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The microneedle drug delivery market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

Read More On The Microneedle Drug Delivery Market Report 2022 – https://www.thebusinessresearchcompany.com/report/microneedle-drug-delivery-systems-global-market-report

The Microneedle Drug Delivery Market Size In 2022 And Forecast

The global microneedle drug delivery market is expected to grow from $0.66 billion in 2020 to $0.75 billion in 2021 at a compound annual growth rate (CAGR) of 13%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The microneedles drug delivery systems market is expected to reach $1.02 billion in 2025 at a CAGR of 8.1%.

The microneedles drug delivery systems market consists of sales of microneedle drug delivery systems by entities (organizations, sole traders, and partnerships) which allow the users to adapt to the safer alternative process of drug delivery.

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Increase In Research And Demand For The Vaccination Process Is Driving The Growth Of The Microneedle Drug Delivery Market

According to a Bloomberg report, more than 3.98 billion doses of vaccine have been administered across 180 countries until July 2021. Increased demand from government and health research and development bodies for microneedle drug delivery technology propels the market for microneedle drug delivery systems going forward.

Competitive Landscape And The Regional Analysis Of The Microneedle Drug Delivery Market

Major players in the microneedle drug delivery market are 3M, Zosano Pharma, Becton-Dickinson Technologies, Nanopass Technologies, Corium, Valeritas, Microdermics, TheraJect Inc., LTS Lohmann Therapie-Systeme AG, BioSerenTach (BT), Sorrento Therapeutics, Debiotech, Raphas Co. Ltd., QuadMedicine, SNvia, and NanoBiosciences.

The Microneedle Drug Delivery Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the microneedle drug delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the microneedle drug delivery market.

Biodegradable Microneedles Drug Delivery Patches – A Key Trend In The Microneedle Drug Delivery Market

The use of biodegradable microneedles patches helps in easy and fast delivery of genes through targeting the skin as a site for local delivery. Gene delivery and treatment with these patches are easily accessible and contain fluid and lymph vessels that help the genetic material to act effectively.

Microneedle Drug Delivery Market Segmentation By The Business Research Company

1) By Technology: Hollow, Porous, Solid, Others

2) By Application: Drug Delivery, Vaccine Delivery, Others

3) By End-User: Diagnostics Laboratories, Life Sciences, Research Laboratories, Hospitals, Ambulatory Surgical Centers, Others

Here Are Some Reports Related To The Microneedle Drug Delivery Market –

Drug Delivery Devices Global Market Report 2022

Injectable Drug Delivery Devices Global Market Report 2022

Topical Drug Delivery Global Market Report 2022

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