Needle-Free Drug Delivery Devices Market Poised for Exponential Growth, Expected to Reach $25.88 Billion by 2028
Needle-Free Drug Delivery Devices Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033
The Business Research Company’s Needle-Free Drug Delivery Devices Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033
LONDON, GREATER LONDON, UK, June 20, 2024 /EINPresswire.com/ -- The needle-free drug delivery devices market3 has experienced exponential growth, projected to rise from $14.99 billion in 2023 to $16.70 billion in 2024, with a compound annual growth rate (CAGR) of 11.4%. This growth in the historic period can be attributed to factors such as increased prevalence of chronic diseases, rising demand for painless drug delivery methods, and regulatory support for needle-free technologies.
Diabetes As A Catalyst Is Driving Growth In The Needle-Free Drug Delivery Devices Market
The increasing prevalence of diabetes globally is expected to drive significant growth in the needle-free drug delivery devices market. Diabetes, characterized by high blood sugar levels, has become more prevalent due to factors like sedentary lifestyles, poor dietary habits, and an aging population. Needle-free drug delivery devices offer alternatives to conventional injections, particularly for insulin administration, reducing discomfort and anxiety associated with needles. According to the International Diabetes Federation, the number of individuals living with diabetes is projected to reach 643 million by 2030, highlighting the critical role of needle-free technologies in managing this chronic condition.
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Major Players and Market Trends
Leading companies in the needle-free drug delivery devices market, including Pfizer Inc., Merck & Co. Inc., and Medtronic plc, are focusing on innovations such as dual chamber inhalers to enhance treatment efficacy and patient convenience.
Advancements In Dual Chamber Inhalers Revolutionize The Needle-Free Drug Delivery Market
Innovations in dual chamber inhalers are transforming the needle-free drug delivery market by enabling the combination of multiple medications in a single device. This technology not only simplifies treatment regimens but also improves patient adherence and healthcare efficiency. The BerryHaler exemplifies these advancements with its all-plastic construction, precise dose counter, and user-friendly design, catering to complex inhalation therapies.
Segments:
• Device Type: Inhalers, Jet Injectors, Novel Needles, Transdermal Patches, Other Device Types
• Application: Pain Management, Vaccine Delivery, Pediatric Injections, Insulin Delivery, Other Applications
• End-User: Hospitals And Clinics, Home Healthcare
Region Insights: Asia-Pacific Leading the Market
While North America dominated the needle-free drug delivery devices market in 2023, Asia-Pacific is anticipated to exhibit the fastest growth during the forecast period. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
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Needle-Free Drug Delivery Devices Global Market Report 20242 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Needle-Free Drug Delivery Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on needle-free drug delivery devices market size, needle-free drug delivery devices market drivers and trends, needle-free drug delivery devices market major players, competitors' revenues, market positioning, and market growth across geographies. The needle-free drug delivery devices market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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