The global vaccine delivery devicesmarket size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
A vaccine is a biological substance used to protect individuals from bacterial illnesses by stimulating the immune response of the body against the disease. It helps the immune system to produce antibodies against the invading antigens when given at specific intervals. It can be delivered in the body through liposomes, microspheres, nanoparticles, dendrimers, micellar systems, immune stimulating complexes (ISCOMs), and plant-derived viruses. At present, there is a rise in the utilization of vaccine delivery devices due to the growing prevalence of infectious diseases across the globe.
Vaccine Delivery Devices Market Trends:
Technological advancements in the systematic delivery of vaccines, such as micro-needles and electroporation, represent one of the key factors driving the market. Moreover, there is an increase in the utilization of needle-free delivery systems as they decrease needle stick injuries and the vaccine antigen dose and enhance the vaccine immunogenicity. This, along with the rising research in the field of vaccines and the development of new vaccine delivery devices around the world, is propelling the growth of the market. In addition, governments of several countries are promoting immunization programs to prevent disabilities and deaths from vaccine-preventable diseases. This, coupled with the growing investments by non-governmental organizations (NGOs) for various vaccination programs and campaigns globally, is positively influencing the market. Besides this, key market players are focusing on novel delivery technologies that increase the therapeutic value of vaccines by reducing toxicity. Additionally, the expanding healthcare sector due to the increasing geriatric population and easy access to medical products and services is bolstering the market growth. Furthermore, the outbreak of coronavirus disease (COVID-19) is augmenting the sales of vaccine delivery devices worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vaccine delivery devicesmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on device, route of administration and end user.
Breakup by Device:
Breakup by Route of Administration:
Breakup by End User:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Becton Dickinson and Company, Enesi Pharma Limited, Gerresheimer AG, INOVIO Pharmaceuticals, NanoPass, Panacea Biotec Pharma Limited (Panacea Biotec), Pharmajet Inc., Schott AG (Carl-Zeiss-Stiftung), Terumo Corporation and Vaxxas.
Base Year of the Analysis
Device, Route of Administration, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
3M Company, Becton Dickinson and Company, Enesi Pharma Limited, Gerresheimer AG, INOVIO Pharmaceuticals, NanoPass, Panacea Biotec Pharma Limited (Panacea Biotec), Pharmajet Inc., Schott AG (Carl-Zeiss-Stiftung), Terumo Corporation and Vaxxas
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Key Questions Answered in This Report
The global vaccine delivery devices market was valued at US$ 7.0 Billion in 2022.
We expect the global vaccine delivery devices market to exhibit a CAGR of 7.5% during 2023-2028.
The growing prevalence of infectious diseases, along with the rising demand for vaccine delivery devices as they help the immune system to produce antibodies against the invading antigens when given at specific interval, is primarily driving the global vaccine delivery devices market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing requirement for vaccine delivery devices with the escalating adoption of novel coronavirus vaccines to combat the disease spread.
Based on the device, the global vaccine delivery devices market can be segmented into syringes, jet injectors, and others. Currently, syringes hold the majority of the total market share.
Based on the route of administration, the global vaccine delivery devices market has been divided into intramuscular vaccination, intradermal vaccination, subcutaneous vaccination, and others. Among these, intramuscular vaccination currently exhibits a clear dominance in the market.
Based on the end user, the global vaccine delivery devices market can be categorized into hospitals, clinics, and others. Currently, hospitals account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa.
Some of the major players in the global vaccine delivery devices market include 3M Company, Becton Dickinson and Company, Enesi Pharma Limited, Gerresheimer AG, INOVIO Pharmaceuticals, NanoPass, Panacea Biotec Pharma Limited (Panacea Biotec), Pharmajet Inc., Schott AG (Carl-Zeiss-Stiftung), Terumo Corporation, and Vaxxas.
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