About Microneedle Drug Delivery Systems
A microneedle device is created by arranging hundreds of microneedles in arrays on a tiny patch (similar to a standard transdermal patch on the market) to deliver a sufficient amount of drug to provide the desired therapeutic response. It pierces the stratum corneum thus bypassing the barrier layer. The drug is directly placed in the epidermis or upper dermis layer which then goes into the systemic circulation and shows a therapeutic response on reaching the site of action.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Microneedle Drug Delivery Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M (United States), Zosano Pharma(United States), Becton, Dickinson and Company(United States), Nanopass Technologies(Israel), Corium InternationalUnited States), Microdermics (Canada), TheraJect(United States), Vaxxas (United States) and Lohmann Therapie-Systeme AG(United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Micropoint Technologies(Singapore), MyLife Technologies(Netherlands) and Innoture Medical Technology Limited(United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Microneedle Drug Delivery Systems market by Type (Hollow Microneedle Technology, Solid Microneedle Technology and Dissolving Microneedles Technology), Application (Drug Delivery, Vaccine Delivery, DNA vaccine Delivery, Insulin Delivery and Others) and Region.
On the basis of geography, the market of Microneedle Drug Delivery Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Method , the sub-segment i.e. Poke With Patch will boost the Microneedle Drug Delivery Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Microneedle Drug Delivery Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Silicon will boost the Microneedle Drug Delivery Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Microneedle Drug Delivery Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth in technologies such as microneedle patches,
Market Growth Drivers:
The most important driving factor for the microneedle drug delivery system market is the growing demand for safer alternatives to conventional hypodermic injections. and Growing stroke and cardiac disease cases worldwide.
Challenges:
The absorption variability and poor absorption
Restraints:
There is the possibility of skin irritation or allergy to sensitive skin.
Opportunities:
The broad range of applications in medicine and biotechnology is driving market growth.
Market Leaders and their expansionary development strategies
In June 2022, Kindeva Drug Delivery (Kindeva) has announced a collaboration with Synopsys, Inc. involving the implementation of Synopsys Simpleware™ automated software solutions to assist in creating a state-of-the-art system for accurately measuring Kindeva’s microstructured transdermal system (MTS) arrays.This collaboration will enable fast and accurate measurements of Kindeva’s MTS arrays by utilizing Simpleware image processing and machine learning-based artificial intelligence (AI) technology.
In January 2024, CD Formulation, a leading provider of contract pharmaceutical formulation development services, launched of its dissolving microneedle preparation services. This breakthrough in drug delivery technology promises to revolutionize the way medications are administered, enhancing efficiency and patient comfort. Microneedles are tiny, painless needles that penetrate the skin's outer layer, delivering drugs directly into the viable epidermis of the skin.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Microneedle Drug Delivery Systems Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.