PUBLISHER: Acute Market Reports | PRODUCT CODE: 1313692
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1313692
Vaccine delivery devices market expected to Grow at 6.5% by 2031, Immunization through vaccines are done to raise the immune responses leading to the generation of antibodies or cell-mediated responses that would combat infectious agents or any noninfectious conditions. The most critical factor for the successful immunization is to choose the route of administration by which a vaccine is brought into contact with the body. The vaccine delivery system helps to lower the spread of infection, enhance efficiency of vaccine administration and increase disease management by evoking better immune responses. The global vaccine delivery device market is segmented on the basis of route of administration such as intramuscular (IM) injection, subcutaneous (SC) injection, intradermal (ID) injection, oral route and intranasal (IN) route. The global vaccine delivery device is also segmented on the basis of products such as needle free syringes or jet injectors, electroporation devices, microneedles, aerosol/dry powder inhalation, biodegradable implants or bioneedles, prefilled reconstitution devices and prefilled syringes. The market of needle free syringes are expected to grow as it avoids the injury and pain caused by needle stick, it is proven to be safe and also reduces healthcare cost. There are almost 2-3 million needle-stick injuries being reported every year around the world and in US, about $3 billion is spent for its treatment.
Increasing inoculation programs and their expanding scope, developing examination in the field of immunization, expanding government support and speculation, continuous innovation in delivery systems, increasing vaccination activities and campaigns, and growing prevalence of infectious disease all globally can be attributed to the development of the vaccine delivery device market. Developing research in the field of antibodies, investment for R&D and improvement of new vaccine technologies is additionally adding to the development of vaccine delivery devices market.
Inappropriate training and unavailability of health care workers, resource unavailability for routine, inappropriate vaccine management, needle stick injuries to health care personnel, risk of infections and transmission of blood-borne infections due to improper sterilization of needles and disposal of sharps waste in community create some challenges to vaccine delivery devices market.
The North America holds the major share due to its well-established healthcare infrastructure, health conscious public and highly trained healthcare professionals. The market in Asia Pacific is anticipated to grow faster due to a large patient pool, unhealthy lifestyle, rising in geriatric population who are prone to infectious diseases and developing infrastructure in the region. The vaccination initiatives taken by organizations like CDC, PATH, GAVI also fuel the growth of the vaccine delivery device market globally.
Becton Dickinson & Company, Bioject Medical Technologies, Inc. (Inovio Pharmaceutical Inc.), PharmaJet, Vaxxas, Gerresheimer AG, SCHOTT AG, Corium International, Inc., 3M And Other Notable Players.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofVaccine Delivery Devices market are as follows:
Micro and macro environment factors that are currently influencing the Vaccine Delivery Devices market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
FIG. 9Market Positioning of Key Vaccine Delivery Devices Market Players, 2022
FIG. 10Global Vaccine Delivery Devices Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031