North America Large Volume Wearable Injectors Market Research Report – Segmented By Application, Therapeutic area, Mechanism of injection, Wearable injector type, Usage and Country (the United States, Canada and Rest of North America) – Industry Size, Share, Trends and Growth Forecast (2024 to 2029)

Updated On: January, 2024
ID: 7623
Pages: 145

North America Large Volume Wearable Injectors Market Size (2024to 2029)

The Large Volume Wearable Injectors Market in North America is estimated to grow at a healthy CAGR from 2024 to 2029.

Wearable injectors are medication delivery systems that monitor the human body and provide significant amounts of pharmaceuticals subcutaneously over time. Recent advances in biotechnology have produced a broad spectrum of protein-based compounds that must be injected to provide improved therapeutic effects. Large volume wearable injectors are defined as devices that can store a large number of medications in a small amount of space. Furthermore, these devices are made to adhere to the patient's body and distribute the drug subcutaneously over a long period.

The expansion of the large volume wearable injectors market is expected to be fueled by the rising demand for self-administrative medication delivery devices and improved healthcare infrastructure across North America. The need for self-administrative medication delivery systems is increasing in the United States and Canada, and the region's healthcare infrastructure is growing, propelling the growth of the North American market.

Wearable injectors are not reimbursed in a few underdeveloped nations. As a result, wearable insulin pumps are not paid, and there are no set rules for their use on prescription. Patients with Type 1 diabetes in the United States are responsible for the entire expense of insulin pumps and supplies. The absence of reimbursement directly impacts access to and acceptance of wearable injectors. It is projected to have a negative effect on market growth during the forecast period. On-body accounted for the highest share. The patient’s ability to supply a precise amount of medicine to the body over a specified length of time accounts for a substantial share of this market.

This research report on North America Large Volume Wearable Injectors Market has been segmented and sub-segmented into the following categories:

By Application:

  • Hospitals
  • Ambulatory Surgery Centers
  • Home Care Settings
  • Clinics
  • Others

By Wearable Injector Type:

  • Hand-Held
  • Off-Body (Belt Clip)
  • On-Body (Adhesive Patch)

By Therapeutic Area:

  • Infectious Diseases
  • Diabetes
  • Oncology
  • Cardiovascular
  • Auto-Immune Disorders
  • Others

By Mechanism of Injection:

  • Collapsible Reservoir Rotary Pump
  • Spring-Based Expanding Battery
  • Motor-Driven
  • Pressurized Gas

By Usage:

  • Semi-Reusable
  • Disposable

By Country:

  • The United States
  • Canada
  • Rest of North America

Geographically, this region leads the market in market share. The main focus of companies is the development of innovative ways to help people suffering from certain diseases that require a constant infusion of medicines. Start-ups focussing on new product solutions in this region have seen heavy backing from Venture Capitalists, thereby contributing to a massive surge in Research and Development sector. Furthermore, an increase in chronic diseases such as diabetes and cancer contributes to the market's growth in this region. However, because of increased awareness about the usage of large volume wearable injectors, North America is expected to grow the fastest during the projection period. Furthermore, the ever-evolving life science industry propels market expansion in developing economies like the United States and Canada.

KEY MARKET PLAYERS:

Companies playing a vital role in the North America large volume wearable injectors market profiled in this report are Ypsomed AG, West Pharmaceutical Services Inc., Sensile Medical AG, Becton Dickinson and Company, Amgen Inc., Enable Injections Inc., Unilife Corporation, and Insulet Corporation.

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