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Wearable Injectors Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Wearable Injectors Market
As per the report, the wearable injectors market size has grown rapidly in recent years. It will grow from $8.04 billion in 2023 to $9.07 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The wearable injectors market size is expected to see rapid growth in the next few years. It will grow to $15.23 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%.
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Surge In Diabetic And Chronic Disease Patients Fuels Growth Of The Wearable Injectors Market
The rise in the number of diabetic and chronic diseases patients such as cardiovascular diseases and cancers contributed to the growth of the wearable injectors market. According to the International Diabetes Federation, in 2021, approximately 537 million adults were living with diabetes, and by 2045, it is estimated that around 783 million adults around the world and 1 in 5 adults who are above 65 are expected to suffer from diabetes. The rise in the number of diabetes and chronic diseases patients increased the demand for the treatment of the diseases, thereby driving the wearable injectors market growth.
Rising Trend Of Mergers And Acquisitions In The Wearable Injectors Manufacturing Market
The focus areas for many companies in the wearable injectors manufacturing market have shifted to increasing mergers and acquisitions to acquire more production capabilities. Large prime manufacturers are forming joint ventures or buying small or midsized companies to acquire new capabilities or gain access to new markets. In February 2021, Phillips-Medisize, a US-based medical device company, collaborated with Subcuject to develop a wearable osmotic bolus injector. The collaboration aims to combine Phillips-Medisize's expertise in proprietary device platforms with Subcuject's technology innovation and drug delivery experience to accelerate the development and commercialization of the wearable osmotic bolus injector. Subcuject is a US-based medical device company that specializes in the development of a subcutaneous wearable bolus injector.
The wearable injectors market covered in this report is segmented -
1) By Type: On-Body Injectors, Off-Body Injectors
2) By End-User: Hospitals, Clinics, Homecare setting
3) By Application: Immuno-Oncology, Diabetes, Cardiovascular Diseases, Other Applications
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Major companies operating in the wearable injectors market include Amgen Inc., Becton Dickinson and Company (BD), Enable Injections LLC, Insulet Corporation, Ypsomed Holding AG, Medtronic MiniMed Inc., Tandem Diabetes Care Inc., Valeritas Inc., West Pharmaceutical Services Inc., Sensile Medical AG, Gerresheimer AG, Dexcom Inc., Consort Medical plc, United Therapeutics Corporation, Bühler Motor GmbH, Debiotech SA, Cellnovo Group, EoFlow Co. Ltd., CeQur SA, Haselmeier AG, Johnson & Johnson, kaleo Inc., Mylan N.V., Nemera Development S.A., F. Hoffmann-La Roche Ltd, Zosano Pharma Corporation
Contents of the report:
1. Executive Summary
2. Wearable Injectors Market Report Structure
3. Wearable Injectors Market Trends And Strategies
4. Wearable Injectors Market - Macro Economic Scenario
5. Wearable Injectors Market Size And Growth
…..
27. Wearable Injectors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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