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Market For Vaccine Delivery Systems Is Experiencing A CAGR Of 9.5% Across The Assessment Period 2022-2032

07-07-2022 11:03 AM CET | Health & Medicine

Press release from: Fact.MR

Market For Vaccine Delivery Systems Is Experiencing A CAGR

A recently revamped Fact.MR report forecasts that the global vaccine delivery devices market is projected to surge at a CAGR of 9.5% from 2022 to 2032, surpassing US$ 10 Bn by the end of the said assessment period. The market is primarily driven by the growing number of immunization programs, increasing initiatives for vaccination drives. Initiatives such as; GAVI Alliance, Bill & Melinda Gates Foundation have significantly benefitted the market.

From 2017 to 2021, the market expanded at a CAGR of 8%. Prospects further elevated during the COVID-19 pandemic, as it created an urgency for developed and efficient vaccination devices, thereby elevating the market size. In addition, the initiatives taken by various governments and non-government organizations are anticipated to boost the market significantly.

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Key Takeaways from the Market Study

By product type, syringes are likely to be most lucrative, accumulating US$ 900 Mn in value
Sales of intramuscular vaccine delivery devices to reach a value of US$ 1 Bn by 2022
North America to be a potential revenue hub, forecast to incline at a 10% CAGR
APEJ to be the most opportunistic market, flourishing at 12% CAGR from 2022-2032
Global vaccine delivery devices market likely to be valued at over US$ 4 Bn by 2022-end

Key Market Segments Covered in Global Vaccine Delivery Market

By Product Type

Syringes-based Vaccine Delivery Devices
Jet Injectors-based Vaccine Delivery Devices Market
Other Vaccine Delivery Device Products

By Route of Administration

Subcutaneous Vaccine Delivery Devices
Intramuscular Vaccine Delivery Devices
Intradermal Vaccine Delivery Devices
Other Vaccine Delivery Devices

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Competitive Landscape

Key players of the global vaccine delivery devices adopt various strategies to acquire a forefront position in the market. Strategies such as; acquisitions, partnerships, and collaborations are some of the methods used to enhance their footprints in the global market. Some of the recent developments among the key players are:

In August 2021, the Vaccine developer Serum Institute of India acquired a 50% stake in pharma packaging company Schott Kaisha. Schott AG is a Germany-based player that manufactures vials, syringes, and cartridges.
In April 2020, Zealand Pharma acquired Valeritas Holdings, a U.S based key player, for a price of USD 23 Mn.
In November 2021, Gerresheimar announced a partnership with Midas Pharma for a new auto injector. The partnership boosts the development and marketing of new generation auto injector.

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After reading the Vaccine Delivery Devices Market report, readers can:

Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
Analyze key regions holding significant share of the total Vaccine Delivery Devices Market revenue.
Study the growth outlook of the global Vaccine Delivery Devices Market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use on the Vaccine Delivery Devices Market growth.
Investigate the recent R&D projects performed by each Vaccine Delivery Devices Market player.

The Vaccine Delivery Devices Market report answers important questions which include:

What does the status of the Vaccine Delivery Devices Market look?
Vaccine Delivery Devices Market look like after the forecast period?
Which region has the highest contribution to Vaccine Delivery Devices Market Devices why?
Which players remain at the top of the Vaccine Delivery Devices Market Outlook?
What opportunities are available for the Vaccine Delivery Devices Market players to expand their production footprint?
Which segment has the maximum impact on Vaccine Delivery Devices Market?

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