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Autoinjectors Market Revenue Report with Forecast to 2031
According to the latest research by Insightace Analytics, the global autoinjectors market was valued at US$ 1000.0 Million in 2023. It is expected to reach US$ 3085.4 Million by 2031, with a CAGR of 15.1 %during a forecast period of 2023-2031.
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Autoinjectors are medical devices designed to simplify drug delivery by allowing users to administer a predetermined dose of medication with minimal effort. These spring-loaded syringes come pre-filled and automatically inject medication into the body upon activation, ensuring consistent dosing. They are widely used in situations where rapid administration is critical, such as delivering epinephrine for severe allergic reactions, providing fast relief from migraines, or supporting emergency medical interventions. The user-friendly design of autoinjectors makes them ideal for self-use, even in high-stress scenarios.
Due to an increase in anaphylaxis instances, the autoinjector market is anticipated to grow significantly in the following years. The development of accessible, affordable, and new technology-based autoinjectors for treating chronic diseases, including rheumatoid arthritis and multiple sclerosis, is also predicted to increase R&D efforts by businesses, which will support market expansion over the projection period. The expansion of the autoinjector market as a whole is fueled by technological and pharmaceutical company advancements, which may be accounted for in terms of future potential direction. However, it's projected that the availability of alternative treatment choices may restrain market expansion during the projection period. Contrarily, a virtual switch from biologics to biosimilars, administered by autoinjectors, is projected to offer patients who choose prolonged therapy choices at a reduced cost. These elements are anticipated to offer market participants lucrative prospects.
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North America is anticipated to contribute to the major autoinjectors market over the forecast years due to continued medical device technical developments, an increased number of patients with diabetes and anaphylaxis, and supportive governmental regulations. Additional factors anticipated to support market expansion in the region include rising demand for home healthcare devices and a strong presence of key competitors. In addition, the Asia Pacific Autoinjectors market is expected to grow significantly. The main drivers of growth are the high prevalence of diabetes and rising healthcare costs, which have attracted several significant autoinjector device manufacturers to this area. These businesses are expanding their footprint in the Asia Pacific market through various strategies, including opening sales offices and collaborating with regional pharmaceutical firms.
Major market players operating in the autoinjectors market include TEVA Pharmaceutical Industries LTD., YPSOMED AG, ATS Automation Tooling Systems Inc. Owen Mumford Ltd., SHL Group, Oval Medical Technologies Ltd., and E3D.
Recent collaborations and agreements in the market:
• In August 2020, a deal was made between Lunatus Global Medical Supplies and Antares Pharma (US) (Dubai). Following the terms of the agreement, Antares will provide packaged goods to Lunatus, and Lunatus will submit and get regulatory permission for XYOSTED in the UAE and Saudi Arabia in addition to promoting, marketing, and distributing XYOSTED in these two nations.
• In March 2020, Weibel CDS was purchased by SHL Medical (Switzerland) (Switzerland). With this acquisition, SHL Medical hoped to improve its capacity to offer more sophisticated drug delivery systems with features that put people first.
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Market Segments
Global Autoinjectors Market, by Type, 2022-2030 (Value US$ Mn)
• Disposable Autoinjectors
• Reusable Autoinjectors
Global Autoinjectors Market, by Applications, 2022-2030 (Value US$ Mn)
• Rheumatoid Arthritis
• Anaphylaxis
• Multiple Sclerosis
• Others
Global Autoinjectors Market, by End-User, 2022-2030 (Value US$ Mn)
• Home care settings
• Hospitals & Clinics
Global Autoinjectors Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Autoinjectors Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Autoinjectors Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Autoinjectors Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Autoinjectors Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Autoinjectors Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global autoinjectors market
To receive an industry overview and future trends of the autoinjectors market
To analyze the autoinjectors market drivers and challenges
To get information on the autoinjectors market value (US$Mn) forecast to 2031
Significant investments, mergers & acquisitions in the autoinjectors market industry
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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