According to a recent FMI analysis, the worldwide Needle-free Injectors Market demand would grow at a 12% CAGR from 2022 to 2032. The market is anticipated to be valued at US$ 42.79 billion by the end of the assessment period. The major driver for the needle-free injector market is faster drug delivery. The growing need for Needle-free Injectors is being driven by increased demand in the healthcare industry as well as expansion in cosmetic procedures.
From 2017 to 2021, the industry grew significantly, with a value CAGR of 8% and a total value of US$ 12.3 billion. The usage of technologically improved spring-loaded jet injectors is boosting market expansion. Furthermore, official approvals to maximise the usage of Needle-free Injectors are increasing demand for the same.
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Geographically, the United States is the leading contributor to the Needle-free Injectors market. This is due to the region’s increasing prevalence of chronic diseases. The existence of healthcare sectors in Germany, Japan, and China is further hastening the adoption of Needle-free Injectors. The growing preference for minimally invasive operations will drive up sales of Needle-free Injectors in the coming years.
Key Takeaways from the Market Study
- The projectile injections load type sector is predicted to grow at a CAGR of 13.9% throughout the projection period.
- Spring-loaded jet injectors will lead the market in terms of technology, accounting for 47.1% of sales in 2022.
- By application, drug delivery is predicted to be the market leader, accounting for 65.0% of revenue in 2022.
- Reusable Needle-free Injectors are estimated to dominate the market in 2022, accounting for 79.5% of revenue.
- Hospitals are predicted to be the leading end-user, accounting for more than 33.4% of the market throughout the forecast period.
- The United States is predicted to be the leading market in North America, accounting for more than 94.0% of the market in 2022.
- 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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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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