Auto-Injectors Market size valued 45.4 billion in 2020 and expected to reach USD 109.5 billion by 2027, at a CAGR of 17.6% during the forecast period 2021-2027. Auto-Injector is a medical device that is used to self-inject doses of drugs, typically life-saving drugs. Auto-injector keeps the needle tip covered before injecting and also has a safety mechanism to prevent accidental injection. auto-injector market are gaining importance these days to manage the severe conditions like anaphylaxis, rheumatoid arthritis, multiple sclerosis, and others. Most of the auto-injectors are single-dose and spring-loaded syringes. The site of injection depends upon the drug loaded. Â Auto-Injectors are easy to use and intended for self-administration by patients or any other caretaker or personnel at home. auto injector market manufacturers are diversifying the product portfolio by introducing low-cost auto injector products, incorporate advanced features into products, and with new product launches. For instance, Mylan N.V. introduced a generic version of epipen by reducing the price to half of its original product price. The initial pack of two was sold at US$ 600 until December 2016 that will be sold at US$ 300 from January 2017. Bayer AG introduced betaconnect, an electronic auto injector to treat relapsing-remitting multiple sclerosis in 2016. Companies are actively involved in collaborations and taking license agreements for auto-injector technology. In September 2016, Aptar Pharma (AptarGroup, Inc.) collaborated with Becton, Dickinson and Company (BD) to develop an auto injector using prefillable syringes from BD and Aptar Pharma?s two-step auto-injector technology.
Fastest Growing Market
Global auto injectors market is mainly driven by increase in incidence of the life threatening conditions such as anaphylaxis, multiple sclerosis and other food allergies that need an emergency medication. In addition, advancements in auto injectors like introduction of jet injectors, growing home healthcare segment, and increase in demand for the self-injectors expected to bolster the market growth. Furthermore, new formulations, new drug delivery systems, and advancements in targeted drug delivery systems, favourable government policies are expected to boost the auto injectors market. Many biologics are administered as intravenously hence, many manufacturers are adopting auto injectors for the life-saving biologics. However, stringent regulatory requirements, recent product recalls, and presence of substitute products are hampering the global auto injectors market.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
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