Needle Free Drug Delivery Devices Market : Opportunities and Forecasts by 2023
MRRSE announces addition of new report" Needle Free Drug Delivery Devices Market : Opportunities and Forecasts by 2023 "to its database
MRRSE announces addition of new report" Needle Free Drug Delivery Devices Market : Opportunities and Forecasts by 2023 "to its database
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<strong>Needle</strong> <strong>Free</strong> <strong>Drug</strong> <strong>Delivery</strong> <strong>Devices</strong> <strong>Market</strong> : <strong>Opportunities</strong> <strong>and</strong><br />
<strong>Forecasts</strong> <strong>by</strong> <strong>2023</strong><br />
<strong>Drug</strong> delivery plays a vital role in human health care. <strong>Needle</strong> free drug<br />
delivery devices are novel drug delivery devices to inject drugs into a<br />
patients’ body without invading the skin tissue with a conventional<br />
needle. The first needle free injection systems were developed in the<br />
1940s <strong>and</strong> 1950s for the U.S. soldiers. These are now poised to<br />
become mainstream. Lesser pain <strong>and</strong> stress; elimination of the need<br />
for needle disposal, consistency in drug delivery, <strong>and</strong> zero risk of<br />
broken needles are the major advantages of needle free drug delivery
devices over conventional drug delivery devices. Hence, the global<br />
needle free drug delivery devices market is likely to witness strong<br />
growth during the forecast period from 2015–<strong>2023</strong>. However, high<br />
start-up cost <strong>and</strong> requirement for training <strong>and</strong> maintenance are some<br />
of restraints of the market.<br />
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The global needle free drug delivery devices market has been<br />
segmented based on technology <strong>and</strong> application of devices. Based on<br />
technology, the market has been segmented into jet injectors <strong>and</strong><br />
competing needle-free technologies. The competing needle-free<br />
technologies segment accounted for the highest share of the market in<br />
2014. However, the jet injectors segment is expected to grow at a<br />
higher rate during the forecast period due to rising incidence of<br />
needlestick injuries. Additionally, continuous evolution in jet injector<br />
technology is anticipated to drive the market during the forecast<br />
period. Novel needle technology, inhaler technology, <strong>and</strong> transdermal
patch technology are included in the competing needle-free<br />
technologies segment. The novel needle technology sub-segment<br />
accounted for the highest share of the competing needle-free<br />
technologies segment in 2014. However, the transdermal patch<br />
technology segment is likely to witness highest growth rate during the<br />
forecast period. Controlled drug delivery <strong>and</strong> elimination of presystemic<br />
metabolism are the major factors driving the transdermal<br />
patch technology segment. Based on application, the market has been<br />
segmented into vaccine delivery, pain management, insulin delivery,<br />
pediatric injections, <strong>and</strong> others. The insulin delivery segment<br />
accounted for the largest share of the market in 2014. The segment is<br />
expected to maintain its leadership position during the forecast period.<br />
However, the pediatric injections segment is likely to grow at the<br />
highest rate during the forecast period due to public awareness <strong>and</strong><br />
government initiatives for pediatric vaccination.<br />
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Geographically, the needle free drug delivery devices market has been<br />
classified into five major regions: North America, Europe, Asia Pacific,<br />
Latin America, <strong>and</strong> Middle East & Africa. North America accounted for<br />
the largest share of the global needle free drug delivery devices<br />
market in 2014. The region is expected to maintain its market position<br />
during the forecast period from 2015 to <strong>2023</strong>. This is due to high<br />
awareness about novel drug delivery systems, presence of major key<br />
players, <strong>and</strong> high investment in research <strong>and</strong> development activities.<br />
However, Asia Pacific is likely to witness the highest CAGR during the<br />
forecast period due to increase in health care infrastructure <strong>and</strong><br />
distribution strategies adopted <strong>by</strong> the market players. Europe<br />
accounted for the second largest share of the market in 2014 due to<br />
high geriatric population that would increase dem<strong>and</strong> for convenient<br />
drug delivery options. Latin America is likely to record the second<br />
highest growth during the forecast period due to rising prevalence of<br />
chronic diseases, improving health care scenario, <strong>and</strong> growing<br />
investment <strong>by</strong> leading players.
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The needle free drug delivery devices market is consolidated.<br />
However, Zogenix, Inc., 3M, <strong>and</strong> Antares Pharma, Inc. dominated the<br />
global market in 2014. Other players operating in the market are Glide<br />
Pharmaceutical Technologies Ltd., Injex Pharma AG, <strong>and</strong> Pharmajet,<br />
Inc. Partnerships <strong>and</strong> novel distribution strategies of the leading<br />
companies would help boost market growth during the forecast period.<br />
In March 2013, Zogenix, Inc. <strong>and</strong> Battelle extended their co-marketing<br />
partnership for the DosePro needle-free drug delivery system through<br />
March 29, 2014.<br />
Table of Content<br />
1. Preface<br />
2. Executive Summary<br />
3. <strong>Needle</strong> <strong>Free</strong> <strong>Drug</strong> <strong>Delivery</strong> <strong>Devices</strong> <strong>Market</strong> - Industry Analysis<br />
4. <strong>Market</strong> Segmentation - By Technology
5. <strong>Market</strong> Segmentation - By Application<br />
6. <strong>Market</strong> Segmentation - By Geography<br />
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