According to the recent study the needle-free injection system market is projected to reach an estimated $6.0 billion by 2030 from $2.1 billion in 2023, at a CAGR of 15.0% from 2023 to 2030. Growth in this market is primarily driven by growing prevalence of chronic diseases, the increasing incidence of communicable diseases due to needle stick injuries, and rise in demand for self-injection devices.
A more than 150-page report to understand trends, opportunities and forecast in needle-free injection system market by product (fillable needle-free injectors and prefilled needle-free injectors), technology (jet-based needle-free injectors, etc.), usability (reusable and disposable needle-free injectors), type of medication (liquid-based needle-free injectors, powder-based needle-free injectors, etc.), site of delivery (intradermal injectors, intramuscular injectors, etc.), application (vaccine needle-free delivery, insulin needle-free delivery, etc.), end users (hospitals and clinics, homecare settings, etc.), and regions.
Based on technology, the needle-free injection system market is segmented into jet-based needle-free injectors, spring-based needle-free injectors, laser-powered needle-free injectors, and vibration-based needle-free injectors. Lucintel forecasts that the jet-based needle-free injector market is expected to remain the largest segment accounted for the largest share as it helps in preventing needlestick injuries to healthcare providers and overcomes the drawbacks of improper and unsterile reuse of needles & syringes.
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Based on product the prefilled needle-free injectors segment is expected to witness the highest growth over the forecast period due to the majority of these prefilled syringes are automated and thus reducing the risk of physical handling and ensuring a safer use.
North America is expected to remain the largest market during the forecast period mainly due growing prevalence of chronic disease and rising demand for self-injection systems contribute to North America driving the market. APAC is likely to witness the highest growth over the forecast period due to the expansion of private-sector hospitals and clinics to rural areas, the availability of low-cost labor for manufacturing.
Major players of needle-free injection system market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Endo International plc, Ferring Pharmaceuticals, Penjet Corporation, Medical International Technology Inc., PharmaJet are among the major needle-free injection system providers.
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Lucintel
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