Auto-Injectors Market Growth and Global Analysis Report 2022
The “Global Auto-Injectors Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast ” offered by DecisionDatabases.com gives an analytical study of the market, its value chain, latest trends, forecasts, innovation, drivers, and restraints. The report also provides market's mergers/acquisitions, partnerships, collaborations, new product launches, new product developments and other industry developments. Thus, it is a complete resource to gain an in-depth knowledge about the market.
Auto-injectors are a medical device, which has designed to distribute a single dose of medicine, particularly by self-administration. The growth of auto-injectors market is majorly attributed to rising cases of anaphylaxis disease coupled with favorable medical-reimbursement policies across the globe. In addition, increasing consumer-awareness and supportive governmental promotions also have a disease-free lifestyle and are also expected to boost market demand for the product over the coming years. However, the high cost of the product is a major restraint, which may restrict the market growth under the study period.
The auto-injectors market has been segmented based on types into fillable (reusable) auto-injectors and prefilled (disposable) auto-injectors. Furthermore, the market has been segmented on the basis of manufacturing design and therapeutic application. Anaphylaxis is the major therapeutic application segment and is expected to grow at a significant rate over the forecast period owing to the rising number of anaphylaxis allergy along with low immune power, especially in the developed countries. New formulations and improved drug delivery will be very important to pharmaceutical companies, which in turn will increase demand for medical injection devices in the near future.
Geographically, the global auto-injectors market has been divided into five major regions such as North America, Latin America, Europe, Asia-Pacific and MEA. North America is the leading market for the auto-injectors and is anticipated to grow at a substantial rate over the forecast period on account of the rising prevalence of multiple sclerosis and anaphylaxis, coupled with the availability of favorable medical-reimbursement options in the region. Europe market is also projected to have a positive growth over the coming years due to rising consumer awareness for the self-administration of auto-injectors at home care. However, Asia pacific is expected to be the fastest growing market for auto-injectors over the forecast period owing to growing consumer-awareness and rising occurrence of anaphylaxis, especially in Australia and New Zealand.
In February 2013, PHARMAC (Pharmaceutical Management Agency) introduced a novel medical reimbursement policy in New Zealand, which in turn has contributed significantly to the industry growth of the auto-injectors market in Asia-Pacific.
Entry of biosimilars and growth of biologics in the major pharmaceutical market particularly in Europe and the U.S. is estimated to fuel the demand for auto-injectors drug delivery market over the coming years. Increasing R&D for the introduction of advanced biological vaccines and drugs is expected to increase worldwide sales for auto-injector devices over the forecast period.
The key players in global neem extracts market include Antares Pharma, Inc., Becton, Dickinson & Co., Biogen Idec, Mylan, Inc., Novartis International AG, Pfizer, Inc., Sanofi, Scandinavian Health Ltd (SHL) Group, Unilife Corp. and Ypsomed Holding AG. Increasing preference for the administration of injections in home care settings has resulted in increasing focus by market players towards the development of patient compliant and user-friendly devices.
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