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Wearable Injectors Market is estimated to expand at a CAGR of 13.3% by 2031 | Medtronic plc (Ireland), Insulet Corporation (US)
Wearable Injectors Market
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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.
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).
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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.
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.
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COVID-19 Impact
The COVID-19 pandemic's uncertainty has influenced demand for various therapies and wearable drug delivery devices. To prevent the spread of the infection and to keep high-risk patients from becoming infected, healthcare systems around the world delayed treatments for diseases such as cancer. The risks for patients receiving care increased as the pandemic began. During the pandemic, hospitals, where the majority of patients receive treatment, also became high-risk environments. To address these challenges and provide effective care to patients suffering from various diseases, a shift from hospital-based care to home-based care has occurred.
Due to the COVID-19 pandemic, NHS England in the United Kingdom implemented a programme that allows cancer patients to receive convenient, non-hospital-based treatments. During this pandemic, the use of wearable injectors for the delivery of oncology drugs and other maintenance therapies that are currently in clinical trials has gained traction.
Market Segments
By Type
On-Body
Off-Body
By Technology
Spring-based
Motor Driven
Rotary Pump
Expanding Battery
By Application
Diabetes
Oncology
Cardiovascular Disease
Others
By End-use
Clinics
Hospitals
Ambulatory Surgery Centers
Home Care Settings
Others
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