North America Is Dominating Needle-Free Injection Systems Industry

The total value of the global needle-free injection systems market was USD 151.0 million in 2021, and it will rise at a growth rate of above 13.3% shortly, reaching USD 466.2 million by 2030, according to P&S Intelligence. This growth can be ascribed to the globally increasing diabetic populace, which produces high requirements for self-injection devices; growing occurrence of needlestick wounds; and fear of needles among individuals.

In the coming few years, prefilled needle-free injection devices are projected to advance with a faster CAGR, of above 14%. This can be credited to the fact that the majority of such prefilled syringes are automatic, lessening the danger of physical handling and guaranteeing a safer use. Furthermore, the U.S. is the largest revenue generator in the prefilled needle-free injectors market, because of the large diabetic and chronic illness patient base in the nation.

Moreover, such advanced systems aid patients to lessen the danger of infection or human-caused dosing mistakes. Because of the above-mentioned factors, the demand for prefilled needle-free injectors is growing throughout the globe.

The surge in needlestick wounds is expected to drive the demand for needle-free injectors. Such injectors lessen the danger of needlestick wounds and aid patients overcome needle fear. They also limit the transmission of communicable illnesses by evading cross-contamination. Needlestick wounds can reason contagious illnesses like Hepatitis-B, HIV-AIDS, and Hepatitis-C. To lessen the cases of contagious illnesses, needle-free injection systems have grown in popularity.

In recent years, the jet-based technology generated the largest revenue share in the needle-free injection systems market, and the category is also projected to maintain its dominance with a CAGR of approximately 14% in the future well. This growth can be credited to its advantages, such as less time being taken on preparing and managing the medicine, fewer needlestick wounds, ease in usage and aesthetics, and a less chance of illness spreading.

In recent years, reusable needle-free injection devices held a higher revenue share in the industry. This can be credited to the feature of refilling injectors for numerous uses. On the other hand, disposable needle-free injectors are projected to advance faster in the near future. This is because of the disposable feature of such needles that evade needlestick wounds and cross-contamination.

In the past few years, the North American needle-free injection systems market generated the highest revenue share of more than 40%, and the continent is also projected to remain dominant in the future as well. This can be credited to the existence of sophisticated healthcare infrastructure, a high level of patient knowledge, the surge in cases of chronic illnesses, and high research and development expenditure on needle-free injection technologies.

Hence, the globally increasing diabetic populace produces a high requirement for self-injection devices; a growing occurrence of needlestick wounds; and a fear of needles among individuals. 

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Medical Peer/External Physician Review Services Market is Powered by the Increasing Number of Hospitals

The U.S. medical peer/external physician review services market will grow significantly by the end of this decade. The key reasons behind the increasing requirement for such services are the snowballing existence of medical negligence and malpractice, presence of structured peer review guidelines, increasing count of hospitals and active doctors, and lack of internal proficiency to execute the procedure.

In this sort of a review, the medical conduct of a healthcare center or a physician is examined by an external doctor, in case allegations of negligence or malpractice are made by a patient.

Currently, the major trend is the acquisition of corporations offering this kind of services by one another. 

The main goal of such moves is the growth of the service portfolio and revenue increment. For example, in January 2020, Concentra Inc. took over the Riverview and Arrowood Medical Centers in Rock Hill, South Carolina, and Charlotte to increase their client base.

A rewarding prospect for the industry is the rising healthcare industry in the nation. With the continuous increase in the populace, particularly of the elderly and the people covered under numerous insurance plans, the requirement for healthcare services is on the rise. 

For example, the Bureau of Labor Statistics reports that by 2026, more than 91,400 physicians would be needed to cater to the increasing population of patients in the country. 

Therefore, as the doctor count rises, for meeting the rising medical services requirement of the thriving populace, the count of entities and people conducting review services will also increase in the U.S. in the future.

It is for the increase in the number of hospitals in the U.S., the requirement for medical peer/external physician review services is on the rise. This demand will only grow in the years to come.

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Nom-Powdered Gloves Trending in Medical Gloves Market

The medical gloves market will advance at a rate of 10.8% by the end of this decade, to reach USD 20,435.6 million by 2030. The growth of the industry has a lot to do with the growing risk of infectious ailments, growing elderly populace, soaring healthcare spending, mounting incidence of chronic ailments, and increasing number of surgeries.

On the basis of application, the examination category, was the leader of the industry in the past, and it will grow faster in the years to come as well. This would be because of the growing number of examination procedures, already higher than the count of surgical procedures.

The non-sterile category had the larger share in the past, and it will continue its ascendence in the industry, on the basis of sterility. This is because of the increasing use of non-sterile gloves for medical examinations.

While, the sterile gloves will have a faster growth faster growth by the end of this decade as a result of the rising cases of COVID-19 and easy obtainability of sterile gloves in a various size.

The direct category had the share in the medical gloves market in the past, and it will continue its supremacy in the future.

As per the U.S. Department of Health and Human Services statistics, 1 in 13 persons suffered from asthma in 2019. Furthermore, there were 14.8 million new cases of COPD amongst adults in 2018.

Customers are more in favor of non-powdered medical gloves and not powdered ones due to the non-allergic properties of the non-powdered alternative.

This is trending because of the starch in powered gloves, offering better hand movements and prevention from sticking to each other throughout packaging. Though, the starch can lead to allergic reactions while execution of surgeries. Furthermore, the easy obtainability of non-powdered gloves at a reasonable cost is enhancing their demand.

Rising healthcare spending all over the world is directly proportional to the growing demand for medical gloves.

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