Global Microneedle Market Outlook to 2023, Featuring Profiles of Key Players Becton Dickinson, Cynosure, Candela Medical, Cutera and LTS Lohmann Therapie-Systeme

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 DriversPotential Applications of MicroneedlesRising Demand for Dermatology ProceduresIncreasing Number of Infectious DiseasesRising Demand for Minimally Invasive Drug DeliveryMarket RestraintsRisks and Limitations of Using Microneedling DevicesStringent Regulatory ScenarioMarket OpportunitiesR&D of Microneedles by Key PlayersMarket ChallengesComplex Manufacturing ProcessImpact of COVID-19 on the Microneedle Market

The Report Includes

30 data tables and 37 additional tablesAn overview of the global market for microneedlesAnalysis 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 2028Evaluation of the current market size and revenue growth prospects, accompanied by a market share analysis by type, application and geographical regionA 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 microneedlesDiscussion 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 natureReview of patents on microneedle array technologies by assignee and products in the pipelineCoverage of evolving technologies, ESG trends and clinical trialsCompetitive benchmarking of key players, categorized by dermatology and vaccine and drug delivery, and their growth strategiesProfiles 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

HistoryMicroneedle Materials and ManufacturingMicroneedle PipelineRegulatory LandscapeProduct Recalls

Chapter 4 Market Dynamics

Chapter 5 Market Breakdown by Type of Microneedle

Solid MicroneedlesHollow MicroneedlesDissolving MicroneedlesCoated MicroneedlesHydrogel Microneedles

Chapter 6 Market Breakdown by Application

DermatologyImmunobiological AdministrationDisease TreatmentDisease Diagnosis

Chapter 7 Market Breakdown by Region

Chapter 8 ESG Development

Chapter 9 Emerging Technologies

3D-Printing Technology in MicroneedlesDrug Monitoring with MicroneedlesMicroneedle for Plant Disease ManagementSmart MicroneedlesNanotechnology-Integrated MicroneedlesIntegration of Microneedles into Wearable Devices

Chapter 10 Clinical Trials and Patent Analysis

Clinical Trial AnalysisClinical Trial Analysis, by Type of StudyClinical Trial Analysis, by StatusClinical Trial Analysis, by PhaseClinical Trial Analysis, by RegionPatent AnalysisPatents by YearPatents by Top ApplicantPatents by Top Patent HolderPatents by Jurisdiction

Chapter 11 Competitive Intelligence

Market Share AnalysisRecent Developments of Key Companies

Chapter 12 Company Profiles

Becton, DickinsonCandela Corp.Cosmed PharmaceuticalCuteraCynosureDebiotechMercator MedsystemsNanobiosciencesTheraject

For more information about this report visit https://www.researchandmarkets.com/r/mn9rr5

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