The Needle-Free Injection Market size was valued at US$ 130 million in 2021, and expected to increase to US$ 290 billion by 2027, at a CAGR of 17.5% from 2022 to 2027.
Growth in this market is primarily driven by technical developments, rising demand for self-injection devices, and the rising prevalence of chronic conditions. Globally, the number of patients has greatly increased due to the growing geriatric population and the rising frequency of chronic diseases. As a result, there is an increased need for cutting-edge and efficient treatment methods, such as the usage of needle-free injection techniques. Furthermore, this industry is expanding due to the widespread use of improved drug delivery methods. On the other hand, intravenous administration systems and huge volume restrictions are the main obstacles impeding the market's expansion. The frequency of infectious diseases worldwide is remains high, despite great advancements in sanitation and medicine. Infectious diseases continue to be a major public health problem worldwide, despite the fact that non-communicable diseases are the principal causes of morbidity and mortality. Over 15 million people die each year from infectious diseases worldwide, according to the National Institute of Allergy and Infectious Diseases (NIAID). In 2019, there were 229 million cases of malaria worldwide, according to the World Malaria Report of the World Health Organization (WHO).
The majority of healthcare professionals are extremely concerned about needlestick wounds caused by infected needles. One of the most serious risks to health and safety is injury from needles. Medical professionals are at a high risk of exposure to blood-borne pathogens due to accidental needlestick injuries because injections are one of the most widely utilized methods for drug administration. Approximately 385,000 healthcare professionals stab themselves unintentionally each year, according to the CDC. Healthcare workers who sustain injuries from needlesticks run the risk of contracting infectious diseases like hepatitis B, hepatitis C, and AIDS.
December 14, 2021: PharmaJet partner, Nykode Therapeutics announces phase 1/2 clinical trial with next generation DNA-based COVID-19 vaccine candidates --
PharmaJet®, the maker of innovative, needle-free injection technology, today announced that one of its pharmaceutical partners, Nykode Therapeutics (formerly Vaccibody) has begun a phase 1/2 clinical trial to specifically address emerging SARS-CoV-2 variants. The DNA-based vaccines will be delivered intramuscularly in the clinical trial exclusively using the PharmaJet Stratis® Needle-free Injection System. Nykode Therapeutics is a clinical-stage biopharmaceutical company dedicated to the discovery and development of DNA-based vaccines and novel immunotherapies for the treatment of cancer and infectious diseases.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
North America accounted for 58% of the needle-free injection market in 2020, followed by Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa. However, throughout the projected period, the APAC region is anticipated to develop at the highest CAGR of 18.7%. Growing investments by major market players in the region, an ageing population, rising life expectancy, rising per capita income, the expansion of private hospitals & clinics to rural areas, the availability of low-cost labour for manufacturing, the presence of a favourable regulatory environment, and rising demand for self-injectable devices testing are all factors that are assisting market growth in the APAC region. The needle-free injection systems market in APAC is anticipated to grow most quickly during the next ten years. This may be a result of rising income levels and rising healthcare costs in emerging economies. Additionally, there is a significant unmet need for high-quality healthcare in emerging nations, which presents several potential for companies.
The Needle-Free Injection Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Needle-Free Injection Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 17.5% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Zogenix, Inovio, Glide Pharma, Akra Dermojet, Crossject Medical Technology, Injex Pharma, Eternity Healthcare, Antares Pharma, Valeritas, Medical International Technologies, PharmaJet, National Medical Products, Activa Brand Products, Endo International, Bioject Medical Technologies, Injex Pharma, National Medical Products, European Pharma Group, Penject Corporation |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 159 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Needle-Free Injection Market?
The Needle-Free Injection Market is growing at a CAGR of 17.5% over the next 5 years.
Who are the key players in Needle-Free Injection Market?
Zogenix, Inovio, Glide Pharma, Akra Dermojet, Crossject Medical Technology, Injex Pharma, Eternity Healthcare, Antares Pharma, Valeritas, Medical International Technologies, PharmaJet, National Medical Products, Activa Brand Products, Endo International, Bioject Medical Technologies, Injex Pharma, National Medical Products, European Pharma Group, Penject Corporation
What are the significant types of Needle-Free Injection Market?
Powder Injections, Liquid Injections, Depot or Projectile Injection
What are the major end-use applications of Needle-Free Injection Market?
Drug Injection, Cosmetic Surgery Use, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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