Intramuscular injector Transforming the Life Science Industry with Latest Innovations | Industry Forecast 2023
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The global market of intramuscular injectors is driven by the growing prevalence of chronic diseases that require medication through the muscles, the increased demand for biosimilars and vaccination, and the increased demand for medication administration due to their advantage. However, the high cost of pre-loaded injectors and the rigorous approval processes restrict market growth. Conversely, an increase in the number of investors is anticipated due to the high demand for biological product development to provide lucrative growth opportunities to the market.
The global market of intramuscular injectors is segmented according to the product, the site and the end user. On the basis of the product, it is classified as a pre-refillable injection system and refillable needle-free injectors. According to the site, it is divided into dorsogluteal muscle or buttocks, deltoid muscle or upper arm, ventrogluteal or hip muscle, and vastus lateralis muscle or thigh. Based on the end user, it is classified in hospitals, clinics, ambulatory surgical centers and others. Geographically, it is analyzed in America, Europe, Asia-Pacific and LAMEA.
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The main market players have focused on the launch of products as their key strategy to meet the growing demand for medicines and vaccines in the market. For example, in December 2016, BD (Becton, Dickinson and Company) released the 2.25 ml BD Neopak pre-filled glass syringe. In February 2017, PharmaJet Inc. launched PharmaJet Stratis Injector, which is used to administer the influenza vaccine.
Major Market Players:
• Antares Pharma Inc.
• Endo International Plc.
• Bioject Medical Technologies Inc.
• PharmaJetMedical International Technology Inc.
• National Medical Products Co. Ltd.
• Valeritas Inc.
• European Pharma Group B. V.
• PenJet Corporation
• The report provides an extensive analysis of current trends and future estimates and dynamics of the global intramuscular injection market.
• This report provides an in-depth analysis of the industry by constructing market estimates of key market segments from 2016 to 2023.
• It provides a comprehensive analysis of the factors that drive and restrict market growth.
• The comprehensive analysis of the global market by type helps to understand the types of injectors that are currently used along with the variants that are expected to gain importance in the near future.
• The key market players and their strategies are analyzed thoroughly to understand the competitive perspective of the global market.
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