USD 13.99 Billion
Needle-free Drug Delivery Devices Market Size, Share, Growth Analysis, By Technology(Jet injectors, Transdermal patches, and Inhalation-based systems), By End-user(Hospitals and Clinics to Home Healthcare Settings), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2250 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
74
Needle-free Drug Delivery Devices Market Insights
Global Needle-free Drug Delivery Devices Market size was valued at USD 13.99 Billion in 2022 and is poised to grow from USD 14.94 Billion in 2023 to USD 25.29 Billion by 2031, at a CAGR of 6.8% during the forecast period (2024-2031).
The healthcare industry can be transformed thanks to the global needle-free drug delivery devices market. Its pivotal role in potentially changing the healthcare sector for good has driven its growth in recent times. The market has gone through a period of substantial growth. These devices erase the need for traditional needles in administration of drugs. It removes the risk of needle-related issues and reduces patient pain entirely.
The healthcare sector is seeking pain-free and patient friendly methods of drug administration. This demand is prevalent in cases of chronic illnesses like autoimmune disorders and diabetes. This need has fueled market growth. Other factors that drive market expansion are the need for self-injected medications and the increasing geriatric populace.
Transdermal patches and jet injectors are some of the innovative technologies that have been developed by the medical field. These segments have largely contributed to market growth. The precision and convenience they offer have fueled their popularity in the market.
Healthcare facilities have typically led the end-user category in the market. This segment prioritizes the comfort of the patient and wants to offer painless drug administration in exchange for their compliance. This has helped the segment retain its place in the market. However, homecare settings are quickly gaining traction in the market.
The market is also experiencing substantial growth with new technologies flowing into the market. These include inhalable drug delivery systems, along with jet injectors and transdermal patches. The growing emphasis on patient comfort and care has served the demand for needle-free drug delivery. Conversely, market growth can be inhibited due to high expensive development costs and regulatory issues.
The evolution of the healthcare sector across the globe ensures the continued expansion of this market. The needle-free drug delivery devices market has the potential to improve efficiency of drug delivery and enhance patient care.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals and Clinics
Fastest Growth
Home Healthcare
Growth Rate
6.8% CAGR
Global Needle-free Drug Delivery Devices Market ($ Bn)
Country Share for North America Region (%)
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Needle-free Drug Delivery Devices Market Segmental Analysis
Inhalation-based systems, transdermal patches, and jet injector come under the market segment of technology. The major regions in this market are North America, Europe, and Asia-Pacific. The market’s end-users include hospitals, clinics, and home healthcare settings.
Analysis By Technology
The two segments that have the highest contribution to the market are jet injectors and transdermal patches. The former category makes use of high-pressure streams of liquid that painlessly piece the skin and deliver the therapy drugs without the use of needles. Their convenience and accuracy have fueled their popularity. They are especially suitable for insulin and vaccine administration. Its painless and efficient method of injecting medications directly into the system have driven this segment’s growth.
Transdermal patches are witnessing steady growth in the market. This is a result of the extended drug release abilities, coupled with its ease of use. Applications that have adopted it extensively are smoking discontinuation, hormone therapy, and pain management. As consumers shift to long-acting and non-invasive drug administration, this category is predicted to stay on its path of rapid growth.
Analysis By End-user
Healthcare facilities hold the largest share of the market when it comes to end-users. Healthcare centers like clinics and hospitals have stocked up on needle-free drug delivery devices. This is because they need the pain-free precision these tools offer in drug administration to guarantee patient comfort and compliance.
However, homecare has brought in the title of the fastest growing segment. Patients tend to treat chronic conditions at home and needle-free drug delivery is essential for proper injection of medication. This segment’s growth was boosted during the COVID-19 pandemic.
Global Needle-free Drug Delivery Devices Market By End-user
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Needle-free Drug Delivery Devices Market Regional Insights
The market’s dominant region is North America. Its increased usage of innovative technologies in the field of medicine and a well-established healthcare infrastructure has steeled its top market position. Other factors that contribute to North America’s supremacy are its supportive regulatory framework and continuous R&D efforts.
North America may hold the largest market share, but the APAC region is growing quickly. Asia-Pacific is on the rise in the market due to several factors. One of them is the growing awareness of the benefits of needle-free drug delivery systems. Others include its surge in healthcare expenditure and a higher number of older individuals in the overall population. India and China contribute to the region’s substantial growth. Their large patient base and better access to healthcare have made sure of that.
Global Needle-free Drug Delivery Devices Market By Region
- Largest
- Fastest
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Needle-free Drug Delivery Devices Market Dynamics
Drivers
- Advancements in Technology: The market has seen the entry of new devices which are more precisely efficient. This is because of the continuous improvements in needle-free drug delivery technology. The introduction of advanced devices like transdermal patches, along with micro-needles and jet injectors, has been made possible with this development. These new technologies can be applied to many cases. These tools are only becoming more precise and are suited to varying applications as technology keeps developing.
- Patient Comfort and Convenience: Traditional injections could be painful with a risk of infection. The needle-free drug delivery devices market offers products which are more convenient and cause less pain. This has surged the usage of these devices. Chronic illness patients are favoring these products over conventional methods as they need frequent administration of drugs. Patients are now comfortable enough to continue their treatments. This improvement in patient treatment and compliance improves their outcomes, driving market growth.
Restraints
- Regulatory Challenges: The industry for medical devices has always been governed by strict regulations. This includes the needle-free drug delivery products. The approval process can be dragged out and complicated. Though they are necessary for patient safety and injection efficiency, they can be problematic. Adhering to the standards and waiting around for approvals can increase development expenses and delay production and distribution.
- Cost and Reimbursement Issues: Needle-free tools can rack up substantial bills compared to traditional syringes. The high costs can hinder adoption, especially in facilities with tighter budgets or scarce financial resources. Healthcare centers cannot depend on reimbursement policies to cover the full cost of these devices. That can hinder their use, reducing their access to patients that may need it.
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Needle-free Drug Delivery Devices Market Competitive Landscape
The global needle-free drug delivery devices market is defined by its competitive environment. This landscape includes all market players striving to gain the largest market share. This intense competition has driven the market’s growth. Some industry leaders include 3M, Pfizer, Johnson & Johnson, and Medtronic. These companies dominate the market. They have achieved this by using their best advantages. They include tremendous R&D efforts and a wide range of products.
The market is open to other contenders, driving further competition. Up-and-coming participants, such as Zogenix and Portal Instruments, are also making their mark on the market. They are able to do so with the introduction and use of innovative technologies. In order to spread their global presence and introduce more products into the market, players employ several tactics. One of these is the formation of alliances and collaborations to drive innovation. R&D investments are being made to create more patient-friendly and specialized drug delivery systems.
The compliance with rigid guidelines and safety requirements is crucial, That’s why regulatory standards and approvals heavily influence market growth. The competition in this market is heating up with continuous innovation and partnerships. Market players continue to secure a market share by meeting the needs for convenient and pain-free drug delivery techniques.
Top Player’s Company Profiles
- Becton, Dickinson and Company (BD) (USA)
- Zogenix (USA)
- Pfizer Inc. (USA)
- Bespak Europe Ltd. (UK, a subsidiary of AptarGroup)
- Janssen Pharmaceuticals (Belgium, subsidiary of Johnson & Johnson)
- PharmaJet (USA)
- 3M (USA)
- National Medical Products Inc. (NMP Pharma) (USA)
- Antares Pharma (USA)
- Crossject (France)
- Novartis AG (Switzerland)
- Bioject Medical Technologies Inc. (USA)
- Pharmajet (USA)
- Astrazeneca (UK)
- Eli Lilly and Company (USA)
- MedImmune (USA, a subsidiary of AstraZeneca)
- Genentech (USA, a subsidiary of Roche)
- Inovio Pharmaceuticals (USA)
- Valeritas (USA)
Recent Developments
- PharmaJet is a leading biotech company in needle-free injection technology. The leading jet injector provider was bought by Penjet Corporation in February 2023. Penjet Corporation is a private company specializing in proprietary drug delivery systems and a manufacturer of needle-free injectors. This purchase will make Penjet a key player in the needle-free drug delivery market. They can achieve this by broadening their product range.
- Antares Pharma is a specialized pharma product development company that focuses on self-injection, pharmaceutical products and technologies. This company bought Apostrophe in January 2023. Apostrophe is a development company that focuses on the design and development of microneedle-based drug delivery patches. This purchase will grant Antares Pharma access to the microneedle-based drug delivery market. They can do so by widening the range of their product offerings.
Needle-free Drug Delivery Devices Key Market Trends
- Expanding Applications in Healthcare: The market was witnessing a notable trend. Drug delivery devices that didn’t use needles could be applied elsewhere apart from traditional insulin and vaccines delivery. The market also served specialized therapeutics and biologic in addition to its previous purposes. Technological advancements can be credited for the use of these devices in additional applications. As the requirement for controlled and accurate drug administration persists, the market can expect further innovations and uses.
- Growing Demand for Pain-Free Drug Delivery: Traditional needle-based injections were going out of style due to shift in consumer preference. Needle-free drug delivery devices were taking over to replace the conventional method. This has resulted from consumers now asking for painless options in drug administration. This is more common in patients suffering from chronic illnesses. This development has fed the demand for needle-free drug delivery tools. These tools include, but are not restricted to, transdermal patches and jet injectors. They were preferred as they are capable of delivering medication directly into the system without causing any needle-related pain.
- Technological Advancements: Another market trend was seeing a change in the needle-free drug delivery industry. That is the non-stop innovation in this industry’s technology. This trend has resulted in major improvement in product design. These designs ensure better precision and usability, guaranteeing compliance of the patients. Other developments had also been witnessed by the market. These advanced devices could deliver a higher volume or greater viscosities of medication. This made them a nice fit for several medications and their administration.
Needle-free Drug Delivery Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Based on our analysis, the global market for needle-free drug delivery devices will grow substantially in the near future. There are multiple reasons for this predicted expansion. One of these is the shift in consumer preference to demanding pain-free administration of medicine. Other factors fueling growth are technological advancements and increasing need for self-injected treatments. The accuracy and convenience offered by these devices in the injection of drugs has resulted in market growth. Additionally the reduction of needle-related risks and guaranteeing patient compliance has also raised the demand in this market.
There are some other factors that are raising the expansion rate of this market. They include the rising incidence of chronic diseases. This surge could be a result of the growing population of older individuals. The market is also making substantial investments in R&D to target innovation. This has resulted in new product entrants in the market. Market players are also collaborating to ensure serving a variety of applications and enhance health outcomes.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 13.99 Billion |
| Market size value in 2031 | USD 25.29 Billion |
| Growth Rate | 6.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Needle-free Drug Delivery Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Needle-free Drug Delivery Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Needle-free Drug Delivery Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Needle-free Drug Delivery Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Needle-free Drug Delivery Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Needle-free Drug Delivery Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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