Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The "Vaccine Delivery Devices Market Size, Share & Trends Analysis Report By Device, By Route Of Administration (Intradermal Vaccination, Intramuscular Vaccination, Subcutaneous Vaccination), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global vaccine delivery devices market size is expected to reach USD 11,507.5 million by 2030, registering a CAGR of 7.5%
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.
Vaccine Delivery Devices Market Report Highlights
- By device, the syringes segment held the largest revenue share in 2022 due to the increasing vaccination programs, spreading immunization coverage, and technological advancements
- By route of administration, intradermal vaccination dominated the market in 2022 as the majority of vaccines are given through this route owing to its advantages
- North America dominated the global market in 2022 owing to the increasing awareness levels, high adoption of technology, and the rising prevalence of infectious diseases
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6449.8 Million |
| Forecasted Market Value (USD) by 2030 | $11507.5 Million |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Companies Mentioned
- Becton Dickinson & Company
- Bioject Medical Technologies, Inc. (Inovio Pharmaceutical Inc.)
- PharmaJet,
- Vaxxas
- Gerresheimer AG
- SCHOTT AG
- Corium International, Inc.
- 3M
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Device outlook
2.2.2. Route of administration outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Vaccine Delivery Devices Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Reimbursement framework
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.5. Vaccine Delivery Devices Market Analysis Tools
3.5.1. Industry Analysis - Porter's
3.5.2. PESTEL Analysis
Chapter 4. Vaccine Delivery Devices : Device Estimates & Trend Analysis
4.1. Vaccine Delivery Devices Market: Key Takeaways
4.2. Vaccine Delivery Devices Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Syringes
4.4. Jet Injectors
Chapter 5. Vaccine Delivery Devices Market: Route of Administration Estimates & Trend Analysis
5.1. Vaccine Delivery Devices Market: Key Takeaways
5.2. Vaccine Delivery Devices Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Intradermal Vaccination
5.4. Intramuscular Vaccination
5.5. Subcutaneous Vaccination
Chapter 6. Vaccine Delivery Devices Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Vaccine Delivery Devices Market by Region: Key Marketplace Takeaway
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. Company overview
7.2.2. Financial performance
7.2.3. Product benchmarking
7.2.4. Strategic initiatives
For more information about this report visit https://www.researchandmarkets.com/r/99dn0l
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