A recent report published by Infinium Global Research on auto injector market provides in-depth analysis of segments and sub-segments in the global as well as regional auto injector market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional auto injector market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global auto injector market. The global auto injector market was valued at about USD 55 billion in 2022 and is expected to reach around USD 206 billion in 2030, with a CAGR of nearly 16% during the forecast period 2023-2030.
An auto-injector is a medical device that is specifically designed to inject a precise dose of medication into the body through a pre-filled syringe. These devices are primarily used by patients who have been prescribed certain treatments for chronic conditions like allergies, multiple sclerosis, or rheumatoid arthritis and need to self-administer medication on a regular basis. Auto-injectors are user-friendly and easy to use, with a spring-loaded mechanism that delivers the medication automatically when the device is pressed against the skin. They often come equipped with safety features like a retractable needle to prevent accidental needle sticks after injection. The popularity of auto-injectors has risen in recent years due to their convenience and ease of use. They are used for a wide range of medications, including epinephrine, insulin, and certain biologic medications.
The rising prevalence of chronic diseases such as diabetes, rheumatoid arthritis, and multiple sclerosis, which require frequent injections is expected to drive the market growth. Patients with these conditions require frequent injections to manage their symptoms or to control their disease progression. Auto-injectors offer a convenient and easy way for patients to self-administer medication at home, reducing the need for frequent visits to healthcare facilities. Increasing demand for self-injection devices due to the convenience and ease of use they offer is influencing the market growth. Self-injection devices have become popular among patients who need to self-administer medication at home, as they provide a convenient and easy way to do so. With the rise in chronic diseases that require frequent injections, patients are seeking more convenient and efficient methods of self-administration. The availability of alternative drug delivery methods, such as oral medication, will hamper the market growth. The development of new drug delivery technologies may further increase the availability and popularity of alternative drug delivery methods. This could potentially reduce the demand for auto-injectors and limit the growth of the market. Increasing adoption of biosimilars and biologics, which require frequent injections creates ample growth opportunities for the market.
North America is expected to hold a significant share of the global disposable auto-injectors market. This is due to several factors, including the early adoption of technologically advanced products, increasing product approvals, and the rising prevalence of chronic diseases in the region. The high incidence of chronic diseases, such as cancers, is also contributing to the growth of the disposable auto-injectors market in North America. With a large patient population requiring frequent injections, there is a growing demand for convenient and efficient self-administration devices, such as disposable auto-injectors. Furthermore, the presence of established healthcare infrastructure and favorable government initiatives promoting the use of innovative medical devices is also driving the growth of the disposable auto-injectors market in North America. Overall, the combination of these factors is expected to continue to boost the disposable auto-injectors market in North America during the forecast period.
The report on global auto injector market covers segments such as type, and end user. On the basis of type, the sub-markets include disposable autoinjectors, and reusable autoinjectors. On the basis of end user, the sub-markets include home care settings, hospital and clinics, and others.
The report provides profiles of the companies in the market such as Phillips-Medisize, Amgen Inc., Jabil Inc., Bayer AG, Antares Pharma, SHL Medical AG, Teva Pharmaceuticals USA, Inc., BD, Ypsomed, and Novartis AG.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the auto injector market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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