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Global “Needle-free Drug Delivery Devices Market” Report 2019 – CAGR Status, Market Growth, Trends, Analysis and Forecasts 2024 – 360 Market Updates

Needle-free Drug Delivery Devices

Needle-free Drug Delivery Devices Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Needle-free Drug Delivery Devices market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Needle-free Drug Delivery Devices Market report is anticipated to register a CAGR of 9.7% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Needle-free Drug Delivery Devices Market are –

  • 3M
  • Akra Dermojet
  • Antares Pharma
  • DAntonio Consultants International Inc.
  • Endo Pharmaceuticals Inc.
  • Penjet Corporation
  • PharmaJet
  • Valeritas Inc.
  • and Zogenix Inc.

The global needle-free drug delivery devices market is expected to register a CAGR of approximately 9.7% over the forecast period of 2018-2023. Needle-free drug delivery injects the biologics without pain, anxiety, and need for handling the needles, and the market studied is primarily driven by the prevalence of chronic diseases and technological advancements in the field. By region, owing to the presence of a large target population suffering from chronic diseases, improving healthcare infrastructure in several countries, and prospering economies attracting multinational biopharmaceutical companies to invest in India, China, and other South Asian countries, it is estimated that Asia-Pacific has a high-growth potential during the forecast period.

Inclination toward Self-administration of Drugs
As modern lifestyle encourages independence, the way people use medications also gets affected. Self-administration of insulin is the state-of-the-art technology in diabetes care. Although with through technological development, the process is also advancing toward other medical areas, such as oncology and hormone therapy. The recent years have witnessed a high demand for pens and auto-injectors. There are several universities, hospitals, and research centers, which are collaborating and sponsoring the trials for needle-free jet injection across the globe, mainly in the United States, United Kingdom, and China. In the later half of 2017, a spin-out, Portal Instruments of Massachusetts Institute of Technology, collaborated with Takeda Pharmaceuticals, for the development and commercialization of PRIME, for testing antibodies in patients with ulcerative colitis or Crohn’s disease. Therefore, with partnerships and technological advancements, the inclination toward self-administration of drugs is expected to boost the growth of the market studied, over the forecast period.
The other vitals factors driving the market studied are – rising prevalence of chronic diseases and lifestyle disorders and technological advancements in the minimally invasive devices market.

Limitations Associated with Micro-needle Patches
There are considerable limitations associated with micro-needle patches, in practical and economic terms. The micro-needle arrays have a restricted amount of drug that can be coated over a finite surface area of the micro-needle structures, thereby creating issues of adequate physio-chemical properties. In addition, the deposition of polymer in skin due to micro-needle, potential clogging of the needle openings with tissue during skin insertion, and flow resistance due to dense dermal tissue make them undesirable for use. Moreover, the silicon used is expensive and have elaborated fabrication, long fabrication times, and complex multi-step processing. There are several other associated restrictions, creating significant variation in results, based on analysis of the micro-needle penetration. Thus, the barriers associated with the micro-needle patches limit the growth of the needle-free drug delivery devices market, over the forecast period.

Asia-Pacific Offers Significant Opportunities
Asia-Pacific is expected to promise considerable growth opportunities over the forecast period, in the market studied. Large patient pools of chronic diseases, particularly diabetes, cardiovascular diseases, and cancer, are major drivers in the emerging markets. Several universities and research centers across China, Thailand, Vietnam, and South Korea have collaborated with companies or hospitals, to conduct the trials registered in clinicaltrial.gov. These are funded by the governments and companies from the developed markets. Thus, over the forecast period, the region is expected to witness the highest growth rate.

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Scope of the Report:

The report analyses Needle-free Drug Delivery Devices market, which includes –

  • Analysis of the growth of Needle-free Drug Delivery Devices market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Needle-free Drug Delivery Devices market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Needle-free Drug Delivery Devices market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Needle-free Drug Delivery Devices market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Needle-free Drug Delivery Devices Market Report:

  • Varying dynamics of the Needle-free Drug Delivery Devices industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Needle-free Drug Delivery Devices market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Needle-free Drug Delivery Devices market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Needle-free Drug Delivery Devices Market Report:

  • The report analyses how stringent emission control norms will drive the global Needle-free Drug Delivery Devices market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Needle-free Drug Delivery Devices market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Needle-free Drug Delivery Devices:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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Mr. Ajay More

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