Press release
Wearable Injectors Market Expands Rapidly with Modern Trends 2020 COVID-19 Pandemic Continues to Expand Quickly
Wearable injectors (WIs) are the drug delivery systems that can be attached to the patient's body for delivering larger volume of drugs, typically more than 2ml-10ml for longer duration. These devices are also used to transfer small doses of drugs into the body. Various such drug delivery systems are available today, as required by the patients. These devices are proficiently developed by the medical devices and pharmaceutical companies to offer the most efficient devices to users.The wearable injectors are specially designed to be installed on the patient's skin with minimal steps and conveniently. The volume of the dose and time for dosage is completely managed by the wearable device and is also injected in the patient's body as per the metabolism. These devices thoroughly supervise the body regulation and offer reports.
According to the report, the global wearable injectors market is estimated to be over US$ 4.5 Bn in 2017. It is anticipated to grow at a CAGR of 12.1% from 2019 to 2030.
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Major Players in the Wearable Injectors Market
The prominent players in the global wearable injectors market are Medtronic, Insulet Corporation, Tandem Diabetes Care, Amgen, Ypsomed, Becton Dickinson and Company, Enable Injections, Debiotech, Inc., Cellnovo, and Valeritas among others.
Segmentation Overview:
BY TYPE
Introduction & Definition
Off-Body Injectors
On- Body Injectors
Hand Held
Accessories
BY APPLICATION
Introduction & Definition
Diabetes
Oncology
Cardiovascular Diseases
Others
BY END USERS
Introduction
Hospitals
Clinics
Home Care Setting
Other End Users
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Adoption of Biologics & Latest Technology
Drug delivery systems with capability to deliver drugs of high viscosity and varying dosage have gained immense popularity with the introduction of biologics. Increasing application and popularity of biologics is anticipated to contribute positively to the growth of the wearable injector market. Similarly, inclusion of latest technologies such as data connectivity, digitalization in healthcare systems, advanced feedback mechanism have been highly beneficial in bringing down human error and simultaneously increasing the overall efficiency of the drug delivery process. Introduction of innovative technologies and simultaneous application of these in drug delivery systems is expected to present an attractive growth prospect for the market in the times to come.
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Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, increasing burden of chronic diseases and increasing adoption of technologies is anticipated to present a lucrative growth scenario for the wearable injectors market in this region. Furthermore, improving healthcare facilities, coupled with supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.
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