Here are four key takeways on this growing market from Transparency Market Research.
1. The insulin delivery application segment dominated the global needle-free drug delivery devices market in 2014. This is due to the rising prevalence of diabetes and improvement in compliance with insulin regimens.
2. However, going forward, pediatric injections segment is expected to experience the highest growth during the forecast period from 2015 to 2023. This is due to increased public awareness, government initiatives for pediatric vaccination and rising acceptance of novel drug delivery devices for pediatric patients.
3. Zogenix, 3M and Antares Pharma dominated the global needle-free drug delivery devices market in 2014.
4. The largest share of the needle-free drug delivery devices market in 2014 was the jet injectors segment. The report cites increasing amounts of needle stick injuries and possible transmission of blood borne pathogens by needle as the main drivers of the segment.
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