Global Epinephrine Autoinjector Market To Grow At A Cagr Of 14.58% During The Period 2017-2021

Description

Latest Research Report – Global Epinephrine Autoinjector Market 2017-2021

The Following Companies as the Key Players in the Global Epinephrine Autoinjector Market: ALK-Abelló, Impax Laboratories, Lincoln Medical, and Mylan.

Other Prominent Vendors in the market are: Adamis Pharmaceuticals, Antares Pharma, Emerade, Hospira, Kaleo Pharma, and Teva Pharmaceutical Industries.

Commenting on the report: “The latest trend gaining momentum in the market is tentative product launches. The US market is forecasted to witness a number of product launches during the forecast period, due to the increased government's pressure on the FDA to approve more generic products of epinephrine autoinjectors.”

According to the report, one of the major drivers for this market is increasing prevalence of allergies. The prevalence of allergies to food items, food additives, latex, and dust and the associated anaphylaxis has been increasing worldwide. On average, 30-35% of the global population is diagnosed with an allergy annually. This was initially seen in countries such as the UK, other countries in Europe, and the US, but it is now common in all industrially developed countries.

Further, the report states that one of the major factors hindering the growth of this market is product recalls and regulatory issues. The global epinephrine autoinjector market has continuously faced hindrance owing to the periodic product recalls and regulatory issues over the years. The FDA approval process for epinephrine autoinjectors also has been slow, which paved the way for Mylan monopoly.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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