Needle
Free Drug Delivery Devices Market is expected to experience a moderate
growth in coming years between 2014 and 2022. The market is expected to reach
$3.43 billion by 2022 at a significantly growing CAGR of 12.36%. The increasing
cases of chronic diseases such as Hepatitis B, Hepatitis C and AIDS, increasing
need for self-administration of drugs especially in cases of diabetes and
pain-free drug delivery will boost the market growth in the upcoming years. The
incidence of chronic diseases especially AIDS has become a common phenomenon
across the globe. AIDS mainly occur due to extensive and frequent application
of injections to an individual. For instance, as per WHO, the transmission of
diseases through the use of injections has increased more than 19.7% across the
globe. This fact indicates the chance of increasing demand of the market across
the globe. In addition, the technological advancements related to this field
will also enhance the growth of the market over the forecast period. The drug
delivery devices are programmed in such a manner, that it ensures slow and
controlled flow of drug into the body as per patient’s requirement thereby the risk
of side-effects also gets reduced. However, the high cost of devices and lack
of awareness among the general population will restrain the market growth in
the upcoming years. Thus, considering the drivers and restrains, the market is
expected to show moderate growth over the forecast period.
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Competitive Outlook and Trend
Analysis
The key players operating in
the needle free drug delivery devices market emphasize on product development
in order to introduce improved drug delivery devices and capture a larger share
of the market.
Some of the major players in this market
·
Akra DermoJet
·
Antares
Pharma
·
PharmaJet
Inc.
·
Valeritas
Inc.
·
3M, Injex
Pharma AG
·
Penjet
Corporation
Market Opportunities
The key opportunity for the
players operating in needle free drug delivery devices market lies in the
development of various types of cost effective drug delivery devices for better
assistance of the patients. Apart from that, innovative marketing strategies
will further broaden the opportunities of the key players to grow significantly
over the forecast period. In addition, changing lifestyles for drug delivery
devices, will further increase demand of this market, creating a lucrative
opportunities for growth, for the key players of this market.
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Table of Contents
1.Introduction
1.1.Report Description
1.2.Research Methodology
2.Executive Summary
2.1.Key Highlights
3.Market Overview
3.1.Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2.Market Share Analysis
3.3.Market Dynamics
3.3.1. Drivers
3.3.1.1.IncreasingCases of Chronic Diseases
3.3.1.2.Technological Innovation and Low Risk of Getting
Side-Effects
3.3.1.3.Changing Lifestyles and Increasing Adoption
3.3.2. Restraints
3.3.2.1.High Pricing of the Technology
3.3.2.2.Low Awareness among General Population
3.3.3. Opportunities
3.3.3.1.Emerging Markets to Offer Lucrative Growth
Opportunities
3.4.Industry Trends
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