The spreading base of the diabetic patients and augmenting ease in the admittance to type 1 diabetes are likely to encourage the growth of the market during the review duration. Unadventurous, Type 1 diabetes patients demanding unvarying glucose observing use needles, which augments the perils of the infection and pain among the individual. Needle-free devices deliver the pain less delivery and contradict the peril of infection. As an effect, the requirement for such devices is estimated to augment during the review period. Not only has this, the effective increase in the requirement and technological advancements in the area of pain-free drug transportation and self-administration have been frolicking an instrumental role in fueling the market.
Increasing compression to limit the incidence rate of infectious diseases such as dengue fever, hepatitis, neurological disorders and AIDS instigated by West Nile virus during the transmission is expected to portend well for the growth of the market during the review duration. According to the report analysis, ‘Global Market Insights on Needle-Free Drug Delivery Systems: Insights and Forecast, 2018-2025: Emphasis on Product (Prefilled needle-free injection systems, Prefilled needle-free injection systems); Technology (Jet Injectors, Transdermal Drug Delivery Systems, Inhaler Technology); Application (Insulin Delivery, Vaccination, Pediatric Injections, Pain Management); Injection Mode (Powder injections, Liquid injections, Liquid injections); Source of Power (Spring Loaded Jet Injector, Gas Powered Jet Injector, Battery Powered Jet Injector) and Region’ states that in the Global Market Insights on Needle-Free Drug Delivery Systems, there are several potential corporates which presently functioning more actively for leading the fastest market growth and registering the handsome value of market share during the analyzed period more positively while increasing the prevalence of the Chronic and Lifestyles Diseases, increasing technological advancements in the devices, growth in the number of start-ups and investments, and increasing acceptance in the emerging regions of Asia-Pacific economy includes Antares Pharma, Inc., Consort Medical, Crossject Societe Anonyme, Injex Pharma, Medical International Technology, Zosano Pharma, Valeritas, 3M, PharmaJet and several others.
In terms of revenue, the needle free drug delivery device in has accounted an outstanding growth with positive CAGR during the analyzed period. The needle free drug delivery device market has effectively observed an overall increase in the needle free penetration as well as needle free drug delivery devices implementation in last few years. The effective growth in the number of chronic diseases incidence, inclination towards self-administration of drugs, increasing technological advancements in the devices has propelled the growth prospects of the market. In addition, increasing requirement for the needle free drug delivery device system and rigorous government regulations undertaken has also substantially catalyzed the growth potential of the respective market.
Additionally, based on the country, North America controlled the foremost share due to the high consciousness regarding advantages of the needle-free drug delivery devices, attendance of developing healthcare facilities, and R&D expenditure by government. However, the Asia-Pacific region is estimated to observe the highest growth during the analyzed period. Therefore, in the near years, it is estimated that the global market insights on needle-free drug delivery systems will increase around the globe more positively over the decades.
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Ankur Gupta, Head Marketing & Communications