Autoinjectors Market:
Executive Summary
Global Autoinjectors Market is valued approximately at USD 1.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 18% over the forecast period 2020-2027. An autoinjector is a type of medical device intended to provide a dose of a specific drug. It has a syringe-like structure with a spring-charged needle allowing a pre-charged dosage of drugs. Autoinjectors are extensively utilized for epinephrine self-administration (to inhibit the prevalence of anaphylaxis); by migraine patients (for instant pain relief); or in an emergency and medical treatments. Auto-injectors are increasingly preferred over traditional devices since they facilitate advanced and effective drug delivery as well as new formulations. Further, they are often used to provide a variety of benefits, such as reducing needle-associated phobia syndrome, lowering hazards of needle stuck mishaps, ensuring dosage quality stability, and also helps to increase effectiveness, thereby accelerating the market growth worldwide. Moreover, the rise in prevalence of multiple sclerosis and anaphylaxis, favorable reimbursements and government support, and the high availability of generic versions of autoinjectors are the few factors responsible for the CAGR of the market during the forecast period. According to the study of the National Multiple Sclerosis Society in 2017, nearly 1 million adults (up to 913,925) were living with multiple sclerosis in the United States. This estimation is more than double the previously reported numbers from a national study since 1975. Also, as of March 2020, over 2.3 million people get diagnosed of multiple sclerosis around the world. This, in turn, is expected to strengthen the demand for Autoinjectors, thereby contributing to the market growth across the globe. However, the availability of substitute products such as general injections and oral tablets is one of the major factors inhibiting the market growth over the forecast period of 2020-2027.
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The regional analysis of the global Autoinjectors market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the government support and rising demand for high-quality medical products, along with the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in incidences of autoimmune and chronic diseases coupled with the improving healthcare infrastructure in developing countries, such as China and India, would create lucrative growth prospects for the Autoinjectors market across the Asia-Pacific region.
Major market player included in this report are:
Amgen Inc.
Antares Pharma, Inc.
Becton Dickinson and Company
Eli Lilly and Company
Johnson and Johnson
Mylan N.V.
Novartis AG
SHL Medical
Teva Pharmaceutical Industries Ltd
Ypsomed AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Disposable Autoinjectors
Reusable Autoinjectors
By Application:
Rheumatoid Arthritis
Anaphylaxis
Multiple Sclerosis
Others
By End-User:
Home Care Settings
Hospitals & Clinics
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Autoinjectors Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continuous…
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NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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