Global Vaccine Delivery Devices Market Outlook & Deep Study of Top Consumers, Players and Strategies Review 2017 to 2022

Growing prevalence of medical diseases and infections is projected to rev up demand for vaccine devices in the healthcare sector. Manufacturers are increasingly witnessing demand for vaccine delivery devices due to increase in number of diabetic patients globally. Fact.MR has recently compiled a report, which reveals that the vaccine delivery devices market globally is projected to reflect an impressive CAGR over the forecast period, 2017 – 2022.

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The report offers an overview of the global vaccine delivery devices market. This comprises an introduction to the market, along with a standard definition of the product – vaccine delivery devices. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

Considerable Demand among Diabetic Patients
As diabetes type 1 and 2 have been increasingly prevalent among the geriatric population, vaccine delivery devices has been witnessing an upsurge in demand in the healthcare industry. Healthcare professionals recommend patients who have brittle diabetes to inject certain doses of insulin such as Novorapid and Lantus regularly. Such factors have fuelled demand for vaccine delivery devices among the healthcare manufacturers.

Manufacturers are integrating developing technologies available in the market in order to offer vaccine delivery devices that are comparatively less painful. A recent news update reveals that a new device has been developed ‘Microneedle Patches’, which is a needle-free injector and can inject a vaccine doze in a fraction of second. Bound to such factors, the global vaccine delivery devices market is expected witness a boost in growth during the predicted period.

Intramuscular Vaccine to Register Significant Growth
Syringes is expected to witness the highest revenue growth in the global vaccine delivery devices market. This segment is expected to represent a value of over US$ 900 Mn in the global market by the end of 2017. North America is expected to remain the largest market for vaccine delivery devices globally. Jet devices is expected to witness the second highest revenue growth in 2017. Throughout 2022, syringes is expected to register the highest CAGR growth as compared to other products in the global market, followed by jet devices.

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Intramuscular vaccine route of administration is expected to register the highest CAGR growth in the global vaccine delivery devices market, followed by subcutaneous route of administration. The intramuscular vaccine route of administration is expected to witness the highest revenue growth in the global market. This segment is expected to represent a value of over US$ 1,000 Mn by the end of 2022. Subcutaneous route of administration is expected to represent the second highest revenue growth in the global vaccine delivery devices market during the predicted period.

Competition Tracking
Key market players operating in the global vaccine delivery devices market include Becton Dickinson & Company, PharmaJet, Inc, Valeritas Holdings, Inc, Vaxxas Pty. Ltd, Gerresheimer AG, Schott AG, Antares Pharma, Inc, and 3M Company.

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This release was published on openPR.