According to the study, Germany is expected to dominate the Europe, holding 29.4% Europe’s market share through 2032.
According to a new FMI report, the global Needle-free Injectors Market Demand will develop at a 12% CAGR between 2022 and 2032. By the end of the assessment period, the market is expected to be worth US$ 42.79 billion. Faster drug delivery is the primary driver of the needle-free injector business. Increased demand in the healthcare business, as well as expansion in cosmetic procedures, are driving the growing demand for Needle-free Injectors.
The industry grew significantly from 2017 to 2021, with an 8% value CAGR and a total value of US$ 12.3 billion. The use of technologically advanced spring-loaded jet injectors is driving market growth. Furthermore, regulatory approvals to increase the use of Needle-free Injectors are driving up demand.
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Geographically, the United States is the largest contributor to the market for Needle-free Injectors. This is because chronic diseases are becoming more prevalent in the region. The existence of healthcare sectors in Germany, Japan, and China hastened the adoption of Needle-free Injectors even more. Needle-free Injector sales will increase in the coming years due to the increased inclination for minimally invasive procedures.
Key Takeaways from the Market Study
“The healthcare sector along with the cosmetic industry are the largest contributors to Needle-free Injectors market. Increasing demand for minimally-invasive surgeries is further accelerating the demand for Needle-free Injectors” states an FMI analyst
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Market Competition
Key players in the Needle-free Injectors market are Gerresheimer AG, Pfizer Inc., Antares Pharma, CSL Limited (Seqirus UK Limited), Crossject, Portal Instruments, Ferring Pharmaceuticals, PharmaJet Inc., PenJet Corporation
Key Segments Profiled In The Needle-free Injectors Market Industry Survey
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Jul 04, 2023