A recent research report published by Transparency Market Research projects the global needle-free drug delivery devices market to expand at a CAGR of 14.6% during the period between 2013 and 2019. The report, titled “Needle-Free Drug Delivery Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” estimates the global needle-free drug delivery devices market to be worth US$10.9 bn by 2019. The overall market stood at a valuation of US$4.2 bn in 2012.
Browse the full Needle-Free Drug Delivery Devices Market (Jet Injectors, Inhalers, Transdermal Patch and Novel Needle Technology) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/needle-free-delivery-devices-market.html
The report points out that improving patient compliance and acceptability of novel technologies have propelled the growth of the global needle-free drug delivery devices market. Rapidly increasing pediatric and geriatric populations, along with rising awareness about the risks regarding needle-sticks, has further boosted the demand for needle-free drug delivery devices. However, technical barriers are expected to restrict the growth of the market during the forecast period. The market has a huge opportunity to grow with the introduction of self-administering and home healthcare needle-free drug delivery devices. Expanding therapeutic applications of needle-free drug delivery devices will also augment the growth of the market.
In terms of applications, the report classifies the global needle-free drug delivery devices market into insulin delivery for diabetes, vaccine delivery, pain management, pediatric injections, and others. Insulin delivery and pain management accounted for the largest share in the market in 2012. The growing demand for needle-free drug delivery devices for insulin delivery and pain management can be attributed to the risks associated with needle-sticks.
On the basis of technology, the global needle-free drug delivery devices market has been segmented into competing needle-free technologies and jet injectors technology. Competing needle-free technologies have been further segmented into transdermal patch technology, inhaler technology, and novel needle-free technology. During the forecast horizon, the jet injectors segment is expected to witness the fastest growth. The competing needle-free technology led the overall market in 2012.
The report studies the global needle-free drug delivery devices market across four key regions: Europe, North America, Asia Pacific, and Rest of the World. North America dominated the overall market in 2012. However, during the forecast horizon, the demand for needle-free drug delivery devices is expected to rapidly increase across Asia Pacific. The rapid growth of the Asia Pacific market can be attributed to the governments in the emerging countries in the region taking efforts to develop the healthcare infrastructure and launch several vaccination programs. In Rest of the World, countries such as Brazil and Mexico are expected to drive the market owing to rising awareness about needle-free drug delivery devices.
Describing the competitive landscape, the report profiles some of the key players in the global needle-free drug delivery devices market such as Glide Pharmaceutical Technologies Ltd., Antares Pharma Inc., 3M, Injex Pharma AG, Pharmajet Inc., and Zogenix Inc. The report provides insightful information about the key players including their product portfolio, financial overview, business strategies, and recent developments.
The global needle-free drug delivery devices market is segmented as follows:
Needle-Free Drug Delivery Devices Market, by Technology
- Jet Injectors
- Competing Needle-free Technologies
- Novel needle-free technology
- Inhaler technology
- Transdermal patch technology
Needle-Free Drug Delivery Devices Market, by Applications
- Vaccine Delivery: Developing Immune Response
- Pain Management
- Insulin Delivery for Diabetes
- Paediatric Injections
Needle-Free Drug Delivery Devices Market, by Geography
- North America
- Rest of the World
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