According to the Autoinjectors Market Overview, the Global Autoinjectors Market is predictable to list a CAGR of 17.42% to reach USD 79,741 Million by 2024. Generally, autoinjectors are medical devices planned to distribute the dose of the medicine. These are convenient to use and are envisioned for self-administration by patients and physicians. Autoinjectors have abundant rewards such as decreased needle phobia anxiety and uphold dose precision which in turn help in the growth of the market. The increasing occurrence of targeted therapies, rising incidence of anaphylaxis, and the swelling number of regulatory approvals are influences responsible for the market growth.
Market Segmentation
The disposable autoinjectors sector is predictable to dominate the market and record a considerable CAGR to reach USD 53,696.20 Million by the end of year 2024. The growing call for trying new drugs and chemicals and dynamic growth in the pharmaceutical and biopharmaceutical segments are expected to drive the market growth. Moreover, the disposable autoinjectors segment is also projected to exhibit the highest CAGR of 17.90% from 2019 to 2024.The global autoinjectors market has been principally promoted by the mounting occurrence of anaphylaxis and the rising commonness of targeted therapies. However, increased product recall and severe regulatory policies are estimated to restrain market growth. The Global Autoinjectors Market is given by Product Type (Reusable Autoinjectors and Disposable Autoinjectors), by Design (Standardized Autoinjectors and Customized Autoinjectors), by Therapeutic Application (Multiple Sclerosis, Diabetes, Anaphylaxis, Rheumatoid Arthritis and others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies and others), etc. The envisioned onlookers in this market are Hospitals and clinics, Contract research organizations (CROs), Medical device companies and Academic institutes.
Regional analysis
Geographically, the Global Autoinjectors Market is segmented and targeted into global regions like Americas, Asia-Pacific, Middle East and Africa along with the European market. The European market is projected to surpass USD 24,307.74 million by 2024. The deep-rooted healthcare organization, technology progression, and invention in drug delivery systems, mounting prevalence of anaphylaxis incidences, diabetes, and cancer are the features driving the growth of the autoinjectors market in the region. Germany is the chief contributor to the growth of the regional market, followed by France.
Major players
The bulging players in the Global Autoinjectors Market. are companies like Antares Pharma (US). Ypsomed (Switzerland), Owen Mumford Ltd (UK), Consort Medical (UK), SHL Group (Taiwan), Johnson & Johnson Services Inc. (US), Teva Pharmaceutical Industries Ltd (Israel), Ypsomed (Switzerland), Owen Mumford Ltd (UK), Consort Medical (UK), SHL Group (Taiwan), Johnson & Johnson Services Inc. (US) and Teva Pharmaceutical Industries Ltd (Israel)