(MENAFN- America News Hour) EU-28 had reportedly spent USD 1216 billion which is about 7% of the
total GDP as of 2017.
CRIFAX added a report on 'Global Needle Free Injection System Market, 2019-2028' to
its database of market research collaterals consisting of overall market
scenario with prevalent and future growth prospects, among other growth
strategies used by key players to stay ahead of the game. Additionally, recent
trends, mergers and acquisitions, region-wise growth analysis along with
challenges that are affecting the growth of the market are also stated in the
report.
The growth of the global Needle Free Injection
System market is marked by several factors such as growing number of market
players, increasing expenditure by governments across the world towards
healthcare and other support services which is predicted to boost the growth of
the market over the forecast period i.e. (2019-2028). Additionally, a positive
GDP rate, rise in healthcare spending as a percentage of GDP on a continuous
basis, rapidly growing health insurance and medical tourism gathering pace in
countries such as Philippines, India, Indonesia and Thailand on account of
their comparatively lower costs is driving the demand for Needle Free Injection
System over the forecast period. EU-28 recorded a total expenditure of USD 1216
billion which was about 7% of the total GDP as of 2017.
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Asia Pacific region has reported the highest
consumption for Needle Free Injection System and is offering several
opportunities for established as well as new market players to invest in Needle
Free Injection System market which is anticipated to achieve
significant growth over the forecast period.
The U.S. incurred a per capita health expenditure
of USD 9870 at a growth rate of 3.6% in 2016. The highest expenditure on health
per capita based on Purchasing Power Parity (PPP) was incurred by the United
States of America at USD 8078, by growing at an average of 3.5% in 2016. The
healthcare expenditure per person grew at a CAGR of 4.5% during the period
between 2013 and 2016. The personal disposable incomes in Germany during the
fourth quarter of 2018 rose to USD 560 billion from USD 553 billion in the
previous year. Similarly, France recorded a rise in personal disposable incomes
at USD 411 billion by end of the
first quarter of 2019 as compared to USD 408 billion generated during the
fourth quarter of 2018, which saw a slight decrease of 0.5% in personal
disposable incomes during the quarter.
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To provide better understanding of internal and
external marketing factors, the multi-dimensional analytical tools such as SWOT
and PESTEL analysis have been implemented in the global Needle Free Injection System market report.
Moreover, the report consists of market segmentation, CAGR (Compound Annual
Growth Rate), BPS analysis, Y-o-Y growth (%), Porter's five force model,
absolute $ opportunity and anticipated cost structure of the market.
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