Press release
Auto Injectors Market Growth to be Fuelled by 2024
An auto-injector is a small, pen shaped device, which contains a hypodermic needle used for delivering a fixed dose of drug to patients. The drug is delivered by inserting the syringe needle at the desired site of injection, and on a push of a button. The site of insertion usually depends upon the nature of the drug to be administered, however intramuscular route is the preferred route of administration.A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/12580
Most of these auto-injector devices are spring loaded, pre filled syringes, and are used during serious allergic reactions also known as anaphylaxis or anaphylactic shock, and also in the cases of rheumatoid arthritis, and multiple sclerosis among others. Auto-Injectors are easy to use, and intended for self-administration by patients or any other care taker or personnel at home.
Increasing prevalence and incidences of anaphylaxis and food allergies around the world is majorly responsible for the growth of the global auto-injectors market. According to American Academy of Allergy Asthma and Immunology (AAAAI) around 15 Mn people in U.S. suffered from food allergies in 2015, while 17 Mn people in Europe out of which 3.5 Mn children suffered from food allergies in 2015 according to European Academy of Allergy and Clinical Immunology (EAACI). World Health Organization (WHO) estimated around 200 – 250 Mn people in the world suffered from food allergies in 2015.
The increasing prevalence of anaphylaxis is increasing demand for adrenaline, and epinephrine auto-injectors, in the global market. Furthermore, new formulations and new drug delivery systems, combined with innovation and developments in the biological drugs segments are expected to drive the growth of the global auto-injectors market during the forecast period of 2016-2024.
Rising self-medication practices, growing demand for targeted drug delivery systems for treatments of chronic diseases, coupled with government reimbursements and marketing approvals for auto-injectors are some other factors that are fuelling the demand for auto-injectors in the global market. However, higher prices for injectors, lack of practices of self-injection in emerging countries, and presence of substitute products are certain factors that are restraining the growth of the global auto-injectors market.
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/toc/12580
The global market for auto-injectors is segmented on basis of product, application, distribution channels and geography:
Segmentation by Product Type
Disposable Auto-injectors,Reusable Auto-injectors ,Segmentation by Application,Anaphylaxis,Multiple sclerosis,Rheumatoid Arthritis,Other emergency conditions ,Segmentation by Distribution Channels,Hospital Pharmacies,Retail Pharmacies,Online Pharmacies,Others
Some of the major players in global auto-injectors market are Pfizer, Inc., Novartis International AG, Antares Pharma, Inc., Mylan N.V., Biogen Idec, Inc., Becton, Dickinson and Company, Unilife Corporation, Scandinavian Health Ltd. and Ypsomed Holdings AG among others.
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