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Needle-Free Injector Market to Witness Major Growth Driven by Growing Demand for Pain-Free Drug Delivery

07-21-2023 08:54 AM CET | Health & Medicine

Press release from: SNS Insider

Needle-Free Injector Market to Witness Major Growth Driven

According to a report by SNS Insider, the needle-free injector market reached a valuation of USD 1.5 billion in 2022 and is projected to reach USD 2.67 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2023 to 2030.

A needle-free injector, also known as a needle-free syringe or needleless injector, is a medical device used to administer medications or vaccines without the use of traditional hypodermic needles. It offers a convenient and painless alternative to injections that require needles.

Key Players Covered in Needle-Free Injector market report are: PharmaJet, Crossject, Portal Instruments, NuGen Medical devices, Inovio Pharmaceuticals, Antares Pharma, Inc, Aijex Pharma International Inc, Ferring BV, Penjet Corporation, Medical International Technology Inc, and others.

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Market Analysis
Needle phobia, the fear of needles, is a common issue among patients of all ages. Needle-free injectors provide a solution to this problem by eliminating the use of needles, making drug delivery a painless and less intimidating experience. As awareness about needle-free injectors' increases, more patients and healthcare providers are likely to opt for this technology, thereby driving needle-free injector market growth.

Impact of Recession
The impact of a recession on the needle-free injector market is a mixed bag. On one hand, decreased healthcare expenditure, delayed product adoption, reduced R&D investment, and increased price sensitivity can pose challenges to market growth. On the other hand, the unique advantages of needle-free injectors can provide opportunities for the market, as healthcare providers and patients increasingly value cost-effective and safe healthcare solutions. While the market may face short-term setbacks during a recession, the long-term prospects for needle-free injectors remain promising, driven by the ongoing need for medical innovation and improved patient experiences.

Segmentation Analysis
Fillable and disposable needle-free injectors are poised to dominate the needle-free injector market due to their distinct advantages and increasing adoption. The ability to customize dosages and accommodate a wide range of medications makes fillable injectors highly versatile for diverse medical conditions. On the other hand, disposable injectors offer improved safety measures, convenience, and patient autonomy, particularly in home healthcare settings. As the healthcare industry continues to prioritize patient-centric care and technological advancements, the market is expected to experience sustained growth, driven by the remarkable progress in the fillable and disposable segments.

Needle-Free Injector Market Segmentation as Follows:

By Product:
• Fillable Needle-free injectors
• Prefilled needle-free injectors

By Technology:
• Jet-Based needle-free injectors
• Spring-based needle free injectors
• Micro array patch injectors
• Other technologies

By type:
• Liquid based needle free injectors
• Projectile/depot based need le free injectors
• Powder based needle free injectors

By usability:
• Disposable needle free injectors
• Reusable needle free injectors

By site of delivery:
• Subcutaneous injectors
• Intramuscular injectors
• Intradermal injectors

By application:
• Vaccine Delivery
• Insulin Delivery
• Oncology
• Pain Management
• Dermatology
• Other Applications

By End User:
• Hospitals
• Home Care settings
• Research laboratories
• Pharmaceutical and biotechnological companies
• Other End users

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Regional Status & Analysis
As the needle-free injector market continues to grow, North America has emerged as a dominant force, owing to its technological prowess, well-established healthcare infrastructure, growing demand for pain-free drug delivery, favorable regulatory environment, and collaborative business ecosystem. With its unique strengths and constant focus on innovation, North America is poised to maintain its leadership position and drive the evolution of needle-free injector technologies, ultimately benefiting healthcare professionals and patients worldwide.

Conclusion
The market holds promising future prospects, driven by the growing preference for painless drug delivery, technological advancements, expanding applications, increasing chronic diseases, favorable regulations, and rising investments and collaborations. As healthcare providers and patients recognize the benefits of needle-free injectors, the market is expected to witness substantial growth in the coming years.

Frequently Asked Questions/ Key Reasons to Purchase this Report

What is the projected outlook for needle-free injector market growth?
- The market is projected to surpass a value of USD 2.67 billion by the year 2030.

What are the major factors influencing the needle-free injector market?
- Industry players should focus on continuous innovation, product development, and strategic partnerships to capitalize on the opportunities presented by this evolving market.

Who are the leading players in the needle-free injector market?
- PharmaJet, Inovio Pharmaceuticals, Antares Pharma, Inc, Crossject, Portal Instruments, NuGen Medical devices, Aijex Pharma International Inc, Medical International Technology Inc.

Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Market Dynamics
Chapter 4. Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter's 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Needle-Free Injector Market Segmentation, By Product
Chapter 9 Needle-Free Injector Market Segmentation, By Technology
Chapter 10 Needle-Free Injector Market Segmentation, By type
Chapter 11 Needle-Free Injector Market Segmentation, By usability
Chapter 12 Needle-Free Injector Market Segmentation, By site of delivery
Chapter 13 Needle-Free Injector Market Segmentation, By application
Chapter 14 Needle-Free Injector Market Segmentation, By End User
Chapter 15 Regional Analysis
Chapter 16 Company profile
Chapter 17 Competitive Landscape
Chapter 18 Use Case and Best Practices
Chapter 19 Conclusion

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Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com/

About US:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.
We assist our clients to anticipate industrial, economic, and consumer trends to drive disruptive change by fusing global experience with local information from experts throughout the world. We bring context to strategic and tactical data by bridging approaches based on data science and field research, assisting you in addressing your most pressing problems and spotting possibilities.

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