COVID-19 Drug Delivery Devices Market – Industry Analysis by Product and RegionA Chapter by Markets InsightsThe global COVID-19 drug delivery devices market size is valued at USD 1.87 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2022 to 2027.The global COVID-19 Drug Delivery Devices Market size is expected to reach USD 2.15 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% from 2022 to 2027. The market is expected to gain significant traction over the forecast period as various nasal drug delivery technologies for administrating COVID-19 vaccines are under clinical and pre-clinical development. For instance, in April 2020, Verndari, Inc. initiated the preclinical trials for coronavirus vaccine using its patented microneedle array dermal patch- VaxiPatch. The nasal, dermal, and needle-free are alternatives to the traditional syringe vaccine platforms. These devices potentially reduce or eliminate needlestick injuries and reduce the associated treatment costs. According to the research article published in PLUS ONE Journal, November 2019, needlestick injury (NSI) is among a major burden in medical settings, leading to the transmission of infectious diseases, such as hepatitis and HIV. According to the article published in StatPearls publishing, December 2019, around 2-4% of healthcare workers develop hepatitis C after suffering from needlestick injuries. The CDC further stated that needlestick injuries cost an estimated USD 3,042 per victim annually in the U.S. Request a free sample copy or view report summary: COVID-19 Drug Delivery Devices Market Report COVID-19 Drug Delivery Devices Market Report Highlights
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Added on April 28, 2021 Last Updated on April 28, 2021 Tags: COVID-19 Drug Delivery Devices M AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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