According to AMR’s prediction, Wearable Injectors Market By Type (On-Body and Off-Body), Usage (Disposable and Semi-Reusable), Technology (Electronic, Mechanical, and Others), Mechanism Of Injection (Motor Driven, Spring Driven, Expanding Battery, Rotary Pump, Collapsible Reservoir, and Pressurized Gas), Therapeutic Area (Diabetes, Oncology, Cardiovascular Disease, and Others), and End User (Clinics, Hospitals, Ambulatory Surgery Centers, Home Care Settings, and Others): Global Opportunity Analysis And Industry Forecast, 2021–2030.” According to the report, the global wearable injectors industry generated $5.02 billion in 2020, and is estimated to reach $19.51 billion by 2030, witnessing a CAGR of 15.3% from 2021 to 2030.
♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
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Key Findings of the Study –
- On the basis of type, the on-body injectors segment was the highest contributor to the market in 2020.
- Depending on usage, the semi-reusable segment was the highest contributor to the market in 2020.
- By technology, the mechanical injector segment was the highest contributor to the market in 2020.
Wearable Injectors (WI) are stick-on delivery systems for delivering large doses (greater than 2ml) of medication under the skin for extended periods of time. Portable injectors release medication over a predetermined period of time. Patients can inject themselves with small injectors, reducing the burden on doctors and medical staff. Portable injectors play an important role in the treatment of diabetes and many chronic diseases such as cancer, respiratory diseases and arthritis. Portable injectors are cheaper than intravenous infusion because they do not require additional equipment or a trained person to administer the drug.
On January 30, 2020, the World Health Organization (WHO) declared the outbreak of COVID-19 a public health emergency of international concern. COVID-19 has affected about 210 countries around the world. The COVID-19 pandemic is an unprecedented global public health challenge and is expected to impact the portable injector market. The COVID-19 pandemic is prompting all healthcare facilities to turn to home treatment to prevent the spread of the COVID-19 pandemic. In addition, awareness of the urgent need of the global market has supported the development of vaccination devices.
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
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Based on region, North America contributed to the highest market share in 2020, holding nearly two-fifths of the global wearable injectors market, and is expected to maintain its dominance by 2030. This is attributed to the presence of key players for manufacturing & developing wearable injector devices and rise in number of hospitals & diagnostic centers. However, Asia-Pacific is projected to portray the fastest CAGR of 17.2% during the forecast period. This is due to increase in diagnostic procedures and prevalence of chronic diseases.
Key Market Players –
Major key players that operate in the industry are Enable Injections, United Therapeutics (Steadymed Therapeutics, Inc.), Insulet Corporation, Medtronic PLC, Sensile Medical Ag, West Pharmaceutical Services, Inc., Becton Dickinson and Company, Buhler Motor Gmbh, Ypsomed, and Eoflow.
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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