Increasing prevalence of anaphylaxis, diabetes, migraine and rheumatoid arthritis across the globe, growing geriatric population, and rising preference for home care settings are some key factors expected to drive global market growth.
Increasing prevalence of anaphylaxis, diabetes, migraine and rheumatoid arthritis across the globe, growing geriatric population, and rising preference for home care settings are some key factors expected to drive global market growth
According to Emergen Research, the global autoinjectors market size was USD 45.89 billion in 2020 and is expected to reach USD 170.16 billion in 2028 and register a robust CAGR of 17.7% during the forecast period, 2021-2028.
Market Dynamics:
Autoinjectors are medical devices designed for delivering a particular drug dose. These are self-injectable devices that aid in delivering drugs through intramuscular or subcutaneous routes. Most of the autoinjectors are one-use, prefilled, spring-loaded syringes which are easy to use and are widely used for immediate pain relief or regular medical treatments. These devices help to reduce anxiety and improve patient compliance and dosage accuracy. One of the key factors surging demand for autoinjectors is the increasing incidence of anaphylaxis, migraine, status epilepticus, diabetes, psoriasis, multiple sclerosis, and rheumatoid arthritis.
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Factors such as increasing awareness about diagnosis and treatment, rapid advancements in autoinjectors, and rising demand for advanced therapies are expected to drive global market revenue growth over the forecast period. Other factors such as improving healthcare infrastructure, rising healthcare expenditure, growing demand for pre-filled single use autoinjectors, and increasing investments for developing advanced products are expected to fuel market growth going ahead. However, growing inclination toward non-invasive alternative drug delivery routes, ongoing research on oral insulin, high adoption of nasal epinephrine sprays, and chances of needlestick injuries due to lack of proper training can limit the adoption of autoinjectors and hamper market revenue growth to a certain extent over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Disposable Segment To Register Robust Revenue Growth:
The disposable segment is expected to register robust revenue growth during the forecast period owing to factors such as large patient pool, rising elderly population, increasing adoption of home care settings, and high preference for disposable injectors due to easy usage and availability, cost-effectiveness and low risk of infections. Disposable autoinjector has a built-in glass syringe that makes it the best choice for patients with low visibility or visual impairment.
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Home Care Settings Segment to Account for Significant Revenue Share:
The home care settings segment is expected to account for significant revenue share over the forecast period owing to increasing geriatric population, rising prevalence of chronic diseases across the globe, availability of easy-to-use autoinjectors for home use, and growing adoption of home healthcare devices.
North America to Lead In Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue share between 2021 and 2028 owing to increasing incidence of diabetes, anaphylaxis, multiple sclerosis, migraine, and psoriasis, presence of well-developed healthcare facilities, rapid advancements in medical devices. In addition, presence of leading manufacturers, high disposable income, increasing demand for home care settings, and rising investments in developing advanced products are some other factors expected to fuel North America market growth during the forecast period.
Major Companies in the Market Include:
- Braun Melsungen AG
- AbbVie Inc.
- Mylan
- Eli Lilly and Company
- Ypsomed
- Amgen
- Becton, Dickinson and Company
- GlaxoSmithKline plc
- Johnson & Johnson
- Antares Pharma
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For the purpose of this report, Emergen Research has segmented the global autoinjectors market based on therapy, type, route of administration, end-use, and region:
Therapy Outlook (Revenue, USD Billion; 2018–2028)
- Rheumatoid Arthritis
- Multiple Sclerosis
- Anaphylaxis
- Diabetes
- Others
Type Outlook (Revenue, USD Billion; 2018–2028)
- Disposable
- Reusable
Route of Administration Outlook (Revenue, USD Billion; 2018-2028)
- Subcutaneous
- Intramuscular
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Home Care Settings
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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