DUBLIN, Dec. 29, 2023 /PRNewswire/ — The “Global Microneedle Market” report has been added to ResearchAndMarkets.com’s offering.
The global market for microneedles was valued at $1 billion in 2023 and is forecast to reach $1.3 billion by the end of 2028, growing at a CAGR of 5.1% from 2023 through 2028.
The growth of the global market is attributed to factors such as the wide range of existing and potential microneedle applications, the increasing demand for dermatology procedures and minimally invasive drug delivery, and the growing number of infectious diseases.
The microneedle market is segmented into solid, hollow, coated, dissolving, and hydrogel types. The dissolving microneedle segment is expected to have the highest growth rate. The high growth rate of this segment is attributed to dissolving microneedles’ low cost and better outcomes in a range of applications, from dermatology to disease diagnosis and treatment.
Based on application, the market is segmented into disease treatment, immunobiological administration, disease diagnosis, and dermatology applications. The dermatology segment dominates the market. This can be attributed to the cost-effectiveness of microneedling compared to other treatment modalities in dermatology.
The current report provides detailed information about the microneedle market. It highlights the current and future market potential for microneedles and provides a detailed analysis of the drivers, restraints, challenges, and opportunities in the market. The report also covers market projections for 2028 and includes the market rankings of key market players. It also covers the competitive environment and regulatory scenario.
Key Market Dynamics
Market Drivers
Potential Applications of Microneedles
Rising Demand for Dermatology Procedures
Increasing Number of Infectious Diseases
Rising Demand for Minimally Invasive Drug Delivery
Market Restraints
Risks and Limitations of Using Microneedling Devices
Stringent Regulatory Scenario
Market Opportunities
R&D of Microneedles by Key Players
Market Challenges
Complex Manufacturing Process
Impact of COVID-19 on the Microneedle Market
The Report Includes
30 data tables and 37 additional tables
An overview of the global market for microneedles
Analysis of the global market trends, featuring historical revenue data for 2020 to 2022, estimated figures for 2023, as well as forecasts for 2028, including projections of compound annual growth rates (CAGRs) through 2028
Evaluation of the current market size and revenue growth prospects, accompanied by a market share analysis by type, application and geographical region
A look at the key market dynamics, the industry structure, regulatory landscape, current outlook and an analysis of the COVID-19 impact on the market for medical devices and microneedles
Discussion of the properties of the latest generation of smart microneedles, such as skin adhesion, dissolvability, responsiveness and tip-substrate detachability, as well as whether they are bionic, bioderived or biocompatible in nature
Review of patents on microneedle array technologies by assignee and products in the pipeline
Coverage of evolving technologies, ESG trends and clinical trials
Competitive benchmarking of key players, categorized by dermatology and vaccine and drug delivery, and their growth strategies
Profiles of leading market participants, including Becton, Dickinson; Cynosure; Candela Medical; Cutera and LTS Lohmann Therapie-Systeme.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
History
Microneedle Materials and Manufacturing
Microneedle Pipeline
Regulatory Landscape
Product Recalls
Chapter 4 Market Dynamics
Chapter 5 Market Breakdown by Type of Microneedle
Solid Microneedles
Hollow Microneedles
Dissolving Microneedles
Coated Microneedles
Hydrogel Microneedles
Chapter 6 Market Breakdown by Application
Dermatology
Immunobiological Administration
Disease Treatment
Disease Diagnosis
Chapter 7 Market Breakdown by Region
Chapter 8 ESG Development
Chapter 9 Emerging Technologies
3D-Printing Technology in Microneedles
Drug Monitoring with Microneedles
Microneedle for Plant Disease Management
Smart Microneedles
Nanotechnology-Integrated Microneedles
Integration of Microneedles into Wearable Devices
Chapter 10 Clinical Trials and Patent Analysis
Clinical Trial Analysis
Clinical Trial Analysis, by Type of Study
Clinical Trial Analysis, by Status
Clinical Trial Analysis, by Phase
Clinical Trial Analysis, by Region
Patent Analysis
Patents by Year
Patents by Top Applicant
Patents by Top Patent Holder
Patents by Jurisdiction
Chapter 11 Competitive Intelligence
Market Share Analysis
Recent Developments of Key Companies
Chapter 12 Company Profiles
Becton, Dickinson
Candela Corp.
Cosmed Pharmaceutical
Cutera
Cynosure
Debiotech
Mercator Medsystems
Nanobiosciences
Theraject
For more information about this report visit https://www.researchandmarkets.com/r/mn9rr5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
