The data collected in the “Global Needle-free Drug Delivery Devices Market – Segmented by Technology, Application, and Geography – Growth, Trends, and Forecast (2019 – 2023)” report (Sample Copy Here) offers detailed insights on the market dynamic forces to enable informed business decision making and development strategy formulation supported on the opportunities present in the market. Needle-free Drug Delivery Devices Market report delivers the most up-to-date industry data on the actual and potential market situation, and outlook.
The Global Needle-free Drug Delivery Devices Market 2019 is bifurcated into multiple segments [Product, Applications, End-Users, and Major Regions]. The global Needle-free Drug Delivery Devices Market report represents the market’s data in a better-analyzed way by fragmenting the market in several multiple segments product, its end-users, applications, and others of the market segments. A review of the impact of the administrative regulations and policies on the Needle-free Drug Delivery Devices Market operations is also included in this report. The Needle-free Drug Delivery Devices Market report offers a complete analysis of competitive dynamics that are modifying and places the patrons ahead of competitors.
Needle-free Drug Delivery Devices Market Segmentation by Major Players:
3M, Akra Dermojet, Antares Pharma, D’Antonio Consultants International Inc., Endo Pharmaceuticals Inc., Penjet Corporation, PharmaJet, Valeritas Inc., and Zogenix Inc.
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Overview of Needle-free Drug Delivery Devices Market Report:
The global needle-free drug delivery devices market is expected to register a CAGR of approximately 9.7% over the forecast period of 2019-2023. Needle-free drug delivery injects the biologics without pain, anxiety, and need for handling the needles, and the market studied is primarily driven by the prevalence of chronic diseases and technological advancements in the field. By region, owing to the presence of a large target population suffering from chronic diseases, improving healthcare infrastructure in several countries, and prospering economies attracting multinational biopharmaceutical companies to invest in India, China, and other South Asian countries, it is estimated that Asia-Pacific has a high-growth potential during the forecast period.
Inclination toward Self-administration of Drugs
As modern lifestyle encourages independence, the way people use medications also gets affected. Self-administration of insulin is the state-of-the-art technology in diabetes care. Although with through technological development, the process is also advancing toward other medical areas, such as oncology and hormone therapy. The recent years have witnessed a high demand for pens and auto-injectors. There are several universities, hospitals, and research centers, which are collaborating and sponsoring the trials for needle-free jet injection across the globe, mainly in the United States, United Kingdom, and China. In the later half of 2017, a spin-out, Portal Instruments of Massachusetts Institute of Technology, collaborated with Takeda Pharmaceuticals, for the development and commercialization of PRIME, for testing antibodies in patients with ulcerative colitis or Crohn’s disease. Therefore, with partnerships and technological advancements, the inclination toward self-administration of drugs is expected to boost the growth of the market studied, over the forecast period.
The other vitals factors driving the market studied are – rising prevalence of chronic diseases and lifestyle disorders and technological advancements in the minimally invasive devices market.
Limitations Associated with Micro-needle Patches
There are considerable limitations associated with micro-needle patches, in practical and economic terms. The micro-needle arrays have a restricted amount of drug that can be coated over a finite surface area of the micro-needle structures, thereby creating issues of adequate physio-chemical properties. In addition, the deposition of polymer in skin due to micro-needle, potential clogging of the needle openings with tissue during skin insertion, and flow resistance due to dense dermal tissue make them undesirable for use. Moreover, the silicon used is expensive and have elaborated fabrication, long fabrication times, and complex multi-step processing. There are several other associated restrictions, creating significant variation in results, based on analysis of the micro-needle penetration. Thus, the barriers associated with the micro-needle patches limit the growth of the needle-free drug delivery devices market, over the forecast period.
Asia-Pacific Offers Significant Opportunities
Asia-Pacific is expected to promise considerable growth opportunities over the forecast period, in the market studied. Large patient pools of chronic diseases, particularly diabetes, cardiovascular diseases, and cancer, are major drivers in the emerging markets. Several universities and research centers across China, Thailand, Vietnam, and South Korea have collaborated with companies or hospitals, to conduct the trials registered in clinicaltrial.gov. These are funded by the governments and companies from the developed markets. Thus, over the forecast period, the region is expected to witness the highest growth rate.
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Further, in the Needle-free Drug Delivery Devices Market research reports, the following points are included along with an in-depth study of each point:
Production Analysis – Production of the Needle-free Drug Delivery Devices is analyzed with respect to different regions, types, and applications. Here, price analysis of various Needle-free Drug Delivery Devices Market key companies is also covered.
Competitors – In this section, various Needle-free Drug Delivery Devices industry-leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Needle-free Drug Delivery Devices Market. Another major aspect, price, which plays an important part in the revenue generation, is also measured in this section for the numerous regions.
Supply and Consumption – In continuation with sales, this section studies supply and consumption for the Needle-free Drug Delivery Devices Market. This part also shelters light on the gap between supply and consumption. Import and export statistics are also given in this part.
Other analyses – Apart from the above-mentioned information, trade and distribution analysis for the Needle-free Drug Delivery Devices Market, the contact information of major manufacturers, suppliers and key consumers is also given. In addition, SWOT analysis for new projects and viability analysis for new investment are included.
Lastly, with a team of vivacious industry professionals, we offer our clients with high-value market research that, in turn, would aid them to decipher new market avenues together with new strategies to take hold of the market share.