Press release
Strong Growth Ahead: Vaccine Delivery Devices Market Size To Grow At Arecord 10.2% Cagr By 2029
Vaccine Delivery Devices
How Big Is the Vaccine Delivery Devices Market Size Expected to Be by 2034?
The vaccine delivery devices market has grown rapidly in recent years. It will grow from $6.39 billion in 2024 to $7.06 billion in 2025, reflecting a CAGR of 10.5%. This growth is attributed to large-scale vaccination campaigns, expanded immunization programs, adoption of disposable syringes, smallpox eradication efforts, and initiatives like the global vaccine alliance (GAVI).
The vaccine delivery devices market is expected to grow rapidly to $10.41 billion by 2029 at a CAGR of 10.2%. This growth is driven by the emphasis on immunization programs, expanded vaccine development pipelines, and the rising focus on preventive healthcare. Key trends include innovations in delivery devices, needle-free solutions, advancements in personalized medicine, and self-administered vaccines.
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What Are the Emerging Segments Within the Vaccine Delivery Devices Market?
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
Subsegments:
1) By Needle Free Injection Systems: Spring-Based Injectors, Gas-Driven Injectors, Hybrid Injectors
2) By Oral Delivery Systems: Oral Tablets And Capsules, Oral Sprays, Oral Solutions
3) By Nasal Delivery Systems: Nasal Sprays, Nasal Drops, Nasal Powder Systems
4) By Jet Injectors: Pneumatic Jet Injectors, Electromechanical Jet Injectors
5) By Microneedle Patches And Microinjectors: Dissolvable Microneedles, Solid Microneedles, Microinjector Devices
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What Long-Term Drivers Are Shaping Vaccine Delivery Devices Market Trends?
The rising prevalence of infectious diseases is expected to drive the growth of the vaccine delivery devices market. Infectious diseases, which are caused by bacteria, viruses, or other pathogens, are becoming more common due to factors like international travel and urbanization. Vaccine delivery devices play a vital role in controlling these diseases by ensuring efficient vaccine administration. The World Health Organization (WHO) reported that there were approximately 10.6 million cases of tuberculosis in 2022. This high prevalence of infectious diseases is stimulating the growth of the vaccine delivery devices market.
Who Are the Top Competitors in Key Vaccine Delivery Devices Market Segments?
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
What Trends Are Driving Growth in The Vaccine Delivery Devices Market?
Leading companies in the vaccine delivery devices market are creating innovative products like prefillable syringes to improve the efficiency and safety of vaccine delivery. Prefillable syringes are specifically designed to hold and administer a fixed dose of medication, typically for vaccines. For example, in September 2022, Becton, Dickinson, and Company (BD), a US-based medical tech firm, introduced the BD Effivax Glass Prefillable Syringe. This advanced vaccine delivery device is designed to meet the growing demands of vaccine production and aims to improve reliability and efficiency in vaccine administration with enhanced technology and tighter specifications.
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Which Regions Are Becoming Hubs for Vaccine Delivery Devices Market Innovation?
North America was the largest region in the vaccine delivery devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vaccine delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vaccine Delivery Devices Market?
2. What is the CAGR expected in the Vaccine Delivery Devices Market?
3. What Are the Key Innovations Transforming the Vaccine Delivery Devices Industry?
4. Which Region Is Leading the Vaccine Delivery Devices Market?
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