Global Needle-Free Injection System Market – Analysis and Forecast To 2024 | Pharmajet, Valeritas.

Needle-free injection is an injector which delivers medicine to subcutaneous tissue and intramuscular. The global needle-free injection system market is growing at significant rate, due to mounting occurrence of chronic diseases, and technological improvement. Different types contributed to the needle-free injection system market size. The market has witnessed high demand for liquid-based needle-free injectors due to Benefits of this type have extracted the awareness of various market players.

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The higher price of development and alternative modes of drug delivery are the major challenges for the growth of needle-free injection system market.

Globally, the manufacturing companies trying to enter the needle-free injection system market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Europe is observed to witness fastest growth in the market, due to mounting healthcare expenditure and escalating need for biologics. In addition, mounting occurrence of chronic diseases, promising reimbursement plans, technological developments, and regulatory consents of novel injection system are also creating a positive impact on the needle-free injection system market growth in the region.

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Key players in the needle-free injection system market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In February 2018, Antares Pharma, Inc. received FDA approval for Makena subcutaneous auto injector, to reduce the risk of preterm birth in women. Antares Pharma, Inc., European Pharma Group, National Medical Products, Inc., Endo International PLC, Penject Corporation, Injex Pharma AG, Pharmajet, Valeritas, Inc., Medical International Technology, Inc. (MIT), National Medical Products, Inc. and Crossject are the key players offering needle-free injection system.

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