mainly driven by technological advancements, increasing demand for self-injection devices, and the rising incidence of chronic diseases. With the rising geriatric population and the increasing prevalence of chronic diseases, the patient volume has increased significantly globally. This, in turn, is creating a greater demand for advanced and effective treatment approaches, including the use of needle-free injection systems. Moreover, the high adoption of advanced drug delivery technologies across the globe is supporting the growth of this market. On the other hand, limitations with large volume and intravenous administration systems are the key factors restraining the growth of the market.

Based on product, the needle-free injection system market is segmented into:

fillable and pre-filled needle-free injectors

On the basis of technology, the needle-free injection system market can be segmented into:

jet-based,
spring-based,
microarray patches and other injectors

Based on the type, the needle-free injection system market is segmented into:

liquid-based,
powder-based and projectile/depot-based needle-free injectors

Based on site of delivery, the needle-free injection system market is segmented into:

subcutaneous,
intramuscular and intradermal

Based on applications, the needle-free injection system market is segmented into:

vaccine delivery,
insulin delivery,
oncology,
pain management,
dermatology,
and other applications

Based on end-users, the needle-free injection market is segmented into:

hospitals & clinics,
home care settings,
research laboratories,
pharmaceutical and biotechnology companies,
and other end users.

On the basis of region, the needle-free injection system market is segmented into:

North America,
Europe,
Asia Pacific,
Latin America,
and the Middle East & Africa.

Key Questions Answered In This Needle-Free Injection System Market Report

1. What will the market size be in 2026 and what will the growth rate be?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
6. What are the market opportunities and threats faced by the key vendors?

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