Growth Factors for Auto Injectors Market
by Renub Research Renub Research is a Market Research and ConsultingAuto injector is a
medical device intended to deliver fixed doses of certain drugs. As to its
name, auto injector automatically inserts the needle and performs the
injection. Auto injectors have two types of design fillable or prefilled
syringes. In the context of usability, auto injectors are available in
disposable and re-usable form. Auto injectors are user friendly and are
designed for self administration by any common people or patients. The market
for auto injectors continues to grow significantly for the handy injection of a
range of biotech products and anti-coagulants. Further, due to its handy
nature, auto injectors are appreciated by a number of patients, who need a self
injection. Global Auto injectors Market is expected to cross USD 5 Billion by the year 2024.
Auto injectors have been
in the market since 1990, however their usage were limited. During early days
auto injectors were intended only to use in the emergency conditions such as
epinephrine for treating anaphylactic shock (EpiPen). The first prefilled auto
injector was introduced by Glaxo for treating migraine (Imigran/Imitrex) in the
1990s. The most common form of auto injectors available are pen injectors,
because of its catridge system, which can be use for multiple doses.
Today, a major portion
of global injectable drug delivery market growth is projected due to the
extensive rise in the self administration of drug therapies, pushing the
production of auto injectors such as EpiPen. The increase of self
administration practice began at the behest of health insurance companies,
which meant to reduce the expense and the number of physician office visits by
facilitating patients to inject themselves with treatments for chronic health
conditions like diabetes.
Design
The needle tip of the
auto injectors are kept protected prior to injection and have a passive safety
lock to prevent accidental firing (injection). In addition, auto injectors also
have an adjustable neddle function. Today, with pressing a button on auto
injectors, the syringe needle gets automatically inserted in the patient’s body
and the drug is delivered. Also, auto injectors come with a visual sign to
confirm whether the dosage of drug has been administered correctly or not. With
increasing advancement in technology, today the auto injectors are available in
the size of a smartphone and can be put into a pocket. This smartphone
design auto injectors have automated voice instructions and retractable needle
to assist their users on how to use the auto injectors properly. For example:
‘Auvi-Q’ epinephrine auto injector comes with this design.
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Report
Usage
One of the big
advantages of auto injectors are it is more important for the people with
allergies. One can’t predict allergic reactions as it can be mild one time and
serious the next. Also, an allergic attack can quickly become intense and may
lead to anaphylaxis a severe life threatening reactions. An auto injector with
a dose of epinephrine can treat anaphylaxis amazingly.
Auto injectors market is
expected to grow considerably over the forecast period because of its
self-administration features, which not only reduces the number of physician
visits but also minimizes the drug delivery cost and time. Also, the growing
incidence of anaphylaxis across the globe and notable reimbursement policy of
government and health insurance companies help Auto Injectors market to grow
remarkably over the forecast period (2018-2024).
Market
Summary
On the basis of
application, Anaphylaxis has the highest market share in global auto injectors
market. Multiple Sclerosis and Rheumatoid Arthritis are other segments covered
in the report.
- Based on product design types, Prefilled and Fillable two
types of auto injectors are available in the market. Prefilled auto
injector retains the majority share in this market place.
- On the basis of Product Usability, Reusable and Disposable
two types of auto injectors are available in the market. Disposable auto
injector controls this market.
- Based on distribution channel, report covers the auto
injector market of Online Pharmacies and Retail Pharmacies. Online
Pharmacy will drive the market in future.
- Region-wise, North America has highest market share due to
increasing prevalence of anaphylaxis. Other regions covered in the report
are Asia Pacific, Middle East & Africa and Europe.
- The competitive landscape of auto injectors market has also
been studied with some of the key companies being Amgen Inc, Antares
Pharma, Bayer AG, Mylan N.V and Novartis AG.
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Created on Feb 6th 2019 00:36. Viewed 480 times.