Auto-injector devices are devices that are used to administer a specific drug dose. They are extremely beneficial in reducing one’s reliance on medical professionals. These medical devices can be used to reduce needle injuries and reduce needle phobia. They are preferred over traditional drug delivery systems due to various benefits, such as user-friendliness, improved accuracy, and reduced pain. The worldwide autoinjectors market was worth $ 2.88 billion in 2021 and will reach $12.67 billion by 2030 at a 17.9% CAGR during 2021-2030.
Key market trend boosting overall autoinjector market
The global autoinjectors market will grow rapidly, owing to government initiatives in developing countries, rising demand for point-of-care devices, and growing public awareness of the advantages of autoinjectors over traditional drug delivery systems.
Autoinjectors are a simplified version of syringes that allow for drug administration by the user. Auto-injector drug dosage is more controlled and consistent than manual syringes.
Furthermore, the user-friendliness of autoinjectors, the increasing number of product launches with improved functionality in the market, etc., the increasing focus on safety and efficacy, and the rising prevalence of diseases such as multiple sclerosis and anaphylaxis are expected to propel autoinjector sales in the coming years.
The global market for autoinjectors will continue to be driven by the rising need for treating and managing conditions like rheumatoid arthritis, diabetes, multiple sclerosis, and other disorders. The International Diabetes Federation estimates that 463 million people worldwide had diabetes in 2019, and by 2045 it will reach 700 million.
The global autoinjector market is restricted by the availability of a wide range of alternative drug delivery methods and the higher cost of autoinjectors. Another obstacle to the size of the autoinjector market is the difficulty in obtaining autoinjectors.
The path of future opportunities in this segment can be accounted for by development in technology and pharmaceutical companies, as well as an increase in R&D investment, which drives the overall autoinjector market growth.
<p>The United States ruled the North American autoinjectors market in 2021, with a total market share of approximately 91.8%, and this growth is expected to continue throughout the forecast period. Rising disease prevalence, such as anaphylaxis and diabetes, the availability of advanced drug delivery systems, rising healthcare spending, and the strong presence of leading autoinjector manufacturers are some of the factors driving growth in the autoinjectors market in the United States.
Diabetes and anaphylaxis have been on the rise in the United States. According to the Centers for Disease Control and Prevention, over 37.3 million diabetics are in the United States. These people rely heavily on insulin shots to control their blood sugar levels.In 2021, Canada had a market share of roughly 8.2% in North America for autoinjectors, and during the forecast period, it is anticipated to grow at a lucrative rate of 19.7% CAGR. The growing prevalence of autoinjectors for the self-administration of different drugs, the rising incidence of various chronic disorders, and rising health awareness among people are all driving market growth in Canada.
Also read- https://www.strategicmarketresearch.com/market-report/automated-external-defibrillator-market
ket in the United States.