The global Vaccine Delivery Devices Market size is expected to reach USD 11.51 billion by 2030, according to
a new report by Grand View Research, Inc. It is expected to expand at a CAGR of
7.5% from 2022 to 2030. The market is primarily driven by growing immunization
programs, financial support from government and non-government organizations,
increasing vaccination initiatives and campaigns, and the rising prevalence of
infectious diseases globally. Growing research in the field
of vaccines and the development of new products are also contributing
to the growth of the market.
The adoption of a needle-free approach for
administering these products is gaining momentum due to the growing awareness
and demand to avoid pain and injuries associated with the use of a needle
stick. Data by the Centers for Disease Control and Prevention states that an
estimated 385,000 sharp injuries including needle stick injuries occur every year
in hospitals in the U.S. Advancing technologies in administering vaccines and
their increasing adoption is propelling the market growth. The rising interest
of various key players, national institutions, and organizations in novel
delivery technologies is expected to further contribute to market growth.
The Covid-19 epidemic significantly boosted the market
growth, especially due to the increasing demand for vaccination to tackle the
spread of the virus. Increasing investment in Research & Development by
vaccination device manufacturers as well as the governments has expanded the
market significantly at an accelerated pace. Initiatives are undertaken by
various regulatory authorities like UNICEF, Gavi, and WHO are also expected to
boost the market growth.
Various governments and international organizations
are increasingly investing in the development of vaccination programs. For
instance, the U.K. government also announced funding of up to £1 million from
its Global Challenges Research Fund through Medical Research Council to
investigate the Zika virus and its transmission. Organizations such as GAVI
Alliance, Bill & Melinda Gates Foundation, Path, and the WHO are actively
involved in the field of vaccines. Many governments are also undertaking several
immunization programs on priority.
Related Press Release@ Vaccine Delivery Devices Market Report
Vaccine Delivery Devices
Market Report Highlights
- By device, the syringes segment held the largest revenue share in
2021 due to the increasing vaccination programs, spreading immunization
coverage, and technological advancements
- By route of administration, intradermal vaccination dominated the
market in 2021 as the majority of vaccines are given through this route
owing to its advantages
- North America dominated the global market in 2021 owing to the
increasing awareness levels, high adoption of technology, and the rising
prevalence of infectious diseases
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