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Surge In Diabetic And Chronic Disease Patients Fuels Growth Of The Wearable Injectors Market: An Emerging Driver Transforming The Wearable Injectors Market Landscape
Wearable Injectors
What Is the Projected Growth of the Wearable Injectors Market?
The wearable injectors market has expanded rapidly in recent years. It is expected to grow from $8.84 billion in 2024 to $9.91 billion in 2025, with a CAGR of 12.1%. Growth in this market is attributed to the need for chronic disease management, patient convenience, technological advancements, and an aging population.
The wearable injectors market is predicted to see rapid growth, reaching $17.45 billion in 2029 at a CAGR of 15.2%. Drivers include advancements in personalized medicine, remote monitoring, drug delivery technologies, and chronic disease management. Leading trends will involve biologics delivery, smart and connected wearables, dual-chamber systems, and patch pump designs.
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What Are the Different Wearable Injectors Market Segments?
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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What Are the Primary Drivers Shaping the Wearable Injectors Market?
The growing number of chronic conditions such as diabetes, cardiovascular diseases, and cancers has significantly contributed to the expansion of the wearable injectors market. For example, as of April 2023, the British Diabetic Association reported that approximately 4.3 million people in the UK are diagnosed with diabetes, with around 90% having type 2 diabetes. This rise in chronic illness cases has increased the need for treatment solutions, thereby boosting demand in the wearable injectors market.
Which Companies Are Leading in 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 Trends Are Expected to Dominate the Wearable Injectors Market in the Next 5 Years?
Manufacturers in the wearable injectors market are focusing on developing on-body injectors (OBIs) to enhance patient convenience and improve treatment adherence. These devices are designed for the subcutaneous administration of medications. For example, Coherus BioSciences launched the UDENYCA OBI in February 2024, a device for administering pegfilgrastim to patients post-chemotherapy, allowing for at-home injections.
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What Are the Top Revenue-Generating Geographies in 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Wearable Injectors Market?
2. What is the CAGR expected in the Wearable Injectors Market?
3. What Are the Key Innovations Transforming the Wearable Injectors Industry?
4. Which Region Is Leading the Wearable Injectors Market?
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