PORTLAND, Oregon and PUNE, India, October 10, 2017 /PRNewswire/ --
According toa new report published by Allied Market Research, titled, "Needle-free Injection Systems Market: Global Opportunity Analysis and Industry Forecast, 2017-2023," the Global Needle-free
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Needle-free injection systems are used to administer drugs and vaccines into patients without penetrating the skin. Improved immunization coverage, increase in demand for self-injection devices, increasing prevalence of chronic diseases such as diabetes and cancer, risk of exposure to communicable diseases due to needle stick injuries, and decrease in healthcare costs are expected to drive the market growth. However, lack of trained personnel and limited usage of needle-free injection systems for intravenous administration may restrict the market growth.
Subcutaneous injectors segment is expected to dominate the market throughout the analysis period. However, the intradermal injectors segment is expected to register the highest CAGR of 15.6%.
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KEY FINDINGS OF THE NEEDLE-FREE INJECTION SYSTEMS MARKET STUDY:
Asia-Pacific is projected to register the highest CAGR of 16.6%, owing to rise in incidence of chronic disease such as diabetes and hepatitis. In addition, surge in awareness of benefits of needle-free injection systems, such as elimination of needle phobia, offers a lucrative opportunity for the market growth.
The major companies profiled in the report are Antares Pharma, Inc., Endo International plc, PharmaJet, Medical International Technology, Inc., INJEX Pharma AG, PenJet Corporation, Crossject needle-free injection systems, National Medical Products Inc., Valeritas, Inc., and European Pharma Group.
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SOURCE Allied Market Research
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