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Rising Chronic Disease Rates Set to Propel Autoinjectors Market Expansion in the Near By Future || AbbVie, Mylan, Eli Lilly and Company, Amgen
Autoinjectors Market
The Business Research Company's Autoinjectors Global Market Report 2023 identifies increasing prevalence of chronic diseases is the major driver for the autoinjectors market's growth in the forecast period. Chronic diseases are described as illnesses that last a year or longer and necessitate continuing medical attention. Chronic diseases such as heart disease, cancer, rheumatoid arthritis, and diabetes are the world's top causes of mortality and disability. Auto injection devices are intended for multiple injections of biologics and hormones in patients who require regular dosage for long-term management of medical circumstances such as diabetes and rheumatoid arthritis.
The global autoinjectors market size grew from $2.47 billion in 2022 to $3.01 billion in 2023 at a compound annual growth rate (CAGR) of 21.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The autoinjectors market size is expected to grow to $6.51 billion in 2027 at a CAGR of 21.3%.
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Major competitors in the autoinjectors market are AbbVie, Mylan, Eli Lilly and Company, Amgen, Becton Dickinson and Company, Johnson & Johnson.
A key trend in the autoinjectors market includes offering growing technological advancements. Major players operating in the autoinjectors sector are focused on developing technological solutions for autoinjectors to meet the demand for a viscous biologics delivery mechanism. For instance, in February 2021, Becton Dickinson (BD), a US-based medical device company is developing Intevia 2.25 mL based on thinner wall cannula technology.
Read More On The Global Autoinjectors Market Report Here: https://www.thebusinessresearchcompany.com/report/autoinjectors-global-market-report
The autoinjectors market is segmented -
1) By Type: Disposable Autoinjectors, Reusable Autoinjectors
2) By Therapy: Rheumatoid Arthritis, Multiple Sclerosis, Diabetes, Anaphylaxis, Other Therapies
3) By Route Of Administration: Subcutaneous, Intramuscular
4) By Distribution Channel: Online Retailer, Pharmacy
5) By End User: Home Care Settings, Hospitals And Clinics, Other End-Users
6) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the autoinjectors market.
The Business Research Company's "Global Autoinjectors Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Autoinjectors Market Include:
1. Executive Summary
2. Autoinjectors Market Characteristic
3. Autoinjectors Market Trends And Strategies
4. Autoinjectors Market - Macro Economic Scenario
5. Autoinjectors Market Size And Growth
……………
27. Autoinjectors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Autoinjectors Market
29. Autoinjectors Market Future Outlook And Potential Analysis
30. Appendix
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