Wearable injectors market - Manufacturers, Consumption, Sales, Revenue & Trends its Application and Types 2019-2030

Posted February 13, 2019 by SWAATI

Drug delivery systems with capability to deliver drugs of high viscosity and varying dosage have gained immense popularity with the introduction of biologics

Market Industry Reports (MIR) has published a new report titled “Wearable Injectors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global wearable injectors market is estimated to be over US$ 4.5 Bn in 2017. It is anticipated to grow at a double digit CAGR from 2019 to 2030.

Major Players in the Wearable Injectors Market
The prominent players in the global wearable injectors market are Medtronic, Insulet Corporation, Tandem Diabetes Care, Amgen, Ypsomed, Becton Dickinson and Company, Enable Injections, Debiotech, Inc., Cellnovo, and Valeritas among others.

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Wearable injectors or Large Volume Injections (LVI) devices are a new and innovative product in the pipeline for the injectable drug delivery market. They main purpose is to deliver large volumes of drugs directly in the human body usually in the range of 1 – 2 mL. Large volume wearable injectors are capable of drug delivery primarily via the subcutaneous route and have become a preferred choice for administration of drugs in the home-care setting. Wearable Injector devices are designed to administer highly viscous drugs in large volumes offering numerous benefits such as ease-of-use, reduced chances of dosing-related errors, integrated safety mechanisms, and an almost negligible risk of needle related injuries.

Drug delivery systems with capability to deliver drugs of high viscosity and varying dosage have gained immense popularity with the introduction of biologics. Increasing application and popularity of biologics is anticipated to contribute positively to the growth of the wearable injector market. Similarly, inclusion of latest technologies such as data connectivity, digitalization in healthcare systems, advanced feedback mechanism have been highly beneficial in bringing down human error and simultaneously increasing the overall efficiency of the drug delivery process. Introduction of innovative technologies and simultaneous application of these in drug delivery systems is expected to present an attractive growth prospect for the market in the times to come.

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The Wearable Injector Market is on a high growth rate due to various factors such as adoption of biologics to the latest technology, rise in the number of diabetic and chronic diseases and technologically advanced products in the market to name a few. However factors such as high cost and stringent reimbursement policies regarding wearable injectors hinder the market growth to a certain growth.

The Wearable injectors market is segmented by type, application, end user and region. The Type segment can be further classified into various segments such as Off-Body, On-Body and Accessories. The On-Body segment accounts for the largest share in the market due to rising demand for wearable devices. The Application segment can be further classified further as Diabetes, Oncology and Cardiovascular. The Diabetes segment accounts for the largest share in the market due to various reasons such as increasing demand for continuous monitoring devices and insulin pumps as well as rise in number of Diabetes patient. The End-User segment can be further classified as Clinics, Home Care and Hospitals. The Hospital segment accounts for the largest share of the market due to various reasons such as technological advancements in the Wearable Injector market.

Increasing adoption of wearable injectors can be attributed to rising awareness, disposable incomes, and implementation of advanced drug delivery technologies. Moreover, rising prevalence of chronic disorders is anticipated to contribute substantially to the growth of the global wearable injectors market between 2019 and 2030.Educational establishments, namely Wyss Institute, have initiated partnership with KeepSmilin4Abbie Foundation, to develop wearable devices for both swift detection of anaphylaxis and automated treatment of the same by means of epinephrine delivery.

The Geographic representation for the Wearable Injector market can be classified into various regions such as North America, Europe, Asia-Pacific and the rest of the World (RoW). North America dominates as the largest share for the segment due to rising prevalence of diabetes and availability of technology advanced wearable products. However the Asia-Pacific regions centered mostly in the areas of India, China and Japan is expected to have the highest growth CAGR attributed to various factors such as high number of diabetes patients and growing healthcare Industry.

Report holds answers to important questions :
1.What will the local and international competition for vendors operating in the Wearable injectors market look like during the forecast period, 2019 to 2030?
2.What impact will innovative technology and product substitutes have on the use of a service and product?
3.What are the trade barriers in the Wearable injectors market?
4.What are the important catalysts that will shape the preference of the customers during the forecast period, 2019 to 2030?
5.What will be the expected ROI (return on investment)? How much profit will the Wearable injectors market players make?
6.Which distribution trends and developments will continue to dominate the Wearable injectors market in the coming years?
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Issued By MIR
Country Uganda
Categories Medical , Nutrition , Research
Last Updated February 13, 2019