2014-02-27 00:07:02 - Needle-Free Delivery: Technology And Market 2013-2023 - a new market research report on companiesandmarkets.com
The global needle-free delivery technology market will reach $2.4bn in 2017. Needle-free delivery devices will have significant opportunities for growth. Visiongain believes market expansion will be driven by new technologies, reduced prices and increasing efficiency in manufacturing processes. Needle-free delivery technology encompasses all delivery technologies which are minimally invasive including jet injectors, microneedles, pen needles, inhalers and patches. Jet injectors are a well established, expanding segment of the market. In addition, innovative technologies such as microneedle patches will drive growth.
The push to develop needle-free technology has largely arisen due to strong demand from patient groups seeking alternatives to traditional needle-based systems. Needle stick injury and needle phobia are the primary factors helping to drive many markets towards the use of
needle-free delivery technology. Market growth is also linked to an increase in prevalence of diseases worldwide.
The overall needle-free technology market is achieving explosive growth and this trend will continue during the forecast period. Needle-free technology offers advantages over conventional technologies including enhanced safety, increased immunogenicity in vaccinations and fewer injection site lesions. Needle-free technology will be increasingly used for mass immunisations and delivery of biologics. However, this will depend upon more clinical evidence becoming available, making the technology more attractive to pharmaceutical companies. The high cost of needle-free technology is another issue currently restraining growth. Despite all of these challenges, experts in the field are optimistic about the opportunities lying ahead for the needle-free market.
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