Vaccines are biological preparations that protect people from viruses and bacteria-related illnesses. Vaccines are widely regarded as one of the most important tools in the fight against these lethal diseases. A vaccine delivery device is a device that allows a vaccine to be delivered to cells in the body. Among the technologies available are syringes, jet injectors, microneedle patches, electroporation-based needle-free injections, nasal administration, and oral delivery. Vaccines are commonly administered intramuscularly or subcutaneously using a syringe or needle. Needle-free injectors and microneedle patches are two novel vaccine delivery systems that can be used effectively in mass immunization campaigns. It lowers the risk of needlestick injuries and the difficulties associated with using a single needle for multiple purposes.
According to the World Health Organization (WHO), 16 billion injections are given worldwide each year, with up to 40% of those given with improperly sterile syringes and needles, costing millions of dollars in medical costs and resulting in over a million deaths. While low-income countries generate less hazardous waste per hospital bed per day than high-income countries, healthcare waste in low-income countries is frequently not separated into hazardous and non-hazardous wastes, resulting in a much higher true volume of hazardous garbage. As a result, developing innovative vaccine delivery technologies such as jet injectors and microneedle patches that can assist in addressing such serious safety concerns is critical.
One of the key drivers propelling the vaccine delivery device market is the WHO's and many governments' and non-governmental organizations' increasing awareness of vaccination. The ongoing COVID-19 outbreak, for example, has brought life to a halt and necessitated widespread immunization around the world. Furthermore, the changing dynamics of the global pharmaceutical industry are increasing demand for vaccine administration techniques that are both patient-friendly and cost-effective. However, the rising cost of micro-needles, particularly in emerging markets, is one of several factors that could stifle industry growth and pose a threat to the vaccine delivery device market over the forecast period.
One of the key factors driving the vaccine delivery device market's growth is the adoption of needle-free administration methods, which may reduce vaccine antigen dose while simultaneously increasing vaccine immunogenicity. Rapid advancements in vaccine delivery technologies like microneedles and electroporation are expected to propel the vaccine delivery device industry forward. Patients' desire for painless self-administration is driving the popularity of micro-needles. Vaccines delivered via microneedles into the dermis have a faster effect than intramuscular injections, accelerating market growth. The high cost of microneedles, on the other hand, is a major impediment to industry development, particularly in developing countries.
The global vaccines delivery devices market is to increase from US$ XX.X million in 2020 to US$ XX.X million by 2025. The market is estimated to grow with a compound annual growth rate (CAGR) of XX.X% (2020-2025). Some of the prominent players in the market are 3M, BD, Corium International, Gerresheimer, Panacea Pharmaceuticals, Pharmajet, Schott, Valeritas, Vaxxas. The research report on the global vaccines delivery devices market provides extensive competition analysis and competitive conditions. The report includes information on significant products, players, challenges and developments, and other information specific to the market.
The global economy is highly affected by the COVID-19. Various sectors in the economy are much affected by this pandemic. The global economy will decline because of the loss of trillions of dollars. The growing extension and imposition of lockdown in various countries directly affect the economy all over the world. The report consists of a chapter that provides a detailed study of the impact of COVID-19 on the vaccines delivery devices market. This report is helpful for business and industry practitioners. The study specifically intended to assist in explaining, directing, and understanding the potential of the vaccines delivery devices markets. The study focuses on providing readers with an understanding of developments in the industry. The report also provides detailed insights on market segments, market forecasts, leading players, market drivers, and inhibitors.
Goals and objectives of the global vaccines delivery devices market study
- Define and discuss the global market for vaccines delivery devices.
- Analyze the various segments of the market as well as the market dynamics of vaccines delivery devices.
- Categorize vaccines delivery devices segments with escalating growth potential and value the segments' future market.
- Analyze the key trends related to different segments and countries that help in figuring the vaccines delivery devices market.
- To check region-specific growth and development in the vaccines delivery devices market.
- Analyze the historical and current value of each of these product segments in the end-user and geographic markets.
- Understand the foremost stakeholders of the market and the value of the competitive landscape of the leaders of the market.
- To study the plans, initiatives, and strategies for the development of the market.
The second chapter, market overview, provides an overview of the vaccines delivery devices market. The chapter discusses macroeconomic factors, drivers, restraints, opportunities, challenges, value chain analysis, technology roadmap, and Porter 5 force model analysis.
Global Vaccines Delivery Devices Market Segmentation
Chapter 3, segment analysis provides information on the different sub-segments of the market. The chapter provides an in-depth analysis of the market segments, year-on-year growth projections that enable readers to identify potential market growth areas.
- Based on type, the global vaccines delivery devices market is segmenting into intranasal delivery devices, intradermal delivery devices.
- Based on application, the vaccines delivery devices market is segmenting into hospitals, clinics, others.
Global Vaccines Delivery Devices Market Regional Analysis
Chapter 4, the regional analysis includes an in-depth analysis of the vaccines delivery devices market by region. The chapter includes various regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also includes a comprehensive analysis of the market by country. The report covers countries such as the United States, Canada, Germany, France, Italy, Spain, China, India, Japan, the GCC, South Africa, Brazil, Mexico, and the rest of the world. Regional insight helps market competitors to make crucial decisions about their company. Individualized, country-wise, and segment-wise analyses by region allow readers to explore the potential of the market in different geographies. This section is a vital part of the report for each year's growth projections and a global share of value.
Global Vaccines Delivery Devices Market Competitive Analysis
Chapter 5, competitive analysis of the report includes company shares analysis, a list of acquisitions, mergers, collaboration, and the introduction of new products.
Global Vaccines Delivery Devices Market Company Profile
Chapter 6, the company profile of the report also covers key industry players working in the vaccines delivery devices market. The report also discusses the business strategies adopted by the players at the global, regional, and country-level. The study also focuses on various businesses or inorganic business development strategies for expanding consumer networks through product formation, organization extension, partnerships, mergers, and acquisitions.
The study offers an exhaustive summary and estimate of the global market. It includes in-depth qualitative and quantitative analyses in the report that align with our customer's goals and objectives. Projections have been confirmed by comprehensive primary and secondary analysis. The study will encourage clients to invest in the market based on the current business situation, trends, and potential developments in the segments. Understanding the requirement of the client, the report delivers specialist insights into the global market, its products, and market patterns.
