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Global Autoinjectors Market © 2018 VynZ Research All rights reserved
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Global Autoinjectors Market
The global autoinjectors market is anticipated to grow at a CAGR of 16.9% during the forecast period with its market size reaching USD 4.5 billion by 2024. The market is growing at a significant rate due to mounting occurrence chronic and lifestyle associated diseases, escalating occurrence of anaphylaxis, and advancement in technology. The autoinjector is a small device designed to deliver a specific dose of a particular drug. These are usually spring-loaded syringes that are mainly invented for comfortable and safe dispensation of the drugs. Š 2018 VynZ Research All rights reserved
Global Autoinjectors Market The mounting occurrence of chronic and lifestyle associated diseases, increasing number of regulatory approvals, technological improvement and design advancement, escalating patient attentiveness and inclination of patients regarding self-administration, mounting self-medication practice, and promising reimbursements and government funding are the primary growth drivers for autoinjectors market. For instance, according to the World Health Organization (WHO), globally the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014. Patent expiry of biologics, novel formulations and innovative drug delivery systems, conjoined with invention and improvements in the biological drugs, mounting healthcare expenditure, escalating occurrence of anaphylaxis and accessibility of generic varieties of autoinjectors are also facilitating the growth for the autoinjectors market. For instance, according to the World Allergy Organization, food allergy affects approximately 2.5 percent of the general population. Š 2018 VynZ Research All rights reserved
Global Autoinjectors Market Asia-Pacific is observed to witness the fastest growth in the market, due to mounting occurrence of chronic and lifestyle associated diseases. In addition, escalating occurrence of anaphylaxis, growing medical tourism and mounting healthcare expenditure are also creating a positive impact on the autoinjectors market growth in the region. Key players in the autoinjectors market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In December 2016, Mylan N.V. launched the authorized generic for EpiPen, as an autoinjector. Abbvie, Ypsomed, Consort Medical, Johnson & Johnson, Mylan, Becton, Dickinson and Company, Amgen, Haselmeier, ELI Lilly, Owen Mumford, Scandinavian Health Limited and Antares Pharma are the key players offering autoinjectors. Š 2018 VynZ Research All rights reserved
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Š 2018 VynZ Research All rights reserved