Market Research Future has revealed that the global autoinjectors market is expected to witness exponential growth at a CAGR of over 25% during the forecast period of 2018 to 2023. Autoinjectors are an advancement in healthcare which dispenses a single dose of the given drug in an easy, and safe manner. Autoinjectors are commonly known for their use in epinephrine pen which is used to offer emergency care to patients suffering from anaphylactic shock. Other applications for autoinjectors in healthcare in addition to the above are expected to spur growth for the global autoinjector market.
Increasing prevalence of targeted therapies for the treatment of various conditions is expected to increase market value. The growing diagnosis of diseases such as diabetes and a general increase in anaphylaxis have increased the demand for autoinjectors. Moreover, design development to increase efficiency and safety with which medicine is delivered combined with technological advancements are highly conducive to future opportunities for growth. However, stringent government regulations for approval of medical products and the increasing preference and demand for alternative drug delivery methods which are minimally invasive are likely to hamper market growth to a certain extent. It should be noted, that the reimbursement scenario is favorable and the availability of generic autoinjectors market are expected to lead to a highly competitive market.
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In the market for autoinjectors, many companies are considered key players. The following companies are among them: Abbvie, Ypsomed, Amgen, Eli Lilly, Teva, SHL Group, Biogen, Merek, and Mylan.
The global autoinjectors market has been segmented based on
- Therapy
- Type
- Distribution channel
- Region
Regional Analysis
Meanwhile, the Asia Pacific is anticipated to grow at the highest CAGR during the forecast period due to the presence of a massive patient population and consistently growing economy. Emerging economies such as India are undergoing a transformation in healthcare with increasing investments being made in advancing the level of care offered in the region. A high diabetic population also spurs the demand for autoinjectors in the region.
The Americas make up the most significant share of the global market and is followed closely by Europe which accounts for the second most significant region. A high prevalence of auto-immune conditions such as widespread allergies in these regions, combined with the availability of high-quality health care, a high number of leading market players and availability of research budgets act as crucial factors driving the growth of the autoinjectors market.
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1 Executive Summary
2 Market Introduction
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 Assumptions & Limitations 16
2.3.1 Assumptions 16
2.3.2 Limitations 16
2.4 Market Structure 17
3 Research Methodology
3.1 Research Process 18
3.2 Primary Research 19
3.3 Secondary Research 20
3.4 Market Size Estimation 20
3.5 Forecast Model 21
4 Market Dynamics
4.1 Introduction 22
4.2 Drivers 23
4.2.1 Rising Incidence Of Anaphylaxis 23
4.2.2 Growing Prevalence Of Targeted Therapies 23
4.3 Restraints 23
4.3.1 Increased Product Recall 23
4.3.2 Stringent Regulatory Policies 23
4.4 Opportunities 24
4.4.1 Entering Developing Economies 24
4.5 Challenges 24
4.5.1 Lack Of Proper Training For Using Autoinjectors 24
4.6 Macroeconomic Indicators 24
4.7 Technology Trends & Assessment 25
TOC Continued...
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