Needle-free Drug Delivery Technology Market Growth, Development Factors, Business Insights, Value Chain and Sales Channels Analysis 2027

Posted on Jul 22 2021 9:02 AM

"Global Needle-free Drug Delivery Technology Market Research Report presents qualitative and quantitative impact of various market factors and key opportunities in the market. It includes a thorough competitive scenario and portfolio of the key players"

Needle-free Drug Delivery Technology Market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players And Regional Forecast latest study published by Fortune Business Insights. The rising preference of patients not using a syringe is anticipated to help the Global “Needle-Free Drug Delivery Technology Market” in the forecast years. The above information was shared by Fortune Business Insights in a report, titled “Needle-free Drug Delivery Technology Market Size, Share and Global Trend By Product (Inhaler, Jet Injector, Novel Needles, Transdermal Patch), By Application (Vaccine Delivery, Pain Management, Insulin Delivery), By End Users (Hospitals & Clinics, Homecare Settings, Research Laboratories, Academics), and Geography Forecast till 2026.” The research report gives an entire study of the Needle-free Drug Delivery Technology Market leaders with key statistics like sales, revenue, price, product picture and specifications, contact information, cost, capacity, production and company profile.

One of the primary reasons for people not opting for syringes is the risk associated with their contamination. Needle-free drug delivery technology offers several advantages than conventional syringes. Some of the benefits include ensuring proper dosage, cost-effectiveness, faster administration, and less pain. Driven by these benefits, the demand for needle-free drug delivery technology is likely to increase over the projected horizon.

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Global Needle-free Drug Delivery Technology Market Highlights:

The Needle-free Drug Delivery Technology Market report offers an in-depth analysis of the Needle-free Drug Delivery Technology industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Needle-free Drug Delivery Technology market concentration, and maturity analysis is elaborated in this report.

Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.

The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Needle-free Drug Delivery Technology Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.

Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Needle-free Drug Delivery Technology market to figure out and study the market’s needs, market size, and competition.

Enormous Benefits Offered by Needle-free Drug Delivery Devices Drives the Market

Recent technological developments in the healthcare sector are likely to pave the way for the entry of new market players. These players are likely to adopt these devices in applications such as Ataxic Cerebral Palsy, AIDS, and cancer. Polycarbonate materials are used in needle-free drug injectors as these materials are tough, lightweight, and flexible. Considering this, QS Medical Technology Company manufactures a novel needle-free injection delivery device for insulin in September 2018. 

Faster administration of needle-free drug injector leads to less pain and improves the patient outcome. These factors are expected to play an instrumental role in propelling the growth of the market. Faster administration has a faster effect of drugs on the human body. This, coupled with the cost-effectiveness of these drugs, is expected to drive the market.   

Portal Instrument’s Needle-free Drug Delivery Injector Completes its Commercialization Deal 

Companies in the global needle-free drug delivery technology market are getting recognized as they are making several strategic decisions. For instance, PharmaJet received a recognition award for developing needle-free drug delivery technology. The company received the Global Technology Innovation Award in October 2018. A start-up called Portal Instruments collaborates with Japanese pharmaceutical key players in December 2017. This collaboration aims at developing and commercializing the device called PRIME. This needle-free injection device enabled with smart technology is smart helps to reduce the anxiety and pain associated with injections. The company further aims to improve patient adherence with the introduction of this device.

North America Leads as Companies Heavily Invest in R&D Activities

North and America and Europe are the two leading regions in the global needle-free drug delivery technology market. These two regions are expected to cover the majority of the share in the global market during the forecast period. Chronic and acute disorders are highly prevalent in these two regions, which is escalating demand for needle-free injection drug. This, in turn, is expected to expand the needle-free drug delivery technology share. Also, the needle-free drug delivery technology market size is likely to increase owing to the rising number of research and development (R&D) activities in these two regions. These R&D activities are conducted for treatment options of rare and chronic diseases.

Furthermore, these two regions are increasingly adopting technologically-advanced drug delivery systems. This will further provide enhanced treatment outcomes and will eventually, surge the needle-free drug delivery technology revenue.

Key Stakeholders:

  • Raw material suppliers
  • Distributors/traders/wholesalers/suppliers
  • Regulatory bodies, including government agencies and NGO
  • Commercial research and development (R&D) institutions
  • Importers and exporters
  • Government organizations, research organizations, and consulting firms
  • Trade associations and industry bodies
  • End-use industries

Leading Players operating in the Needle-free Drug Delivery Technology Market are:

  • Zogenix, Inc., 
  • Antares Pharma Inc
  • 3M
  • Injex Pharma AG
  • Endo Pharmaceuticals 
  • Bioject Medical Technologies, Inc.,
  •  

Experts around the world adopt this technology for patients suffering from diabetes and other chronic diseases such as West Nile Virus, AIDS, Malaria, and Hepatitis. There is a rising demand for needle-free drug delivery devices to avoid the risk of contamination. Consequently, needle-free drug delivery technology offers this solution and takes care of issues like these. 

Segmentation of the Global Needle-free Drug Delivery Technology Market

By Product

  • Inhaler
  • Jet Injector
  • Novel Needles
  • Transdermal Patch
  • Others

By Application

  • Vaccine Delivery
  • Pain Management
  • Insulin Delivery
  • Others

By End Users

  • Hospitals & Clinics
  • Homecare Settings
  • Research Laboratories
  • Academics
  • Others

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

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