An auto-injector is a small pen-shaped device that contains a hypodermic needle administers a fixed dose of medication to patients. These devices are designed to be easy and safe administration of drugs. The auto-injector is mainly used in the treatment of anaphylaxis, rheumatoid arthritis, multiple sclerosis and other diseases.
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Asia Pacific Auto Injectors Market size was around USD 0.44 billion in 2018. It is expected to grow at a CAGR of 18.2% to reach USD 1.01 billion by 2023.
Drivers and Restraints:
Increasing prevalence of anaphylaxis incidences, diabetes and cancer diseases across the region, growing adoption of auto-injectors in the global healthcare industries, advancement of technologies in medical sector, introduction of advanced drug delivery systems, increasing investments for R&D activities by private organizations, rising healthcare expenditure, and increasing aging population across the globe. Restraints of the market are Lack of awareness towards self-medication among the global population, stringent regulatory policies, high cost associated with auto-injectors devices.
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The Asia Pacific Auto Injectors market has geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is growing at the fastest rate due to the rising population, increase in chronic diseases and emerging economies like China and India.
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Major companies in the market are Mylan N.V., Pfizer, Inc., Bayer AG, Becton, Dickinson and Company, Novartis AG, Biogen Idec, Inc., Janssen Asia-Pacific Services, LLC, Sanofi, Unilife Corporation and Eli Lilly and Company.
Scope of the report:
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