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Auto-Injectors Market Trends & Competitive Landscape Outlook to 2023

Automotive

(Free Press Release) Auto-Injectors Market Report Provides Comprehensive Understanding of the Market with the Help of Informed Market Growth Opportunities, Major Competitors and Porter Analysis.

Auto-Injectors Market Trends & Competitive Landscape Outlook to 2023


      

Global auto-injectors market is likely to grow significantly during the forecast period, due to increasing prevalence of anaphylaxis, increasing cases with multiple sclerosis, rising geriatric population and high production of biologics.

Additionally, increasing healthcare spending and various beneficial features of auto-injectors also contribute to the growth of the overall market. However, high cost of auto-injectors and stringent regulatory requirements are some of the key factors restraining the growth of global auto-injectors market.

Geographically, North America has been the largest market for auto-injectors, with the U.S. being the larger contributor to the regional market, compared to Canada. Increasing cases with diabetes and anaphylaxis, rising geriatric population, and increasing production of biologics are some of the factors that have been driving the growth of the North American auto-injectors market.

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The U.K. has been the largest contributor to the European auto-injectors market, followed by Germany and France. The auto-injectors market is expected to witness the fastest growth in Asia-Pacific during 2017 - 2023, owing to increasing cases of anaphylaxis, increasing awareness about needle-stick injuries, increasing healthcare expenditure, and growing geriatric population.

Globally, the pharmaceutical industry is observing a shift from administration of injections in clinician settings to home care setting. The medical device manufacturers are also shifting their focus towards the development of user friendly and patient compliant devices. The point-of-care medication administration is increasing due to improving medical services at the bed side. The auto-injectors have emerged as an impact of this change in the medical industry. Auto-injectors meet the demand of physicians and patients for easy and effective drug administration methods. They also help to reduce medication error and increase safety and convenience.

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Some of the key players operating in the global auto-injectors market include Mylan N.V., Antares Pharma Inc., Becton, Dickinson & Co., Eli Lilly and Company, Pfizer, Inc., Bayer AG, Novartis International AG, Bristol-Myer Squibb, Novartis AG, Amgen Inc. and Biogen Inc.

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Auto-Injectors Market Trends & Competitive Landscape Outlook to 2023

Source: Press Release

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