SAN FRANCISCO, March 24, 2021 /PRNewswire/ -- The global wearable injectors market size is expected to reach USD 18.3 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 17.2% from 2021 to 2028. Wearable injectors are drug administration devices designed to deliver drugs in large volumes subcutaneously. It is gaining popularity owing to its advantages such as reduced pain, ease of administration, and elimination of costly health facility visits.
Key suggestions from the report:
- By type, the on-body segment led the market in 2020 owing to its advantage to be worn on the skin
- The spring-based technology segment held the largest share of 36.3% in 2020 due to a rise in demand for adhesive patches for the treatment of chronic conditions, such as cancer and diabetes
- The home care end-use segment led the market in 2020. This can be attributed to a rise in preference for self-administration, especially during the COVID-19 pandemic
- North America dominated the market with a share of 41.5% in 2020 owing to the rising prevalence of chronic diseases
Read 114 page research report with ToC on "Wearable Injectors Market Size, Share & Trends Analysis Report By Type (On-body, Off-body), By Technology (Spring-based, Motor-driven), By Application (Oncology, Autoimmune Diseases), By End Use, And Segment Forecasts, 2021 - 2028" at:https://www.grandviewresearch.com/industry-analysis/wearable-injectors-market
Over the last decade, patient interest in the self-administration of injectable drug therapies has grown. The increasing prevalence of diabetes, chronic pain, and auto-immune diseases, such as rheumatoid arthritis, is increasing the use of wearable injectors. Their demand is increasing for the long-term management of asthma, chronic obstructive pulmonary disease (COPD), high cholesterol, and cancer. This is expected to create a lucrative opportunity for advanced device manufacturers to make wearable devices used to administer larger dose volumes at the comfort of home.
The recent COVID-19 pandemic has brought remote care technologies, such as wearable injectors, into the spotlight. Demand for chronic disease products remains largely unaffected by the pandemic. Since wearable injectors serve with the option of delivering medications at home, its demand has also remained stable or rather grown for the short term. Patients suffering from chronic diseases are opting for these devices as it reduces the risk of exposure to COVID-19 by eliminating hospital visits. The pandemic has, however, affected some of the devices in the pipeline, affecting short-term investments. Leading players who continue to invest in innovation push projects forward despite COVID-19 are expected to put their companies in a stronger competitive position post-crisis.
Grand View Research has segmented the global wearable injectors market based on type, technology, application, end-use, and region:
- Wearable Injectors Type Outlook (Revenue, USD Million, 2016 - 2028)
- On-body
- Off-body
- Wearable Injectors Technology Outlook (Revenue, USD Million, 2016 - 2028)
- Spring-based
- Motor-driven
- Rotary Pump
- Expanding Battery
- Others
- Wearable Injectors Application Outlook (Revenue, USD Million, 2016 - 2028)
- Oncology
- Infectious Diseases
- Cardiovascular Diseases
- Autoimmune Diseases
- Others
- Wearable Injectors End-use Outlook (Revenue, USD Million, 2016 - 2028)
- Hospitals
- Clinics
- Home Care
- Others
- Wearable Injectors Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
List of Key Players of Wearable Injectors Market
- 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.
- CeQur SA
Find more research reports onMedical Devices Industry, by Grand View Research:
- Vaccine Delivery Devices Market - The global vaccine delivery devices market size was valued at USD 3.33 billion in 2016 and is projected to grow at a CAGR of 7.3% during the forecast period.
- Subcutaneous Drug Delivery Devices Market - The global subcutaneous drug delivery devices market size was valued at USD 21.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 10.4% from 2020 to 2027.
- Injectable Drug Delivery Market - The injectable drug delivery (IDD) market was estimated at USD 331.0 billion in 2015. With an upsurge in the number of chronic diseases like diabetes and cancer, the need for drug delivery systems has risen substantially.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global an
d regional business environment and gauge the opportunities that lie ahead.
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