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.
Key Players Identified for Vaccine Delivery Device Market include:
This report offers:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
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.
Research Methodology
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 of Vaccine Delivery Devices market are as follows:
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.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
Device
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Route Of Administration
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report