Brand Story
03 Oct 2022, 23:15 GMT+10
The global needle-free injectors market is likely to accumulate value of US$ 13.78 Billion in 2022, and is expected to reach US$ 13.78 Billion by registering a CAGR of 12% in the forecast period 2022-2032.
Needle-free injection is an innovative drug delivery technology that drives drugs to the skin using force which virtually nullifies the use of hypodermic needle. With growing preference for non-invasive drug delivery system and vaccines, adoption of needle-free injectors is expected to improve over the coming years
Application of needle-free injectors is increasing with rising incidence of diabetes and other chronic diseases across the globe. With increasing number of surgeries, demand for minimally invasive procedures is accelerating the sales of needle-free injectors.
According to Centers for Disease Control and Prevention (CDC), more than 51% of adults in U.S. had at least 1 chronic condition, and 27.2% had multiple chronic conditions in 2018.
Other factors driving the global demand are cost-effectiveness and safety related to needle-free injectors.
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Key Takeaways from Needle-free Injectors Market study
"Growing prevalence of chronic diseases coupled with rising preference of non-invasive drug delivery system will improve the adoption of needle-free injectors. With rising demand for needle-free injectors, key players are introducing new product launches and are aiming for fast track approvals to capitalize on existing opportunities and sustain their position in the industry "says the FMI Analyst.
Who is Winning?
New product launches and approvals, agreements, and collaborations are some of the key growth strategy adopted by the key players. By focusing on these strategies, key players intend to expand their global presence and strengthen their existing product portfolio.
For instance,
The key market players covered by FMI include Pfizer, Inc., Gerresheimer AG, Ferring Pharmaceuticals, CSL Limited (Seqirus UK Limited) and others.
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Key Segments Profiled In The Needle-Free Injectors Market Industry Survey
Needle-Free Injectors Market by Load:
Needle-Free Injectors Market by Technology:
Needle-Free Injectors Market by Delivery Site:
Needle-Free Injectors Market by Application:
Needle-Free Injectors Market by End User:
Needle-Free Injectors Market by Region:
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Explore wide-ranging Coverage of FMI's Healthcare Market Insights Landscape:
Contrast Media Injectors Market Size was valued at US$ 1.4 Bn in 2021 and is expected to reach US$ 2.4 Bn by 2030
Needle-Free Vaccine Injectors Market Share is attributed due to the increase in prevalence of various number of chronic diseases, rising chances of communicable disease due to needle stick injuries, growing demand for vaccination and biosimilars and furthermore
Wearable Injectors Market Demand is expected to dominate the market due to early availability of advanced technologies and higher penetration of health care services
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The post Needle-free Injectors Market Worth USD 13.78 Billion by 2032 | Future Market Insights appeared first on Future Market Insights.
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