The report titled “Global Needle Free Injection Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global needle free injection market in terms of market segmentation by type, by technology, by site of delivery, by usability, by product, by application, by end-users and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global needle free injection market is segmented by type into powder-based, liquid-based and depot-based needle free injectors; by technology into jet, spring, laser and vibration; by site of delivery into subcutaneous injectors, intramuscular injectors and intradermal injectors; by usability into disposable and reusable; by product into prefilled and fillable needle free injectors; by application into vaccine delivery, insulin delivery, pain management and others; by end-users into hospitals, clinics, home care settings, research laboratories, ambulatory surgical centers etc. and by regions. Needle free injection market is anticipated to mask a CAGR of 12.4% during the forecast period i.e. 2018-2027.
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Many multi-national companies are concentrating towards new product advancements in needle free injections to offer many more advantageous properties of these injections. Advancements in healthcare industry in the past few years and growing worldwide healthcare organizational initiatives in order to eliminate needle transmitted diseases is projected to drive the market’s growth rapidly. Besides, there is a wide range of functions of these injections in an immense range of applications such as vaccine delivery, insulin delivery, pain management and others that are estimated to boost the market robustly during the forecast period.
On the back of its innate nature to adopt various technologies at their nascent stage of innovation, North America market for needle free injections is anticipated to showcase a flourishing growth over the forecast period. Europe is panned to follow in the footsteps of North America on account of growing geriatric population with decreasing healthcare costs owing to increasing governmental initiatives across the region.
Asia Pacific is anticipated to exhibit a budding growth which is attributed to increasing technological awareness in the present population accompanied with growing healthcare expenditure and rising concerns regarding needle transmitted diseases across the region.
Growing Worldwide Initiatives in order to Eliminate Needle Transmitted Chronic Diseases
The number of chronic diseases has been observed to increase in the past decade on the back of increasing incidences of needle borne injuries and disease transmission. These diseases include hepatitis B, hepatitis C and HIV/AIDS among others for which various government organizations are taking favorable initiatives in order to eliminate them. Some of these organizations are World Health Organization, Center for Disease Control, Gates Foundation etc.
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However, limited usage of needle-free injections for intravenous administration along with priming of the systems before each use is expected to serve as a key restraining factor impacting the worldwide growth of the needle free injection market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global needle free injection market which includes company profiling of Medical International Technology, Inc., Antares Pharma, Inc., PharmaJet, PenJet Corporation, INJEX Pharma AG, Crossject needle-free injection systems, National Medical Products Inc., Valeritas, Inc., European Pharma Group, Endo International PLC and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global needle free injection market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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