Press release
Autoinjectors Market Forecast to Reach USD 4.7 Billion by 2034 Amid Increasing Adoption of User-Friendly Drug Delivery Systems
Autoinjector Market
An autoinjector is a syringe with a spring-charged needle and a pre-charged dose of medication. The device activates and administers a precise quantity of drugs when slipped into the body. The self-administration of epinephrine (to prevent anaphylaxis), the treatment of migraines (to provide quick pain relief), and medical and emergency procedures are all common uses for autoinjectors.
Autoinjectors have several advantages, including a reduction in the prevalence of needle-related anxiety disorders, a lower chance of accidental needle sticks, continuous dosage quality, and an improvement in efficacy.
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The autoinjector market is anticipated to witness substantial growth in the coming years, driven primarily by the increasing prevalence of anaphylaxis and the rising demand for user-friendly, cost-effective, and technologically advanced devices for managing chronic conditions such as rheumatoid arthritis and multiple sclerosis. These factors are expected to stimulate intensified research and development efforts by pharmaceutical and medical device companies, thereby supporting sustained market expansion over the forecast period.
Key drivers of market growth include technological advancements and the continuous evolution of pharmaceutical delivery systems. Nevertheless, the presence of alternative treatment options may present challenges to broader market penetration. However, the growing utilization of biosimilars delivered via autoinjectors-providing long-term therapeutic benefits at reduced costs-is expected to offer significant opportunities for stakeholders in the market.
Regionally, North America is projected to maintain its leading position in the autoinjector market, supported by ongoing innovations in medical device technology, a rising patient population with diabetes and anaphylaxis, and favorable regulatory environments. Additional contributors to regional growth include increasing demand for home-based healthcare solutions and the strong presence of prominent industry players within the market.
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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 2030
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 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.
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