Report Highlights
The global market for microneedles is expected to grow from $1.0 billion in 2023 to $1.3 billion by the end of 2028, at a compound annual growth rate (CAGR) of 5.1% from 2023 through 2028.
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
Report Scope
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 details the market share of microneedles based on product and application. Based on product, the market is segmented into solid microneedles, hollow microneedles, coated microneedles, dissolving microneedles, and hydrogel microneedles. Based on application, the market is segmented into disease treatment, immunobiological administration, disease diagnosis, and dermatology applications. Hydrogel and disease diagnosis applications that are covered in the report are not commercially approved and are being used primarily by research organizations.
The market has been divided by geography into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region comprises countries such as the U.S. and Canada; Europe includes Germany, the U.K., Italy, France, Spain, and the Rest of Europe; and Asia-Pacific includes China, India, Japan, South Korea, and the Rest of Asia-Pacific. For market estimates, data has been provided for 2020 and 2021 as the historical years and for 2022 as the base year, with forecasts for 2028.
Report Synopsis
Report Metrics | Details | ||||||||||||||||
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Base year considered | 2022 | ||||||||||||||||
Forecast period considered | 2023-2028 | ||||||||||||||||
Base year market size | $976.7 million | ||||||||||||||||
Market size forecast | $1.3 billion | ||||||||||||||||
Growth rate | CAGR of 5.1% from 2023 to 2028 | ||||||||||||||||
Units considered | $ Millions | ||||||||||||||||
Segments covered | By Product Type, Application, and Region | ||||||||||||||||
Regions covered | North America, Europe, Asia-Pacific, and the Rest of the World (RoW) | ||||||||||||||||
Countries covered | The U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, and South Korea | ||||||||||||||||
Key Market Drivers |
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Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Consulting Editor’s Credentials
Melissa Dueck brings more than 25 years of health industry experience to the consulting analyst role with expertise in pharmaceuticals, medical technologies, and hospital operations. Ms. Dueck holds an MBA in Health Care Management, an MPH in Global Health, and is a pending doctoral candidate. She has authored several industry-specific documents and is a well-respected, trusted contributor to the market intelligence community. Her writings are published in magazines, newspapers, and professional journals. She is also an experienced custom market research writer who has worked with a large variety of clients in many fields who require innumerable variations to research documents. Ms. Dueck serves the health and medical community through emergency room medical training, healthcare information system coordination, program implementation and evaluations, and strategic business oversight planning.
Report Highlights
The global market for microneedles should grow from $1.4 billion in 2021 to $1.7 billion by 2026 with a compound annual growth rate (CAGR) of 3.9% for the period of 2021-2026.
Report Includes
- 15 data tables and 25 additional tables
- A comprehensive analysis of the current and future directions of the global market for microneedles
- Analyses of the global market trends, with data from 2019 and 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Estimation of market size and revenue forecast for microneedles, and corresponding market share analysis by product type, application, and geographic region
- Highlights of the key market dynamics (DROs), industry structure, regulatory landscape, current outlook and COVID-19 impact analysis on the market for medical devices and microneedles
- Country specific data and analysis for the U.S., Canada, Germany, UK, Italy, France, Spain, Japan, China, India, and South Korea etc.
- Review of patents on microneedle array technologies by assignee and products in pipeline
- Insight into the recent industry activities, competitive benchmarking of key players in the market categorized by dermatology and vaccine & drug delivery, and their growth strategies
- Descriptive company profiles of the major manufacturers of microneedles within the healthcare sector, including Becton, Dickinson and Company (BD), NanoPass Technologies Ltd., Candela Medical, Cutera Inc. and Cynosure Inc.
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