Needle Free Injectors Market Is Expected To Reach A Revenue Of USD 2,980.9 Million By 2033, At 8.1% CAGR: Dimension Market Research

(MENAFN- GlobeNewsWire - Nasdaq) Advancements and Projections in the Needle-Free Injectors Market: Insights, Trends, Opportunities, and Recent Developments

New York, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Market Overview

The Global Needle Free Injectors Market is projected to grow from USD 1,478.9 Million in 2024 to USD 2,980.9 Million by 2033, at a CAGR of 8.1% .

These injectors deliver medications and vaccines without traditional needles, using high-pressure technology to penetrate the skin, reducing pain and needle-related risks. They are used for insulin delivery, vaccinations, and growth hormone administration. The adoption of advanced drug delivery technologies is driving market growth.

The US Needle-Free Injectors Market

In the US, the needle-free injectors market is expected to grow from USD 645.6 million in 2024 to USD 1,249.0 million by 2033, at a CAGR of 7.6% .

The increasing prevalence of diabetes and cancer, demand for painless drug delivery methods, patient comfort, regulatory support for innovative medical devices, and the shift toward home-based healthcare are fueling this growth. Technological advancements are also enhancing the appeal of needle-free injectors among patients and healthcare providers.

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Important Insights

• Market Expansion: The global needle-free injectors market is projected to grow by USD 1,394.7 million , with a CAGR of 7.8% from 2025 to 2033.
• Product Leadership: Fillable injectors are expected to lead the global market with the highest revenue share in 2024.
• Technology Dominance: Gas-powered technology is anticipated to dominate the global market in 2024, holding a significant revenue share of 36.0% .
• Usability Analysis: The reusable segment is forecasted to command a substantial share of the needle-free injector market in 2024.
• Type Overview: Liquid-based injectors are predicted to achieve the highest revenue share in the global market for needle-free injectors in 2024.
• Application Insights: Vaccine delivery is projected to be a leading application segment in the global needle-free injectors market in 2024.
• Delivery Site Analysis: Subcutaneous delivery sites are expected to dominate the market, accounting for 50.9% of the revenue share in 2024.
• End User Overview: Hospitals are set to lead the global needle-free injectors market in revenue terms, with a 47.9% share in 2024.
• Regional Analysis: North America is predicted to dominate the global needle-free injectors market, holding the highest market share of 51.3% in 2024.

Latest Trends

• Needle-free injection technology is now utilized in veterinary medicine and cosmetic procedures, expanding beyond traditional hospital settings. This broader application has significantly increased the demand for needle-free injectors in the healthcare, cosmetic, and veterinary industries.
• The growing prevalence of diabetes and the need for more patient-friendly administration methods are driving the adoption of needle-free injectors. It improves patient compliance and reduces needle phobia among diabetic patients.

Competitive Landscape

• Major market players are innovating their products and engaging in mergers and acquisitions to enhance their product portfolios and maintain competitiveness.
• Key companies in the needle-free injectors market include Gerresheimer AG, Pfizer Inc., Halozyme, CSL Limited (Seqirus UK Limited), Crossject, Portal Instruments, Ferring Pharmaceuticals, PharmaJet Inc., and PenJet Corporation. These players are focusing on expanding their brands into emerging regions and updating their product offerings.
• Manufacturers are employing various expansion strategies, including acquisitions, new product launches and approvals, agreements, partnerships, and collaborations to strengthen their market position.

Some of the prominent market players:

• PharmaJet
• Crossject
• Portal Instruments
• NuGen Medical Devices
• Inovio Pharmaceuticals
• Antares Pharma, Inc
• Aijex Pharma International Inc.
• Ferring B.V.
• Penjet Corporation
• Medical International Technology Inc.
• Other Key Players

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Needle-Free Injectors Market Scope

Report Highlights	Details
Market Size (2024)	USD 1,478.9 Mn
Forecast Value (2033)	USD 2,980.9 Mn
CAGR (2024-2033)	8.1%
North America Revenue Share	51.3%
The US Market Size (2024)	USD 645.6 Mn
Historical Data	2018 - 2023
Forecast Data	2025 - 2033
Base Year	2023
Estimate Year	2024
Segments Covered	By Product, By Technology, By Usability, By Injector Type, By Application, By Delivery Site, By End User
Regional Coverage	North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Market Analysis

Gas-powered needle-free injectors are projected to lead the market with a 36.0% share by 2024, thanks to their versatility spanning transdermal, subcutaneous, and intramuscular applications.

Gas-powered injectors' popularity stems from improved dosage accuracy, rapid drug delivery speed, and faster patient responses as well as greater drug diffusion into tissues - key features required in both routine and emergency healthcare scenarios.

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Global Needle-Free Injectors Market Segmentation

By Product

• Fillable
• Prefilled

By Technology

• Spring-based Injectors
• Gas-powered Injectors
• Laser-powered Injectors
• Vibration-based Injectors

By Usability

• Reusable
• Disposable

By Type

• Liquid-based Needle Free Injectors
• Powder-based Needle Free Injectors
• Projectile/depot-based Needle Free Injectors

By Application

• Vaccine Delivery
• Insulin Delivery
• Pain Management
• Others

By Delivery Site

• Subcutaneous
• Intramuscular
• Intradermal

By End User

• Hospitals
• Clinics
• Home Care Settings
• Research Laboratories
• Others

Drivers

• The needle-free injector market presents a convenient, painless alternative to traditional needle-based methods for medication delivery. These devices are used to treat various conditions and are expected to grow due to the increasing prevalence of chronic diseases like osteoporosis and diabetes.
• They provide a pain-free option compared to traditional needles, benefiting patients who are needle-phobic or experience discomfort. The rise in patient preference for painless drug delivery systems contributes to the market's growth.

Restraints

• Concerns about the effectiveness, safety, and reliability of these devices may hinder their acceptance among healthcare providers and patients, thus, restraining the growth of this market.
• Needle-free injectors typically have a higher cost compared to conventional needle-based systems. The initial investment and ongoing maintenance costs can limit their use, particularly in low-income areas or budget-constrained healthcare settings, which could impede market growth.

Opportunities

• Government initiatives to advance healthcare systems are boosting demand for needle-free injectors. These initiatives aim to increase adoption in households, hospitals, and independent laboratories, presenting growth opportunities for the market.
• Investment in research and development is expected to be a key growth driver for the needle-free injectors market, supported by both developed and emerging economies.
• Ongoing advancements in medical device technology and innovations in product design are creating opportunities for the growth of the market.

Regional Analysis

North America is predicted to lead the needle-free injectors market with a revenue share of 51.3% by 2024, due to an abundance of major market players located there as well as rising chronic & lifestyle-related disease incidence. Further, self-administration of medications within both North America & Canada should propel market expansion in these two regions.

Asia-Pacific should experience rapid expansion during its forecast period due to rapidly developing healthcare sectors like those found in China & India combined with rapidly rising life expectancies, rising per capita income levels, as well as investments made by key market participants such as key market players from major market players in these two markets.

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By Region

North America

• The U.S.
• Canada

Europe

• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe

Asia-Pacific

• China
• Japan
• South Korea
• India
• ANZ
• ASEAN
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA

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Recent Developments

• In September 2023, PharmaJet, known for its precision delivery systems, reported successful outcomes from Scancell's Phase 2 clinical trial. The trial used PharmaJet's Stratis System for needle-free injections to treat patients with unresectable advanced melanoma, a method preferred by patients.
• In September 2023 , the Indian government introduced GEMCOVAC-OM, an mRNA-based COVID-19 booster vaccine specifically designed for Omicron variants. Administered intradermally with a needle-free injector, this thermostable vaccine demonstrated stronger immune responses in study participants.
• In August 2023 , Pulse NeedleFree Systems launched a range of disposable needle-free vaccination equipment for animals which offers cost-effective health and food safety benefits for pig farmers, comparable to traditional syringes and needles.
• In June 2023 , PharmaJet collaborated with Zydus Lifesciences to deliver the world's first plasmid DNA COVID-19 vaccine using its Tropis system, which has been shown to improve immune response and clinical effectiveness.
• In March 2022 , NovaXS Biotech secured investor backing for its patented needle-free injector. The device features a cloud-based platform that collects patient data, including injection time, frequency, dosage volume, and medication temperature, to assist physicians in evaluating the effects of the dosage on the patient.

About Dimension Market Research (DMR)

Dimension Market Research (DMR) is a market research and consulting firm based in India & US, with its headquarters located in the USA (New York). The company believes in providing the best and most valuable data to its customers using the best resources analysts into work, to create unmatchable insights into the industries, and markets while offering in-depth results of over 30 industries, and all major regions across the world.

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