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Autoinjectors Market: Major Trends Reshaping the Future of the Industry
Autoinjectors
What Will the Autoinjectors Industry Market Size Be by 2025?
The scale of the autoinjectors market has seen profound expansion in the past few years. The market, which stood at $3.7 billion in 2024, is projected to swell to $4.55 billion in 2025, recording a compound annual growth rate (CAGR) of 22.8%. The significant growth over the historic period can be traced back to several factors such as the rising incidence of chronic ailments, an aging population, expansion in biotechnology and pharmaceutical industries, a surge in self-administration among patients, and regulatory backing.
What's the Long-Term Growth Forecast for the Autoinjectors Market Size Through 2029?
The market for autoinjectors is projected to experience tremendous growth in the coming years. Predictions show a rise to $10.07 billion by 2029 with a compound annual growth rate (CAGR) of 22.0%. Several factors such as the broadening of therapeutic applications, escalating healthcare expenses, an elevated emphasis on patient-oriented care, advancements in telemedicine and patient monitoring from afar, alongside emerging markets, contribute to this growth during the predicted period. The future also sees promising trends in areas such as customized drug administering, innovative and smart autoinjectors, autoinjectors sans needles, biologic drug delivery, as well as safety and security elements.
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What Are the Key Growth Drivers Fueling the Autoinjectors Market Expansion?
The rise in chronic diseases in recent years is predicted to propel the expansion of the autoinjectors market. Chronic illnesses, which necessitate regular medical care and typically last for a year or more, include conditions such as heart disease, cancer, rheumatoid arthritis, and diabetes-leading causes of death and disability worldwide. Autoinjectors are designed for patient use, enabling repeated injections of biologics and hormones necessary for long-term management of conditions such as diabetes and rheumatoid arthritis. Research put forth by the American Cancer Society in January 2022 reports an expected 609,360 cancer deaths and 1.9 million new cancer cases in the US in 2022, amounting to roughly 1,670 fatalities per day. This surge in chronic illnesses bolsters the autoinjectors market since these tools offer a convenient and effective solution for patients that require regular medication.
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What Are the Key Trends Driving Autoinjectors Market Growth?
Advancements in technology are catalyzing the growth of the autoinjectors market, with key players striving to create technologically enhanced solutions to accommodate the increasing need for a delivery method for viscous biologics. In a case in point, in May 2023, Boehringer Ingelheim, a pharmaceutical firm based in Germany, received approval from the U.S. Food and Drug Administration for its Cyltezo Pen, which is an autoinjector variant for Cyltezo (adalimumab-adbm). Designed to treat a variety of chronic inflammatory diseases, Cyltezo gained approval for use. The Cyltezo Pen comes as a 40 mg/0.8 mL pre-filled option and will be available in bundles of two, four, and six.
How Is the Autoinjectors Market Segmented?
The autoinjectors market covered in this report is segmented -
1) By Type: Disposable Autoinjectors, Reusable Autoinjectors
2) By Therapy: Rheumatoid Arthritis, Multiple Sclerosis, Diabetes, Anaphylaxis, Other Therapies
3) By Route Of Administration: Subcutaneous, Intramuscular
4) By Distribution Channel: Online Retailer, Pharmacy
5) By End User: Home Care Settings, Hospitals And Clinics, Other End-Users
Subsegments:
1) By Disposable Autoinjectors: Single-Use Disposable Autoinjectors, Pre-filled Disposable Autoinjectors
2) By Reusable Autoinjectors: Multi-Use Reusable Autoinjectors, Rechargeable Reusable Autoinjectors
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Which Companies Are Leading the Charge in Autoinjectors Market Innovation?
Major companies operating in the autoinjectors market include AbbVie Inc., Mylan N.V., Eli Lilly and Company, Amgen Inc., Becton, Dickinson and Company, Johnson & Johnson, Teva Pharmaceutical Industries Ltd., Merck & Co. Inc., Pfizer Inc., Bayer AG, Biogen Inc., AstraZeneca PLC, Haselmeier GmbH, Owen Mumford Ltd., Gerresheimer AG, Philip Morris International Inc., Oval Medical Technologies Ltd., Solteam Incorporation Co. Ltd., Elcam Medical Group (E3D) Ltd., Jabil Inc., Catalent Inc., SHL Medical AG, West Pharmaceutical Services Inc., Nemera Development S.A., Bespak Europe Ltd., AptarGroup Inc., Consort Medical plc, Terumo Corporation, Nipro Corporation, Medtronic plc, Integra LifeSciences Corporation, OssDsign AB, Xenco Medical LLC, Renishaw plc
Which Regions Are Leading the Global Autoinjectors Market in Revenue?
North America was the largest region in the autoinjectors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autoinjectors market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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