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Vaccine Delivery Devices Market Key Drivers, Overview 2024-2033: Strategic Examination
Vaccine Delivery Devices Market Size
As per the report, the vaccine delivery devices market size has grown rapidly in recent years. It will grow from $5.81 billion in 2023 to $6.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The vaccine delivery devices market size is expected to see rapid growth in the next few years. It will grow to $9.45 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
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Prevalence Of Infectious Diseases To Drive The Growth Of The Vaccine Delivery Devices
The prevalence of infectious diseases is expected to propel the growth of the vaccine delivery devices market going forward. Infectious diseases are illnesses caused by pathogenic microorganisms such as bacteria, viruses, fungi, or parasites that can spread from person to person or through animals, vectors, or contaminated substances. The prevalence of infectious diseases is due to increased international travel, rapid urbanization, changes in climate patterns, and population growth. Vaccine delivery devices play a crucial role in preventing infectious diseases by efficiently administering vaccines to populations, enhancing immunity, and reducing transmission. For instance, in November 2023, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, around 10.6 million cases of tuberculosis (TB) occurred globally in 2022, affecting 5.8 million men, 3.5 million women, and 1.3 million children. Therefore, the high prevalence of infectious diseases drives the growth of the vaccine delivery devices market.
Next-Generation Syringes Revolutionizing Vaccine Delivery Devices Market
Major companies operating in the vaccine delivery devices market are developing innovative products, such as prefillable syringes, to enhance the efficiency and safety of vaccine administration. Prefillable syringes are drug delivery devices specifically designed to contain and administer a predetermined dose of medication, typically in liquid form for vaccines. For instance, in September 2022, Becton, Dickinson, and Company (BD), a US-based medical technology company, launched the BD Effivax Glass Prefillable Syringe, a next-generation vaccine delivery device designed to meet the evolving needs of vaccine manufacturing. The syringe aims to improve reliability and efficiency in vaccine administration with enhanced technology and tightened specifications. It offers increased fill or finish and container reliability to help reduce the risk of line stoppage and enhance manufacturing capacity.
The vaccine delivery devices market covered in this report is segmented -
1) By Type Of Device: Needle Free Injection Systems, Oral Delivery Systems, Nasal Delivery Systems, Jet Injectors, Microneedle Patches And Microinjectors
2) By Route Of Administration: Intradermal Vaccination, Intramuscular Vaccination, Subcutaneous Vaccination, Other Vaccinations
3) By End Users: Hospitals, Clinics, Other End Users
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Major companies operating in the vaccine delivery devices market are Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., Sanofi S.A., Novartis International AG, AstraZeneca PLC, 3M Company, GlaxoSmithKline plc, Moderna Inc., Becton Dickinson and Company (BD), Sinovac Biotech Co. Ltd., CSL Limited, INOVIO Pharmaceuticals Inc., Terumo Corporation, SCHOTT AG, Serum Institute of India Pvt. Ltd., Bavarian Nordic A/S, Dynavax Technologies Corporation, CanSino Biologics Inc., Vaxxas Inc., PharmaJet Inc., Enesi Pharma Limited, NanoPass Technologies Ltd., Gerresheimer AG, Panacea Biotec Limited
Contents of the report:
1. Executive Summary
2. Vaccine Delivery Devices Market Report Structure
3. Vaccine Delivery Devices Market Trends And Strategies
4. Vaccine Delivery Devices Market - Macro Economic Scenario
5. Vaccine Delivery Devices Market Size And Growth
…..
27. Vaccine Delivery Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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