The global auto-injectors market is expected to grow rapidly globally, reaching a projected value of US$67,200.1 million by 2033. Strong 8.2% compound annual growth rate (CAGR) from its 2023 value accounts for this considerable gain.
Self-administered medical devices called auto-injectors are designed to deliver a single dose of a certain drug. Typically, long-term conditions like allergies, autoimmune diseases, and severe allergic reactions are treated using these devices. Because these are quick, easy to use, and convenient, they are very valuable tools for people who require injectable drugs.
Medical devices called auto-injectors deliver a precise dosage of a medication. To some extent, these devices help to lessen the need for medical experts. These state-of-the-art medical tools lessen both the usual needle anxiety that many patients have and injuries associated to needles. These qualities, together with increased comfort, convenience of use, and accuracy, make auto injectors significantly more popular than conventional drug administration techniques. Furthermore, auto injectors provide a complete and painless method of drug administration. Another element driving the auto injector market’s remarkable growth rate over the anticipated term is convenience.
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The industry has grown as a result of both the trend toward home-based healthcare and the patient-centric care movement. By enabling self-administration of medication, auto-injectors assist patients in improving adherence to treatment and minimizing hospital visits.
Auto-injectors come in a variety of models to meet various therapeutic needs and drug requirements. In order to provide patients with a multitude of options to meet their specific needs, manufacturers are continuously coming up with new ideas to improve device design, safety features, and customization possibilities.
“The growing adoption of auto-injectors among healthcare experts is opening up intriguing possibilities for their application in diverse medical scenarios.”- says an FMI analyst
The development of connected and smart auto-injectors is a major trend in the automotive industry. These gadgets improve treatment monitoring and patient engagement by sending usage data and patient information to healthcare providers. Furthermore, home-use auto-injectors are becoming more and more common, enabling patients to effortlessly administer their own prescriptions. Pharmaceutical companies and auto-injector manufacturers are working together to create co-branded devices for certain treatments, which guarantees precise and user-friendly drug administration.
Key Takeaways from the Auto-Injectors Market:
- Prefilled auto-injectors dominate the market, commanding an impressive share of 86.30% in 2023.
- The anaphylaxis indication Segment exhibits remarkable strength, capturing an overwhelming share of 88.7% in 2023.
- The United States auto-injectors market boasts a substantial share of 29.10% in 2023.
- Germany established a notable market share of 8.80% in 2023.
- Japan claims a respectable market share of 1.60% in 2023.
- Australia secures a significant market share of 5.60% in 2023.
- China showcases its market prowess with a substantial share of 8.00% in 2023.
- India also feels its impact with a substantial market share of 8.30% in 2023.
Key Players in the Auto-Injectors Market Striving for Better Revenue Prospects
The auto-injectors industry boasts a highly competitive landscape with several prominent players vying for market share. Some notable participants include Becton, Dickinson, Company, Sanofi, Pfizer, Inc., Mylan N.V., and Novartis AG. These companies have established their dominance through innovative product offerings and strategic partnerships. Moreover, their extensive global presence enables them to cater to a wide range of therapeutic areas and patient populations.
Another key trend in the competitive landscape is the formation of strategic collaborations between pharmaceutical companies and auto-injector manufacturers. This collaboration results in co-branded devices for specific medications, ensuring precise and user-friendly drug delivery.
This approach has created a win-win situation, with pharmaceutical companies gaining a competitive edge by offering differentiated delivery solutions and auto-injector manufacturers benefiting from increased product demand. As the industry continues to evolve, these partnerships are expected to shape the competitive landscape further, driving innovation and expanding market reach.
Recent Developments in the Market:
- Stevanato Group Signed an Exclusive Agreement for Aidaptus Auto-Injector: In May 2022, Stevanato Group signed an exclusive agreement with Owen Mumford Ltd. for its Aidaptus auto-injector. The Aidaptus auto-injector is designed for the self-administration of injectable drugs.
- Antares Pharma Signed an Agreement for XYOSTED in the UAE and Saudi Arabia: In May 2023, Antares Pharma signed an agreement with Lunatus Global Medical Supplies for the distribution of XYOSTED, an autoinjector for the treatment of growth hormone deficiency, in the UAE and Saudi Arabia.
- SHL Medical Acquires Weibel CDS: In May 2023, SHL Medical acquired Weibel CDS, a Swiss company that develops and manufactures autoinjectors. The acquisition may strengthen SHL Medical’s position in the autoinjector market.
- Eli Lilly Invests in New Manufacturing Facility for Autoinjectors: In May 2023, Eli Lilly announced an investment of US$ 470 million in a new manufacturing facility for autoinjectors in Durham, North Carolina. The new facility is expected to be operational in 2025.
- Ypsomed Launched a New Autoinjector Platform for Liquid Pharmaceuticals: In October 2022, Ypsomed launched a new autoinjector platform for liquid pharmaceuticals with capacities between 1.5 mL and 5.5 mL. The new platform is designed to be easier and more comfortable for patients.
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Key Companies in the Market:
- Becton, Dickinson, and Company
- Sanofi
- Pfizer, Inc
- Mylan N.V.
- Novartis AG
- Bayer AG
- Janssen Global Services, LLC
- Antares Pharma, Inc.
- Amgen Inc
- Eli Lilly and Company
- Teva Pharmaceutical
- Merck KgaA
- GlaxoSmithKline plc
- Ypsomed
- SHL Medical
- Gerresheimer AG
- Midas Pharma GmbH
- Aptar Pharma
- Solteam Medical
- Stevanato Group
- E3D
- West Pharmaceutical Services, Inc
Key Segments:
By Product:
- Prefilled Auto-Injectors
- Fillable Auto-Injectors
By Indication:
- Anaphylaxis
- Multiple Sclerosis
- Rheumatoid Arthritis
- Others
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Drug Stores
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
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