SEATTLE, April 15, 2021, (MEDGADGET) — Larger volumes of drug delivery require a new product concept, a large-volume wearable injector
Large volume wearable injectors are devices that are used to deliver high volume of drugs usually in the range of 2 – 50 ml within 2 – 15 minutes. There are many chronic conditions, which require prolonged and continuous drugs delivery and introduction of wearable injectors is a significant innovation in the field of novel drug delivery systems. Many global pharmaceutical companies are developing biologic therapeutics which are basically rooted onto monoclonal antibodies for the treatment of autoimmune disorders and immuno-oncology drugs. With the busy lifestyle there is a low possibility of regular intake of drugs through injections, typically weekly, biweekly or monthly by people suffering from various chronic conditions that require constant medication. Wearable injectors offer the perfect solution in terms of portability and precise dosage administration.
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According to Enable Injections’ Vice-President of Corporate Development, the cost to launch a single pharmaceutical drug into market, which was an estimated US$ 2.6 billion in 2015, is a huge expenditure for a new developing pharma company, and places a greater burden to remain competitive in the market. Pioneering products is a high risk and high reward situation owing to a number of companies focusing on developing first-in-class treatments, with only the most effective surviving in the market. Collaborations between various companies are creating lucrative opportunities for players operating in both large volume wearable injectors and wearable medical devices markets.
The global large volume wearable injectors market is segmented on the basis of injector, usage, injector mechanism, therapeutic area, end user, and region. On the basis of injector, the market is segmented into on-body, off body, and hand held. On the basis of usage, the market is divided into disposable and reusable. On the basis of injector mechanism, the market is divided into spring-based, pressurized gas, motor driven, rotary pump and expandable battery. On basis of therapeutic area, the large volume wearable injectors market is divided into oncology, diabetes, cardiovascular, auto-immune disorders, infectious disease and others. Based on end user, the market is divided into hospitals, home care settings, clinics, and ambulatory surgical centers, and others.
Collaboration of Pharma and Medical Devices companies to Put Large Volume Wearable Injectors Market on high growth trajectory
On the basis of region, the large volume wearable injector market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account for a major revenue share in the large volume wearable injectors as many medical device and pharma companies combined together have research and development centers in U.S., which makes early accessibility of advanced technologies and higher penetration of health care services. For instance, Amgen launched a therapeutic product used to deliver 70mg drug every week and then the modification of product transformed weekly dose regime to monthly. This can be used with either a prefilled syringe or auto injector. The company has developed a wearable injector, which was approved by USFDA and the device was launched in the U.S. market in 2016. Other factors fueling growth of the large volume wearable injector market are efficacy in long term dosage, and rising number of patients with chronic long-term disorders.
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Key players operating the large volume wearable injectors market include SteadyMed Therapeutics, Inc., Enable Injections, UNILIFE CORPORATION, Insulet Corporation, Sensile Medical AG, Becton, Dickinson and Company, West Pharmaceutical Services, Inc., Bühler Motor GmbH, Ypsomed, Amgen Inc., among others. Major pharmaceutical and medical companies in the market are focused on introducing innovative products in the market, and lowering production costs as many large volume biologics are still under clinical trials. For instance, in June 2016, Ypsomed Self-care Solution collaborated with Novo Nordisk to develop and provide new dimensions in insulin pump therapy.
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