US+1 646-781-8004
Europe+44-203-868-8738
APAC+91-744-778-0008
sales@meticulousresearch.com
HomePress-release
Redding, California - May 30, 2024

Autoinjectors Market to be Worth $3.76 Billion by 2031

Autoinjectors Market Size, Share, Forecast, & Trends Analysis by Type (Disposable, Reusable, Wearable), Technology (Manual, Automatic), Application (Arthritis, Diabetes, Osteoporosis), Distribution, Route of Administration, End User – Global Forecast to 2031


Meticulous Research®—a leading global market research company, published a research report titled ‘Autoinjectors Market Size, Share, Forecast, & Trends Analysis by Type (Disposable, Reusable, Wearable), Technology (Manual, Automatic), Application (Arthritis, Diabetes, Osteoporosis), Distribution, Route of Administration, End User – Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the autoinjectors market is projected to reach $3.76 billion by 2031, at a CAGR of 8.3% during the forecast period. The growth of this market can be primarily attributed to the increasing prevalence of chronic & autoimmune diseases, the growing demand for self-administration of drugs, and technological advancements in autoinjectors. However, the availability of alternatives to autoinjectors, the high costs of autoinjectors, and needlestick injury concerns restrain the growth of this market.

Furthermore, the growing demand for home healthcare and partnerships & collaborations by market players are expected to generate market growth opportunities. However, lack of awareness and knowledge regarding autoinjector usage in emerging economies and limited access to healthcare in developing countries are major challenges impacting market growth.

Key Players

The key players operating in the autoinjectors market are Becton, Dickinson and Company (U.S.), Ypsomed AG (Switzerland), SHL Medical (Switzerland), Recipharm AB (Sweden), Owen Mumford Limited (U.K), Halozyme, Inc. (U.S.), AstraZeneca (U.K.), Teva Pharmaceutical Industries Ltd. (Israel), Solteam Incorporation Co., Ltd. (China), Gerresheimer AG (Germany), West Pharmaceutical Services, Inc. (U.S.), Bayer AG (Germany), and Union Medico ApS. (Denmark).

Autoinjectors Market: Future Outlook

The autoinjectors market is segmented based on Type (Disposable Autoinjectors, Reusable Autoinjectors, Smart Autoinjectors [Bluetooth Connectivity and Near Field Communication (NFC) Connectivity], and Wearable Autoinjectors), Route of Administration (Subcutaneous and Intramuscular), Technology (Manual Autoinjectors and Automatic Autoinjectors), Application (Rheumatoid Arthritis, Osteoporosis, Diabetes, Multiple Sclerosis, and Other Applications), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online/E-commerce Platforms), End User (Home Care, Hospitals & Clinics, and Other End Users), and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, the autoinjectors market is segmented into disposable autoinjectors, reusable autoinjectors, smart autoinjectors, and wearable autoinjectors. In 2024, the disposable autoinjectors segment is expected to account for the largest share of 51.7% of the autoinjectors market. The large market share of this segment can be attributed to the increasing launches of new and advanced disposable autoinjectors, increasing approvals for disposable autoinjectors, technological advancements in disposable autoinjectors, and the advantages of disposable autoinjectors over other types, such as automatic safety features, ease of use (especially for patients with low dexterity), audible and visual feedback indicators, consistent injection activation, complete injection, and controlled injection depth.

Based on route of administration, the autoinjectors market is segmented into subcutaneous and intramuscular. In 2024, the subcutaneous segment is expected to account for the larger share of the autoinjectors market. The segment’s large market share can be attributed to the availability of a large number of drugs that are administered subcutaneously, and the increasing number of new drugs being launched for subcutaneous self-administration.

Based on technology, the autoinjectors market is segmented into manual autoinjectors and automatic autoinjectors. In 2024, the manual autoinjectors segment is expected to account for the larger share of the autoinjectors market. The large market share of this segment can be attributed to technological advancements in manual autoinjectors and the increasing awareness about autoinjector technologies among patients.

Based on application, the autoinjectors market is segmented into rheumatoid arthritis, osteoporosis, diabetes, multiple sclerosis, and other applications. In 2024, the diabetes segment is expected to account for the largest share of the autoinjectors market. The large market share of this segment can be attributed to the increasing awareness programs focusing on diabetes and the high prevalence of diabetes all over the world.

Based on distribution channel, the autoinjectors market is segmented into hospital pharmacies, retail pharmacies, and online/e-commerce platforms. In 2024, the retail pharmacies segment is expected to account for the largest share of the autoinjectors market. The large market share of this segment can be attributed to the advantages provided by retail pharmacies compared to other distribution channels. Retail pharmacies offer patients a wide variety of autoinjectors, allowing them to choose the ones that best suit their needs, simplifying disease management for individuals.

Based on end user, the autoinjectors market is segmented into home care, hospitals & clinics, and other end users. In 2024, the home care segment is expected to account for the largest share of the autoinjectors market. The large share of this segment can be attributed to the growing awareness about diabetes management and the rising number of diabetes cases. Additionally, the adoption of autoinjectors in home care settings enables individuals to manage their healthcare independently. By self-administering medications, individuals gain greater control over their treatment, seamlessly integrating it into their daily routines. This autonomy often leads to improved medication adherence and better overall health outcomes. These benefits are driving the adoption of autoinjectors in home care settings, supporting the segment’s large share.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of the autoinjectors market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Austria, Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 36.5% of the autoinjectors market, followed by Europe and Asia-Pacific. North America’s large market share is attributed to the presence of major autoinjector manufacturers, advanced healthcare infrastructure, increasing number of diabetes cases, and technological advancements in autoinjectors in the region.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5899

Key Questions Answered in the Report:

  • Which are the high-growth market segments in terms of type, route of administration, technology, application, distribution channel, end user, and region/country?
  • What was the historical market size for autoinjector products across the globe?
  • What are the market forecasts and estimates for 2024–2031?
  • What are the major drivers, restraints, opportunities, and challenges in the autoinjectors market?
  • Who are the major players operating in the autoinjectors market?
  • What is the competitive landscape like, and who are the market leaders in the autoinjectors market?
  • What are the recent developments in the autoinjectors market?
  • What are the various strategies adopted by major players in the autoinjectors market?
  • What are the geographical trends and high-growth regions/countries?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

Recommended Readings

Related Reports
Autoinjectors Market - Global Opportunity Analysis And Industry Forecast (2024-2031)
Report ID: MRHC - 1041216 Pages: 230 Formats*:PDF Category: Healthcare
Share this on:
Linkdin
Whatsapp
Print
Save PDF
  Download Free Sample Report
Table Of Content
Download Free Sample Report

Meticulous Research
US
+1 646-781-8004
Meticulous Research
Europe
+44-203-868-8738
Meticulous Research
APAC
+91-744-778-0008
Subscribe to get the latest industry updates