
Published On: Jan 2023
Published On: Jan 2023
At 17.4% CAGR, the Europe Needle-Free Injection Systems Market is projected to be worth US$ 114.76 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe needle-free injection systems market was valued at US$ 43.78 million in 2022 and is expected to reach US$ 114.76 million by 2028, registering a CAGR of 17.4% from 2022 to 2028. Advantages of using self-injection devices and rising demand for vaccines and biosimilars are the critical factors attributed to the market expansion.
Needlestick injuries (NSIs) are one of the major concerns for most healthcare providers, and it is considered one of the most serious health and safety threats. According to the Centers for Disease Control and Prevention (CDC) and European Agency for Safety and Health at Work (EU-OSHA), ~385,000 and 1,000,000 NSIs are reported annually among hospital-based healthcare staff in Europe, respectively. These injuries have the potential to transmit infectious diseases such as hepatitis B (HBV), hepatitis C (HCV), and human immunodeficiency virus (HIV) among healthcare workers.
On the contrary, higher development costs of needle free injectors compared to conventional injection systems hurdles the growth of Europe needle-free injection systems market.
Based on product, the Europe needle-free injection systems market is sub segmented into fillable needle-free injectors and prefilled needle-free injectors. The fillable needle-free injectors segment held 63.1% market share in 2022, amassing US$ 27.63 million. It is projected to garner US$ 71.34 million by 2028 to expand at 17.1% CAGR during 2022–2028.
Based on technology, the Europe needle-free injection systems market is segmented into jet-based needle-free injectors, spring-based needle-free injectors, microarray patch injectors, and others. The jet-based needle-free injectors segment former held 33.6% market share in 2022, amassing US$ 14.71 million. It is projected to garner US$ 39.78 million by 2028 to expand at 18.0% CAGR during 2022–2028.
Based on type, the Europe needle-free injection systems market is segmented into liquid-based needle-free injectors, projectile-based needle-free injectors, and powder-based needle-free injectors. The liquid-based needle-free injectors segment held 70.4% market share in 2022, amassing US$ 30.84 million. It is projected to garner US$ 79.98 million by 2028 to expand at 17.2% CAGR during 2022–2028.
Based on durability, the Europe needle-free injection systems market is bifurcated into disposable and reusable. With 59.3% share of the domain, the reusable segment dominated the market in 2022. It accrued US$ 25.94 million in 2022 and is estimated to generate US$ 66.90 million by 2028 to grow at a CAGR of 17.1% over the forecast period.
Based on site of delivery, the Europe needle-free injection systems market is segmented into subcutaneous injectors, intramuscular injectors, and intradermal injectors. The subcutaneous injectors segment held 50.2% market share in 2022, amassing US$ 21.97 million. It is projected to garner US$ 58.89 million by 2028 to expand at 17.9% CAGR during 2022–2028.
Based on application, the Europe needle-free injection systems market is segmented into vaccine delivery, insulin delivery, oncology, pain management, dermatology, and others. The vaccine delivery segment held 33.1% market share in 2022, amassing US$ 14.47 million. It is projected to garner US$ 39.34 million by 2028 to expand at 18.1% CAGR during 2022–2028.
Based on end user, the Europe needle-free injection systems market is segmented into hospitals, home care settings, research laboratories, pharmaceutical and biotechnology companies, and others. The hospitals segment held 33.8% market share in 2022, amassing US$ 14.78 million. It is projected to garner US$ 39.73 million by 2028 to expand at 17.9% CAGR during 2022–2028.
Based on country, the Europe needle-free injection systems market is segmented into the Germany, France, Italy, Spain, the UK, and the Rest of Europe. Our regional analysis states that Germany captured 25.9% market share in 2022. It was assessed at US$ 11.36 million in 2022 and is likely to hit US$ 30.57 million by 2028, exhibiting a CAGR of 17.9% during the forecast period.
Key players dominating the Europe needle-free injection systems market are Aijex Pharma International Inc.; Crossject; Ferring B.V.; Medical International Technologies (MIT Canada) Inc.; NuGen Medical Devices; and Zealand Pharma A/S, among others.
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