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Oct 12, 2018
Stratview Research has recently published a new research report on the Needle-Free Drug Injection Systems Market that is segmented by Type (Jet-Based Needle-Free Injectors, Spring-Based Needle-Free Injectors, Laser-Powered Needle-Free Injectors, Vibration-Based Needle-Free Injectors), Application (Hospitals and Clinics, Homecare Settings, Research Laboratories, Pharmaceutical, and Biotechnology companies, Other), and Region - COVID-19 Impact Analysis and Forecast to 2028.
Market Dynamics
The growth of the needle-free drug injection systems market is primarily driven by the increasing prevalence of chronic diseases due to changing lifestyles and unhealthy diets. Expanding geriatric populace is another factor likely to drive the growth of needle-free drug injection systems at a significant rate during the review period. In addition to this, surging demand for advanced drug delivery systems is likely to create lucrative opportunities for the players operating in the global market in the coming years.
Application Type
The market has been bifurcated into hospitals and clinics, home care settings, research laboratories, pharmaceutical, and biotechnology companies, and others. Under these, the hospitals & clinics segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of established infrastructure and skilled healthcare professionals.
Regional Analysis
North America accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during the assessment period. The segment growth is primarily attributed to the high demand for advanced drug delivery systems coupled with the presence of key market players such as Antares Pharma, Inc. (US) and Endo International plc (US). The market growth in the Asia-Pacific region is expected to be driven by increasing spending on healthcare.
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Article source: https://article-realm.com/article/Finance/32333-Needle-Free-Drug-Injection-Systems-Market-to-Witness-Robust-Expansion-by-2028.html
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