As per our report, the global autoinjectors market size is predicted to be worth USD 3.12 billion in 2022. This market is estimated to be growing at a CAGR of 16.85% and worth USD 6.92 billion by 2027. In 2020, the North American regional market accounted for the leading autoinjectors market share globally. Patients with chronic diseases are encouraged to use this technology. Multi-national companies focus on developing markets such as the Asia-Pacific region due to the availability of well-developed manufacturing infrastructure and low-cost jobs.
Autoinjectors are used to deliver a single dose of a drug, mainly life-saving drugs. These autoinjectors are spring-loaded syringes that are mostly designed for the safe and secure application of drugs. The auto-injector delivery method is driven market and made a paradigm shift. Self-injection devices are primarily used for delivering human growth hormones, and technologically advanced autoinjectors recently replace insulin.
MARKET DRIVERS:
Y-O-Y growth in the prevalence of anaphylaxis attacks is majorly driving the global autoinjectors market growth.
An anaphylaxis attack can be life-threatening. The growing incidence of these attacks is directly influencing the global autoinjectors market. The prevalence of these attacks is high in America compared to the countries around the world. The rising patient counts of diabetes, Rheumatoid arthritis patients, and cancer are some of the other vital factors responsible for fuelling the growth of the global autoinjectors market. Also, the approvals and funding given by the government are anticipating the growth of the global autoinjectors market.
Additionally, factors such as technological advancements and innovation in drug delivery systems, increased adoption of autoinjectors are expected to drive market growth. Soaring the prevalence of diabetes and cancer, simplifying self-medication, and improved patient adherence, many advantages such as security, comfort, and precision favor market growth. Favorable government policies and high investments are further expected to push the global autoinjectors market growth.
MARKET RESTRAINTS:
High prices, lack of awareness to patients towards self-medication, injuries associated with autoinjectors, are expected to hinder the growth rate of the global autoinjectors market. Moreover, stringent regulations, lack of awareness of self-injectors in the patients, and the infections caused by the needle- stick and injuries are further anticipated to limit the global autoinjectors market growth.
Impact of COVID-19 on the global autoinjectors market:
The COVID-19 pandemic has resulted in a healthcare crisis worldwide. The outrage of COVID 19 has a combination of effects on the injection delivery market. Healthcare visits are decreased by 40% worldwide during the first few weeks of the pandemic period.
Once the restrictions have been amended, there has been a sweeping decline in patients delaying seeking care and treatment. The autoinjectors market has been affected positively due to the COVID-19. The COVID-19 pandemic has been hiking demand for self-injections, allowing the patients to have more participation and control over their treatment. The advanced technologies available in the autoinjectors market have revived as they permit better injection speed and treatment anxiety management. Catalent Biologics, a pharmaceutical company, has seen an uplifting demand for autoinjectors from the pandemic period. The need for effective home care and remote monitoring has autoinjectors' applicability to effortlessly and quickly manage chronic ailments and allergies without visiting the hospital. The autoinjectors usage is correct for diabetes, Crohn's disease, and rheumatoid arthritis patients depending on prefilled syringes and autoinjectors to control their condition at home. These autoinjectors allow safe and effective medication administration outside the clinic instead of visiting the hospitals or clinics. It is further expected to add fuel to the growth rate of the market during the forecast period.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 to 2027 |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2027 |
|
Segments Covered |
By Product, Manufacturing Design, Usability, Technology, Application, Distribution Channels, and Region. |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities. |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa. |
This market research report on the global autoinjectors market has been segmented and sub-segmented based on the product, manufacturing design, usability, technology, application, distribution channels, and region.
Autoinjectors Market - By Product:
The largest share of the market was accounted for by the prefilled autoinjectors segment in 2020 and is expected to remain dominant throughout the forecast period based on the product. They come with standard prefilled drug barrels and are simple to use. The most significant advantage provided by prefilled syringes is the elimination of dose error.
Autoinjectors Market – By Usability:
Based on usability, because of its ease of use, convenience, and patient preference, the disposable autoinjectors segment accounted for the largest share in 2020. Variables such as increased patient awareness and patient inclination toward using self-administration increased demand for autoinjectors due to increased incidence of anaphylaxis, and other emergency conditions, combined with simple-to-use autoinjectors, are significant forces driving growth for this segment.
The segment of Reusable Autoinjectors is projected to be the fastest-growing segment during the forecast period. Reusable autoinjectors are provided in two types, like autoinjectors that are prefilled and empty.
Autoinjectors Market – By Manufacturing Design:
The standardized autoinjectors segment is estimated to hold the largest share over the forecast period based on the manufacturing design. Due to the factors such as growing occurrences of cancer and diabetic cases, the launch of reimbursement policies by the government, and making betterment changes in increasing concentration on research and development.
On the other hand, the customized autoinjectors segment is estimated to showcase the highest growth rate during the forecast period.
Autoinjectors Market – By Technology:
Based on technology, the automated autoinjectors segment led the global market in 2020. Increasing preference for these automated autoinjectors among the patient population, particularly during emergencies, and raising awareness through campaigns are significantly pushing the growth of this segment. Growing regulatory approvals and increasing usage of biologics for drug delivery are some other factors propelling growth.
Autoinjectors Market – By Application:
Based on the application, the segment of anaphylaxis accounted for the highest share in 2020 in the global market. This significant proportion can be attributed to the increased incidence of anaphylactic reactions due to stings of food, medicines, latex, and insects.
The segment of Rheumatoid Arthritis is anticipated to hold a substantial share in the global market throughout the forecast period. Most of the patients with rheumatoid arthritis using an autoinjector for treatment were confident about the system. They had even better outcomes than those who obtained injections from someone else.
Autoinjectors Market – By Distribution Channels:
Autoinjectors Market – By Region:
Regionally, North America had the largest share in the global market in 2020. The United States accounted for a significant share in the global market among all the countries due to the rising cases of anaphylaxis, an increase in disposable income, and growth in the pharmaceutical industry. In the United States, rising incidents of Anaphylaxis and Rheumatoid arthritis are propelling the market's growth. As per the America Academy of Paediatrics, about 7.6% amongst 5.6 million children in the United States had food allergies.
The Asia Pacific is anticipated to have a significant growth rate during the forecast period due to the growing presence of diabetic patient count and increasing population. In this region, countries are accepting and developing new products boosting the market growth. Similarly, India, China, and Japan are expected to contribute pointedly to the market growth.
Europe had occupied the second-largest share in the global autoinjectors market in 2020. The European market is predicted to grow at a CAGR of 16.32% during the forecast period. Standard increase in the rate of chronic diseases and increasing funds and investments in research and development activities by the key players, particularly by the private organizations in this region, are majorly fueling the market growth. In Europe, the German Autoinjectors market is predicted to lead the European autoinjectors market accounting for a substantial share during the forecast period.
The Latin American market is estimated to showcase a CAGR of 16% throughout the forecast period. Brazil is one of the leading nations, followed by Mexico, Argentina, and Columbia. The growth is allocated due to favorable government policies and also huge funds by private organizations. The growth is attributed due to growing investments contributed by the key players, increasing awareness associated with the utilization of auto-injectors, and also the support from the government.
The Middle East & Africa region is expected to have sluggish growth over the forecast period. The growth of the market is credited due to the deficient healthcare infrastructure, particularly in the African region.
KEY MARKET PARTICIPANTS:
Some of the notable companies operating in the global autoinjectors market profiled in this report are Mylan N.V., Pfizer, Inc., Bayer AG, Becton, Dickinson and Company, Novartis AG, Biogen Idec, Inc., Janssen Global Services, LLC, Sanofi, Unilife Corporation and Eli Lilly and Company.
RECENT HAPPENINGS IN THE GLOBAL AUTOINJECTORS MARKET:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Fillable Autoinjectors
5.1.3 Prefilled Autoinjectors
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 Usability
5.2.1 Introduction
5.2.2 Disposable Autoinjectors
5.2.3 Reusable Autoinjectors
5.2.4 Y-o-Y Growth Analysis, By Usability
5.2.5 Market Attractiveness Analysis, By Usability
5.2.6 Market Share Analysis, By Usability
5.3 Manufacturing Design
5.3.1 Introduction
5.3.2 Standardized Autoinjectors
5.3.3 Customized Autoinjectors
5.3.4 Y-o-Y Growth Analysis, By Manufacturing Design
5.3.5 Market Attractiveness Analysis, By Manufacturing Design
5.3.6 Market Share Analysis, By Manufacturing Design
5.4 Technology
5.4.1 Introduction
5.4.2 Automated Autoinjectors
5.4.3 Manual Autoinjectors
5.4.4 Y-o-Y Growth Analysis, By Technology
5.4.5 Market Attractiveness Analysis, By Technology
5.4.6 Market Share Analysis, By Technology
5.5 Application
5.5.1 Introduction
5.5.2 Anaphylaxis
5.5.3 Multiple Sclerosis
5.5.4 Rheumatoid Arthritis
5.5.5 Y-o-Y Growth Analysis, By Application
5.5.6 Market Attractiveness Analysis, By Application
5.5.7 Market Share Analysis, By Application
5.6 Distribution Channels
5.6.1 Introduction
5.6.2 Hospitals
5.6.3 Retail
5.6.4 Online Pharmacies
5.6.5 Others
5.6.6 Y-o-Y Growth Analysis, By Distribution Channels
5.6.7 Market Attractiveness Analysis, By Distribution Channels
5.6.8 Market Share Analysis, By Distribution Channels
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Usability
6.1.3.4 By Manufacturing Design
6.1.3.5 By Technology
6.1.3.6 By Application
6.1.3.7 By Distribution Channels
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Usability
6.1.4.4 By Manufacturing Design
6.1.4.5 By Technology
6.1.4.6 By Application
6.1.4.7 By Distribution Channels
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Usability
6.1.5.4 By Manufacturing Design
6.1.5.5 By Technology
6.1.5.6 By Application
6.1.5.7 By Distribution Channels
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Mylan N.V.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Pfizer, Inc.,
8.3 Bayer AG
8.4 Becton, Dickinson and Company
8.5 Novartis AG
8.6 Biogen Idec, Inc.,
8.7 Janssen Global Services
8.8 Sanofi
8.9 Eli Lilly and Company
8.10 Unilife Corporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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