The report titled “Auto-Injectors Market -Forecast to 2022″ is a direct appreciation by Market Research Future of the market potential of the Auto-Injectors Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! The global market for Auto-Injectors is expected to reach USD 2.4 billion by the end of the forecasted period and is expected to grow at a CAGR of ~17.2%.
MarketResearchFuture.com adds “Auto-Injectors Market -2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022” reports to its database.
Auto-Injectors Market – Detailed Regional Analysis:
The regional analysis for auto injectors market covers regions such as Asia Pacific, North America, Europe and Rest of the World. Globally, North America is the largest market for auto-injectors. The North American market for auto-injectors is expected to reach at USD 0.9 billion by the end of the forecast period of 2016-2022. Europe is the second-largest market for auto-injectors. Asia Pacific region is expected to be fastest growing region in auto-injectors market.
Auto-Injectors Market – Competitive Analysis:
The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The industry players in the segment are utilizing their primary resources to initiate a trend of solid, volume-driven growth that has been observed in the market with the development of different varieties of product types. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. However, with companies aiming to capture a considerable share of the market segment as early as possible, they implementing and experimenting with various advantage points.
Some of the key players in this market are UNILIFE CORPORATION, Scandinavian Health Ltd, Owen Mumford Ltd. (UK), kaleo, Inc., Amedra Pharmaceuticals LLC, Enbrel and others.
Auto-Injectors Market – Overview:
Increase in allergy indications has increased the demand for auto injectors market substantially. Market Research Future, a firm which specializes in market reports related to the healthcare sector among others, recently published a report on this market. The worldwide market for auto-injectors is expected to be valued at USD 2.4 billion by the end of the forecasted period and is expected to grow at a CAGR of 17.2% per cent approximately.
The convenience and benefits offered by auto injectors has been instrumental to the demand growth that is being witnessed by this sector. Since the auto injectors can be easily used by non-technical persons especially to treat anaphylaxis, the market for this product has grown swiftly. The auto injectors also prevent contamination of medicine which enable it to be carried out conveniently which has favorably influenced the growth of the market. Increasing incidences of allergy detection will further supplement the growth of the market.
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Auto-Injectors Market – Industry Updates:
Oct 2017 People living with chronic diseases often have to treat themselves at home using a medical device like an auto-injector. Keeping in mind this specific need, Cambridge Design Partnership has created Klarus, an auto-injector that they say will be transformative. The patient only has to pick up the reusable auto-injector from its base station when prompted and then inject themselves before returning the device. Klarus will store drugs at the correct temperature and warm them up when required – minimizing the pain of injecting cold medication. It will then prepare the auto-injector with the correct needle and medication cartridge, and prompt the patient to take their drug.
Aug 2017 a new program, offering free epinephrine auto-injectors to all public elementary schools across the United States, has launched to improve access to the life-saving medication in a school setting. Kaléo, the company behind the Auvi-Q epinephrine auto-injector stated that their new ‘Q Your School’ program will provide up to eight epinephrine auto-injectors and four trainers per school in an academic year. The pharmaceutical company will also give each school educational material on how to identify symptoms of a severe allergic reaction and respond in an emergency.
Nov 2017 kaléo, a privately-held pharmaceutical company, announced recently that the U.S. Food and Drug Administration (FDA) has approved its supplemental New Drug Application (sNDA) for AUVI-Q 0.1 mg, the first and only epinephrine auto-injector (EAI) specifically designed for the treatment of life-threatening allergic reactions, including anaphylaxis, in infants and small children weighing 16.5 to 33 pounds (7.5 to 15 kilograms) who are at risk for or have a history of serious allergic reactions. The sNDA for the AUVI-Q 0.1 mg Auto-injector was granted Priority Review by the FDA, an expedited regulatory pathway reserved for products that may provide significant improvements in the safety or effectiveness of the treatment, diagnosis, or prevention of serious conditions when compared to available therapies.
Auto-Injectors Market – Industry Segments:
The global auto-injectors market has been segmented on the basis of product type which comprises of disposable, reusable and others. On the basis of application, market is segmented into anaphylaxis, allergies, multiple sclerosis, rheumatoid arthritis and others. Finally, on the basis of suppliers, market is segmented into online retailers, pharmacy, retailers and others.
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