Needle-Free Injection Market Size Projected to Garner USD 2.6 Billion by 2030 growing at 9.7% CAGR - Exclusive Report by Acumen Research and Consulting
According to Acumen Research & Consulting, the global Needle-Free Injection Market size was worth USD 1.2 Billion in 2021 and is projected to be worth around USD 2.6 Billion by 2030, growing at a CAGR of 9.7% in the coming years
Needle-Free Injection Market Overview
The growing prevalence of chronic diseases and increasing demand for pain-free and convenient administration of medications are among the key factors driving the growth of the market. Additionally, the benefits offered by needle-free injections over traditional needle injections, such as reduced risk of needle-stick injuries and improved patient compliance, are expected to further boost the market growth.
Needle-Free Injection Market Statistics
- Global needle-free injection market value collected USD 1.2 Billion in 2021, with a 9.7% CAGR between 2022 and 2030
- The North American needle-free injection market occupied over 41% share in 2021
- Asia-Pacific needle-free injection market growth is projected to record above 10% CAGR from 2022 to 2030
- Based on products, the fillable sub-segment gathered over US$ 823.6 million in 2021
- Among technology, the spring-based needle-free injectors sub-segment covered over 43% in 2021
- The expansion of home healthcare services is a key trend in the needle-free injection market that fuels the industry demand
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Needle-Free Injection Market Dynamics
Growing Incidence of Chronic Disorders Fuels the Needle-Free Injection Market Value
The rising prevalence of chronic diseases such as diabetes, cardiovascular disease, and cancer is propelling the needle-free injection systems market forward. Chronic diseases frequently necessitate regular medication administration, and the use of needle-free injectors offers a convenient and pain-free alternative to traditional needle-based injections. The growing demand for home healthcare services, as well as the growing preference for needle-free injections in geriatric populations, is expected to drive the needle-free injection systems market forward in the coming years. Furthermore, the growing emphasis on patient safety and comfort, as well as growing awareness about the benefits of needle-free injections, are expected to drive future growth in the needle-free injection systems market.
Government Support Will Expand the Global Needle-Free Injection Systems Market Share
Government support is a major factor driving the growth of the needle-free injection systems market. Governments worldwide are promoting the use of needle-free injection systems as a more secure and convenient alternative to traditional needle-based injections. Some governments, for example, offer financial incentives to healthcare providers who use needle-free injectors, while others offer tax breaks to needle-free injector manufacturers. Furthermore, governments are investing in the development of advanced needle-free injection systems in order to improve patient outcomes and reduce healthcare costs. The favorable government support is expected to propel the needle-free injection systems market forward in the future.
Needle Free Injection Market Segmentation
The global needle-free injection market is categorized into product, type, technology, usability, delivery site, application, end-use, and geography.
- Based on the product, the market is bifurcated into fillable and prefilled
- By type, the classification comprises liquid-based needle-free injectors, powder-based needle-free injectors, and projectile/depot-based needle-free injectors
- The technology segment covers gas-powered needle-free injectors, laser-powered needle-free injectors, spring-based needle-free injectors, and vibration-based needle-free injectors
- Disposable and reusable are the bifurcations of usability
- The delivery site segment is sub-segmented into intradermal, intramuscular, and subcutaneous
- The application segment is further divided into insulin delivery, pain management, vaccine delivery, and others
- Hospitals and clinics, home care settings, and research laboratories are covered under the end-use segment
- The regional market is classified into North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa
Needle-Free Injection Market Regional Outlook
According to our needle-free injection systems market analysis, the North American region dominated the market with the largest share and is expected to continue to do so in the coming years. The rising prevalence of chronic diseases, as well as the increasing use of needle-free injectors for the delivery of insulin and other medications, is expected to propel the North American needle-free injection systems market forward in the coming years. Furthermore, rising demand for home healthcare services and a growing preference for needle-free injections in geriatric populations are expected to drive future growth in the North American needle-free injection systems market.
During the forecast period of 2022 to 2030, the Asia-Pacific region is expected to experience rapid growth. Due to their large patient pool and growing demand for home healthcare services, China and India are expected to be major contributors to the growth of the Asia-Pacific needle-free injection systems market. The growing emphasis on improving healthcare infrastructure, as well as rising investment in the healthcare sector, is expected to drive future growth in the Asia-Pacific needle-free injection systems market. Furthermore, the rising prevalence of infectious diseases and rising demand for vaccines in the region are expected to propel the Asia-Pacific needle-free injection systems market forward in the coming years.
Needle-Free Injection Market Players
Some prominent needle-free injection companies covered in the industry are Aijex Pharma International Inc., Antares Pharma, Inc, Crossject, Ferring B.V., Inovio Pharmaceuticals, Medical International Technology Inc., NuGen Medical Devices, Penjet Corporation, PharmaJet, and Portal Instruments.
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