The report on the Needle-Free Drug Injection Systems Market is segmented By Type (Jet-Based Needle-Free Injectors, Spring-Based Needle-Free Injectors, Laser-Powered Needle-Free Injectors, Vibration-Based Needle-Free Injectors), Application (Hospitals and Clinics, Homecare Settings, Research Laboratories, Pharmaceutical, and Biotechnology companies, Other), and Region – COVID-19 Impact Analysis and Forecast to 2026. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.
The Needle-Free Drug Injection Systems Market is projected to grow from USD 19.6 billion in 2020 to USD 44.8 billion by 2026 at a CAGR of around 14.8% during the forecast period.
Some of the major players operating in the global Needle-Free Drug Injection Systems Market are-
- Antares Pharma, Inc. (US)
- Endo International plc (US)
- PharmaJet (U.S)
- Bioject Medical Technologies Inc. (U.S)
- Medical International Technology, Inc. (U.S)
- INJEX Pharma AG (Germany)
- National Medical Products Inc. (US)
- Valeritas, Inc. (US)
- European Pharma Group (Netherland)
- PenJet Corporation (U.S)
- Crossject SA (France)
The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –
- Market structure – as it reflects the value chain of different commodities in the market.
- Drivers and Constraints – as both can affect any element of the marketing mix — product, budget, and place, etc.
- Market Forecast – a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
- Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand’s strategy.
- Growth strategies – allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.
The report covers maximum factors that affect the Needle-Free Drug Injection Systems Market. According to this report,
The growth of the needle-free drug injection systems market is primarily driven by the increasing prevalence of chronic diseases due to changing lifestyles and unhealthy diets. Expanding geriatric populace is another factor likely to drive the growth of needle-free drug injection systems at a significant rate during the review period. In addition to this, surging demand for advanced drug delivery systems is likely to create lucrative opportunities for the players operating in the global market in the coming years.
By application, the needle-free drug injection systems market has been bifurcated into hospitals and clinics, home care settings, research laboratories, pharmaceutical, and biotechnology companies, and others. Under these, the hospitals & clinics segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of established infrastructure and skilled healthcare professionals.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The segment growth is primarily attributed to the high demand for advanced drug delivery systems coupled with the presence of key market players such as Antares Pharma, Inc. (US) and Endo International plc (US). The market growth in the Asia-Pacific region is expected to be driven by increasing spending on healthcare.
Critical Questions Answered in the Report
- What are the key trends in the global Needle-Free Drug Injection Systems Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
- What is the impact of COVID-19 on global Needle-Free Drug Injection Systems Market?
- What are the key strategies adopted by the major vendors to lead in the global Needle-Free Drug Injection Systems Market?
- What is the market share of the top vendors?
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