Self-Administered Medication Market Is Forecast To Surpass USD 200.5 Billion By 2032

The rising prevalence of chronic diseases is expected to boost the global market for self-administered medication. Furthermore, increased manufacturer collaboration is expected to have an impact on the global market growth of self-administered medication. Fact. According to MR, the global market for self-administered medication is expected to grow at an 8.5% CAGR from 2017 to 2026.

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Competitive Landscape

Due to the presence of numerous domestic and regional players, the global self-administered medication market is highly fragmented and competitive. Key players use a variety of marketing strategies, such as mergers and acquisitions, expansions, collaborations, and partnerships.

Furthermore, leading companies use new product development as a strategic approach to increase their market presence among consumers. These strategies have resulted in the incorporation of advanced self-administered medication.

In a recently published report, Fact.MR provided detailed information about the price points of the top manufacturers of self-administered medication market positioned across regions, sales growth, production capacity, and speculative technological expansion.

For example:

In 2021, Abbott Laboratories announced the acquisition of a medical device company, Walk Vascular LLC, which will expand Abbott's peripheral vascular offering and drive endovascular therapy solutions, thereby improving patient care.
Pfizer Inc. announced plans to acquire Trillium Therapeutics Inc. in 2021. Trillium Therapeutics is a clinical-stage immuno-oncology company that develops novel cancer treatments.
Novartis will acquire The Medicines Company in 2020. This acquisition will provide a once-in-a-lifetime opportunity to use vaccines to treat the world's leading cause of disability and mortality.

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Global Self-Administered Medication Market Segments

By Product Type, Global Self-Administered Medication Market is segmented as:

Oral

Subcutaneous

Nasal

Transdermal

By Formulation, Global Self-Administered Medication Market is segmented as:

Solid Self-Administered Medication

Semi-Solid Self-Administered Medication

Liquid Self-Administered Medication

By Application, Global Self-Administered Medication Market is segmented as:

Cardiovascular Diseases

Diabetes

Osteoporosis

Pain Management

Hormone Replacement

Others

By Sales Channel, Global Self-Administered Medication Market is segmented as:

Online Sales

Offline Sales

Hospital Pharmacies

Retail Pharmacies

Other Sales Channel

By Region, Global Self-Administered Medication Market is segmented as:

North America

Latin America

Europe

East Asia

South Asia & Oceania

MEA

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Sales to Remain High in the Hospitals
Demand for inhalers is expected to rise as the prevalence of diseases such as asthma and bronchitis rises. In terms of product type, the inhalers segment is expected to see significant revenue growth, reaching more than US$ 20,000 Mn by the end of 2026.

In contrast, the insulin product type segment is expected to grow at a healthy CAGR over the forecast period. In terms of revenue, the nasal route of administration segment is expected to grow significantly, accounting for more than US$ 10,000 Mn by the end of 2017. The transdermal route of administration, on the other hand, is expected to grow at a rapid pace throughout the forecast period.

Which region has the highest increased demand for Self-Administered Medication Market?
The self-administered medication market in North America has the largest market share of 25.2%. The rising prevalence of bone disorders, diabetes, cancer, and other diseases is expected to drive strong demand for the self-administered medication market.

Furthermore, the rising number of admissions in the region's facilities, combined with the availability of insurance for some self-administered drugs, is influencing the market. As a result, the market is expected to grow at a CAGR of 9.2% between 2022 and 2032.

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