USD 5.33 billion
Report ID:
SQMIG35B2152 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
63
|Figures:
75
Vaccine Delivery Devices Market size was valued at USD 5.76 Billion in 2023 and is poised to grow from USD 6.22 Billion in 2024 to USD 11.59 Billion by 2032, growing at a CAGR of 8.07% during the forecast period (2025-2032).
The global vaccine delivery devices market is witnessing significant growth due to increasing vaccination efforts and the need for efficient administration.
Key factors such as expanding immunization programs, advancements in needle technologies, and rising awareness about preventive healthcare drive market expansion.
Maintaining the integrity of vaccines through proper temperature control during storage and transportation, known as the cold chain, remained a significant concern.
Innovations in vaccine delivery devices aimed to ensure that vaccines could be transported and stored under appropriate conditions, especially in regions with limited access to reliable refrigeration infrastructure.
Developments in temperature-stable formulations and packaging solutions helped extend the reach of vaccines to remote areas.
Auto-disable syringes, safety needles, and prefilled syringe systems are gaining traction to ensure safe and accurate vaccine delivery.
Geographically, North America and Europe dominate the market, but Asia-Pacific exhibits promising potential. As demand for vaccines rises, the market is expected to further evolve with a focus on innovative, user-friendly, and cost-effective delivery solutions.
US Vaccine Delivery Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.33 billion
Largest Segment
syringes
Fastest Growth
jet injectors
Growth Rate
8.07% CAGR
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The global vaccine delivery devices market can be segmented based on type, end-user, and region. In terms of type, it includes syringes, jet injectors, and patch injectors. The market serves various end-users such as hospitals, clinics, and home care settings. Geographically, the market is divided into regions like North America, Europe, Asia Pacific, and others.
Vaccine Delivery Devices Market Analysis By End-user
Hospitals & Clinics were likely the largest end-user segment for vaccine delivery devices. These settings are critical for routine immunizations, emergency vaccinations, and mass vaccination campaigns.
Homecare Settings might have been one of the fastest-growing segments. The demand for self-administered vaccines and the convenience of receiving vaccinations at home could have driven the growth of this segment.
Vaccine Delivery Devices Market Analysis By Type
The largest segment in the vaccine delivery devices market is traditional syringes. They have been the primary method for vaccine administration for many years and are widely used globally. However, there has been a growing interest in newer, more advanced devices due to factors such as patient comfort, safety, and ease of use.
The fastest-growing segments in the vaccine delivery devices market were likely the needle-free injectors and autoinjectors. These segments were gaining traction due to their advantages in terms of reducing the fear of injections, minimizing needle stick injuries, and enabling self-administration for certain vaccines.
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The largest application segment for activated carbon fibers has historically been air purification. With increasing concerns about indoor air quality and pollution, the demand for air purification systems that utilize activated carbon fibers for effective VOC and odor removal has been on the rise.
The fastest-growing application segment can vary depending on trends and technological advancements. Water treatment has shown potential for significant growth due to increasing awareness of water pollution and the need for clean water sources. Additionally, the medical and healthcare sector could also experience growth as researchers explore innovative ways to use activated carbon fibers in drug delivery systems and wound care applications.
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Vaccine Delivery Devices Market Drivers
Increasing Vaccine Demand
Technological Advancements
Vaccine Delivery Devices Market Restraints
High Costs
Regulatory Challenges
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The global vaccine delivery devices market features intense competition among prominent players, including BD (Becton, Dickinson and Company), Gerresheimer AG, West Pharmaceutical Services, Inc., and Schott AG. These industry leaders continually innovate and diversify their product portfolios, offering a wide range of advanced and user-friendly devices such as syringes, auto-injectors, and needle-free injectors. Emphasis on technological advancements, safety, and precision drives this competition, aimed at capturing larger market shares and meeting the growing demand for efficient vaccine administration worldwide. Additionally, collaborations, acquisitions, and strategic partnerships are common strategies employed to enhance global market presence and capitalize on emerging opportunities.
Vaccine Delivery Devices Market Top Player’s Company Profiles
Vaccine Delivery Devices Market Recent Developments
In November 2023, medical technology company BD formed a strategic, public-private partnership with the US federal government to develop new manufacturing lines for the production of hundreds of millions of injection devices. The partnership with the Biomedical Advanced Research and Development Authority (BARDA), part of the U.S. Health and Human Services Office of the Assistant Secretary for Preparedness and Response, will provide the US government with priority access to syringes and needles to support current and future pandemic vaccination efforts, according to a news release on the BD website.
In September 2023, Satio announced that the US National Institutes for Health Agency awarded it a $3.5 million Small Business Innovation Research (SBIR) contract to develop at-home transdermal drug delivery device.
In June 2023, PharmaJet announced that its Tropis system is now the exclusive intradermal delivery system for two novel COVID-19 vaccines.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global vaccine delivery devices market is poised for promising growth as the world prioritizes immunization against various diseases. With the ongoing development of advanced delivery technologies, including needle-free injectors, microneedle patches, and wearable devices, the market is set to witness increased efficiency, reduced pain, and improved accessibility to vaccines. Rising global health awareness, government initiatives, and expanding vaccination programs will further drive demand. However, challenges related to distribution infrastructure in remote areas and cost concerns may impact adoption. Overall, the market's future holds potential for innovation and collaboration to ensure widespread, effective vaccine administration.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 5.33 billion |
Market size value in 2031 | USD 10.72 billion |
Growth Rate | 8.07% |
Base year | 2023 |
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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Vaccine 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 Vaccine 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vaccine Delivery Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vaccine 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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Report ID: SQMIG35B2152
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