Global Needle-Free Diabetes Care Market to Propel at a CAGR Value of 6.7% By 2028

03-Aug-2022 | Zion Market Research

The global needle-free diabetes care market size was worth USD 9.1 billion in 2021 and is estimated to grow to USD 13.4 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6.7% over the forecast period. The report analyzes the needle-free diabetes care market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the needle-free diabetes care market.

If an individual with type 2 diabetes does not react to oral hypoglycemic medications, insulin therapy is a standard therapeutic option. Insulin injections are typically used to provide the medication via the submucosal route for type 1 and type 2 diabetes. To diagnose a patient, blood samples are typically drawn from them. Unfortunately, this technique can result in needlestick injuries for medical staff, leading to several infections and suffering. As a result, people are using non-invasive, needle-free diabetic products.

One of the key drivers fueling the expansion of the global needle-free diabetes care market is the development of transdermal patches, which measure blood sugar levels via the skin without extracting blood. The market for needle-free diabetes care is growing faster than average because more people are adopting unhealthy lifestyles. The market for needle-free diabetes care is also influenced by the rising knowledge of the condition, its therapies, and technical developments to improve treatment facilities. Additionally, the market is favorably impacted by the growing elderly population, rising illness incidence, changing lifestyles, and increased healthcare spending. On the other hand, high facility costs and worries about technical faults are anticipated to restrain the market's expansion.

Global Needle-Free Diabetes Care Market

The global needle-free diabetes care market is segregated based on device types, treatment, application, end users, and region. Based on device types, the market is divided into treatment devices and diagnostic devices. The treatment device dominated the market due to prolonged use in 2021. Based on treatment, the market is divided into oral insulin, inhaled insulin, insulin patch, and others. With its great efficiency, the insulin patch segment is seen to be the one with the fastest expanding market share. Based on application, the market is divided into insulin delivery and others. The market's most popular application area in 2021 was insulin delivery. Based on end users, the market is divided into diagnostic centers, hospitals & clinics, and others. In 2021, hospitals & clinics contributed significantly to the global market expansion.

The global needle-free diabetes care market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America held a dominant position in the market in 2021 due to its sophisticated healthcare system, high public awareness regarding diabetes treatment, and increased research & development activities linked to diabetes management. This is because the North American continent is home to most of the world's obese and diabetic population. The region's dominance in the international arena has been aided by a high level of awareness regarding the potential advantages of needle-free drug delivery devices. Additionally, the market is expanding due to the availability of highly developed healthcare facilities and significant R&D spending by government agencies and pharmaceutical corporations to treat diabetes and chronic pain. 

The Asia Pacific market is predicted to rise quickly due to rising health care costs and a large patient population. Japan, South Korea, China, and India are projected to be the countries that will experience the most market growth over the next six years in the Asia-Pacific region. The major factors anticipated to support the development of the Asia Pacific market include numerous ones like the evolving economic landscape & industrialization, rising disposable incomes, increasing public awareness regarding the management of diabetes, and rising diagnostic rates providing favorable environments for needle-free diabetes care.

Key players functioning in the global needle-free diabetes care market include European Pharma Group, Medical International Technology Inc., Antares Pharma Inc., Zogenix Inc., 3M Company, Valeritas Inc., Endo International plc., INJEX Pharma AG, and Bioject Medical Technologies Inc.

Recent developments:

  • In March 2022, the German business, DiaMonTech, raised more than USD 20 million in finance to support its US expansion and device shrinking efforts. The company intends to make its non-invasive, pocket-sized D-Pocket blood glucose monitor available to those with type 1 or type 2 diabetes as an accurate substitute for invasive procedures.

Browse the full Needle-Free Diabetes Care Market By Devices Types (Treatment Devices and Diagnostic Devices), By Treatment (Oral Insulin, Inhaled Insulin, Insulin Patch, and Others), By Application (Insulin Delivery and Other), By End-User (Diagnostic Centers, Hospitals & Clinics, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/needle-free-diabetes-care-market

Global Needle-Free Diabetes Care Market is segmented as follows:

By Devices Types

  • Treatment Devices
  • Diagnostic Devices

By Treatment

  • Oral Insulin
  • Inhaled Insulin
  • Insulin Patch
  • Others

By Application

  • Insulin Delivery
  • Other

By End Users

  • Diagnostic Centers
  • Hospitals & Clinics And Other

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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