Needle-Free Injection System Market: Current Analysis and Forecast (2022-2028)
$4999 – $7999
Emphasis on Product (Fillable needle-free injectors, Prefilled needle-free injectors); Technology (Jet-based needle-free injectors, Spring-based needle-free injectors, Micro array patch injectors, Others); Usability (Disposable needle-free injectors, Reusable needle-free injectors); Application (Vaccine delivery, Insulin delivery, Oncology, Pain management, Dermatology, Others); End-User (Home care settings, Research laboratories, Pharmaceutical and biotechnological companies, Others); and Region/Country
The needle-free injection system market is expected to register a CAGR of approx. 13% over the period of 2022-2028. Needle-free injection technology (NFIT) refers to a wide range of drug delivery systems that propel drugs through the skin using forces such as Lorentz, shock waves, gas pressure, or electrophoresis, effectively eliminating the use of hypodermic needles. The user can administer highly viscous drug products more easily with these techniques than with traditional needle and syringe systems. This technology is beneficial not only to the pharmaceutical industry but also to the development of a better world. The user avoids many other issues by using this technology, such as the possibility of needle stick injuries or complications caused by multiple uses of a single needle. This technique is also very useful in mass immunization programmes. The growing demand for needle-free injection systems can be attributed to the increasing prevalence of diabetes across the globe. For instance, according to the World Health Organization, nearly 422 million people globally have diabetes, the majority living in low-and middle-income countries. it has also been estimated by the International Diabetes Federation that by 2045 nearly 700 million adults worldwide will have diabetes. Owing to the glaring statistics the rising prevalence of diabetes leads to higher demand for needle-free insulin injection which boosts the demand for the needle-free injection system across the globe and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the needle-free injection system market is anticipated to grow on account of the Increasing number of regulatory approvals. In addition, a rising preference for the self-administration of drugs and an increase in injectable drugs for treatment drive market growth. However, some of the restraints in the market including the huge development costs, as well as stringent device regulations are impeding the growth of this market all over the world.
PharmaJet, Crossject SA, Portal Instruments, NuGen Medical Devices Inc, Inovio Pharmaceuticals Inc, Antares Pharma, Inc, Ferring B.V., Medical International Technology Inc, InsuJet, Glide Pharmaceutical Technologies Limited are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, the fillable needle-free injectors segment accounted for a significant market share in 2020”
Based on the product, the needle-free injection system market is segmented into fillable needle-free injectors and prefilled needle-free injectors. The fillable needle-free injectors segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe owing to its high adoption rates and wide availability throughout the globe. Increasing the application of needle-free injections in vaccination, insulin and other drug delivery is likely to boost the segment of the market.
“Amongst technology, the jet-based needle-free injectors category is expected to witness considerable CAGR during the forecast period”
Based on the technology, the market is fragmented into jet-based needle-free injectors, spring-based needle-free injectors, microarray patch injectors, and others. The jet-based needle-free injectors segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Benefits of this technology include faster drug administration, improved dosage accuracy, better diffusion into the tissue, and a faster response rate.
“Amongst usability, the reusable needle-free injectors category is expected to witness considerable CAGR during the forecast period”
Based on the usability, the market is fragmented into disposable needle-free injectors and reusable needle-free injectors. The reusable needle-free injectors segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Reusable needle-free injectors are commonly recommended by healthcare professionals and doctors to reduce the risk of infections and other harmful ailments. Reusable injectors are extremely durable because they are made of superior and precision-engineered materials, allowing doctors to reuse them multiple times.
“Amongst applications, the vaccine delivery category is expected to witness considerable CAGR during the forecast period”
Based on the application, the market is fragmented into vaccine delivery, insulin delivery, oncology, pain management, dermatology, and others. The vaccine delivery segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the increased preference for vaccine administration is expected to drive up demand for needle-free injectors. The growing prevalence of medical conditions such as pain disorders, arthritis, and migraine is expected to keep the market position.
“Amongst end-user, the hospitals’ category is expected to witness considerable CAGR during the forecast period”
Based on the end-user, the market is fragmented into home care settings, research laboratories, pharmaceutical and biotechnological companies, and others. The hospital segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. In nurse’s stations, operating rooms, emergency rooms, outpatient departments, and ambulatory services, needle-free injectors are required in large quantities. For the procurement of such devices, hospitals typically hold an open tender. Growing patient hospitalisation, combined with an increase in the number of hospitals around the world, is expected to contribute to market growth during the forecast period.
“North America accounted for a significant market share in 2020”
For a better understanding of the market adoption of the needle-free injection system, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the needle-free injection system industry owing presence of highly regulated and developed healthcare infrastructure, the availability of advanced products due to the presence of major market players in the U.S. coupled with the increasing prevalence of chronic and lifestyle-associated diseases, rising healthcare spending in this region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Needle-Free Injection System Market|
|2.2.||Research Methodology of the Needle-Free Injection System Market|
|5||IMPACT OF COVID-19 ON THE NEEDLE-FREE INJECTION SYSTEM MARKET|
|6||GLOBAL NEEDLE-FREE INJECTION SYSTEM MARKET REVENUE, 2020-2028F|
|7.1.||Fillable needle-free injectors|
|7.2.||Prefilled needle-free injectors|
|8.1.||Jet-based needle-free injectors|
|8.2.||Spring-based needle-free injectors|
|8.3.||Micro array patch injectors|
|9.1.||Disposable needle-free injectors|
|9.2.||Reusable needle-free injectors|
|11.1.||Home care settings|
|11.3.||Pharmaceutical and biotechnological companies|
|12.1||NORTH AMERICA NEEDLE-FREE INJECTION SYSTEM MARKET|
|12.1.3||Rest of North America|
|12.2||EUROPE NEEDLE-FREE INJECTION SYSTEM MARKET|
|12.2.6||Rest of Europe|
|12.3||ASIA PACIFIC NEEDLE-FREE INJECTION SYSTEM MARKET|
|12.3.5||Rest of Asia Pacific|
|12.4||REST OF THE WORLD NEEDLE-FREE INJECTION SYSTEM MARKET|
|14||NEEDLE-FREE INJECTION SYSTEM MARKET OPPORTUNITIES|
|15||NEEDLE-FREE INJECTION SYSTEM MARKET TRENDS & INSIGHTS|
|16.1||Demand Side Analysis|
|16.2||Supply Side Analysis|
|17||VALUE CHAIN ANALYSIS|
|20.1.1||Porter’s Five forces analysis|
|21.4.||NuGen Medical Devices Inc|
|21.5.||Inovio Pharmaceuticals Inc|
|21.6.||Antares Pharma, Inc|
|21.8.||Medical International Technology Inc|
|21.10.||Glide Pharmaceutical Technologies Limited|
Research Methodology for the Global Needle-Free Injection System Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global needle-free injection system market were the three major steps undertaken to create and analyze the adoption of needle-free injection system in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global needle-free injection system market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the needle-free injection system market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the needle-free injection system market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the product, technology, usability, applications, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the needle-free injection system market. Further, we conducted factor analysis using dependent and independent variables such as the increasing prevalence of diabetes, etc. globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the needle-free injection system market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global needle-free injection system market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the needle-free injection system market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global needle-free injection system market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
A data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global needle-free injection system market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, technology, usability, applications, end-user in the global needle-free injection system market.
The main objective of the Global Needle-free injection system Market Study
The current & future market trends of the global needle-free injection system market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the market’s overall attractiveness at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the needle-free injection system market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product, technology, usability, applications, end-user.
- Define and analysis of the regulatory framework for the needle-free injection system market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the needle-free injection system market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the needle-free injection system market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry