openPR Logo
Press release

Healthcare-Based VR And AR To Be The Major Factor Driving The Wearable Injectors Market, Reaching USD 17.6 Bn

Healthcare-Based VR And AR To Be The Major Factor Driving

The Wearable Injectors Market is slated to grow at a gracious rate of 11.8%, reaching USD 17.6 Bn by the year 2031. With value-oriented approach being the need of the hour, the healthcare vertical is likely to go the technologically advanced way in the next 10 years. With Big Data, AI comprising these advancements, the healthcare vertical is bound to create greater strides going forward.

According to recent research by Persistence Market Research, the global wearable injectors market is likely to witness high growth during the forecast period. The market is anticipated to rise from US$ 5 Bn in 2020 to over US$ 17.6 Bn by 2031, expanding at a CAGR of around 11.8% over the forecast period (2021-2031)

Demand for wearable injectors is rising because of the uncertainty caused by the COVID-19 pandemic that has increased the need for different therapies and wearable drug delivery devices. Demand increased as hospital visits for disease treatment and management declined in order to avoid spreading infection.

Healthcare systems across the globe took various preventive measures and postponed treatment for various diseases such as cancer and diabetes. A large number of patients receiving treatments at hospitals were at high-risk during the pandemic. In an effort to counter these challenges and provide effective care to patients suffering from various diseases, there was a shift from hospital-based care to home-based care.

Planning Forward? Access Sample Of Wearable Injectors Market Report! https://www.persistencemarketresearch.com/samples/21463

Self-administration of medications using automated injectors allows for usage flexibility together with ease of use and at the convenience of doing it at home. Furthermore, use of these injectors reduces overall cost of the treatment as it saves on time and travel. The shifting trend from using traditional syringes to wearable injectors has spread across various regions and emerging countries. Thus, it is expected for manufacturers of wearable injectors to have a great demand outlook over the coming years.

Company Profiles:

Medtronic Plc.
Enable Injections LLC
Becton, Dickinson and Company
Insulet Corporation
Dexcom, Inc.
Valeritas,Inc
Ypsomed Group
West Pharmaceutical Services, Inc.
Bespak
Amgen Inc.

How About Revitalizing The Strategy-Oriented Funnel To Stay Ahead In The Wearable Injectors Market? https://www.persistencemarketresearch.com/methodology/21463

Key Takeaways from Market Study

Body-worn patch injectors can deliver drugs subcutaneously with maximum safety and least chances of getting contaminated, making them the highest market shareholder in the product segment. The segment is expected to hold more than 80% market share through 2031.

Retail pharmacies are the most lucrative distribution channel segment with a market share of nearly 34.8%.

Availability of technologically advanced medical devices and presence of key players make North America the largest market by region, with this market slated to expand at a CAGR of nearly 10% over the forecast period.

"Ease of drug administration and usage flexibility of wearable injectors are expected to fuel demand over the coming years," says a Persistence Market Research analyst.

Planning To Introduce An Offbeat Product/Technology In The Wearable Injectors Market? Go To "Purchase Now" To Have Our Wearable Injectors Market Report! https://www.persistencemarketresearch.com/checkout/21463

Who is Winning?

Key suppliers of wearable injectors are focusing on strategic activities such as exclusive distribution partnerships and collaborations with distributors and suppliers in order to strengthen their presence in the market.

For instance, in June 2016, Ypsomed collaborated with Novo Nordisk to deliver innovative care solutions to diabetic patients by providing new solutions in insulin pump therapy.

In 2018, Valeritas signed two distribution agreements for commercialization of its V-Go® wearable insulin delivery device - with AMSL diabetes and NZMS diabetes for Australia & New Zealand, and with MED TRUST in Austria and Germany.

Prominent players in this industry include Medtronic Plc, Becton, Dickinson and Company, Enable Injections LLC, Insulet Corporation, Dexcom, Inc., Valeritas, Inc., Ypsomed Group, West Pharmaceutical Services, Inc., Bespak, and Amgen Inc.

Want More Valuable Insights?

Persistence Market Research brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031.

The global wearable injectors market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights into wearable injectors market. The market is segmented into three parts based on product (body-worn patch injectors and off-body worn injectors), distribution channel (hospital pharmacies, retail pharmacies, and e-Commerce), and across seven major regions of the world.

Access Related Reports-

Fall Detection System Market: https://www.persistencemarketresearch.com/market-research/fall-detection-system-market.asp

Sleep Aids Market: https://www.persistencemarketresearch.com/market-research/sleep-aids-market.asp

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About Us:

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Healthcare-Based VR And AR To Be The Major Factor Driving The Wearable Injectors Market, Reaching USD 17.6 Bn here

News-ID: 2625834 • Views: …

More Releases from Persistence Market Research

Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview: The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period. Market Size and Growth: The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and…
The Global Graphene Market's Striking Growth and Innovative Applications
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities. Get Access To…
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analysis, Emerging Trends with Upcoming Developments
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview: The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033. The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an…
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation and Industry Size
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products. To obtain the latest market…

All 5 Releases


More Releases for Wearable

Wearable Injectors Market | On-body Wearable Injectors, Off-body Wearable Inject …
A report by Transparency Market Research (TMR) throws light on the key dynamics operating within the global market for wearable injectors. The competitive landscape of the global market for wearable injectors has witnessed the entry of several newbie players over the past decade. This abrupt influx of new vendors can be attributed to the large market gap and lucrative growth opportunities floating in the global wearable injectors market. In order…
WEARABLE TECHNOLOGY REVOLUTION IN THE HEALTHCARE INDUSTRY BY DEVICES (WEARABLE M …
The various scientific advancements are constantly transforming the healthcare industry to improve patient care and diagnosis. The advent of smart wearable technology is modifying the healthcare industry in the form of wearable medical devices. Let’s take a look at some of the most trending gadgets that are enhancing the lives of patients using this user-friendly wearable technology: Biopatches, Bands, and Phone Pads for Heart Rate Monitoring: Biopatches are lightweight, wireless diagnostic wearable…
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other…
Wearable Medical Device Market: Wearable health devices offer ‘stitch in timeâ …
Market Highlights Increasing penetration of smartphones and rising number of smartphone based healthcare applications compatible with devices is expected to spur the market demand over the forecast period. Furthermore, growing awareness about physical fitness and increasing preferences for wireless connectivity among the healthcare providers is also projected to impact the industry growth positively. North America regional market is projected to dominate the wearable medical device market, followed by Europe which can…
Wearable Technology and IOT Wearable Device Market - The Adoption of Wearable De …
The global wearable technology and IoT wearable device market is foretold to witness lucrative business prospects owing to the ever-increasing demand for wearable devices. Wearable technology includes smart electronic devices that can be worn on the body as accessories. Wearable devices such as smart watches are a good example of Internet of Things. The application base of wearable technology is expanding with the expansion of the technology itself. Consumer electronics such…
Wearable Fitness Technology Market - Increasing Consumer Preferences Regarding W …
Wearable fitness technology concerns any kind of electronic product that have been designed to be worn by the person so that it can keep a track of its footsteps, heartbeat so that one can keep himself fit and fine and also give a real time information about the health of the overall body. The global Wearable Fitness Technology market is anticipated to witness a robust growth rate during the forecast…