Self-Administered Drugs Market Size, Share, Growth, Trends, Analysis and Forecast - 2031

The global self-administered drugs market is anticipated to grow at a CAGR of 8.3% during the forecast period. High healthcare service costs which encourage patients to adopt self-administered drugs also contribute to the growth of this market. Self-administered drugs are majorly taken by diabetic patients for injecting insulin without the prior need of any healthcare professional assistance. The foremost factors leading to the self-administered drug market expansion include the increasing prevalence of diabetes and the rising burden of chronic diseases globally. As per the British Diabetic Association, in the UK, 3.8 million people are living with a diagnosis of diabetes, and 90% of those with type 2, and around 5.5 million people are expected to have diabetes in the UK by 2030.

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Apart from these, the rising FDA approvals of new drugs developed by prominent players targeting the self-administered drugs market create new growth opportunities for the market. In May 20201, the USFDA approved Eli Lilly and Company's Mounjaro (tirzepatide) injection. It is a new once-weekly GIP (glucose-dependent insulinotropic polypeptide) and GLP-1 (glucagon-like peptide-1) receptor agonist indicated as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes. However, lack of awareness about self-administered drugs in emerging countries and low or no reimbursement for some self-administered drugs are the restraints that may hamper the revenue growth of the self-administered drugs market during the forecast period.

Segmental Outlook

The global self-administered drugs market is segmented based on product type, and application. Based on product type, the market is sub-segmented into injectable drugs, inhaled drugs, and transdermal drugs. Among these, injectable self-administered drugs have gained immense popularity, especially among patients suffering from a diabetic condition that requires regular insulin intake and patients suffering from chronic diseases such as multiple sclerosis, rheumatoid arthritis, diabetes, and others. Apart from these, the high cost of medication expenditure involve in a healthcare setting is also a prominent reason, people are shifting towards the injectable segment. Rising trends of drug delivery at home along with comfort are also factors that will positively impact injectable segment growth. Based on application, the market is further categorized into cardiovascular, diabetes, osteoporosis, pain management, hormone replacement, and others.

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Regional Outlook

Geographically, the global self-administered drugs market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). The Asia-Pacific region is projected to show the fastest growth in the self-administered drugs market during the forecast period. The growing geriatric population, high prevalence of chronic diseases, and availability of self-administered drugs along with self-administered drug injectable devices are motivating people to choose outpatient services that are enhancing the overall market growth.

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