openPR Logo
Press release

Wearable Injectors Industry Is Expand at a CAGR of 13.3% to Reach USD 21.7 billion by 2031

03-31-2023 07:57 AM CET | Health & Medicine

Press release from: Global Insight Services

Wearable Injectors Market

Wearable Injectors Market

The global wearable injectors market was valued at USD 5.3 billion in 2021 and it is anticipated to grow up to USD 21.7 billion by 2031, at a CAGR of 13.3% during the forecast period.

Drug delivery systems known as wearable injectors attach to the body and automatically administer patients' prescribed doses at the right moment. Wearable injectors, in contrast to insulin pumps, is a one-time use devices that are comfortably worn on the body while the medication is subcutaneously injected over a pre-programmed period of seconds or hours. They are taken out of the body and conveniently disposed after the entire dose has been injected. The concept of patient centricity and a greater emphasis on human factors in drug delivery design have encouraged the development of such devices.

Request Sample Report : https://www.globalinsightservices.com/request-sample/GIS10384

Market Trends and Drivers

A growing emphasis on the use of biologics and monoclonal antibodies (mAbs) to treat diseases such as rheumatoid arthritis, cardiovascular disease, and cancer will provide significant growth opportunities for wearable injectors, as these drugs must be administered parenterally (intravenous, subcutaneous, or intramuscular delivery). According to PhRMA (Pharmaceutical Research and Manufacturers of America), 907 biologics were in development in 2013; the number of biologic drugs in development is continuing to grow exponentially, with over 2,700 remedies in development as of mid-2017, more than tripling the 907 in development in 2013. mAb-based biotherapies account for half of the top 100 drugs and are expected to continue to dominate the pharmaceutical market.

Market Restraints and Challenges

Wearable injectors are not reimbursed in a number of developing countries. In India, for example, wearable insulin pumps are not reimbursed, and no specific guidelines for their use are provided on prescription. Patients with Type 1 diabetes in China must pay for insulin pumps and supplies out of pocket. The lack of reimbursement has a direct impact on access to and adoption of wearable injectors, and is thus expected to have a negative impact on market growth in the coming years.

Read Full Research Report : https://www.globalinsightservices.com/reports/wearable-injectors-market

Market Segments

By Type

• On-Body
• Off-Body

By Technology

• Spring-based
• Motor Driven
• Rotary Pump
• Expanding Battery

Major Players in the Global Wearable Injectors Market

The key players in the market are 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), ATS Automation (Canada), West Pharmaceutical Services, Inc. (US), Tandem Diabetes Care (US), Sonceboz (Switzerland), Noble (US), Elcam Drug Delivery Devices (Israel), Bespak Europe Ltd. (UK), Stevanato Group (Italy), Sorrel Medical (Israel), Weibel CDS AG (Switzerland), and Neuma (US) among others.

Buy Now : https://www.globalinsightservices.com/checkout/single_user/GIS10384

Reasons to buy Wearable Injectors Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

New Report Published by Global Insight Services : https://www.globalinsightservices.com/reports/hydrogen-projects-database/

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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 Wearable Injectors Industry Is Expand at a CAGR of 13.3% to Reach USD 21.7 billion by 2031 here

News-ID: 2995555 • Views: 164

More Releases from Global Insight Services

Predictive Dialer Software Market is expected to witness Incredible Growth during 2022-2031 | Redcloud Inc, Voicent Communications Inc, Vanillasoft, Safesoft Solutions Inc
Predictive Dialer Software Market is expected to witness Incredible Growth durin …
New York, Predictive dialer software is a type of auto dialer that is used to automatically dial large numbers of phone numbers. The software is designed to predict when a human agent will be available to speak to the person who answers the phone and will only connect the call when an agent is available. This helps to improve the efficiency of call center operations by reducing the amount of
Aerospace And Defense MRO Market Demand, Overview, Size, Trend, and Key Players Names: Collins Aerospace., GE Aviation, Israel Aerospace Industries (IAI), United Technologies Corporation
Aerospace And Defense MRO Market Demand, Overview, Size, Trend, and Key Players …
New York, Aerospace and defense MRO is a type of maintenance, repair, and operations (MRO) that is specific to the aerospace and defense industries. MRO is a general term that refers to the maintenance, repair, and operations of equipment and facilities. Aerospace and defense MRO specifically refers to the maintenance, repair, and operations of aircraft, spacecraft, and defense systems. It includes a wide range of activities, from routine maintenance and repairs
Procurement As A Service Market Showing Impressive Growth during Forecast Period 2022 - 2032 | InfosysGEP, Genpact, Proxima
Procurement As A Service Market Showing Impressive Growth during Forecast Period …
New York, Procurement as a Service (PaaS) is a cloud-based application that enables organizations to manage and automate their procurement processes. PaaS includes a suite of tools for managing supplier relationships, sourcing, contract management, and spend analysis. It offers a self-service portal for suppliers, a catalog of goods and services, and a marketplace for sourcing and procuring goods and services. PaaS is delivered as a subscription service and is typically
Nylon Market Overview by Rising Demands and Scope 2023 to 2031 | Lanxess AG, Huntsman Corporation, AdvanSix Inc
Nylon Market Overview by Rising Demands and Scope 2023 to 2031 | Lanxess AG, Hun …
New York, Nylon is a synthetic polymer that was first developed in the 1930s. It is strong and durable, making it a popular choice for a variety of applications, including clothing, ropes, and tires. Nylon can be produced in a variety of colors, and it can be used to create a variety of different fabrics. Request for a sample data and methodology of Report: https://www.globalinsightservices.com/request-sample/GIS21371/ Key Trends There are several key

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 time …
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