The Global Microneedle Drug Delivery Systems Market Report is a compilation of comprehensive research studies of various aspects of the Microneedle Drug Delivery Systems Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Microneedle Drug Delivery Systems market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Microneedle Drug Delivery Systems market and how they will evolve in the years to come.
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In terms of revenue, the global microneedle drug delivery systems market was valued at US$ 5.99 Bn in 2021 growing at a CAGR of 8.34% over the forecast period (2022 – 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries. Key Players: 3M Company, AdminMed / nanoBioSciences LLC, CosMED Pharmaceutical Co. Ltd., ENDODERMA CO. LTD., Microdermics, Nanopass Tech, NITTO DENKO CORPORATION, QUADMEDICINE, Raphas Co. Ltd., SNvia Co. Ltd., TheraJect, Trelleborg Group, VAXXAS, Zealand Pharma A/S, Zosano Pharma Corporation, Other Market Participants.
A new type of delivery system known as microneedles aids in improving drug delivery through this route and overcoming the various issues associated with conventional formulations. A microneedle device is created by arranging hundreds of microneedles in arrays on a tiny patch to deliver a sufficient amount of drug to provide the desired therapeutic response. Considering the shortcomings of both the hypodermic needle and the transdermal patch, the microneedle drug delivery system was developed and is thought to be a hybrid of the two. Microneedles provide highly accurate reproducible results with minimal inter-subject variability in bioavailability, in addition to improved therapeutic benefits. When oral administration of medication is not possible, they can be used in instead. The increasing prevalence of chronic illnesses and the availability of advanced microneedles is driving sales of microneedle drug delivery systems market over the projection period.
The availability of safer alternatives to the traditional hypodermic injection, which is minimally invasive and allows for pain-free administration, is driving up demand for microneedle drug delivery systems. However, high expenditure costs and a scarcity of skilled medical workers will inhibit market growth. Furthermore, to accelerate market growth, major companies such as PharmaTher Holdings Ltd., a clinical-stage psychedelics biotech company, and TSRL, Inc, a company focused on developing microneedle patches for the delivery of antivirals for the treatment of influenza, are pleased to announce that PharmaTher and TSRL have entered into a co-development agreement to jointly develop a microneedle array patch with the goal of managing the manufacturing in June 2021.
COVID-19 was declared a pandemic by the World Health Organization on March 11th, and it has caused millions of instances and a quarter million mortality since then. Pneumonia, lung damage, inflammation, and severe acute respiratory syndrome are all clinical symptoms of this disease (SARS). Transdermal techniques have recently been investigated for vaccines such as COVID-19. Microneedle array technology uses many microscopic projections from a plate to give vaccination in the form of a skin patch, enabling painless antigen administration and better immune response. Many pharmaceutical firms are actively involved in developing microneedle drug delivery for the pandemic. Furthermore, the increased promise of innovation in drug delivery methods in the near future, will promise new opportunities for market participants in the microneedle drug delivery systems market to grow.
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Global Microneedle Drug Delivery Systems Market:
- By Type
- Solid
- Hollow
- Coated
- Dissolving
- Others
- By Material
- Silicon
- Titanium
- Stainless steel
- Polymers
- Others
- By Application
- Drug Delivery
- Protein
- Water-soluble molecule
- Others
- Vaccine Delivery
- Cancer therapy
- Others
- Drug Delivery
- By End Users
- Hospitals
- Surgical Centers
- Diagnostic Laboratories
- Research Laboratories
- Others
- By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- North America
Rest of Latin America
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