Global Demand For Needle-Free Injectors is expected to rise at a yearly growth rate of 12% Y-o-Y to USD 42.79 Billion in 2032, supported by:
During the period ranging from 2020 to 2022, needle-free Injectors demand prospects appeared limited, attributed to the onset of transmittable diseases in the past, which emerged as a major roadblock.
Sales of needle-free injectors are estimated to accelerate significantly, attributed to the growing incidence of needle stick injuries and the rise in the number of parenteral drug approvals. People working with hypodermic syringes and other needle equipment are at a greater risk of needle stick injuries.
Continuing trends in the hypodermic needles market have restated the budding role of automated systems for needle creators for inspection and testing processes. According to the CDC, some 385,000 healthcare workers accidentally stick themselves with needles every year.
Needlestick injuries have the potential to transmit infectious diseases such as hepatitis B, hepatitis C, and human immunodeficiency virus (AIDS) among healthcare workers. As per this report, demand for Needle-Free Injectors for automotive production is expected to surge at over 12% CAGR until 2032.
| Data Points | Key Statistics |
|---|---|
| Estimated Value of Global Needle-Free Injectors Market by 2032 | USD 42.79 Billion |
| Documented Market Value of Needle-Free Injectors Market in 2022 | USD 13.78 Billion |
| Estimated CAGR from 2022 to 2032 | 12% |
| Estimated CAGR of APEJ by 2032 | 11.8% |
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The Asia Pacific is anticipated to yield significant growth opportunities, backed by robust healthcare infrastructure and favorable government regulations. By 2032-end, the annual growth rate is projected to encircle 12%, affected by several aspects.
Within the Asia Pacific, the rapidly developing healthcare industry in China, is attributed to the increasing geriatric population and rising life expectancy.
Thereby, several pharma companies in China are making hefty investments in the development of innovative treatments for chronic diseases like cancer, diabetes, etc.
These approaches are supporting the expansion of private-sector hospitals & clinics which sets a strong base for the development of needle-free injectors.
Likewise, India is expected to offer numerous growth opportunities for pharma companies, due to increasing emphasis on better healthcare treatment and promising growth in the healthcare sector in the country.
In terms of market bifurcation, needle-free injectors have experienced the highest traction in the cosmetic surgeries segment. Based on the growing trends, this segment is estimated to register a CAGR of 12.1% over the years to come.
Given the technological advancements in recent years, a significant shift in the adoption of cosmetic surgeries for skin whitening, and body marks removal has been observed. Earlier, the high cost of surgeries impeded market growth. However, the introduction of innovative tools like needle-free injectors has supported global acceptance.
Needle-free injection technology (NFIT) is an exceptionally broad concept that includes an extensive array of drug delivery systems that drive drugs through the skin.
This technology is not only touted to be valuable for the pharma industry but the developing world to find it highly useful in mass immunization programs, avoiding the chances of needle stick injuries and ducking other complications including those arising due to multiple uses of a single needle.
Growth of the needle-free injectors market can be attributed to faster drug delivery and increasing demand of the same from the healthcare sector. The market for needle-free injectors registered a CAGR of 8% in the historical period 2017-2021.
Principal Consultant
The global demand for electric guitars is projected to increase at a CAGR of 12% during the forecast period between 2022 and 2032, reaching a total of USD 42.79 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 8%.
Sales of needle-free injectors market increased considerably increased over the last few years due to factors such as the growing incidence of needle stick injuries and rise in the number of parenteral drugs approvals. People working with hypodermic syringes and other needle equipment are at a greater risk of needle stick injuries.
These injuries can mainly occur when people use or dispose needles. Hence, demand for needle-free injectors increased as they are the best alternative for patients and healthcare workers to prevent themselves from needle stick injuries.
Also, needle-free injectors offer faster drug delivery which enhances bioavailability as compared to invasive drug delivery systems. This is resulting in the increasing adoption of needle-free injectors.
Pharmaceutical industries propelling growth of needle-free injectors
Pharmaceutical industries are increasing the adoption of needle-free injectors as need for drug delivery or vaccinations is increasing. Needle-free injectors are preferred over invasive drug delivery systems as they don’t cause side-effects such as pain, swelling, or wounds.
Additionally, needle-free injectors are cost-effective, sanitary, fast, and nearly painless. Hence, key players are capitalizing on these benefits to increase their sales in countries with the weaker economic system.
Need for needle-free insulin delivery as a primary treatment option has surged due to the rising prevalence of diabetes and insulin across the globe.
Growth of plastic surgeries increasing dependency on needle-free injectors
Alongside this, application of needle-free injectors in cosmetic industry is accelerating at a mounting pace. As per FMI, the cosmetics segment is projected to report maximum growth at a CAGR of 12.6% during the forecast period.
According to the American Society of Plastic Surgeons, 15.6 Billion cosmetic procedures took place in the world, among which 2.3 Billion are cosmetic surgical procedures and 13.2 Billion are cosmetic minimally-invasive procedures.
Hence, the demand for minimally invasive procedures is more as compared to invasive procedures. Driven by this, needle-free injectors manufacturers are increasing the adoption, generating ample of growth opportunities within cosmetic industry.
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High Operating Cost of Needle-Free Injectors to Act as a Barrier for Key Players
Key players are facing difficulties in needle-free injectors manufacturing due to high cost and requirement of complex equipment. Difficulty in procuring certification for needle free injectors and need for sterilization before each batch of production also are proving to be challenges for market players.
Key players often have to spend on high operating costs to meet the aforementioned requirements for manufacturing of needle-free injectors, which also is expected to act as a challenge to growth. Besides this, the easy availability of needle-free injectors alternatives is restraining the market growth during the forecast period.
Minimally invasive diagnostic care favoring growth of needle-free injectors
As per Future Market Insights, the USA is expected to be a leading market across North America, accounting for over 94.0% of the market in 2022. It is expected to continue exhibiting high demand for needle-free injectors through the course of the report’s assessment period.
Growth in the market is primarily driven by the rising prevalence of chronic diseases such as diabetes, cancer, and others. With goring preference for non-invasive and minimally-invasive diagnostic care, the adoption of needle-free injectors have increased, especially among home-care patient.
According to Centers for Disease Control and Prevention (CDC), in 2018, approximately 34.2 Billion cases of diabetes were found with the USA With the rising prevalence of diabetes, demand for needle-free injectors will accelerate, especially within geriatric population.
Key players expanding presence by increasing production units
According to the study, Germany is expected to dominate the Europe, holding 29.4% Europe’s market share through 2032. Increasing expenditure in healthcare due to rising awareness among consumers has encouraged them to spend on quality wellness products.
This has led to the surge in needle-free injectors’ adoption due to their ability of faster drug delivery and minimal invasion. Germany is considered to have the highest expenditure on its healthcare system, contributing approximately 11% of the GDP in 2018, according to Eurostat.
Alongside this, the presence of key players in the country and development of their product portfolio is also aiding the market growth. For instance, Gerresheimer Regensburg announced the expansion of its production unit for small batch production of plastics in Wackersdorf, Bavaria, Germany in November 2020.
Technological advancements supporting the use of needle-free injectors in the country
Japan is projected to hold over 34% share in the East Asia market, exhibiting growth at a CAGR of 11.7% during the forecast period. This is predominantly due to the rising cosmetic procedures in the country and technological advancements in healthcare and cosmetic industry.
For instance, according to International Survey on Aesthetic/Cosmetic Procedures Performed in 2018, there were total 224,293 surgical procedures took place in Japan that fuel the market of needle-free injectors.
Growth hormones for children accelerating growth of needle-free injectors
In 2020, China led the East Asia market with more than 46.8% share and is projected to expand at a CAGR of 12.0% through 2032. This is mainly due to the need of daily dosage of hormones administration in children and easy regulations by government for approving innovative products.
For instance, the National Medical Products Administration approved needle-free injectors for sale on the domestic market in August, 2017 in China. Also, more than 7 Billion Chinese children need daily doses of growth hormone who suffer from dwarfism in China which also going to benefits the market.
Reduction in production cycles elevating growth
In terms of load type, the projectile injections segment is expected to expand at a CAGR of 13.9% during the forecast period.
The segment is expected to gain popularity due to the ability for prevention of material clusters that reduces cycle times and as it supports the production of parts with variable and uneven diameters.
Painless and minimally invasive cosmetic surgeries contributing to spring-loaded jet injector growth
Growth in this segment attributed due to its nature to penetrate the skin for delivering a drug or vaccine into subcutaneous, intradermal or intramuscular tissues by creating a narrow stream under high pressure.
Moreover, the increasing dependency on needle-free injectors in the cosmetic industry is contributing to the growth of spring-loaded injectors. Thus, based on technology type, the spring-loaded jet injector segment will dominate the market, holding 47.1% of the revenue share in 2022.
Healthcare industry supporting growth of drug delivery
Rising prevalence of chronic diseases is expected to aid the segment growth. This also has created demand for needle-free injectors in the homecare setting. Increasing expenditure by the healthcare industry along with technological advancements is fueling the growth of needle-free injectors.
In terms of application, drug delivery is expected to hold the leading share in the market, accounting for 65.0% of the revenue share in 2022.
Multiple drug delivery making reusable needle-free injectors popular
With 79.5% of the revenue share, reusable needle-free injectors are expected to dominate the market in 2022. Reusable needle-free injectors are gaining popularity because they can be reused multiple times for drug delivery to a single patient with maximum ease of use.
For example, insulin delivery to the diabetic patient can be done through reusable needle-free injectors for multiple times. This method is cost effective also which plays a prime role in driving its demand in the future.
Prevalence of chronic diseases increasing dependency on needle-free injectors
Factors such as growing awareness about needle-free injectors, rising prevalence of chronic diseases, and advent of COVID-19 have expanded the patient-pool in hospitals. Moreover, nearly all healthcare industries are relying on needle-free injectors owing to the increasing number of patients facing different chronic diseases.
This has led to an increasing demand for needle-free injectors. Based on the end-user, hospitals are expected to be the primary end-user, accounting for over 33.4% market share during the forecast period.
Few key players in the needle-free injectors market are Portal Instruments and NovaXS Biotech.
Key players in the needle-free injectors market are Gerresheimer AG, Pfizer Inc., Halozyme, CSL Limited (Seqirus UK Limited), Crossject, Portal Instruments, Ferring Pharmaceuticals, PharmaJet Inc., PenJet Corporation
Key players are focusing on the expansion of their brands in emerging regions and manufacturing the newly revised product. Manufacturers are also adopting a slew of expansion strategies such as acquisition, new product launches and approvals, agreements, partnerships, and collaborations to strengthen their market presence.
| Report Attribute | Details |
|---|---|
| Market Value in 2022 | USD 13.78 Billion |
| Market Value in 2032 | USD 42.79 Billion |
| Growth Rate | CAGR of 12% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Load, Technology, Delivery Site, Application, End User, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Gerresheimer AG; Pfizer Inc.; Halozyme; CSL Limited (Seqirus UK Limited); Crossject; Portal Instruments; Ferring Pharmaceuticals; PharmaJet Inc.; PenJet Corporation |
| Customization | Available Upon Request |
FMI projects the global needle-free injectors market to expand at a 12% value CAGR by 2032
The global needle-free injectors market is estimated at a market value of USD 13.78 Billion
The global needle-free injectors market is expected to garner a market value of USD 42.79 Billion
U.S. is expected to be a leading market across North America, accounting for over 94.0% of the market in 2022
Gerresheimer AG, Pfizer Inc., Halozyme, CSL Limited (Seqirus UK Limited), Crossject, Portal Instruments, Ferring Pharmaceuticals, PharmaJet Inc., PenJet Corporation are some prominent needle-free injectors manufacturers
Germany is expected to dominate the Europe, holding 29.4% Europe’s market share through 2032
Japan is projected to hold over 34% share in the East Asia market, exhibiting growth at a CAGR of 11.7% during the forecast period
The spring-loaded jet injector segment will dominate the market, holding 47.1% of the revenue share in 2022.
Hospitals are expected to be the primary end-user, accounting for over 33.4% market share during the forecast period.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Market Background 5. Market Context 6. Global Market Demand (in Value or Size in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Load 7.1. Liquid Injections 7.2. Powder Injections 7.3. Projectile Injections 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 8.1. Spring-loaded jet injector 8.2. Battery-powered jet injector 8.3. Gas-powered jet injector 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 9.1. Drug Delivery 9.2. Vaccines 9.3. Cosmetic 9.4. Others 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Usage 10.1. Reusable Needle Free Injectors 10.2. Disposable Needle Free Injectors 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 11.1. Hospitals 11.2. Veterinary Hospitals 11.3. Speciality Clinics 11.4. Home Care Settings 11.5. Others 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. East Asia 12.5. South Asia 12.6. Oceania 12.7. Middle East and Africa (MEA) 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 20. Key & Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032 21. Competition Analysis 21.1. ASTS Enterprises (Aunt) Pty Ltd 21.2. Weston Medical 21.3. PharmaJet 21.4. Crossject 21.5. PenJet® Corporation 21.6. Caretek Medical 21.7. Pfizer 21.8. Halozyme, Inc. 21.9. InjexUK 21.10. Gaungzhou Medsinglong Medical Equipment Company Ltd. 21.11. Zogenix 21.12. D'Antonio Consultants International, Inc. 21.13. AcuShot Needle Free 21.14. InsuJet™ 21.15. QS Medical Technology Co., Ltd 21.16. MIKA MEDICAL CO. 22. Assumptions and Acronyms Used 23. Research Methodology
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Needle-Free Injectors Market
