Wearable Injectors Market to Bring In USD 11.3 Billion by End of the Forecast Period

21/lug/2020 11:28:45 Market Research News Contatta l'autore

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Wearable Injectors Market Growth & Trends

The global wearable injectors market size is anticipated to reach USD 11.3 billion by 2025, expanding at a CAGR of 16.4%, according to a new report by Grand View Research, Inc. The market is expected to witness lucrative growth during the forecast period owing to technological advancements in wearable injectors coupled with rising demand for round-the-clock monitoring. The paradigm shift towards the self-administration of injectable is expected to drive the market during the forecast period. In addition, increasing awareness and rising adoption of wearable injectors are expected to assist in growth.

Wearable Injectors

Technological advancements in wearable injectors, such as Bluetooth integrated wearable injectors, enable sending alerts to patients, such as injection reminders, and provide patients access to data regarding their therapy regime. Also, optional smart functionality provides connectivity to the healthcare network. Some of these devices have buttons that are accessible through clothing, and others prevent accidental activation. They also have audio and visual status indicators or signals. Patients can self-administer drugs subcutaneously in less time and with minimal effort as compared to intravenous or other routes. Patients are not required to visit any healthcare provider for administration.

Prevalence of lifestyle-associated diseases, such as diabetes and hypertension, is expected to increase during the forecast period. These diseases demand round-the-clock monitoring of various physiological parameters, such as blood pressure and blood sugar levels. Thus, integration of healthcare data with wearable injectors, which gets forwarded to physicians or doctors giving them real-time access with minimal errors, is expected to boost the wearable injectors market.

Request a free sample copy or view report summary: Wearable Injectors Market Report

Wearable Injectors Market Report Highlights

  • The on-body segment held lucrative market share in 2016, owing to the growing preference of patients for adhesive patches that release the drug easily and can be worn on the skin
  • The motor-driven segment is expected to register the highest growth over the forecast period owing to increasing demand from hospitals, clinics, retail chain stores, and pharmacies
  • The oncology segment is expected to gain the largest market share due to increasing incidence of cancer worldwide
  • North America is expected to dominate the wearable injectors market over the forecast period due to rising demand for innovative Information Technology (IT) solutions to streamline workflow and increasing regulatory requirements to ensure patient safety
  • Some of the key players in the market are Becton, Dickinson and Company; Johnson & Johnson Services, Inc.; F. Hoffmann-La Roche Ltd.; Unilife Corporation; SteadyMed Therapeutics, Inc.; Amgen, Inc.; Insulet Corporation; Enable Injections; West Pharmaceutical Services, Inc.; and CeQur SA.

Wearable Injectors Market Segmentation

Grand View Research has segmented the global wearable injectors market on the basis of type, technology, application, end use, and region:

Wearable Injectors Type Outlook (Revenue, USD Million, 2014 - 2025)

  • On-body
  • Off-body

Wearable Injectors Technology Outlook (Revenue, USD Million, 2014 - 2025)

  • Spring-based
  • Motor-driven
  • Rotary Pump
  • Expanding Battery
  • Other

Wearable Injectors Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Oncology
  • Infectious Disease
  • Cardiovascular Disease
  • Autoimmune Disease
  • Other

Wearable Injectors End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Hospital
  • Clinic
  • Home Care
  • Other

Wearable Injectors Regional Outlook (Revenue, USD Million, 2014 - 2025)

 

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The U.K.
    • France
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • The Middle East and Africa (MEA)
  • South Africa
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