The global vaccines delivery devices market is forecasted to experience promising growth in the next five years, according to a recently updated report. The market is expected to reach USD million by 2030, with an estimated CAGR of percentage during the forecast period of 2023 to 2030.
The report segments the market based on applications, types of delivery devices, and regional outlook. The applications of vaccines delivery devices include hospitals, clinics, and others, while the types of devices include intranasal delivery devices and intradermal delivery devices. The regional analysis covers North America, Europe, Asia-Pacific, South America, Middle East, and Africa.
The global leader in the vaccines delivery devices market includes top players such as BD, Schott, 3M, Gerresheimer, Pharmajet, Panacea Pharmaceuticals, Valeritas, Vaas, and Corium International, among others. These manufacturers have a significant market share in terms of revenue.
The growth of the vaccines delivery devices market is driven by increasing global demand for various applications. The market shows strong potential for substantial growth with a forecasted Compound Annual Growth Rate (CAGR) from 2023 to 2030.
However, the market has faced difficulties during the COVID-19 pandemic and the Russia-Ukraine conflict. The report explores the effects of these events on the market and strategies for recovery.
In summary, the vaccines delivery devices market is projected to grow significantly in the next five years. Strategic initiatives from key industry players and increasing demand for various applications are expected to drive the market’s expansion. Additionally, the market is witnessing challenges and disruptions due to global events, but recovery strategies are being developed to mitigate their impact.
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