Global Autoinjectors Market – Analysis and Forecast (2018-2024)

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Global Autoinjectors Market

Industry Overview

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. Autoinjectors 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.

Global Autoinjectors Market

Growth Drivers 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 World Health Organization (WHO), globally the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014. Explore Full Report Description at: https://www.vynzresearch.com/healthcare/autoinjectors-market

Global Autoinjectors Market

Geographic Overview Geographically, North America is the largest autoinjectors market as in the region the occurrence of chronic and autoimmune disease is increasing. For instance, according to Centers for Disease Control and

Prevention (CDC), in 2015 approximately 23.1 million people in the U.S. had diabetes. Asia-Pacific is observed to witness 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.

Global Autoinjectors Market

Competitive Insight 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.

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