Autoinjectors Market to witness Highest Growth Rates by 2026
Autoinjectors Market Outlook 2019-2026:
Global Autoinjector
Market major players are Antares Pharma, Inc., Biogen Idec, Inc., Becton,
Dickinson and Company, Mylan, Inc., Pfizer, Inc., Novartis International AG,
Unilife Corporation, Ypsomed Holdings AG, Scandinavian Health Limited (SHL)
Group and Sanofi S. A. The key players are significantly involved in
geographical expansions and product innovation for strengthening their presence
and increasing their market share across the globe.
For instance, recently Biogen Idec, Inc.
received the FDA for its new drug Plegridy used in the treatment of multiple
sclerosis. The company has enhanced the drug by adding polymer named PEG
(polyethylene glycol) that increases the drug exposure in patients and lowers
the frequency of drugs administration as well. Autoinjector is used for
injecting the drug under the skin every two weeks.
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Autoinjector is a medical device used to
dispense a single dose of a drug, particularly, life-saving drugs. These
autoinjectors are usually spring-loaded syringes that are particularly designed
for easy and safe administration of the drugs. The injectable drug delivery
method is a technology driven market and has experienced a paradigm shift. The
traditionally used self-injection devices, which were merely used for
delivering human growth hormones and insulin are currently replaced by
technologically advanced autoinjectors. The autoinjectors have witnessed
substantial growth in the market due to the benefits offered over conventional
devices such as standard syringes for parental drug delivery. The risks
associated with conventional syringes include risk of missed injection and
discontinuation of drugs. These risks are overcome by autoinjectors and also
the healthcare cost is reduced as the number of visits to the hospital are
eventually curtailed. Thus autoinjectors have ensured better adherence to
patients for the treatment of several diseases. A variety of auto-injector
devices are available in the market and market would grow substantially to meet
the requirements for spurring innovation in therapeutic areas. Improving
patient compliance, simplifying self-administration, surge of biologics for
drug delivery and increasing incidences of diabetes and cancer are the key
factors that fuel the growth of autoinjector market. However, regulatory
hurdles, needle-stick infections and injuries restrain the growth of this
market.
The global autoinjector market is segmented on
the basis of product type, technology, usability, design, application and
geography. Based on product type, the market is segmented into fillable and
prefilled autoinjectors. On the basis of technology, the market is segmented
into automated and manual autoinjectors. Based upon usability, the market is
categorized into disposable and reusable autoinjectors. The autoinjector
market, based on design is categorized into standardized and customized. There
are several application of these devices for the treatment of diseases that include
rheumatoid arthritis, anaphylaxis, multiple sclerosis and others.
Geographically, the report is segmented across four regions viz., North
America, Europe, Asia-Pacific and LAMEA.
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KEY MARKET BENEFITS:
- This report provides an extensive analysis of the
current and emerging market trends along with the market dynamics of the
global autoinjector market
- Comprehensive analysis of factors that drive and
restrict the growth of the global autoinjector market is provided
- A comprehensive analysis of product types,
applications, customers and geography segments helps to identify the
growth opportunities in the global autoinjector market
- Competitive intelligence (of leading manufacturers and
distributors of leading autoinjector devices) highlights the business
practices followed by leading market players across the geographies
- The projections in the report are made by analyzing the
current market trends and market potential for the period of 2014-2020, in
terms of value
- Porters Five Forces analysis examines the competitive
structure of the global autoinjector market and would help market
strategists in making informed decisions
KEY MARKET SEGMENTS:
The global autoinjectors market is segmented
into product type, technology, usability, design, application and geography
segments.
Autoinjectors Market By Product type
- Fillable Autoinjectors
- Prefilled Autoinjectors
Autoinjectors Market By Technology
- Automated Autoinjectors
- Manual Autoinjectors
Autoinjectors Market By Usability
- Disposable Autoinjectors
- Reusable Autoinjectors
Autoinjectors Market By Design
- Standardized Autoinjectors
- Customized Autoinjectors
Autoinjectors Market By Application
- Rheumatoid Arthritis
- Anaphylaxis
- Multiple Sclerosis
- Others
Autoinjectors Market By Geography
- North America
- Europe
- Asia-Pacific
- LAMEA
Source medium: https://medium.com/@evanacook727/autoinjectors-market-size-share-and-global-outlook-by-2026-968630dcbc1f?postPublishedType=initial
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