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Autoinjectors Global Market Report 2024 - By Size, Growth, Trends, Key Factors, Outlook By 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Autoinjectors industry. This report on Autoinjectors market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The autoinjectors market size has grown exponentially in recent years. It will grow from $3.06 billion in 2023 to $3.79 billion in 2024 at a compound annual growth rate (CAGR) of 23.6%. The growth in the historic period can be attributed to increased prevalence of chronic diseases, growth in aging population, rise in biotechnology and pharmaceutical sector, rise in patient preference for self-administration, regulatory support. The autoinjectors market size is expected to see exponential growth in the next few years. It will grow to $8.37 billion in 2028 at a compound annual growth rate (CAGR) of 21.9%.
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Key Market Players:
AbbVie Inc., Mylan N.V., Eli Lilly and Company, Amgen Inc., Becton.
Market Drivers:
According to the Autoinjectors Market Report 2024 by The Business Research Company, the increasing prevalence of chronic diseases is expected to fuel the growth of the autoinjectors market in the coming years. 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.
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Market segments for Autoinjectors include:
• By Type: Disposable Autoinjectors, Reusable Autoinjectors
• By Therapy: Rheumatoid Arthritis, Multiple Sclerosis, Diabetes, Anaphylaxis, Other Therapies
• By Route Of Administration: Subcutaneous, Intramuscular
• By Distribution Channel: Online Retailer, Pharmacy
• By End User: Home Care Settings, Hospitals And Clinics, Other End-Users.
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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