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Global Needle-Free Injection System Market 2020- Projected To Grow At A Significant Rate With Industry Analysis, Key Leading Industry Players-Medical International Technologies, INJEX, THE NATIONAL MEDICAL PRODUCTS CO., LTD

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. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to extensive use of needle-free injection system in the developing countries.

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.

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Needle-Free Injection System market research report has been generated with the systematic gathering and evaluation of market information for healthcare industry which is presented in a form that explains various facts and figures to the business. For market segmentation study conducted in this report, a market of potential customers is divided into groups or segments based on different characteristics such as application of product, deployment model, end user and geographical region etc. To put marketplace clearly into the focus, most up to date market insights and analysis has been offered via this report.

Key Developments in the Market:

  • In July 2019, Eli Lilly and Company has received U.S. Food and Drug Administration approval for Baqsimi (glucagon) nasal powder 3 mg. The product is used to treat diabetic severe hypoglycemia. The product approval will help company to increase its revenue generation from drug delivery system as the product is first of its kind and only nasally-dosed glucagon, available for diabetics
  • In January 2018, LenisUSA.com and Lenis Medical Ltd has formed partnership with Premier Media Service Inc. for distribution and sales of LENIS Needle-Free Injection System in U.S. The injection system is a next generation needle free injections system and the device is highly adaptable, and applicable to anesthetics, steroids, HA, HGH, HCG, MS drugs, vitamins, insulin, vaccines, filers, fertility drugs, and orthopedic drugs. The partnership will help company to increase its market presence in U.S.

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 market

Market 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 growth

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Segmentation: Global Needle-Free Injection System Market

By Type

  • Liquid-Based Needle-Free Injectors
  • Projectile/Depot-Based Needle-Free Injectors
  • Powder-Based Needle Free Injectors

By Product

  • Fillable Needle-Free Injectors
  • Prefilled Needle-Free Injectors

By Technology

  • Jet-Based Needle-Free Injectors
  • Spring-Based Needle-Free Injectors
  • Laser-Powered Needle-Free Injectors
  • Vibration-Based Needle-Free Injectors

By Source of Power

  • Spring-Based Needle-Free Injectors
  • Gas Propelled/ Air Forced Injector Systems

By Usability

  • Disposable Needle-Free Injectors
  • Reusable Needle-Free Injectors

By DeliverySite

  • Subcutaneous Injectors
  • Intramuscular Injectors
  • Intradermal Injectors

By Application

  • Vaccine Delivery
  • Insulin Delivery
  • Oncology
  • Pain Management
  • Others

By End User

  • Hospitals
  • Clinics
  • Home Care Settings
  • Research Laboratories
  • Pharmaceutical and Biotechnological Companies
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacifi
  • Middle East & Africa

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