Medical devices such as autoinjectors have gained significant traction in recent years to their utility in situations that require efficient and effective administration of medicine. Market reports connected with the healthcare industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is anticipated to flourish with a CAGR of 22% in the forecast period.
The application of spring-loaded syringes is one of the key factors motivating the development of the autoinjector market. The increasing occurrence of targeted therapies coupled with the growing prevalence of chronic diseases is anticipated to boost the development of the autoinjectors market. The progress in technology related to production and design development in autoinjectors is forecasted to create enhanced opportunities for the development of the market in the approaching period.
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Segmental Analysis
The autoinjectors market has been segmented on the basis of therapy, type, region, and distribution channel. On the basis of type, the autoinjectors market has been segmented into reusable autoinjectors and disposable autoinjectors. Based on therapy, the market for autoinjectors has been segmented into multiple sclerosis, diabetes, rheumatoid arthritis, anaphylaxis, and others. On the basis of distribution channel, the autoinjectors market has been segmented into hospital pharmacies, retail pharmacies, and others. The autoinjectors market includes regions such as Europe, the Middle East, the Americas, Asia Pacific, and Africa.
Regional Analysis
The Americas make up the most significant share of the global market and is followed closely by Europe which accounts for the second most significant region. A high prevalence of auto-immune conditions such as widespread allergies in these regions, combined with the availability of high-quality health care, a high number of leading market players and availability of research budgets act as crucial factors driving the growth of the autoinjectors market.
Meanwhile, the Asia Pacific is anticipated to grow at the highest CAGR during the forecast period due to the presence of a massive patient population and consistently growing economy. Emerging economies such as India are undergoing a transformation in healthcare with increasing investments being made in advancing the level of care offered in the region. A high diabetic population also spurs the demand for autoinjectors in the region.
Competitive Analysis
The global autoinjectors market is experiencing a considerable transformation that has accelerated its growth. The key players in this market are using their primary resources for initiating a trend of adequate, volume-driven growth which the market has observed through the creation of various forms of products. Highest long-term growth here can be harnessed ensuring the ongoing process improvements coupled with maintaining financial stability for investing in the best strategies. The companies that are looking forward to capture a favorable share in the autoinjectors market right away are implementing as well as experimenting with different advantage points.
Major Players
Players leading the global autoinjectors market are Becton, Dickinson and Company (US), Amgen Inc. (US), AbbVie Inc. (US), Eli Lilly and Company (US), Mylan NV (US), Ypsomed (Switzerland), Consort Medical (UK), Owen Mumford Ltd (UK), SHL Group (Taiwan), Teva Pharmaceutical Industries Ltd (Israel), Antares Pharma (US), and Johnson & Johnson Services Inc. (US), among others.
Industry/Innovation/Related News:
August 30, 2019 ----- Aterica Digital Health (Canada), a consumer-focused digital health company, announced the availability of its Veta App and a network of sensor-filled Veta Smart Case-enabled epinephrine autoinjectors in Walgreens store.
Veta™ Smart Case & App are the first-ever comprehensive anaphylaxis and food allergy support system. This expanded consumer access to the device demonstrates Aterica’s commitment to offer an advanced patient-friendly solution to ease the challenges of daily vigilance, providing greater independence.
August 27, 2019 ----- Oval Medical Technologies Ltd. (the UK), a leading developer of patient-centric autoinjectors, announced its shifting of production to a purpose-designed facility in Cambridge Research Park, signaling it as a new stage in its growth.
The new facility offers good manufacturing practice (GMP) labs, enhanced device development, space to house the expanded team, and room for growth-supporting pharmaceutical companies. The move also supports the needs for injection platforms to deliver subcutaneous and intramuscular drug formulations, meeting the huge demand.
Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Overview
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
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