According to a recent Growth Plus Reports study, the global auto-injectors market is estimated to hit US$ 191.21 billion by 2030, with a revenue CAGR of 16.60%. The study examines the important strategies, drivers and prospects, competitive circumstances, shifting market dynamics, market size, data and forecasts, and important investment regions.
Key Takeaways:
- The increasing prevalence of anaphylaxis, migraine, and chronic conditions will drive market revenue growth.
- The expiration of biologics patents will drive demand for auto-injectors.
- North America dominates the global auto-injectors market.
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Auto-Injectors Market Scope
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 48 billion |
|
Revenue forecast in 2030 |
US$ 191.21 billion |
|
Growth Rate |
CAGR of 16.60% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Segments covered |
Product type, disease indication, end-user, and region. |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Market Drivers
An increase in the demand for targeted therapies and self-administration will drive the revenue growth of the auto-injectors market. Furthermore, the rise in the prevalence of anaphylaxis, migraine, and chronic conditions such as diabetes, rheumatoid arthritis, and multiple sclerosis are expected to boost the market revenue growth rate. Apart from this, a rise in the research & development activities related to biologics, rising regulatory approvals, increased adoption of advanced technologies, the expiration of biologics patents, and rising investments by major players for developing cost-effective and reusable devices are expected to support the market’s revenue growth.
Market Segmentation
Growth Plus Reports has analyzed the global auto-injectors market from four perspectives: Product Type, Disease Indication, End-User, and Region.
Product Type Segmentation: Based on the product type, the global auto-injectors market is segmented into disposable and reusable auto-injectors. The disposable auto-injectors segment dominates the market with the largest revenue share because of their ease of use.
Disease Indication Segmentation: Based on the disease indication, the global auto-injectors market is segmented into rheumatoid arthritis, multiple sclerosis, diabetes, anaphylaxis, and other therapies. The anaphylaxis segment dominates the market because of the rising prevalence of allergic reactions to foods, medicines, insect stings & bites, and latex.
End-User Segmentation: Based on the end-user, the global auto-injectors market is segmented into hospitals, home care, and others. The home care segment dominates the market because of the rise in self-administration demand and the rising incidence of anaphylaxis and diabetes.
Regional Growth Dynamics
Based on the region, the global auto-injectors market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominates the global auto-injectors market with the largest revenue share. The rising prevalence of anaphylaxis due to allergies, developed healthcare infrastructure, high healthcare expenditure, and top market players in the region are the major factors responsible for North America’s significant revenue share in the global market.
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Competitive Landscape
The key players in the global auto-injectors market are:
- Mylan N.V.
- AbbVie Inc.
- Eli Lilly and Company
- Amgen Inc.
- Becton, Dickinson, and Company
- Ypsomed Holding AG
- Johnson & Johnson
- Teva Pharmaceutical Industries Ltd
- Pfizer Inc.
- Merck KGaA
- Owen Mumford Ltd.
- Halozyme Therapeutics.
- GlaxoSmithKline plc
- Biogen Inc.
- Sanofi S.A.
- Scandinavian Health Ltd.
The market for auto injectors is moderately competitive, with several multinational companies. To enhance their market position, major competitors engage in technological advancements, R&D, and mergers and acquisitions.
Recent developments:
- Halozyme Therapeutics, Inc. acquired Antares Pharma, Inc., a prominent company in drug delivery and specialty products, in May 2022. With product combinations like ENHANZE and Antares’ auto-injector technologies, this acquisition will help Halozyme improve its position as a leading drug delivery company.
- Jabil Healthcare announced the launch of its affinity auto-injector platform in May 2022. This platform enables patients to self-administer various injectable medicines, including larger-volume, higher-viscosity medicines.
- Stevanato Group S.p.A. signed an exclusive agreement with Owen Mumford Ltd. in May 2022 for the Aidaptus auto-injector, a two-step, single-use auto-injector with a versatile design that accommodates both 1mL and 2.25 mL prefilled glass syringes in the same base device.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Year – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL AUTO-INJECTORS MARKET – ANALYSIS & FORECAST, BY PRODUCT TYPE
- Disposable auto-injectors
- Reusable auto-injectors
- Prefilled
- Empty
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VALUE PROPOSITIONS RELATED TO THE REPORT:
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- Comprehensive quantitative and qualitative insights at segment and sub-segment level
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- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
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