DUBLIN–(BUSINESS WIRE)–The “Global Microneedle Market” report has been added to ResearchAndMarkets.com’s offering.
The global market for microneedles was valued at $1.0 billion in 2023. This market is anticipated 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.
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 Attributes:
| Report Attribute | Details |
| No. of Pages | 123 |
| Forecast Period | 2023 – 2028 |
| Estimated Market Value (USD) in 2023 | $1 Billion |
| Forecasted Market Value (USD) by 2028 | $1.3 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
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
-
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
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/l1xduy
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