Global Wearable Injectors Market Is Expected To Reach Around USD 11.7 Billion By 2025

11-Mar-2019 | Zion Market Research

Zion Market Research has published a new report titled “Wearable Injectors Market by Type (Off-Body Injectors and On-Body Injectors), by Therapeutic Application (Cardiovascular Diseases, Diabetes, Immuno-Oncology, and Others), and by End-User (Home Care Settings, Clinics, Hospitals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global wearable injectors market was valued at approximately USD 5.6 billion in 2018 and is expected to generate around USD 11.7 billion by 2025, at a CAGR of around 11.2% between 2019 and 2025.

Wearable injectors are easy to use and convenient drug delivery devices that adhere to the body to subcutaneously administer the drug for a prolonged time period. These devices are also known as patch pumps or patch injectors. Painful multiple injections using traditional prefilled syringe can be avoided with the help of wearable injectors, which are ideal for viscous, large volume drugs, which can be used for cancer, diabetes, and cardiovascular disease treatment.

Browse the full “Wearable Injectors Market by Type (Off-Body Injectors and On-Body Injectors), by Therapeutic Application (Cardiovascular Diseases, Diabetes, Immuno-Oncology, and Others), and by End-User (Home Care Settings, Clinics, Hospitals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/wearable-injectors-market

Global Wearable Injectors Market

The growing prevalence of chronic disorders worldwide, such as diabetes, cancer, cardiovascular diseases, etc., technological advancements in wearable injectors design, increasing investments made by major players, and favorable reimbursement policies for wearable injectors are major factors contributing to the global wearable injectors market. Additionally, the growing preference for wearable injectors to avoid needlestick injuries caused by traditional injectors, large-scale adoption of wearable injectors, and continuous increase in the development of biologics will further propel the wearable injectors market globally. However, the high cost and availability of alternative drug delivery systems may the hamper wearable injectors market. The growing demand for biologics and monoclonal antibodies are likely to bring new growth opportunities in the wearable injectors market in the future.

The global wearable injectors market is segmented based on type, therapeutic application, and end-user. By type, the market is segmented into off-body injectors and on-body injectors. Skin sensitivity, painful removal, and irritation associated with on-body injectors are fuelling the adoption of off-body injectors.

By therapeutic application, the market is segmented into cardiovascular diseases, diabetes, immuno-oncology, and others. The immuno-oncology segment held the largest market share in 2018, due to the growing prevalence of cancer and increase cancer awareness. The diabetes segment will show the highest CAGR in the upcoming years, owing to the increasing diabetes prevalence worldwide and rising use of insulin and insulin analogs by diabetes patients.

Home care settings, clinics, hospitals, and others form the end-user segment of the wearable injectors market. Hospitals held the largest market share in 2018, whereas home care settings are expected to register the highest growth in the future.

North America dominated the global wearable injectors market with a market share of about 42% in 2018 and is estimated to maintain its leading position over the forecast time period as well. This can be attributed to the increasing prevalence of chronic diseases, such as diabetes, cancer, cardiovascular diseases etc., the presence of major market players, favorable reimbursement policies for wearable injectors, developed healthcare infrastructure, and growing adoption of wearable injectors. Europe was the second largest region in 2018 in the global wearable injectors market, due to the developed healthcare infrastructure, favorable reimbursement policies, and growing adoption of technologically advanced therapies. Asia Pacific will witness the highest CAGR over the forecast time period in the wearable injectors market globally, owing to an increasingly aging population that is prone to suffering from chronic diseases, growing health awareness, and need for self-drug administration for diabetes, cardiovascular diseases, etc.

Some key players of the global wearable injectors market include Medtronic PLC, Amgen, Ypsomed, Tandem Diabetes Care, Inc., Insulet Corporation, Becton, Dickinson, and Company, Valeritas, Inc., United Therapeutics Corporation, SteadyMed Therapeutics, Enable Injections, and Sensile Medical.

This report segments the global wearable injectors market as follows:

Global Wearable Injectors Market: By Type

  • On-Body Injectors
  • Off-Body Injectors

Global Wearable Injectors Market: By Application

  • Immuno-Oncology
  • Diabetes
  • Cardiovascular Diseases
  • Others

Global Wearable Injectors Market: By End-User

  • Hospitals
  • Clinics
  • Home Care Settings
  • Others

Global Wearable Injectors Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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