Press release
Self-Administration Drugs Market: High Healthcare Costs Coupled with Increasing Trend towards Self Administration of Drugs for Various Diseases
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Self administered drugs include Actimmune, Afinitor, Apokyn, Enbrel, Cetrotide, Caprelsa, Cetrotide, Bosulif, Bravelle, Betaseron,Zytiga, Zorbtive, Zolinza, Xgeva, Zavesca, Xeloda, Xtandi, Tev-Tropin, TOBI, Vectibix, Temodar, Tecfidera, Ventavis, Tasigna and Thalomid. Many more drugs are in the market that can be taken by the patients on their own. Infusion pumps play a very crucial role in self administration drugs market. Insulin and certain analgesics are directly injected to the intravenous and cerebrospinal fluid respectively, through the infusion pumps.
Change in lifestyles will augment the growth of this market since the use of self administered drugs would reduce time for the patient. In addition, reimbursement policies will also boost the growth of this market. Medicare Supplemental Medical Insurance (SMI) covers certain list of self administered drugs that are given for general care of the patient.
Moreover, shifting of patient population to industrial countries may also trigger the growth of this market. High healthcare costs coupled with increasing trend towards self administration of drugs for various diseases will also enhance the growth of this market. Increase in the number of diabetic patients worldwide will contribute greatly to the growth of this market.
Despite all these factors, growth of this market may get hindered due to various reasons such as side effects due to improper doses of medications and leakage of raw materials of the implants in blood. In addition, stringent caregiver safety legislations will also hamper the growth of this market.
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The major players operating in the self administration drugs market include Abbott Laboratories, Bristol-Myers Squibb, Gilead Sciences, Novartis AG and Eli Lilly and Company, among other significant players worldwide.
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