Autoinjectors Market Highlights
The Global Autoinjectors Market is Estimated to be Valued at USD 3.4 Billion by 2024 and is Expected to Register a CAGR of 18.2% During the Forecast Period 2022 2030. The global autoinjectors market is studied in detail in the report, including the key drivers and restraints affecting the markets growth, the leading players operating in the global autoinjectors market, and the leading segments likely to dominate the global autoinjectors market over the forecast period.
Autoinjectors are spring-loaded syringes designed for easy administration upon oneself or by an untrained person on the patient. The key intention behind the manufacturing of autoinjectors is to make the process of injecting the respective drug safer and easier to perform, so that untrained personnel can also do it in case of emergencies. The growing prevalence of chronic diseases such as diabetes and the growing preference among patients for home care solutions for the same is likely to be a major driver for the global autoinjectors market trends over the forecast period. Insulin injections for diabetes management have to be administered regularly, which may lead to the patient having to come into the hospital every time s/he needs an injection, which can be taxing for people living far away. Growing demand for home-based care and management when dealing with long-term diseases such as diabetes is likely to propel the global autoinjectors market over the forecast period.
The growing prevalence of allergies and subsequent cases of anaphylaxis is also likely to be a major driver for the global autoinjectors market, as autoinjectors are majorly used for injecting epinephrine in case of anaphylaxis.
Segment Analysis
The Global Autoinjectors Market insights has been segmented on the basis of product type, design therapeutic application, distribution channel, and region. On the basis of product type, the market has been divided into the disposable autoinjectors and reusable autoinjectors. The disposable autoinjectors segment held the majority market share in 2018. It also was the fastest-growing owing to the increasing demand for testing new drugs and chemicals and vigorous growth in the pharmaceutical and biopharmaceutical sectors.
Regional Analysis
Geographically, the global autoinjectors market has been segmented into North America, Europe, Asia-Pacific, and the Middle East Africa. As per MRFR analysis, the Americas was the largest market for the autoinjectors in 2018 and is expected to remain dominant during the review period. Europe accounted for a significant market share and is projected to be the second-largest market during the forecast period. The well-established healthcare infrastructure, technology advancement, and innovation in drug delivery systems, and rising prevalence of anaphylaxis incidences, diabetes, and cancer are driving the growth of the autoinjectors market in the region. Germany accounted for the largest market share of 24.7% in 2018, and the country-level market is projected to register a CAGR of 15.84% during the forecast period.
Market Players
Market Research Future (MRFR) recognizes Amgen Inc. (US), Becton, Dickinson and Company (US), AbbVie Inc. (US), Mylan N.V. (US), Eli Lilly and Company (US), Ypsomed (Switzerland), Owen Mumford Ltd (UK), Consort Medical (UK), SHL Group (Taiwan), Johnson Johnson Services Inc. (US), Teva Pharmaceutical Industries Ltd (Israel), Antares Pharma (US) as the key players in the Global Autoinjectors Market.
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