Needle-free drug delivery systems are an innovative way and method of delivery of drugs and other types of medicines. They can also be forms of transdermal patches, inhaling systems or even micro-needles that do not pierce the skin like a conventional needle. The type 1 diabetes patients requirs regular glucose monitoring and use needles for insulin administration, which increases the risk of infection and pain among individuals. Needle-free devices provide pain less delivery and reduces the risk of infection. As a result, the demand for these devices is expected to increase during the forecast period..
MARKET SCOPE
The "Global Needle free drug delivery devices Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Needle free drug delivery devices market with detailed market segmentation by technique, application, and geography. The report provides key statistics on the market status of the leading Needle free drug delivery devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on Technique, the global Needle free drug delivery devices market is segmented into Inhalers, Transdermal Patch, Jet Injectors, Novel Needle Free.
? On the basis of application, the market is segmented into Pediatric Injection, Insulin Delivery Devices, Vaccine Delivery Devices, Others.
MARKET DYNAMICS
Drivers
? Increasing prevalence of diabetes and chronic diseases.
? Rising demand for pain-free delivery of drugs.
? Technological advancement in drug delivery devices.
Restraints
? High cost of these devices and Stringent regulatory approvals process.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Needle free drug delivery devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Needle free drug delivery devices market in these regions.
IMPACT OF COVID-19 ON NEEDLE FREE DRUG DELIVERY DEVICES MARKET
There are currently multiple COVID 19 vaccine development programmes running across the world. Hopefully some of these will shortly be approved for use and will have a major impact. In parallel, significant investment is being made by governments and non-profit sources to build adequate capacity for the delivery and administration of such vaccines at national and global scale. The demand for needle free drug delivery devices is expected to increase for administration of vaccines as these devices are risk free, safe, and effective. For instance, in October 2020, US FDA has granted 510(k) marketing clearance for needleless injection systems developed by PharmaJet for COVID-19 vaccine candidate trial.
MARKET PLAYERS
The report covers key developments in the Needle free drug delivery devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Needle free drug delivery devices market are anticipated to lucrative growth opportunities in the future with the rising demand for Needle free drug delivery devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Needle free drug delivery devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Antares Pharma, Inc.
? Endo International plc.
? PharmaJet
? Bioject Medical Technologies Inc.
? Medical International Technology, Inc.
? INJEX Pharma AG
? National Medical Products Inc.
? Valeritas, Inc.
? European Pharma Group
? PenJet Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.