World Needle Free Drug Delivery Devices Market to See 16.7% CAGR to 2022, States OMR in Its Report Available at MarketPublishers.com07 Jun 2017 • by Natalie Aster
LONDON – Worldwide, the market for needle free drug delivery devices is poised to register a modest 16.7% CAGR through to 2022. The market is registering very rapid growth primarily owing to expanding geriatric population, technology advances, among others. Furthermore, controlled drug dosing ability, fast medication administration and minimal skin damage are the major related benefits propelling the physician preference thereby giving a boost to the demand for the global market. In addition, the increasing focus on the growth of portable delivery devices has a positive, great impact on the needle-free drug delivery devices market from pole to pole. These advantages pertaining to needle-free drug delivery devices will likely act as the major boasting factors spurring the growth of the market in the offing.
Meantime, high development cost of needle-free injection systems compared to the traditional needle injection as well as a low level of awareness pertaining to needle free technology could hinder the market growth in the years to come.
APAC is projected to see lucrative growth opportunities in the forthcoming years, registering a CAGR of close to 16% through to 2022. This stems from the increasing elderly population demanding home-based, needle free drug delivery devices for enhanced mobility, and the rising healthcare disbursement in emerging economies such as India and China.
Bioject Medical Technologies, AkraDermojetInc, 3M, Bayer Ag, GlaxosmithklinPlc, Glide Pharmaceutical Technologies, InjexPharma AG, Johnson & Johnson, Nemera, Medtronic, Novartis AG, Pfizer, PancreumLlc, Sanofi, Tandem Diabetes Care, amid others, are the leading companies operating in the marketplace.
In-demand research study “Global Needle Free Drug Delivery Devices Market Research and Analysis 2015-2022” created by Orion Market Research (OMR) is devoted to examining the market on a worldwide scale.
It segments the market based on technology, application, end-use sector, and by geographic region. The report offers an extensive, detailed market overview with key analyst insights, examines the actual market trends, gives a raw material analysis, limelights key regional regulations and other government incentives impacting the market. The study presents an all-round assessment of the market drivers, restraints and opportunities. Furthermore, the report provides extensive company profiles of the top 20 market players alongside canvassing their recent developments.
More in-demand market research studies by OMR can be found at its page.