The global vaccine delivery devices market size is expected
to reach USD 6.21 billion by 2025, according to a new report by Grand View
Research, Inc. The market is primarily driven by growing immunization programs,
financial support from government & nongovernment organizations, increasing
vaccination initiatives & campaigns, and rising prevalence of infectious
diseases globally. Growing research in the field of vaccines and development of
new products is also contributing to the growth of the market.
Adoption of needle-free approach for
administering these products is gaining momentum due to growing awareness and
demand to avoid pain & injuries associated with the use of a needle stick.
Data by the Centers for Disease Control and Prevention states that an estimated
385,000 sharp injuries including needle stick injuries occur every year in
hospitals in the U.S. Advancing technologies in administering vaccines and
their increasing adoption is propelling market growth. Rising interest of
various key players, national institutions, and organizations in novel delivery
technologies is expected to further contribute to market growth.
Various governments and international
organizations are increasingly investing in the development of vaccination
programs. For instance, the UK government also announced funding up to £1
million from its Global Challenges Research Fund through Medical Research
Council to investigate the Zika virus and its transmission. Organizations such
as GAVI Alliance, Bill & Melinda Gates Foundation, Path, and WHO are
actively involved in the field of vaccines. Many governments are also
undertaking several immunization programs on priority.
Browse full research report on Vaccine Delivery Devices Market: https://www.grandviewresearch.com/industry-analysis/vaccine-delivery-devices-market
Further key findings from the report suggest:
- The syringes segment held majority of the revenue share in
2016 due to increasing vaccination programs, spreading immunization
coverage, and technological advancements
- Jet injectors is expected to register highest growth during
the forecast period owing to rising concerns regarding needle stick
injuries and growing preference for needle-free technologies
- Intramuscular vaccination dominated the route of
administration segment in 2016 as majority of vaccines are given through
this route owing to its advantages
- North America dominated the global vaccine delivery devices
market owing to increasing awareness levels, high adoption of technology,
and rising prevalence of infectious diseases
- Some of the key players include Becton Dickinson &
Company, Bioject Medical Technologies, Inc. (Inovio Pharmaceutical Inc.);
Gerresheimer AG; PharmaJet; Corium International, Inc.; and SCHOTT AG
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/vaccine-delivery-devices-market/request/rs1
Grand View Research has segmented the global vaccine delivery
devices market on the basis of devices, route of administration, and region:
Vaccine Delivery Devices Outlook (Revenue, USD Million, 2014 -
2025)
- Syringes
- Jet
Injectors
- Other
Devices
Vaccine Delivery Devices Route of Administration Outlook
(Revenue, USD Million, 2014 - 2025)
- Intradermal
Vaccination
- Intramuscular
vaccination
- Subcutaneous
Vaccination
- Other
Vaccinations
Vaccine Delivery Devices Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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