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Leading Growth Driver in the Microneedle Drug Delivery Systems Market in 2025: Growing Demand For Microneedle Drug Delivery Systems Driven By Vaccine Research Driver's Influence
Microneedle Drug Delivery Systems Market Growth
The growth of the microneedle drug delivery systems market is anticipated due to the rise in research and the growing demand for the vaccination process. Microneedles are seen by researchers as an alternative method of vaccine administration, where the patient is not expected to experience any discomfort. While microneedle patch vaccines were originally created for flu and measles, they are now increasingly used for the delivery of the COVID-19 vaccine. For example, the Office for National Statistics, a UK government agency, reported in April 2024 that the UK government's research and development (R&D) net expenses, excluding EU R&D budget contributions, reached $17.01 billion (£15.5 billion) in 2022, a 10.5% increase from $15.37 billion (£14.0 billion) in 2021. If you factor in contributions to the EU R&D budget and knowledge transfer activities, the total net expenditure on R&D in 2022 was $18.006 billion (£16.4 billion), showing an 8.9% rise from $16.46 billion (£15.0 billion) in 2021. Therefore, the expansion in research and the demand for the vaccination process are propelling the microneedle drug delivery systems market forward.
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What is the projected compound annual growth rate (CAGR) of the microneedle drug delivery systems market from 2025 to 2034, and what factors influence it?
There has been a swift expansion in the market size of microneedle drug delivery systems in the last few years. The value of the market is projected to rise from $5.01 billion in 2024 to $5.9 billion in 2025, at a compound annual growth rate (CAGR) of 17.9%. Factors driving growth within this historic period include the benefits of painless medication administration, improved patient adherence, management of chronic diseases, as well as application in the cosmetic, aesthetic and vaccine administration sectors.
In the forthcoming years, the market of microneedle drug delivery systems is predicted to experience a rapid expansion. The market is set to reach $11.44 billion by 2029, with a compound annual growth rate (CAGR) of 18.0%. Contributing factors to this growth during the forecast period include applications within cosmetics and aesthetics, emerging therapies, use in pediatrics and geriatric care, initiatives for global health, and point-of-care testing. The forecast period will witness major trends such as smart microneedles, progress in material science, wearable technology advancements, biodegradable materials, and continuous glucose monitoring.
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How are the latest trends influencing the growth of the microneedle drug delivery systems market?
Key players within the microneedle drug delivery market are prioritizing the development of innovative products like the radiofrequency microneedle systems to better meet customer demands. This type of product is a minimally intrusive solution that marries microneedles and radiofrequency energy, optimising drug delivery and stimulating collagen growth within the skin for both therapeutic and aesthetic purposes. Notably, in February 2023, American medical aesthetic device firm Candela unveiled the Profound Matrix system. This versatile system combines the Sublime, Sublative RF, and the groundbreaking Matrix Pro applicators. The Sublime and Sublative RF both use bipolar radiofrequency (RF) technology to improve the look of fine lines and wrinkles, while the Matrix Pro applicator centres on collagen production stimulation and regeneration. The applicator uses a range of fine microneedles to deliver short-pulse RF energy to the skin, boosting patient comfort, minimizing downtime, and amplifying the overall outcome.
What are the major segments of the microneedle drug delivery systems market and their role in driving growth?
The microneedle drug delivery systems market covered in this report is segmented -
1) By Technology: Hollow, Porous, Solid, Other Technologies
2) By Application: Drug Delivery, Vaccine Delivery, Other Applications
3) By End-User: Diagnostics Laboratories, Life Sciences, Research Laboratories, Hospitals, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Hollow: Solid Hollow Microneedles, Coated Hollow Microneedles
2) By Porous: Porous Silicon Microneedles, Hydrogel-Based Porous Microneedles
3) By Solid: Solid Microneedles For Vaccination, Solid Microneedles For Drug Delivery
4) By Other Technologies: Dissolving Microneedles, Biodegradable Microneedles, Micro-Infusion Systems
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Which regions are key players in the growth of the microneedle drug delivery systems market?
North America was the largest region in the microneedle drug delivery systems market in 2024. Europe was the second-largest region in the microneedle drug delivery systems market analysis. The regions covered in the microneedle drug delivery systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the microneedle drug delivery systems market?
Major companies operating in the microneedle drug delivery systems market include 3M Company, Zosano Pharma Corporation, Becton-Dickinson Technologies, Nanopass Technologies, Corium Inc., Valeritas Inc., Microdermics, TheraJect Inc., LTS Lohmann Therapie-Systeme AG, BioSerenTach (BT), Sorrento Therapeutics, Debiotech, Raphas Co. Ltd., QuadMedicine, Snvia Co. Ltd., NanoBiosciences LLC, AdminMed nanoBioSciences LLC, Nitto Denko Corporation, MyLife Technologies, Innoture Medical Technology Limited, Phillips-Medisize Corporation, Stemedica Cell Technologies Inc., Candela Corporation, Dermaroller GmbH, Micropoint Technologies, Vaxess Technologies, Micron Biomedical Inc., Kindeva Drug Delivery, Gurnet Point Capital, Moonlight Therapeutics Inc., Cutanos, Kimberly-Clark Corp., Clearside BioMedical Inc.
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What Is Covered In The Microneedle Drug Delivery Systems Global Market Report?
•Market Size Forecast: Examine the microneedle drug delivery systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the microneedle drug delivery systems market for a structured understanding.
•Key Players Overview: Analyze major players in the microneedle drug delivery systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the microneedle drug delivery systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the microneedle drug delivery systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the microneedle drug delivery systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the microneedle drug delivery systems market.
•Competitive Landscape: Review strategic developments in the microneedle drug delivery systems market, including expansions, agreements, and new product launches.
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