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Wearable Injectors Market 2021 Size & Share Analysis: Becton, Dickinson and Company, Ypsomed, Amgen, Subcuject, Enable Injections, Medtronic Plc, Insulet Corporation

08-02-2021 11:14 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: ReportsnReports

Wearable Injectors Market report gives details about the market drivers and market restraints that help in knowing the rise or fall of the demand of a particular product with respect to market conditions. This industry analysis report comprises estimations of the recent state of the market, CAGR values, market size and market share, revenue generation, and necessary changes required in future products. Strategic aspects of the Medical Devices industry such as product development and specification, technology, niche growth opportunities, application modelling, and new geographical markets can be undertaken with the vast information and data included in this Wearable Injectors Market report.

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The global wearable injectors market is projected to reach USD 11.5 billion by 2026 from USD 7.2 billion in 2021, at a CAGR of 9.9% during the forecast period.

The prominent players in the wearable injectors market include:

Becton, Dickinson and Company(US), Ypsomed(Switzerland),
Amgen(US),
Subcuject(Denmark),
Enable Injections(US),
Medtronic Plc(Ireland),
Insulet Corporation(US),
United Therapeutics Corp (Us),
CeQur SA(Switzerland),
Sensile Medical(Switzerland),
Steadymed Therapeutics (US),
ATS Automation(Canada),
West Pharmaceutical Services, Inc(US),
Unilife Corporation(UK),
Tandem Diabetes Care(US),
Valeritas(US),
Bühler Motor(Switzerland),
Sonceboz(Switzerland),
Noble(US),
Elcam Drug Delivery Device(Israel),
Bespak (UK),
Stevanato Group(Italy),
Sorrel Medical(Israel),
Weibel CDS AG(Switzerland),
and Neuma(US).

Growth in this market is mainly driven by factors such as the shift of healthcare delivery toward homecare due to COVID-19, advantages of wearable injectors in the administration of various drugs, the rising prevalence of chronic diseases (such as cancer, diabetes, and CVD), favorable reimbursement scenario in major markets, and technological advancements in injector devices. However, the preference for alternative drug delivery modes, high costs, and a poor reimbursement structure in developing countries are expected to limit the adoption of wearable injectors to a certain extent.

“The on-body injectors segment holds the highest market share, by type, in the wearable injectors market, in the forecast period.”

By type, the global wearable injectors market is segmented into on-body injectors and off-body injectors. The on-body injectors segment accounted for the largest share in the forecast year. The large share of this segment can be attributed to the patients ease to deliver a precise amount of drug to the body over a controlled period of time.

“The spring based segment holds the highest market share, by technology, in the wearable injectors market, in the forecast period.”

Based on technology, the wearable injectors market is segmented into spring-based, motor-driven, rotary pump, expanding battery, and other technologies. The spring-based technology segment accounted for the largest share in the forecast period. The large share of this segment can be attributed to the rising demand for adhesive patches, as these devices are user-friendly and enable patients to accurately deliver the required drug subcutaneously.

“The diabetes segment holds the highest market share, by therapy, in the wearable injectors market, in the forecast period.”

Based on therapy, the wearable injectors market is segmented into immuno-oncology, diabetes, cardiovascular diseases, and other therapies (such as Parkinson’s disease, thalassemia, and primary immunodeficiency disorders). The diabetes segment accounted for the largest share in the forecast period. The large share of this segment can be attributed to The high burden of diabetes across the globe, coupled with the growing availability of wearable injectors for the treatment of these diseases, is driving the growth of this market segment.

“In wearable injectors market by end user segment, Hospitals and clinics holds the highest market share”

Based on end user, the wearable injectors market is segmented into hospitals and clinics and home healthcare settings. The hospitals and clinics segment accounted for a larger market share during the forecast period. The large share of this segment can primarily be attributed to the rising preference for the self-administration of medication and the increasing need to curb healthcare costs. In addition, the growing demand for technologically developed drug delivery approaches, which lower the hospitalization rate and require minimal expertise, is expected to boost the growth of the home healthcare settings segment.

“North America holds the largest share in the wearable injectors market, by region, in the forecast period”

The wearable injectors market in North America accounted for the largest market during the forecast period. The large share of North America in this market is to the rising prevalence of chronic and lifestyle-related diseases and the presence of advanced healthcare infrastructure in the region. However, the Europe market is estimated to grow at the highest CAGR during the forecast period owing to factors such as the Increasing prevalence of chronic diseases, Government support for drug development in Germany, Rising focus on biosimilar innovation in the UK, Favorable reimbursement scenario for various treatment options in France.

A breakdown of the primary participants for the wearable injectors market referred to for this report is provided below:

By Company Type: Tier 1–55%, Tier 2–25%, and Tier 3–20%
By Designation: C-level–43%, Director Level–32%, and Others–25%
By Region: North America–38%, Europe–23%, Asia Pacific–29%,RoW- 10%

Research Coverage:

The report analyzes the market for various wearable injectors and their adoption pattern. It aims at estimating the market size and future growth potential of the global wearable injectors market and different segments such as type, technology, therapy, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product& service offerings, and recent developments.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would helpthemgarner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening their market presence.

This report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global wearable injectors market

Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product or service launches in the global wearable injectors market

Market Development: Comprehensive information on the lucrative emerging regions by type, technology, therapy, end user, and region

Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global wearable injectors market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, revenue analysis, and products& services of leading players in the global wearable injectors market.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions And Exclusions
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Wearable Injectors Market Segmentation
Figure 2 Wearable Injectors Market, By Region
1.3.2 Years Considered For The Study
1.4 Currency
Table 1 Standard Currency Conversion Rates
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 3 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 4 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
Figure 5 Breakdown Of Primary Interviews: Supply-Side And Demand-Side Participants (Wearable Injectors Market)
Figure 6 Breakdown Of Primary Interviews (Supply Side): By Company Type, Designation, And Region
2.2 Market Size Estimation
Figure 7 Supply-Side Market Size Estimation: Revenue Share Analysis
Figure 8 Revenue Share Analysis Illustration: Amgen Inc.
Figure 9 Supply-Side Market Size Estimation: Wearable Injectors Market (2020)
Figure 10 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges For The Wearable Injectors Market (2021-2026)
Figure 11 Cagr Projections: Supply-Side Analysis
Figure 12 Bottom-Up Approach
Figure 13 Top-Down Approach
2.3 Market Breakdown And Data Triangulation
Figure 14 Data Triangulation Methodology
2.4 Market Ranking Estimation
2.5 Assumptions For The Study
2.6 Risk Assessment
2.7 Covid-19 Health Assessment
2.8 Assessment Of The Impact Of Covid-19 On The Economic Scenario In The Wearable Injectors Market
Figure 15 Wearable Injectors Market, By Type, 2021 Vs. 2026 (Usd Million)
Figure 16 Wearable Injectors Market, By Technology, 2021 Vs. 2026 (Usd Million)
Figure 17 Wearable Injectors Market, By Therapy, 2021 Vs. 2026 (Usd Million)
Figure 18 Wearable Injectors Market, By End User, 2021 Vs. 2026 (Usd Million)
Figure 19 Geographic Snapshot Of The Wearable Injectors Market

3 Executive Summary

4 Premium Insights
4.1 Wearable Injectors Market Overview
Figure 20 Shift Of Healthcare Delivery Toward Homecare Due To Covid-19 Is Driving Market Growth
4.2 North American Wearable Injectors Market, By Country And Therapy
Figure 21 Diabetes Segment Commanded The Largest Share Of The North American Market In 2020
4.3 Wearable Injectors Market: Geographic Growth Opportunities
Figure 22 Market In China To Witness The Highest Growth During The Forecast Period
4.4 Wearable Injectors Market: Regional Mix
Figure 23 North America Is The Largest Market For Wearable Injectors

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 24 Wearable Injectors Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Shift Of Healthcare Delivery Toward Homecare Due To Covid-19
5.2.1.2 Advantages Of Wearable Injectors In The Administration Of Various Drugs
5.2.1.3 Growing Prevalence Of Chronic Diseases
5.2.1.4 Favorable Reimbursement Scenario In Major Markets
5.2.1.5 Technological Advancements And Design Development
5.2.2 Restraints
5.2.2.1 Preference For Alternative Drug Delivery Modes
5.2.2.2 High Cost Of Wearable Injectors
5.2.3 Opportunities
5.2.3.1 Increasing Demand For Biologics And Mabs
Figure 25 Us: Biologic Medicines In Development, 2017
5.2.4 Challenges
5.2.4.1 Unfavorable Reimbursement Structure In Developing Countries

6 Industry Insights

7 Wearable Injectors Market, By Type

8 Wearable Injectors Market, By Technology

9 Wearable Injectors Market, By Therapy

10 Wearable Injectors Market, By End User

11 Wearable Injectors Market, By Region

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