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Needle-Free Injectors Market Current Scenario with Future Aspect Analysis
According to the latest research by Insightace Analytics, the global Needle-Free Injectors Market Size is valued at 140.4 Million in 2022 and is predicted to reach 614.8 Million by the year 2031 at a 17.90 % CAGR during the forecast period for 2023-2031.
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Needle-free injectors represent a novel method for administering medications without penetrating the skin using traditional needles. These devices offer a safer and more efficient alternative by reducing the risk of accidental needlestick injuries, which commonly occur with hypodermic syringes during use or disposal. Available in various formats-including skin patches, inhalers, edible forms, and power sprays-needle-free injection systems not only enhance patient safety but also provide a more comfortable experience for both patients and healthcare professionals.
The market for needle-free injectors is primarily driven by several factors: the increasing demand for self-injection devices, the expansion of sophisticated medical infrastructure, and a growing geriatric population. Rising healthcare costs, the increasing prevalence of chronic and infectious diseases, and the limitations associated with the reuse of conventional needles further fuel this demand. In response, pharmaceutical companies are investing in the development of advanced, secure, and painless injection systems. This trend is bolstered by a surge in parenteral medication approvals and a significant reduction in needlestick injuries. Moreover, needle-free injectors deliver medications more rapidly, which enhances bioavailability compared to traditional invasive methods. The growing necessity for needle-free insulin delivery, driven by the global rise in diabetes, is also expanding market opportunities. As manufacturers promote these devices, new prospects are emerging, even extending into the cosmetics sector.
North America is anticipated to majorly contribute to the needle-free injectors market over the forecast years. The increased prevalence of chronic diseases, including diabetes, cancer, and others, is the main factor driving the market growth. Needle-free injectors have grown as non-invasive and minimally invasive diagnostic treatment has become more popular, particularly among home care patients. Demand for needle-free injectors will increase as diabetes prevalence rises, especially among the elderly. In addition, the Asia Pacific needle-free injectors market is expected to grow significantly during the forecast period. The market is expanding primarily due to the increased incidence of chronic diseases like diabetes, cancer, and others. This region's market is expanding primarily due to technical developments in the healthcare and cosmetic industries and the nation's growing demand for cosmetic operations.
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Major market players operating in the needle-free injectors market include
Pfizer (US), Antares Pharma, Inc. (US), Injex UK (UK), Gaungzhou Medsinglong Medical Equipment Company Ltd. (China), Zogenix (US), D'Antonio Consultants International, Inc. (US), AcuShot Needle Free (Canada), InsuJet (The Netherlands), QS Medical Technology Co., Ltd (China), MIKA MEDICAL CO. (South Korea), and Others.
Recent collaborations and agreements in the market:
• In June 2020, the biotech company Vitaeris Inc. was acquired by CSL Limited. CSL Limited finished the securing to carry out the plan of attending to the patient's unmet needs.
• In November 2019, Antares Pharma and Idorsia collaborated to create a sophisticated self-directed medication gadget.
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Market Segments
Global Needle-Free Injectors Market, by Application, 2023-2031 (Value US$ Mn)
• Drug Delivery
• Vaccines
• cosmetics
• Other Applications
Global Needle-Free Injectors Market, by Load, 2023-2031 (Value US$ Mn)
• Liquid Injections
• Powder Injections
• Projectile Injections
Global Needle-Free Injectors Market, by Technology, 2023-2031 (Value US$ Mn)
• Spring-loaded jet injector
• Battery-powered jet injector
• Gas-powered jet injector
Global Needle-Free Injectors Market, by End-Users, 2023-2031 (Value US$ Mn)
• Hospitals
• Veterinary Hospitals
• Specialty Clinics
• Home Care Settings
• Other End-Users
Global Needle-Free Injectors Market, by Delivery Site, 2023-2031 (Value US$ Mn)
• Intra dermal injectors
• Intramuscular injectors
• Subcutaneous injectors
Global Needle-Free Injectors Market, by Usage, 2023-2031 (Value US$ Mn)
• Reusable Needle Free Injectors
• Disposable Needle Free Injectors
Global Needle-Free Injectors Market, by Region, 2023-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Needle-Free Injectors Market, by Country, 2023-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Needle-Free Injectors Market, by Country, 2023-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Needle-Free Injectors Market, by Country, 2023-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Needle-Free Injectors Market, by Country, 2023-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Needle-Free Injectors Market, by Country, 2023-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.
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