Major factors driving the growth of this market include growing prevalence of chronic disease, increasing incidence of communicable disease due to needle stick injuries, rising demand for biosimilars and vaccination, advantages of drug delivery technology, increasing demand for self-injection devices.
According to the new market research report by MarketsandMarkets, The global needle-free injection system market, in terms of value, is projected to reach USD 20.17 Billion by 2021 from USD 9.81 Billion in 2016, at a CAGR of 15.5% during the forecast period.
On the other hand, high development cost of needle-free injection system over the conventional needle injection may hinder the growth of this market during the forecast period.
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Based on the technology, the market is divided into Jet-based needle-free injectors, spring-based needle-free injectors, laser-based needle-free injectors and vibration-based needle-free injectors. The jet-based needle-free injector is expected to account for the largest market share in 2016, due to their advantages over the other injector systems.
Based on the Applications, the market is segmented into vaccine delivery, insulin delivery, Oncology, pain management and other applications; the vaccine delivery application segment is projected to be the fastest-growing segment during forecast period in 2016. The growth of this market primarily attributed to factors such as the rising incidence of chronic diseases, technological advancement, and growing preference for self-medication.
Based on the end user, the market is segmented into Hospitals and Clinics, home care settings, research laboratories, pharmaceutical and biotechnological companies and other end user. The hospitals and clinics segment is expected to grow at the highest rate in the forecast period. The growth in this segment can primarily be attributed to the advancement in the medication or drug delivery technology and rising geriatric population.
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North America accounted for the largest share of the Needle-Free Injection System Market
Key players in the market include Antares Pharma, Inc. (U.S.), Endo International plc (U.S.), PharmaJet (U.S), Bioject Medical Technologies Inc. (U.S), Medical International Technology, Inc. (U.S), INJEX Pharma AG (Germany), National Medical Products Inc. (U.S.), Valeritas, Inc. (U.S.), European Pharma Group (Netherland), PenJet Corporation (U.S), Crossject SA (France).
According to the new market research report "Needle-Free Injection System Market by Product (Fillable, Prefilled), by Technology (Jet, Spring, Laser, Vibration), Usability (Reusable, Disposable), Type of Medication (Liquid, Depot), Delivery Site (Intramuscular, Subcutaneous) - Forecasts to 2021", published by MarketsandMarkets™, The global needle-free injection system market, in terms of value, is projected to reach USD 20.17 Billion by 2021 from USD 9.81 Billion in 2016, at a CAGR of 15.5% during the forecast period.Don’t miss out on business opportunities in Needle-Free Injection System Market @ https://www.marketsandmarkets.com/Market- Reports/needle-free-injection-system-market-165815861.htmlMajor factors driving the growth of this market include growing prevalence of chronic disease, increasing incidence of communicable disease due to needle stick injuries, rising demand for biosimilars and vaccination, advantages of drug delivery technology, increasing demand for self-injection devices.
On the other hand, high development cost of needle-free injection system over the conventional needle injection may hinder the growth of this market during the forecast period.Browse and in-depth TOC on "Needle-Free Injection System Market" 151 - Tables33 - Figures183 - PagesThe report segments the market based on product, technology, type, site of delivery, applications, end user and regions.
Based on the technology, the market is divided into Jet-based needle-free injectors, spring-based needle-free injectors, laser-based needle-free injectors and vibration-based needle-free injectors.
The jet-based needle-free injectors are expected to witness the highest growth during the forecast period, due to their advantages over the other injector systems.Make an Inquiry Prior To Purchase this research study @https://www.marketsandmarkets.com/PressReleases/needle-free-injection-system.aspThe report "Needle Free Injection Systems Market by Product (Fillable, Prefilled), by Technology (Jet, Spring, Laser, Vibration), Usability (Reusable, Disposable), Type of Medication (Liquid, Depot), Delivery Site (Intramuscular, Subcutaneous) - Forecasts to 2021", The global needle-free injection system market, in terms of value, is projected to reach USD 20.17 Billion by 2021 from USD 9.81 Billion in 2016, at a CAGR of 15.5% during the forecast period.Browse 151 market data tables and 33 figures spread through 183 pages and in-depth TOC on “Needle Free Injection Systems Market by Product (Fillable, Prefilled), by Technology (Jet, Spring, Laser, Vibration), Usability (Reusable, Disposable), Type of Medication (Liquid, Depot), Delivery Site (Intramuscular, Subcutaneous) - Forecasts to 2021”https://www.marketsandmarkets.com/Market-Reports/needle-free-injection-system-market-165815861.htmlGrowth in this market is mainly driven by growing prevalence of chronic disease, increasing incidence of communicable disease due to needle stick injuries, rising demand for biosimilars and vaccination, advantages of drug delivery technology, increasing demand for self-injection devices.
On the other hand, high development cost of needle-free injection systems over the conventional needle injection may hinder the growth of this market during the forecast period.Order a copy of “Needle-Free Injection System Market” research study @https://www.marketsandmarkets.com/PressReleases/needle-free-injection-system.asp
The report segments the market based on product, technology, type, site of delivery, applications, end user and regions.
Based on the technology, the market is divided into Jet-based needle-free injectors, spring-based needle-free injectors, laser-based needle-free injectors and vibration-based needle-free injectors.
The jet-based needle-free injectors are expected to witness the highest growth during the forecast period, due to their advantages over the other injector systems.Major Growth Drivers:Major factors driving the growth of this market include growing prevalence of chronic disease, increasing incidence of communicable disease due to needle stick injuries, rising demand for biosimilars and vaccination, advantages of drug delivery technology, increasing demand for self-injection devices.
On the other hand, high development cost of needle-free injection system over the conventional needle injection may hinder the growth of this market during the forecast period.Expected Revenue Growth:The global needle-free injection system market, in terms of value, is projected to reach USD 20.17 Billion by 2021 from USD 9.81 Billion in 2016, at a CAGR of 15.5% during the forecast period.Accessories to Fuel the Growth of Needle-Free Injection System Market :Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165815861Based on the technology, the market is divided into Jet-based needle-free injectors, spring-based needle-free injectors, laser-based needle-free injectors and vibration-based needle-free injectors.
The jet-based needle-free injector is expected to account for the largest market share in 2016, due to their advantages over the other injector systems.Based on the Applications, the market is segmented into vaccine delivery, insulin delivery, Oncology, pain management and other applications; the vaccine delivery application segment is projected to be the fastest-growing segment during forecast period in 2016.
The growth of this market primarily attributed to factors such as the rising incidence of chronic diseases, technological advancement, and growing preference for self-medication.North America is expected to dominate the market in 2016, with the U.S. accounting for a major share.However, Europe is expected to grow at the highest CAGR during the forecast period.
Market Analysis: Global Needle-Free Injection System MarketNeedle-free injection system market is expected to reach USD 42.63 Billion by 2026 and set to witness a substantial CAGR in the forecast period of 2019-2026.
This rise in market value can be attributed to extensive use of needle-free injection system in the developing countries.Global Needle-Free Injection System Market By Type (Liquid-Based Needle-Free Injectors, Projectile/Depot-Based Needle-Free Injectors, Powder-Based Needle Free Injectors), Product (Fillable Needle-Free Injectors, Prefilled Needle-Free Injectors), Technology (Jet-Based Needle-Free Injectors, Spring-Based Needle-Free Injectors, Laser-Powered Needle-Free Injectors, Vibration-Based Needle-Free Injectors), Source of Power (Spring-Based Needle-Free Injectors, Gas Propelled/ Air Forced Injector Systems), Usability (Disposable Needle-Free Injectors, Reusable Needle-Free Injectors), Delivery Site (Subcutaneous Injectors, Intramuscular Injectors, Intradermal Injectors), Application (Vaccine Delivery, Insulin Delivery, Oncology, Pain Management, Others), End User (Hospitals, Clinics, Home Care Settings, Research Laboratories, Pharmaceutical and Biotechnological Companies, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026Download Exclusive Sample Report of Global Needle-Free Injection System Market@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-needle-free-injection-system-marketMarket Definition: Global Needle-Free Injection System MarketNeedle free injection technology is the way to introduce various medicines to patients without penetrating it into the skin.
They are used to drive drugs through the skin which includes the forces like Shock waves, pressure by gas, Lorentz or electrophoresis.
It has become famous in the emerging countries for its wide used in mass immunization activities, bypassing the chances of needle stick injuries and avoiding other difficulties that are arising due to the multiple use of single needle.
Increasing benefits of drug delivery systems is one of major factor contributing growth in the global needle-free injection system market.Market Drivers· Increasing number of chronic disease is expected to drive the growth of the market in the forecasted period· Increased rate of communicable disease due to needle stick injuries is expected to drive the growth of the market Increasing demand for self-injection devices is expected to increase growth of the market in the forecasted period· Increasing demand for biosimilars and vaccination is expected to enhance growth of the marketMarket Restraints· Limitation in intravenous administration is expected to restrain the market growth· Stringent regulation is expected to hinder the market growth· Needle-free injection system is costly which is expected to restrain the market growthTo Insightful Report Details Visit https://www.databridgemarketresearch.com/reports/global-needle-free-injection-system-marketCompetitive Analysis:Global needle-free injection system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of needle-free injection system market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.Key Market Competitors:Few of the major competitors currently working in global needle-free injection system market are Antares Pharma, Endo Pharmaceuticals Inc., PharmaJet, Inovio Pharmaceuticals, Inc., Medical International Technologies, INJEX, THE NATIONAL MEDICAL PRODUCTS CO., LTD, Valeritas, Inc., InsuJet, PenJet, Crossject, Amico Group, BD, Inovio Pharmaceuticals, Inc., MedImmune, Mystic Pharmaceuticals, OptiNose US, Inc., Zogenix, D'Antonio Consultants International, Inc., among others.Access Report @ https://www.databridgemarketresearch.com/checkout/buy/singleuser/global-needle-free-injection-system-marketResearch Methodology: Global Needle-Free Injection System MarketData collection and base year analysis is done using data collection modules with large sample sizes.
Market Analysis: Global Needle-Free Injection System MarketGlobal needle-free injection system market is expected to reach USD 42.63 Billion by 2026 and set to witness a substantial CAGR in the forecast period of 2019-2026.
This rise in market value can be attributed to extensive use of needle-free injection system in the developing countries.Global Needle-Free Injection System Market By Type (Liquid-Based Needle-Free Injectors, Projectile/Depot-Based Needle-Free Injectors, Powder-Based Needle Free Injectors), Product (Fillable Needle-Free Injectors, Prefilled Needle-Free Injectors), Technology (Jet-Based Needle-Free Injectors, Spring-Based Needle-Free Injectors, Laser-Powered Needle-Free Injectors, Vibration-Based Needle-Free Injectors), Source of Power (Spring-Based Needle-Free Injectors, Gas Propelled/ Air Forced Injector Systems), Usability (Disposable Needle-Free Injectors, Reusable Needle-Free Injectors), Delivery Site (Subcutaneous Injectors, Intramuscular Injectors, Intradermal Injectors), Application (Vaccine Delivery, Insulin Delivery, Oncology, Pain Management, Others), End User (Hospitals, Clinics, Home Care Settings, Research Laboratories, Pharmaceutical and Biotechnological Companies, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026Download Exclusive Sample Report of Global Needle-Free Injection System Market@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-needle-free-injection-system-marketMarket Definition: Global Needle-Free Injection System MarketNeedle free injection technology is the way to introduce various medicines to patients without penetrating it into the skin.
They are used to drive drugs through the skin which includes the forces like Shock waves, pressure by gas, Lorentz or electrophoresis.
It has become famous in the emerging countries for its wide used in mass immunization activities, bypassing the chances of needle stick injuries and avoiding other difficulties that are arising due to the multiple use of single needle.
Increasing benefits of drug delivery systems is one of major factor contributing growth in the global needle-free injection system market.Market Drivers· Increasing number of chronic disease is expected to drive the growth of the market in the forecasted period· Increased rate of communicable disease due to needle stick injuries is expected to drive the growth of the market Increasing demand for self-injection devices is expected to increase growth of the market in the forecasted period· Increasing demand for biosimilars and vaccination is expected to enhance growth of the marketMarket Restraints· Limitation in intravenous administration is expected to restrain the market growth· Stringent regulation is expected to hinder the market growth· Needle-free injection system is costly which is expected to restrain the market growthTo Insightful Report Details Visit https://www.databridgemarketresearch.com/reports/global-needle-free-injection-system-marketCompetitive Analysis:Global needle-free injection system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of needle-free injection system market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.Key Market Competitors:Few of the major competitors currently working in global needle-free injection system market are Antares Pharma, Endo Pharmaceuticals Inc., PharmaJet, Inovio Pharmaceuticals, Inc., Medical International Technologies, INJEX, THE NATIONAL MEDICAL PRODUCTS CO., LTD, Valeritas, Inc., InsuJet, PenJet, Crossject, Amico Group, BD, Inovio Pharmaceuticals, Inc., MedImmune, Mystic Pharmaceuticals, OptiNose US, Inc., Zogenix, D'Antonio Consultants International, Inc., among others.Access Report @ https://www.databridgemarketresearch.com/checkout/buy/singleuser/global-needle-free-injection-system-marketResearch Methodology: Global Needle-Free Injection System MarketData collection and base year analysis is done using data collection modules with large sample sizes.