About Needle-Free Drug Delivery Systems
Needle-free drug delivery system is used to drive medicines using any force such as shock waves and pressure of gas through the skin. This process is done without a needle. The devices used for needle-free drug delivery are reusable. There is various type of needle-free drug delivery system such as Jet-based, spring-based and laser-based. Insulin delivery was the most protuberant application of needle-free drug delivery system.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 12.5% |
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 Needle-Free 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.
Antares Pharma (United States), Pharmajet (United States), Optinose (United States), Valeritas (United States), Crossject (France), Injex Pharma (Germany), 3M Pharmaceuticals (United States), Becton Dickinson (BD) (United States), MedImmune (United States), Mystic Pharmaceuticals (United States) and AkraDermojetInc (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Glide Pharmaceutical Technologies Ltd. (United Kingdom), Inovio Pharmaceuticals (United States) and Zogenix (United States).
Segmentation Overview
AMA Research has segmented the market of Global Needle-Free Drug Delivery Systems market by Type (Jet-based, Spring-based and Laser-based), Application (Pain management, Pediatric injections, Vaccine delivery, Oncology, Insulin delivery and Others) and Region.
On the basis of geography, the market of Needle-Free 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Trans-dermal Patch Technology will boost the Needle-Free 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 Needle-Free Drug Delivery Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Number of Infectious Diseases and Introduction of Self-Inject able Drugs in Rheumatoid Arthritis
Market Growth Drivers:
Fueling Demand of Pain free Delivery and Increasing Demand of Self Administration of the Drug
Challenges:
High Development Costs
Restraints:
High Cost of Needle-Free Drug Delivery Systems
Opportunities:
Introduction of Technologically Advanced Products such as Insulin Micropump
Market Leaders and their expansionary development strategies
In May 2022, Zealand Pharma A/S entered into an asset purchase agreement with MannKind Corporation to sell the V-Go insulin delivery device for USD 10 million and additional sales-based milestones. V-Go is a once-daily, wearable, patch-like insulin delivery device that helps provide Source: https://www.mordorintelligence.com/industry-reports/needle-free-drug-delivery-devices-market
In October 2022, NuGen Medical Devices Inc. , a leader in needle-free drug delivery, is pleased to announce the official launch of its InsuJet™ devices in Canada. SOL-MILLENNIUM Medical Group (“Sol-Millennium” or “Sol-M”), a global healthcare company dedicated to the design, manufacturing, and distribution of high-quality medical devices and personal protective equipment
Key Target Audience
Needle free drug delivery system Providers, Needle free drug delivery Devices Manufactures, Needle free drug delivery Devices Suppliers, Health Care Organizations, Re sellers, Potential Investors, Government and Private Research Organizations and Others
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.