Market Information
Why is a solution to needle injection pain and anxiety important?
In 2019 the World Health Organization’s (WHO) top 10 threats to global health included global influenza pandemic and vaccine hesitancy.
Globally, 60% of children and 25% of adults are afraid of needles.
The global vaccine market size was 60 billion dollars in 2021 and is expected to grow by 11% each year.
In the USA alone over 40 million children and 60 million adults are frightened by needles.
Children need over 30 vaccinations in the first 18 years of life, not including yearly Flu or Covid vaccinations.
Adults need at least one vaccination each year for Flu and maybe a second if Covid becomes a yearly booster.
16% of adults avoid their Flu vaccination and 10% avoid their Covid vaccination because of needle fear.
Vaccines are the most powerful and cost effective way to protect the lives of people. Vaccine hesitancy is therefore a very important problem to address.
Where are vaccinations given?
Pharmacy:
5% of children and 28% of adults received 40 million flu vaccines in pharmacies.
90% of Americans live 5 miles from a pharmacy.
21 Federal Retail Pharmacy Program Partners, with 41,000 individual pharmacies, participated in the Covid vaccination program.
Doctor’s Office:
65% of children and 35% of adults are vaccinated in a doctor’s office.
Other medical locations offering vaccinations include hospitals and health centers.
Home injections
The overall number of home medical injections is expected to grow, driven by an aging population, the increasing prevalence of chronic diseases, advancements in pharmaceuticals, and a growing emphasis on personalized medicine. Categories of self injected management at home include: diabetes, autoimmune, multiple sclerosis, hormone therapies, osteoporosis, allergies, anticoagulation, migraine, and weight management,