Press release
Vaccines Delivered by Microneedles to Reach $440 Million by the End of the Decade
(Amherst, NH) – The global market for microneedle-delivered prophylactic vaccines reached US $210 million in 2016 and is expected to increase 20 percent annually, exceeding $440 million in 2020. Growth over the period will be focused in North America and Europe and will be driven primarily by syringe-mounted single microneedle combination products.Although impressive, this market has yet to attain breakout status. In spite of the recognized advantages of microneedles for vaccine delivery, wide adoption remains elusive. The long term prospects for microneedle devices in the vaccine segment will be determined by the ability of market participants to negotiate a number of market challenges.
Vaccines are recognized as one of the most significant healthcare developments in the last one hundred years. In spite of their role in improving quality-of-life and drastically reducing the level of morbidity and mortality from infectious diseases, the ability of healthcare and state institutions to maximize access to many millions of underserved people has still not been realized. This is a complex picture that is characterized by significant regional and socioeconomic factors. One major obstacle is cost, particularly for many underdeveloped countries.
Microneedle technology, which has been successfully used to delivery therapeutic drugs, continues to be investigated as a vaccine delivery method. The relative simplicity and safety of microneedles makes them well-suited for use in mass immunization as well as for single patients. Numerous companies are currently involved in clinical development to identify the true potential of this technology.
Of the handful of prophylactic vaccines that have received regulatory approval for administration via microneedle delivery devices, the leading technology to date is syringe-mounted microneedles, featuring either a single microneedle or a small array of several microneedles. These devices can be considered the first generation of microneedle devices for vaccine administration. Patch and stamp type devices featuring larger arrays are also being investigated, and will likely eventually play a role in niche markets.
The evolving vaccine delivery market and the microneedle devices that are being designed and developed to deliver them are detailed in a new and comprehensive report researched and written by Greystone Research Associates. Vaccine Delivery Markets for Microneedle Devices analyzes the global market for vaccines targeting important infectious diseases in key geographic markets and examines delivery devices that can address a significant unmet need. The report also analyzes demand drivers, development factors, market considerations, and strategic and economic factors, and provides profiles of market sector participants.
More information is available at http://www.greystoneassociates.org
Source: Greystone Research Associates
About Greystone
Greystone Research Associates is a medical technology consulting firm focused on the areas of medical market strategy, product commercialization, venture development, and market research. We assist medical and healthcare market participants in achieving their business objectives through the creation of detailed development strategies, product commercialization programs, and comprehensive market and technology research and analysis. Our market research publications are designed, researched and written to provide timely and insightful information and data on focused market segments, with the aim of providing market participants with the essential knowledge to refine and execute their marketing plans and financial targets.
Contact:
Mark Smith
Greystone Research Associates
98 Route 101A
Amherst, NH 03031 USA
Voice: 603-595-4340
Fax: 603-218-7020
www.greystoneassociates.org
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