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Research Reports

Auto-injectors Market is expected to reach US$ 7,266.6 Mn by 2027 at a CAGR of 15.1% during the forecast period

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Auto-injectors Market: The report provides a valuable source of insightful data for business strategists and competitive analysis of Auto-injectors Market. The study covers important knowledge that makes the analysis document a handy resource for managers, analysts, business consultants and different key individuals get ready-to-access and self-analyzed study in conjunction with graphs and tables to assist perceive market trends, drivers and market challenges.It also highlights the restraints and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth throughout the above mentioned forecast period in terms of revenue(in US$ Mn) and Volume (Thousand Units), across different geographies.

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Auto-injector devices provide instantaneous relief to those who suffer from various types of diseases and injuries by delivering medicine via injection into the muscles. These devices have now become indispensable parts of our lives. This is especially true for those who suffer from allergies or have allergic reactions. With the aid of an auto-injector, people suffering from such conditions can take pain-free medicine immediately and can be able to lead normal lives. Growing cases of anaphylaxis is one of the major factors aiding growth of the market. As per the Allergy & Asthma Network, in the U.S., anaphylaxis has around 1.6 and 5.1% prevalence in the U.S. Anaphylaxis is a severe, life-threatening allergic reaction and its symptoms include skin rash, vomiting, nausea, and difficulty in breathing. Physicians may prescribe epinephrine auto-injector for a child at risk of severe anaphylaxis. Thus, such factors can stimulate growth of the auto-injectors market.

Another key factor that could fuel the development of the said market is increasing R&D efforts by companies to develop cost-effective new technologies. Key companies are focused on continuous research and development activities, in order to develop advanced technologies at competitive prices. Hence, such factors can potentially augment growth of the auto-injectors market. Recently, in October 2019, Becton, Dickinson & Co. launched the BD Intevi 1 mL two-step disposable autoinjector for enhanced delivery.

Some auto-injectors are perfect for administering epinephrine and adrenaline in cases of emergencies. This is due to the fact that the dosage is adjusted automatically and the proper dose is given in cases where there is an emergency. For this reason, this type of device is also ideal for administering theophylline, a powerful allergy reliever. When it comes to regional impact, North America seems to be gaining significant traction in the auto-injectors market. This is due to the presence of well-established healthcare infrastructure and technological advancements in medical devices in the region. Besides, high cases of asthma among children could further accelerate the regional market growth. On the contrary, Asia Pacific is another key region exhibiting positive signs due to high incidences of diabetics and anaphylaxis due to food allergies.

That being said, there are various other factors that could still limit the potential development of the market. For instance, the availability of alternate drug delivery modes can pose major challenges to the market growth. Besides, the development of nasal epinephrine sprays and lack of adequate training for using auto-injectors could significantly impede growth of the auto-injectors market in the near future.

Top Key Players Include In Auto-injectors Market: Becton, Dickinson and Company, Sanofi, Pfizer, Inc., Mylan N.V., Novartis International AG, Bayer AG, Janssen Global Services, LLC, Antares Pharma, Inc., Amgen Inc., and Eli Lilly and Company.

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The post Auto-injectors Market is expected to reach US$ 7,266.6 Mn by 2027 at a CAGR of 15.1% during the forecast period appeared first on Gatorledger.

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