Needle-Free Diabetes Care Market to Exhibit a CAGR 7.5% By 2023 | Global Opportunity Analysis By Size, Share, Analysis and Future Trends

“Needle-Free Diabetes Care Market Research Report- Forecast To 2023”
Needle-Free Diabetes Care Market Research Report, By Devices Types (Treatment Devices And Diagnostic Devices), By Treatment (Oral Insulin, Inhaled Insulin, Insulin Patch, Others), By Application (Insulin Delivery And Other), By End Users (Diagnostic Centers, Hospitals & Clinics And Other)-Forecast Till 2023

Overview:

One of the root causes of diabetes is a group of metabolic disorders that gets triggered by insulin deficiency. The most feasible way to deliver insulin is by using injections. However, many would prefer staying away from it owing to the use of needles. To counter that, service providers have come up with this technology. The global needles-free diabetes care market is expected to benefit from this non-invasive method and gain 7.5% CAGR during the forecast period (2017-2023).

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Market Research Future’s (MRFR’s) latest report claims that the CAGR would help the needles-free diabetes care market exceed the predicted valuation by the end of 2023.

The needles-free diabetes care market is expected to gain traction from the rising number patients registering to get treatment for their diabetic problems. At the same time, various healthcare service providers are willing to create a relaxed ambience for their patients. This has invited investment in structural development owing to which the intake of needles-free diabetes care is inflating. 

Global Needle-Free Diabetes Care Market – Segments

For enhanced understanding, the market has been segmented into five key dynamics: –

By Devices Types        : Treatment Devices and Diagnostic Devices.

By Treatment               : Oral Insulin, Inhaled Insulin, and Insulin Patch among others.

By Application             : Insulin Delivery and other

By End-users               : Diagnostic Centers, Hospitals & Clinics and Other

By Regions                  : Asia Pacific, Europe, North America, and the Rest-of-the-World.

Regional Analysis:

MRFR’s in-depth analysis of the global needle-free diabetic care market to identify the growth pockets, includes, the Americas, Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA).

The growth in diabetic patients in the American region is the primary cause triggering the market growth. The regional supremacy in technology and convenient healthcare service are ensuring further growth. Many patients prefer needle-free treatment and technological backing the market is receiving now help in the market’s growth. Their collective effort is helping the market achieve unprecedented growth. North America, especially, has better market proliferation.

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Europe is ranked second at present and is benefitting from similar features of the American zone. However, it is the APAC market that is revolutionizing the market. The region is ranked third but the growth it is expecting in the coming years is quite outstanding. The region has India, China, Japan, Thailand, and others who are spending more money in revamping their existing structure. Its growth rate outpaces other regions with contributions made by these countries who are ready to bring in substantial change. Many countries have settled their market place as medical tourism hub which is also aiding the market in growth. Meanwhile, the MEA market would only show a small growth and generates the lowest market share.

 

Competitive Landscape:

The global needle-free diabetes care market, as per the report of MRFR, has several influential companies enlisted with their latest actions discussed. These companies are

  • Endo International plc
  • Antares Pharma
  • European Pharma Group
  • Bioject Medical Technologies
  • Medical International Technology
  • PharmaJet (US), PenJet Corporation
  • Valeritas
  • National Medical Products
  • INJEX Pharma AG
  • Zogenix
  • Crossject SA
  • 3M Company

In September 2018, QS Medical Technology Co., Ltd., a company based out of Beijing, designed a needle-free injection technology. This technology is highly-effective in, particularly, treating diabetes. The company has achieved this with the help of Covestro. For the product, they have relied on Makrolon Rx1805, a medical-grade polycarbonate launched by Covestro, and created ampules. The product can resist cracking against lipids and are biocompatible.

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