Global Vaccine Delivery Devices Market

Vaccine Delivery Devices Market Size, Share, Growth Analysis, By End-user(Hospitals, clinics, and home care settings), By Type(Syringes, jet injectors, and patch injectors), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35B2152 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 63 | Figures: 75

Vaccine Delivery Devices Market Dynamics

Vaccine Delivery Devices Market Drivers

Increasing Vaccine Demand

  • The demand for vaccines has been on the rise due to the ongoing efforts to combat infectious diseases, such as COVID-19 and other preventable illnesses. This demand drives the need for efficient and effective vaccine delivery devices to ensure proper immunization.

Technological Advancements

  • Innovations in vaccine delivery technologies have led to the development of more advanced and user-friendly devices. These innovations include needle-free devices, autoinjectors, microneedle patches, and wearable vaccine delivery systems. These technologies can enhance patient compliance, reduce discomfort, and improve the accuracy of dosage.

Vaccine Delivery Devices Market Restraints

High Costs

  • Developing and manufacturing advanced vaccine delivery devices can involve substantial research and development costs. These costs might be passed on to end-users, including healthcare facilities and patients, potentially limiting the widespread adoption of these devices, particularly in resource-constrained settings.

Regulatory Challenges

  • The medical device industry, including vaccine delivery devices, is subject to stringent regulatory requirements and approvals. Navigating through these regulations and obtaining necessary clearances can be time-consuming and expensive, delaying the market entry of new devices.
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FAQs

Vaccine Delivery Devices Market size was valued at USD 5.33 billion in 2022 and is poised to grow from USD 5.76 billion in 2023 to USD 10.72 billion by 2031, at a CAGR of 8.07% during the forecast period (2024-2031).

The 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 market presence and capitalize on emerging opportunities. 'BD (Becton, Dickinson and Company) - USA', 'Gerresheimer AG - Germany', 'SCHOTT AG - Germany', 'West Pharmaceutical Services, Inc. - USA', 'Terumo Corporation - Japan', 'Vetter Pharma International GmbH - Germany', 'Nipro Corporation - Japan', 'Weigao Group - China', 'Sulzer Ltd. - Switzerland', 'Ypsomed AG - Switzerland', 'Stevanato Group - Italy', 'Catalent, Inc. - USA', 'Ompi (Stevanato Group) - Italy', 'SCHOTT AG - Germany', 'Elcam Medical - Israel', 'AptarGroup, Inc. - USA', 'Datwyler Group - Switzerland', 'Sandoz International GmbH - Switzerland', 'Ciron Drugs & Pharmaceuticals Pvt. Ltd. - India', 'Shandong Weigao Group Medical Polymer Co., Ltd. - China'

The demand for vaccines has been on the rise due to the ongoing efforts to combat infectious diseases, such as COVID-19 and other preventable illnesses. This demand drives the need for efficient and effective vaccine delivery devices to ensure proper immunization.

Innovations in Needle-Free Delivery Systems: The development and adoption of needle-free vaccine delivery systems were gaining momentum. These systems aim to minimize needle-related anxieties and improve patient compliance by delivering vaccines through alternative methods such as jet injectors, microneedle patches, and nasal sprays. These technologies offer the potential to reduce the risk of needle-stick injuries, improve vaccine stability, and enhance the efficiency of vaccination campaigns.

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Global Vaccine Delivery Devices Market

Report ID: SQMIG35B2152

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