Press release
Wearable Injectors Market is Set for Strong Growth, To Reach US$ 14.4 Billion by 2027
Wearable injectors (WIs), or patch pumps, are medical devices designed for efficient drug delivery over extended periods. They are programmed to administer precise doses of medication at optimal intervals and are temporarily affixed to the skin for subcutaneous delivery of high-viscosity drugs in large volumes. They consist of a reservoir for storing the drug, a cannula for delivering the substance, and a drive system for accurate dosing. In addition, these devices are disposable, user-friendly, and cause minimal discomfort for patients compared to traditional vials and syringes. Consequently, wearable injectors are widely used for the management of chronic conditions such as rheumatoid arthritis, cancer, diabetes, and cardiovascular diseases.
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Wearable Injectors Market Trends:
The market is primarily driven by the increasing incidences of chronic diseases, such as oncological, neurological, and autoimmune disorders. In addition, the growing geriatric population that is highly susceptible to these illnesses and the rising demand for minimally invasive (MI) treatment options are contributing to the market growth. Moreover, the recent onset of the coronavirus (COVID-19) pandemic prompted the entire healthcare system to switch to home-based therapies to contain the spread of the virus, which represents another major growth-inducing factor. Besides this, the increasing inclination toward at-home and self-administrable injectors, which effectively manage disorders with precise dosing and minimize the risk of needle stick injuries, is accelerating the product adoption rate. Furthermore, the introduction of passive warning systems, wireless connectivity, and Bluetooth technologies with the injectors, along with extensive research and development (R&D) activities by key players, are creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
On-body
Off-body
Breakup by Technology:
Spring-based
Motor-driven
Rotary Pump
Expanding Battery
Others
Breakup by Application:
Oncology
Infectious Diseases
Cardiovascular Diseases
Autoimmune Diseases
Others
Breakup by End Use:
Hospitals and Clinics
Home Care
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape:
Becton Dickinson and Company
CeQur SA
Debiotech SA
Dexcom Inc.
Enable Injections Inc.
Gerresheimer AG
Insulet Corporation
Tandem Diabetes Care Inc.
West Pharmaceutical Services Inc.
Ypsomed AG
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