Global Self-Administered Medication Market Outlook Exhibits Sustained Growth during the Period 2017-2022

Growing prevalence of various chronic diseases is expected to fuel demand for the self-administered medication globally. In addition, increasing collaboration among manufacturers is expected to impact growth of the global market significantly. This Fact.MR report analyzes the expansion of global self-administered medication market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.

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The next section offers an overview of the global self-administered medication market. This comprises an introduction to the market, along with a standard definition of the product – self-administered medication. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global self-administered medication market, the report provides updates about market opportunities, which can benefit leading manufacturers of self-administered medication. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for self-administered medication manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.

Collaborations to Underscore Growth Lucrative Opportunities

Recent trend witnessed show that the manufacturers in the pharmaceutical industry are increasingly collaborating with the delivery device companies in order to underscore lucrative opportunities. For instance, Takeda has recently collaborated with Portal Instruments in order to develop a needle-free drug delivery device for delivering biologic medicines. The Portal devices delivers biologic drugs through pressurized liquid instead of through the needles. As manufacturers are increasingly focusing on developing improved drug delivery devices, the global self-administered medication market is expected to witness significant growth.

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On the other hand, various factors are expected to impact growth of the global self-administered drugs negatively. Risks of making errors during the dosage administration practices is expected to impact growth of the global market adversely. Moreover, lack of awareness regarding various drug administration devices is further expected to impact growth of the global self-administered medication market negatively. In addition, improper designing or directions to use the drug delivery devices could pose significant challenges in the global self-administered medication market. Bound to these factors, the global self-administered medication market is expected to witness inhibiting growth during the forecast period.

Inhalers to Represent a Leading Segment

Growing prevalence of asthma has led to an upsurge in demand for inhalers in the global market. On the basis of product type, the inhalers segment is expected to generate significant revenues, accounting for a value of over US$ 20,000 Mn by the end of 2026. On the other hand, the insulin product type segment is expected to register a robust CAGR throughout the forecast period.

Based on the route of administration, the nasal segment is expected to generate significant revenues, recording a value of over US$ 10,000 Mn by the end of 2017. In contrary to this, the transdermal route of administration segment is expected to register the highest CAGR through 2026.

By distribution channel, the hospital pharmacies segment is expected to represent significant revenue growth, accounting for a value of over US$ 20,000 Mn by the end of 2026. However, the online pharmacies distribution channel segment is expected to register a healthy CAGR during the forecast period.

Competition Tracking

Leading market players operating in the global self-administered drugs market include Abbott Laboratories, Purdue Pharma LP, Sanofi S.A., Pfizer, Inc., Mylan N.V., Novartis AG, Amgen Inc. and others.

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This release was published on openPR.