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Prominent Wearable Injectors Market Trend for 2025: Advancing Wearable Injectors For Enhanced Patient Care
Wearable Injectors Market Size
The market size of wearable injectors has seen a fast-paced expansion in the preceding years. The market, which currently stands at $8.84 billion in 2024, is predicted to rise to $9.91 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 12.1%. Key factors contributing to this historic period growth include the management of chronic diseases, patient comfort, technological innovation, and the rising elderly populace.
The market for wearable injectors is projected to experience considerable expansion in the coming years, reaching a size of $17.45 billion in 2029 with a compound annual growth rate (CAGR) of 15.2%. The forecasted surge can be ascribed to factors such as personalized medicine, remote patient monitoring, drug development and management of chronic diseases. Key trends anticipated in the forecast period encompass biologics and large molecules, dual-chamber wearables, interconnected and intelligent devices, along with patch pump technology.
What Is Driving the Growth Trajectory of the Wearable Injectors Market?
The escalating prevalence of chronic ailments such as cardiovascular diseases, diabetes, and cancer significantly contributes to the expansion of the wearable injectors market. For example, a report released in April 2023 by the British Diabetic Association, a charity based in the UK that supports those living with diabetes, stated that there are approximately 4.3 million people diagnosed with diabetes in the UK. Of this number, nearly 90% have type 2 diabetes, around 8% have type 1 diabetes, and the remaining 2% have other forms of the disease. This surge in the patient population dealing with diabetes and other chronic diseases has led to an increased demand for disease treatment, which in turn stimulates the growth of the wearable injectors market.
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Which Leading Companies Are Shaping the Growth of the Wearable Injectors Market?
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
What Are the Major Trends Shaping the Wearable Injectors Market?
A significant focus within the wearable injectors manufacturing market is the enhancement of advanced products like the on-body injector (OBI). This push stems from a desire to improve patient ease, increase compliance with prescribed therapies, and meet the rising need for self-administration of biologics. The OBI is a wearable medication delivery device intended to deliver drugs subcutaneously over a specific duration, providing ease for those who require timed-dose or large-volume injections. For example, in February 2024, the American biotech firm, Coherus BioSciences Inc., introduced UDENYCA. This advanced drug delivery device leverages the LTS Sorrel wearable platform and is purpose-built for managing pegfilgrastim-cbqv, a biosimilar pegfilgrastim. Pegfilgrastim-cbqv is a drug used post-chemotherapy to mitigate the risk of febrile neutropenia, which is a medical condition distinguished by fever and reduced white blood cell count caused by infections. The OBI provides accurate dosing and simplifies the treatment process for patients, allowing for home use and reducing the requirement for extra clinic visits.
What Are the Key Segments of the Wearable Injectors Market?
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
Subsegments:
1) By On-Body Injectors: Patch-Based Injectors, Adhesive-Based Injectors, Needle-Based Injectors, Needle-Free Injectors
2) By Off-Body Injectors: Belt-Based Injectors, Handheld Injectors, Clip-Based Injectors
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Which Region Dominates the Wearable Injectors Market?
North America was the largest region in the wearable injectors market in 2023. Western Europe was the second-largest region in the wearable injectors market analysis. The regions covered in the wearable injectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Wearable Injectors Global Market Report?
- Market Size Analysis: Analyze the Wearable Injectors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wearable Injectors Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Wearable Injectors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wearable Injectors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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