Global Needle Free Injection System Market growing at a CAGR of 14.7% from 2023 to 2030
Category : Medical Devices | Published Date : Sep 2023
Key Market Overview
Consegic Business Intelligence analyses that the global needle free injection system market is growing with a CAGR of 14.7% and is expected to reach USD 48,515.83 million in 2030 from USD 16,340.00 million in 2022.
The report highlights the rising numbers of infectious and communicable diseases that is contributing to the growing demand for needle free injection system. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the needle free injection system market.
Global Needle Free Injection System Market By Overview
The needle free injection system market is bifurcated into product, usability, application, and end user. Based on product, the market is segmented into fillable and prefilled. In 2022, the fillable segment accounted for the highest market share in the needle free injection system market. The usability segment is categorized into disposable and reusable. In 2022, based on usability, disposable segment accounted for the highest market share. The application segment is categorized into vaccine delivery, insulin delivery, pain management, and others. In 2022, based on application, vaccine delivery segment accounted for the highest market share. On the basis of end user, the market is segmented into hospitals & clinics, home care settings, research laboratories, and others. In 2022, the hospitals & clinics segment accounted for the highest market share in the overall needle free injection system market.
Get Free SampleMarket Dynamics
Driver:
- Rising numbers of infectious and communicable diseases is driving the market growth.
- Increasing awareness of self-injection devices is boosting the market growth.
Restraints:
- Presence of alternative modes of drug delivery is deterring the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Product | Fillable and Prefilled |
| By Usability | Disposable and Reusable |
| By Application | Vaccine Delivery, Insulin Delivery, Pain Management, and Others |
| By End User | Hospitals & Clinics, Home Care Settings, Research Laboratories, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Terumo Corporation, Pulse NeedleFree, PharmaJet, Portal Instruments have a strong market position in current market circumstances. Further, the needle free injection system market is expected to witness significant growth in the coming years due to increasing demand for biosimilars and vaccination process. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Terumo Corporation
- Pulse NeedleFree
- PharmaJet
- Portal Instruments
- Medical International Technology Inc
- NuGen Medical Devices
- Crossject
- Inovio Pharmaceuticals
- Antares Pharma, Inc
- Penjet Corporation