Global On-body Injectors Market Size By Product Type, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global On-body Injectors Market Size By Product Type, By Application, By Geographic Scope And Forecast
On-body Injectors Market Size And Forecast
On-body Injectors Market size was valued at USD 2.9 Billion in 2024 and is projected to reach USD 10.7 Billion by 2031, growing at a CAGR of 16.8% from 2024 to 2031
Global On-body Injectors Market Drivers
The market drivers for the On-body Injectors Market can be influenced by various factors. These may include
Growing Prevalence of Chronic ailments As a result of the need for frequent and prolonged medicine to treat chronic ailments like diabetes, cancer, and autoimmune disorders, there is a growing demand for on-body injectors.
Technological Advancements The market is expanding as a result of improvements in on-body injector technologies, including enhanced safety features, automated and precise drug delivery, and better user convenience.
Growing Adoption of Self-Administration Patients are increasingly choosing to self-administer their medications due to the convenience it provides and the need for affordable treatment choices. This is driving up demand for on-body injectors.
Growth in Biologics and Biosimilars The market for on-body injectors is expanding due in large part to the increased development and usage of biologics and biosimilars, which frequently need to be administered parenterally.
Patient Compliance and Adherence Because on-body injectors are simple to use, cause less pain, and allow for extended medicine administration without the need for frequent hospital visits, they enhance patients’ compliance and adherence to prescribed regimens.
Encouragement of Government efforts and Funding The development of sophisticated drug delivery systems is being aided by government efforts and funding, which is driving market expansion. Regulatory clearances and advantageous reimbursement guidelines are also very important.
Growing Geriatric Population The market for on-body injectors is significantly influenced by the ageing population, which is more prone to chronic illnesses and needs ongoing medicine.
Trend Towards Personalised Medicine The market is expanding due to the trend towards personalised medicine, which entails customised therapies that frequently call for exact and regulated drug delivery devices like on-body injectors.
Economic and Operational Efficiency By lowering the need for hospital stays and medical professional interventions, on-body injectors save money for patients and healthcare systems alike, which encourages market uptake.
Global On-body Injectors Market Restraints
Several factors can act as restraints or challenges for the On-body Injectors Market. These may include
High Costs The purchase of the equipment and the related prescription for on-body injectors can be costly. Adoption may be hampered by this expense, particularly in areas with limited healthcare resources or for individuals without sufficient insurance.
Complicated Regulatory Environment Tight regulations requiring extensive clinical trials and adherence to many international standards for approval and market entry can impede market expansion and postpone the introduction of new products.
Limited Compatibility with Certain drugs Because of things like viscosity, stability, or volume restrictions, not all drugs may be administered with on-body injectors. This restriction limits the therapeutic areas in which on-body injectors may be used.
Patient Acceptance and Comfort Although on-body injectors have many advantages, some patients may be reluctant to use them because of worries about the complexity of the device, a needle phobia, or pain from wearing the device for an extended amount of time.
Technical Difficulties and Trust Issues Intricate processes are used by on-body injectors to administer drugs, and device malfunctions or failures can have an impact on dependability and patient trust. Market adoption depends on maintaining consistent performance and resolving difficulties with device dependability.
The on-body injector industry is subject to competition from various sources, including oral drugs, traditional injections, and new technologies like wearable patches and implantable devices. Market penetration and pricing power may be hampered by this competitive environment.
Accessibility and Distribution Issues Due to logistical issues, infrastructure limits, and discrepancies in healthcare access, it can be difficult to guarantee the widespread availability and equitable distribution of on-body injectors, particularly in remote or underserved areas.
Issues with Safety and Unfavourable Events On-body injectors include safety features that have advanced, but there are still hazards associated with them, like allergic reactions, skin irritation, or incorrect dosage. Sustaining market trust and regulatory compliance necessitates addressing safety concerns and managing bad events effectively.
Global On-body Injectors Market Segmentation Analysis
The Global On-body Injectors Market Segmented On The Basis Of Product Type, Application And Geography.
On-body Injectors Market, By Product Type
On-body Injectors
Off-body Injectors
Based on Product Type, the market is bifurcated into On-body Injectors and Off-body Injectors. Wearable injectors are drug delivery devices adhering to the body to deliver larger volumes of drugs subcutaneously. Various pharmaceutical & medical device companies have developed wearable injectors. The devices consist of a reservoir for medicine, a cannula for substance delivery to tissues, and a drive system to deliver the appropriate drug volume; it is loaded with adhesive to fix the device to the patient’s skin.
On-body Injectors Market, By Application
Diabetes
Oncology
Cardiovascular Disease
Autoimmune Disease
Other Applications
Based on Application, the market is bifurcated into Diabetes, Oncology, Cardiovascular Disease, Autoimmune Disease, and Other Applications. The autoimmune disease segment is expected to be the fastest-growing segment over the forecast period due to the rising prevalence of diabetes and the rising adoption of wearable injectors due to their competitive advantage over insulin pumps.
On-body Injectors Market, By Geography
North America
Europe
Asia Pacific
Rest of The World
Based on Regional Analysis, the Global On-body Injectors Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Europe is also expected to hold a substantial market share during the forecast period due to the flourishing medical device industry in the UK, Germany, and France coupled with increasing avenues for market players in this region.
Key Players
The major players in the On-body Injectors Market are
F. Hoffmann-La Roche Ltd
Becton, Dickinson and Company
Insulet Corporation
Johnson & Johnson
Amgen Inc.
Tandem Diabetes Care, Inc.
United Therapeutics Corporation
Abbvie Inc.
Gerresheimer AGBD Medical
Medtronic
Insulet
Sensile Medical
Ypsomed
Enable Injections
Roche
ScPharmaceuticals
SteadyMed
CeQur
Tandem Diabetes Care
Valeritas
SteadyMed Therapeutics
Amgen.
.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2021-2031
Base Year
2024
Â
Forecast Period
2024-2031
Historical Period
2021-2023
Unit
Value (USD Billion)
Key Companies Profiled
BD Medical, Medtronic, Insulet, Sensile Medical, Ypsomed, Enable Injections, Roche, ScPharmaceuticals, SteadyMed, CeQur, Tandem Diabetes Care, Valeritas, SteadyMed Therapeutics, Amgen
Segments Covered
By Product Type
By Application
By Geography
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