COVID-19 vaccine is intended to provide acquired immunity against severe respiratory syndrome coronavirus 2 (SARS-CoV-2). COVID-19 vaccines play an important role in reducing the spread, severity, and death caused by the COVID-19 virus. RNA vaccines, Adenovirus vector vaccines, inactivated virus vaccines, and subunit vaccines are different types of COVID-19 vaccines. Vials, syringes, injections, and others are used in the administration of COVID-19 vaccines. Moreover, refrigerators are used to provide optimal temperature to vaccines for storage.
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the COVID-19 vaccine delivery devices market.
Top Impacting Factors
- Increase in cases of peoples suffering from COVID-19 disease, rise in demand for COVID-19 vaccines, surge in demand for effective COVID-19 vaccine delivery devices, increase in manufacturing of COVID-19 vaccines, surge in demand for targeted drug therapies, and rise in cases of contagious diseases are the key factors that drive the growth of market.
- In addition, surge in adoption of highly advanced vaccine delivery methods, government support to promote COVID-19 vaccines manufacturing, high demand of effective vaccine delivery devices, government initiatives to promote Covid-19 vaccine manufacturing, and rise in R&D activities to launch novel vaccine delivery devices drives the growth of the market.
- However, shortage of COVID-19 vaccines and delivery devices hinder the growth of market.
- Contrarily, high demand of COVID-19 vaccines and government support for fast track approval of COVID-19 vaccines delivery devices are expected to offer lucrative opportunities for the expansion of the market.
Market Trends
New Product Launches to Flourish the Market
In 2021, Rockwell industries announced launch of world’s hybrid freezer which used to store COVID-19 vaccines.
In 2021, Becton and Dickinson announced launch of needles & syringes multi drug delivery facility device. This device help in administration of COVID-19 vaccines.
Key Benefits of the Report
- This study presents the analytical depiction of COVID-19 vaccine delivery devices market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the COVID-19 Vaccine Delivery Devices Market Report
- Which are the leading players active in the COVID-19 vaccine delivery devices market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is "COVID-19 vaccine delivery devices"?
- What is "COVID-19 vaccine delivery devices" market prediction in the future?
- Who are the leading global players in the "COVID-19 vaccine delivery devices" market?
- What are the current trends and predicted trends?
- What are the key benefits of the "COVID-19 vaccine delivery devices" market report?
COVID-19 Vaccine Delivery Devices Market Report Highlights
| Aspects | Details |
 By Delivery Devices |
|
 By Packaging Type |
|
 By End User |
|
 By Region |
|
 Key Market Players | Ammex, Rimei, Smith and Nephew, 3M Company, DUKAL corporation., Medline Industries, DYNAREX, Johnson and Johnson, ZHONGT, Key Surgical, CK-Tech, Gofresh |
Loading Table Of Content...
