According to a new FMI report, the global Needle-free Injectors Market Demand will develop at a 12% CAGR between 2022 and 2032. By the end of the assessment period, the market is expected to be worth US$ 42.79 billion. Faster drug delivery is the primary driver of the needle-free injector business. Increased demand in the healthcare business, as well as expansion in cosmetic procedures, are driving the growing demand for Needle-free Injectors.
The industry grew significantly from 2017 to 2021, with an 8% value CAGR and a total value of US$ 12.3 billion. The use of technologically advanced spring-loaded jet injectors is driving market growth. Furthermore, regulatory approvals to increase the use of Needle-free Injectors are driving up demand.
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Geographically, the United States is the largest contributor to the market for Needle-free Injectors. This is because chronic diseases are becoming more prevalent in the region. The existence of healthcare sectors in Germany, Japan, and China hastened the adoption of Needle-free Injectors even more. Needle-free Injector sales will increase in the coming years due to the increased inclination for minimally invasive procedures.
Key Takeaways from the Market Study
- During the forecast period, the projectile injections load type sector is expected to develop at a CAGR of 13.9%.
- In terms of technology, spring-loaded jet injectors will lead the market, accounting for 47.1% of sales in 2022.
- Drug delivery is expected to be the market leader by application, accounting for 65.0% of revenue in 2022.
- In 2022, reusable needle-free injectors are expected to dominate the market, accounting for 79.5% of sales.
- Throughout the projection period, hospitals are expected to remain the leading end-user, accounting for more than 33.4% of the market.
- The United States is expected to be the largest market in North America in 2022, accounting for more than 94.0% of the market.
- Germany is expected to dominate the Europe, holding 29.4% Europe’s market share through 2032
- Japan is projected to hold over 34% share in the East Asia market, exhibiting growth at a CAGR of 11.7% during the forecast period
- China led the East Asia market with more than 46.8% share and is projected to expand at a CAGR of 12.0% through 2032.
“The healthcare sector along with the cosmetic industry are the largest contributors to Needle-free Injectors market. Increasing demand for minimally-invasive surgeries is further accelerating the demand for Needle-free Injectors” states an FMI analyst
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Market Competition
Key players in the Needle-free Injectors market are Gerresheimer AG, Pfizer Inc., Antares Pharma, CSL Limited (Seqirus UK Limited), Crossject, Portal Instruments, Ferring Pharmaceuticals, PharmaJet Inc., PenJet Corporation
- The University of Adelaide commenced the human trial of omicron COVID vaccination booster using Pharma-Jet needle-free technology in August 2022. Furthermore, the vaccines were administered utilising the PharmaJet Tropis NFIS.
- Portal Instruments, a global leader in Needle-free Injectors, is working on developing Needle-free Injectors for various chronic conditions as well as raising awareness about painless injections.
Key Segments Profiled In The Needle-free Injectors Market Industry Survey
Needle-free Injectors Market by Load:
- Needle-free Injectors by Liquid Injections
- Needle-free Injectors by Powder Injections
- Needle-free Injectors by Projectile Injections
Needle-free Injectors Market by Technology:
- Needle-free Injectors by Spring-loaded jet injector
- Needle-free Injectors by Battery-powered jet injector
- Needle-free Injectors by Gas-powered jet injector
Needle-free Injectors Market by Delivery Site:
- Needle-free Injectors by Intra dermal injectors
- Needle-free Injectors by Intramuscular injectors
- Needle-free Injectors by Subcutaneous injectors
Needle-free Injectors Market by Application:
- Needle-free Injectors by Drug Delivery
- Needle-free Injectors by Vaccines
- Needle-free Injectors by Cosmetic
- Needle-free Injectors by Others
Needle-free Injectors Market by End User:
- Needle-free Injectors by Home Care Settings
- Needle-free Injectors by Long Term Care Centers
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