The global wearable injectors market size is expected to reach USD 18.3 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 17.2% from 2021 to 2028. Wearable injectors are drug administration devices designed to deliver drugs in large volumes subcutaneously. It is gaining popularity owing to its advantages such as reduced pain, ease of administration, and elimination of costly health facility visits.
Over
the last decade, patient interest in the self-administration of injectable drug
therapies has grown. The increasing prevalence of diabetes, chronic pain, and
auto-immune diseases, such as rheumatoid arthritis, is increasing the use of
wearable injectors. Their demand is increasing for the long-term management of
asthma, chronic obstructive pulmonary disease (COPD), high cholesterol, and
cancer. This is expected to create a lucrative opportunity for advanced device
manufacturers to make wearable devices used to administer larger dose
volumes at the comfort of home.
The
recent COVID-19 pandemic has brought remote care technologies, such as wearable
injectors, into the spotlight. Demand for chronic disease products remains
largely unaffected by the pandemic. Since wearable injectors serve with the
option of delivering medications at home, its demand has also remained stable
or rather grown for the short term. Patients suffering from chronic diseases
are opting for these devices as it reduces the risk of exposure to COVID-19 by
eliminating hospital visits. The pandemic has, however, affected some of the
devices in the pipeline, affecting short-term investments. Leading players who
continue to invest in innovation push projects forward despite COVID-19 are
expected to put their companies in a stronger competitive position post-crisis.
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Wearable Injectors
Market Report Highlights
- By type, the
on-body segment led the market in 2020 owing to its advantage to be worn
on the skin
- The
spring-based technology segment held the largest share of 36.3% in 2020
due to a rise in demand for adhesive patches for the treatment of chronic
conditions, such as cancer and diabetes
- The home care
end-use segment led the market in 2020. This can be attributed to a rise
in preference for self-administration, especially during the COVID-19
pandemic
- North America
dominated the market with a share of 41.5% in 2020 owing to the rising
prevalence of chronic diseases
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Wearable Injectors
Market Segmentation
Grand View Research has
segmented the global wearable injectors market based on type, technology,
application, end-use, and region:
Wearable Injectors
Type Outlook (Revenue, USD Million, 2016 - 2028)
- On-body
- Off-body
Wearable
Injectors Technology Outlook (Revenue, USD Million, 2016 - 2028)
- Spring-based
- Motor-driven
- Rotary Pump
- Expanding Battery
- Others
Wearable
Injectors Application Outlook (Revenue, USD Million, 2016 - 2028)
- Oncology
- Infectious Diseases
- Cardiovascular Diseases
- Autoimmune Diseases
- Others
Wearable
Injectors End-use Outlook (Revenue, USD Million, 2016 - 2028)
- Hospitals
- Clinics
- Home Care
- Others
Wearable Injectors
Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
List of Key
Players of Wearable Injectors Market
- Becton, Dickinson and Company
- Johnson & Johnson Services, Inc.
- F. Hoffmann-La Roche Ltd.
- Unilife Corporation
- SteadyMed Therapeutics, Inc.
- Amgen, Inc.
- Insulet Corporation
- Enable Injections
- West Pharmaceutical Services, Inc.
- CeQur SA
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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