The use of biosimilars is increasing in the treatment of various ailments such as cancer, hepatitis, diabetes, and several other acute and chronic diseases. With the rising prevalence of these illnesses, the need for biosimilars is also increasing, which is presenting a huge opportunity for pharmaceutical & MedTech manufacturers to develop innovative delivery solutions for biosimilars. As several biosimilars and vaccines are administered through injections, the use of needle-free injection technology can provide an easy-to-use and safe method for administering biosimilars without a traditional injection apparatus or skilled staff. Further, many biopharmaceutical manufacturers, vaccine companies, and needle-free device manufacturers are entering into strategic acquisitions and collaborations to leverage the growth potential in the vaccine market. Therefore, the launch of effective and safe drug delivery devices using needle-free injection technology may boost the market growth in the coming years. For instance, in January 2019, Enesi Pharma and Geovax collaborated on multiple vaccines administered using Implavax needle-free injection devices. Also, in August 2021, PharmaJet partnered with Zydus Cadila for the world’s first plasmid DNA COVID-19 vaccine delivery via needle-free injection. In addition, the company also partnered with Abnova to produce and supply the COVID-19 mRNA vaccine using needle-free injection technology. Many patients have a phobia for needles, which has led to the low demand for injectable devices; as a result, many companies are now aiming to develop needle-free injectors with effective and painless solutions. Thus, all these factors encouraging the ease-to-use benefit of these injectors will provide more opportunities for the companies to develop innovative products, which is expected to boost the growth of the Europe needle-free injection systems market during the forecast period.
The Europe needle-free injection systems market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Countries such as France and Germany are expected to be the most significant contributors to the needle-free injection system market due to needlestick injuries and diabetes in the region. International Diabetes Federation (IDF) estimated that diabetes prevalence (9.2%) and the number of people with diabetes (61 million) in Europe will increase by 13% by 2045. Sharps injuries, particularly needlestick injuries, increase the risk of potentially life-threatening infections. Every year in Europe, approximately 1.2 million needlestick injuries are suffered by healthcare staff. More than 30 dangerous blood-borne pathogens are transmitted by contaminated needles, including hepatitis B, hepatitis C, and HIV.
Further, Germany is one of the key economies of the European region in terms of revenue generation and future opportunities for the needle-free injection system market. The increasing need for self-administration of drugs in the case of diseases such as diabetes has enhanced the size of the needle-free drug delivery devices industry in Germany. Further, as the prevalence of asthma and other diseases increases across Germany, the demand for inhalers is also expected to rise, which, in turn, drives the needle-free injection system market growth.
Strategic insights for the Europe Needle-Free Injection Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 43.78 Million |
Market Size by 2028 | US$ 114.76 Million |
Global CAGR (2022 - 2028) | 17.4% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Product
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
The geographic scope of the Europe Needle-Free Injection Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe needle-free injection systems market is segmented on the basis of product, technology, type, durability, and country. Based on product, the Europe needle-free injection systems market is bifurcated into fillable needle-free injectors and prefilled needle-free injectors. The fillable needle-free injectors segment held a larger share of the market in 2022.
Based on technology, the Europe needle-free injection systems market is segmented into jet-based needle-free injectors, spring-based needle-free injectors, microarray patch injectors, and others. The jet-based needle-free injectors segment registered the largest share of the market in 2022.
Based on type, the Europe needle-free injection systems market is segmented into liquid-based needle-free injectors, projectile-based needle-free injectors, and powder-based needle-free injectors. The liquid-based needle-free injectors segment registered the largest share of the market in 2022.
Based on durability, the Europe needle-free injection systems market is bifurcated into disposable and reusable. The reusable segment held a larger share of the market in 2022.
Based on site of delivery, the Europe needle-free injection systems market is segmented into subcutaneous injectors, intramuscular injectors, and intradermal injectors. The subcutaneous injectors segment held the largest share of the market in 2022.
Based on application, the Europe needle-free injection systems market is segmented into vaccine delivery, insulin delivery, oncology, pain management, dermatology, and others. The vaccine delivery segment held the largest share of the market in 2022.
Based on end user, the Europe needle-free injection systems market is segmented into hospitals, home care settings, research laboratories, pharmaceutical and biotechnology companies, and others. The hospitals segment held the largest share of the market in 2022.
Based on country, the Europe needle-free injection systems market is segmented into Germany, France, Italy, Spain, the UK, and the Rest of Europe. Germany dominated the market in 2022.
Aijex Pharma International Inc., Crossject, Ferring B.V., Medical International Technologies (MIT Canada) Inc., NuGen Medical Devices, and Zealand Pharma A/S are the leading companies operating in the Europe needle-free injection systems market.
The Europe Needle-Free Injection Systems Market is valued at US$ 43.78 Million in 2022, it is projected to reach US$ 114.76 Million by 2028.
As per our report Europe Needle-Free Injection Systems Market, the market size is valued at US$ 43.78 Million in 2022, projecting it to reach US$ 114.76 Million by 2028. This translates to a CAGR of approximately 17.4% during the forecast period.
The Europe Needle-Free Injection Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Needle-Free Injection Systems Market report:
The Europe Needle-Free Injection Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Needle-Free Injection Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Needle-Free Injection Systems Market value chain can benefit from the information contained in a comprehensive market report.