The Needle-Free Drug Delivery Systems Market 2018 report offers brief visions about market trends, market share by Key drivers, Key players, classification by Product Types and Application, growth rate and sales and so on. Needle-Free Drug Delivery Systems Market report provides prized data on global Industry chain, offering vast growth opportunities across developing as well as developed economies. Also, the Needle-Free Drug Delivery Systems Market could benefit from the increased Needle-Free Drug Delivery Systems demand to bring down the cost of treatment across the globe.
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Competitive Landscape-Top 10 Market Players
Some of the major players operating in the global needle free durg delivery device market is Antares Pharma, Consort Medical, Crossject, Inovio Pharmaceuticals, Injex Pharma, Medical International Technology, Valeritas, Zasona, 3M, and Pharmajet. Being a new technology, majority of the companies operating in the industry are spending money on RandD to come up with innovative devices in the domain to cater to the increasing demand majorly from the developing region along with region with most prominent elderly population.
The market for needle free drug delivery devices is expanding as it has the capability to make the administration of medicines easier, safer and convenient. According to the surveys held in 2017, it was estimated that 91% of the patients were satisfied with the use of needle-free drug delivery technique for drug delivery. Emerging economies are ready to invest capital in this rapidly growing technology. Usage of needleless devices for treatments is causing an impact on society, specifically on those who have suffered from trypanophobia.
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According to several organizations, 24% of parents and 63% of children suffer from the fear of needles. As a result, 7% of children globally do not get proper vaccinations when required. Needle Free drug delivery devices would serve the purpose by providing quick treatment options at home, through self-administration or injecting the medication when required. The global needle free drug delivery devices market generated revenue of US$ 7.3 billion in 2017 and is expected to be one of the fastest growing markets in the medical industry.
Based on product, the global needle-free drug-device market is segmented into prefilled and fillable needle-free injection system. Prefilled injection system occupies the maximum share in the global market and is expected to remain dominant throughout the forecast period 2018-2025. However, the fillable injection system is expected to witness the highest CAGR growth during the same period.
The market is further bifurcated on the basis of technology into jet injectors, transdermal drug delivery systems and inhaler technology. Jet Injector is the most popular and leading device among the population as it involves zero contamination and individual can use the product without medical professionals.
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