Auto-Injectors Market Drivers, Opportunities, and Trends in Coming Years

The prevalence of diabetes across the globe has been increasing rapidly, due to the changing lifestyle of people. As per the World Health Organization, about 422 million adults were suffering from diabetes in 2014, and this number has increased significantly since then. Owing to busier lives, people are not engaging into physical activity and are increasingly consuming large amounts of unhealthy food. Ascribed to this, the demand for auto-injectors is increasing at a swift pace across the globe.

As the name suggests, an auto-injector is a device that is utilized for injecting oneself with a dose of drug that is preloaded in the syringe. These devices are primarily utilized for home-based treatments for diseases including rheumatoid arthritis, anaphylaxis, diabetes, and multiple sclerosis. The global auto-injectors market is projected to advance at a considerable pace in the years to come, owing to the increasing awareness regarding the features of these devices.

The surging prevalence of anaphylaxis and swiftly increasing geriatric population around the world is also resulting in the rising demand for auto-injectors. The medical devices are particularly helpful for aged people, since they the need for frequently visiting the hospital is eliminated. This further results in reduced healthcare cost. The pharmaceutical industry is focusing widely on developing auto-injector systems rather than traditional devices for administering drugs. Since these devices can be used with ease at home care settings, their demand is projected to rise significantly in the years to come.

On the basis of product, the market is divided into fillable and prefilled auto-injectors. Between these two, the prefilled division accounted for the major share of the market in the past because of the wide availability of user-friendly pre-filled auto-injectors. These medical devices can further be disposed of easily. Among the major applications, the anaphylaxis category dominated the market in the past, followed by multiple sclerosis, owing to the surging prevalence of the disease around the world.

Hence, the demand for auto-injectors in growing due to the surging prevalence of diabetes and anaphylaxis across the globe.

Get More details Auto-Injectors Market Segmentation Analysis

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Created on Apr 6th 2022 02:38. Viewed 194 times.

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