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Global Automated Autoinjectors Market Research Report 2024(Status and Outlook)

Global Automated Autoinjectors Market Research Report 2024(Status and Outlook)

  • Published on : 14 November 2024
  • Pages :127
  • Report Code:SMR-8014011

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Report overview

The "Global Automated Autoinjectors Market" size was valued at US$ 1.78 Billion in 2024 and is projected to reach US$ 2.67 Billion by 2030, at a CAGR of 7.0% during the forecast period 2024-2030.

Growing demand for self-administered medication delivery systems, especially in the treatment of chronic illnesses including diabetes, multiple sclerosis, and rheumatoid arthritis, is propelling the global market for automated autoinjectors. Automated autoinjectors have become more popular because they provide patients with a dependable, easy, and frequently painless way to administer medications. The need for these devices is being further fueled by the growing variety of biologics that require accurate and consistent administration due to advancements in biotechnology and pharmaceuticals. An aging global population, rising healthcare expenses, and a move toward home-based care are further factors driving market expansion.

With an emphasis on enhancing the technology, size, and design of autoinjectors, major industry participants are investing in research and development to improve patient safety, device functionality, and convenience of use. The market is expanding as a result of regulatory agencies providing encouraging guidelines for the creation and authorization of these devices. However, in certain areas, obstacles including exorbitant development costs, problems with reimbursement, and the requirement for strict regulatory compliance may restrict market growth.

Disposable auto injector to hold the highest market share: By Type

Disposable autoinjectors dominate the global market for a number of reasons that satisfy healthcare providers' preferences as well as patient safety and convenience. Because disposable autoinjectors are usually single-use, pre-filled devices, there is less chance of dose errors and no need for manual medicine loading. For biologics, which frequently need precise dosage and are susceptible to contamination, this aspect is extremely important. Disposable autoinjectors are easier for patients to use, especially those with chronic diseases like multiple sclerosis, diabetes, or rheumatoid arthritis, especially when dexterity may be a problem.

The increasing popularity of at-home self-administration has increased the attractiveness of disposable autoinjectors. They are easy to use and made to dispense medication in a few simple steps; frequently, all that is needed to activate them is a push button or trigger. This ease of use improves patient compliance with prescription regimens and lessens reliance on medical facilities for injections, which lowers total healthcare expenses. Pharmaceutical businesses seeking to improve patient compliance can also benefit from the pre-filled nature of disposable autoinjectors, which offer a ready-to-use option that guarantees dosage precision and medication stability.

Homecare Settings to hold the highest market share: By Application

Home care settings have the largest market share by application in the global market for automated autoinjectors. This trend is mostly caused by a growing desire for self-administration of pharmaceuticals, particularly for chronic illnesses like diabetes, multiple sclerosis, and rheumatoid arthritis that necessitate frequent injections. The user-friendly design of autoinjectors allows patients to safely and accurately take drugs without direct medical supervision, which is consistent with the growing trend toward patient-centered, home-based treatment.

Healthcare cost-cutting measures also contribute to the expansion of the home care market since they reduce the frequency of hospital and clinic visits, which lowers overall healthcare costs. The need for autoinjectors made especially for home use has increased as insurance companies and healthcare providers support self-administration more and more. Further supporting the allure of using home care is the fact that technological developments in autoinjector design, such as pre-filled, single-use devices and features like dose tracking, improve patient safety and usability.

➣ Regional Analysis

Due to its strong patient awareness, well-established pharmaceutical industry, and high adoption of cutting-edge healthcare technology, North America holds the greatest share of the global market for automated autoinjectors. Demand for autoinjectors is fueled by the high incidence of chronic illnesses like diabetes and multiple sclerosis in the United States as well as a healthcare system that prioritizes patient convenience and self-care options. In 2021, 38.4 million Americans, or 11.6% of the population, had diabetes. 1.2 million Americans are diagnosed with diabetes every year.1.2 million Americans are diagnosed with diabetes every year. Similar healthcare dynamics, supporting legislative frameworks, and growing older populations that need regular medicine administration are driving growth in Europe, which includes nations like Germany, France, and the United Kingdom.

The Asia-Pacific region is growing quickly due to factors like rising healthcare costs, an increase in the prevalence of chronic diseases, and increased patient access to medical technology. As more people become aware of and adopt self-injection devices, nations like China, Japan, and India are anticipated to play a major role in the market's expansion. Autoinjector usage is also being encouraged in these growing markets by advancements in healthcare infrastructure and increased access to healthcare. Despite having a smaller market share, Latin America and the Middle East and Africa are also gradually adopting because of increased healthcare spending and more awareness, especially in metropolitan areas. Thus, strong growth in developed nations and encouraging expansion prospects in emerging markets define the worldwide market.

➣ Competitive Analysis

  • Unilife
  • Becton, Dickinson & Co
  • Biogen Idec
  • Pfizer
  • Mylan
  • Sanofi
  • Owen Mumford
  • Teva Pharmaceutical
  • Amgen
  • Ypsomed
  • AbbVie
  • Scandinavian Health
  • Other Key Players

➣ Recent Development:

2022, The Qfinity autoinjector platform, a straightforward, reusable, and modular solution for subcutaneous (SC) drug self-administration, was introduced by Jabil Healthcare, a branch of Jabil Inc., at a lower cost than competing products.

In 2022, With regard to its Aidaptus auto-injector, Stevanato Group S.p.A. signed an exclusive contract with Owen Mumford Ltd., one of the top manufacturers and innovators of medical devices.

➣ End-Use Industry Analysis:

The market for automated autoinjectors caters to a number of important end-use sectors, each with its own demands and expansion prospects. Demand is mostly driven by the biotechnology and pharmaceutical sectors, particularly for the treatment of chronic illnesses like multiple sclerosis, rheumatoid arthritis, and diabetes. Autoinjectors are crucial for improving patient compliance and convenience since these conditions require frequent, accurate dosing.

Both hospital and home healthcare settings are important end consumers in the healthcare industry. Autoinjectors are used in hospitals for controlled drug administration, and the home healthcare market has expanded quickly as a result of autoinjectors' ability to facilitate self-administration, which lowers hospital visits and gives patients the ability to take care of their diseases on their own. In 2022 North America accounted for 52.3% of world pharmaceutical sales compared with 22.4% for Europe

Autoinjectors are also used in the emergency medicine sector, particularly for epinephrine in allergic responses when precise and timely dosage is essential. The need for autoinjectors in these industries is anticipated to be fuelled by the growing acceptance of these devices across therapeutic areas, as well as improvements in device technology and patient-friendly designs.

According to the International Diabetes Federation, in 2021, 537 million adults (20-79 years) were living with diabetes - 1 in 10. This number is predicted to rise to 643 million by 2030 and 783 million by 2045. Worldwide, an estimated 19.3 million new cancer cases (18.1 million excluding nonmelanoma skin cancer) and almost 10.0 million cancer deaths (9.9 million excluding nonmelanoma skin cancer) occurred in 2020. Female breast cancer has surpassed lung cancer as the most commonly diagnosed cancer, with an estimated 2.3 million new cases (11.7%), followed by lung (11.4%), colorectal (10.0 %), prostate (7.3%), and stomach (5.6%) cancers. Lung cancer remained the leading cause of cancer death, with an estimated 1.8 million deaths (18%), followed by colorectal (9.4%), liver (8.3%), stomach (7.7%), and female breast (6.9%) cancers.

➣ Industry Dynamics

➣ Industry Driver

Growing Prevalence of Chronic Dieses

The market for automated autoinjectors is expanding significantly, mostly due to the increase in chronic illness. The need for efficient, dependable, and self-administered treatment solutions is growing as diseases like diabetes, rheumatoid arthritis, and multiple sclerosis proliferate around the world. Because autoinjectors allow for frequent, regular dosing without the need for medical supervision, they are very helpful for people managing these illnesses. Because fewer clinical visits are needed for medication administration, this not only gives individuals more control over their health but also lessens the strain on healthcare systems. Chronic disease is a complex, growing health problem. According to the World Health Organization (WHO), 71% of global deaths in 2016 were due to noncommunicable diseases like heart disease, diabetes, chronic lung disease and cancer

For example, diabetes necessitates frequent insulin injections, which can be difficult for patients, especially those who are elderly or have poor motor skills. This procedure is made simpler by automated autoinjectors, which provide a simple, intuitive design that helps patients follow their treatment plans. Similarly, patients with rheumatoid arthritis frequently have severe joint pain and stiffness, which makes conventional syringe injections challenging. This issue is resolved by autoinjectors, which offer a more convenient and comfortable means of self-administering biologic drugs that reduce inflammation and delay the course of disease. Autoinjectors offer a useful way for people with multiple sclerosis, who may suffer from fatigue and muscle weakness, to independently manage complicated medication regimens.

➣ Industry Trend

Shift toward Self-Care and Home-Based Treatments

The move toward self-care and home-based therapies is a significant trend in the market for automated autoinjectors, reflecting broader shifts in healthcare that prioritize patient-centered and decentralized care. Giving patients the resources and independence they need to take care of their medical issues from the comfort of their own homes is becoming increasingly important, and this trend reflects that. The key to this trend is automated autoinjectors, which make it possible for patients to safely and accurately give prescriptions without the presence of medical experts. This improves convenience and lowers the number of hospital or clinic visits.

This change offers two advantages. First, it allows patients with long-term illnesses, such diabetes, rheumatoid arthritis, and other neurological or autoimmune disorders, to continue being in charge of their own treatment regimens. By lessening the mental and physical burden of frequent professional visits, this empowerment can enhance patients' compliance with treatment plans and general quality of life. Second, healthcare systems can save money on in-clinic medication administration and free up resources for patients who need more complex care by moving therapy to the patient's home.

➣ Industry Restraint

High Cost of Autoinjectors:

The market expansion of automated autoinjectors is still significantly hampered by their expensive cost, especially for sophisticated and intelligent systems that provide extra functions like connection or automated dosage modifications. Many patients find the cost of these high-end gadgets to be exorbitant, particularly in developing nations where access to healthcare and personal spending power may be constrained. As a result, traditional administration techniques like syringes—which are typically less expensive but need more precision and might be more difficult to use independently—are more likely to be chosen by patients and healthcare professionals in these areas.

Healthcare systems in industrialized nations are particularly impacted by this cost barrier, as widespread adoption may be challenging due to financial limitations and the significant expenses associated with managing chronic illnesses. For instance, the extra cost of autoinjectors may restrict reimbursement choices in insurance-based or public healthcare systems, which may discourage patients and providers from selecting them over more conventional approaches. Furthermore, manufacturing costs rise as autoinjectors get more advanced technologically with features like real-time monitoring and Bluetooth connectivity, which could affect market prices and accessibility.

➣ Report Scope

The report includes Global & Regional market status and outlook for 2017-2028. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types, applications, Sales Channel. The report also covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin 2017-2028 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Attributes

Details

Segments

By Type

  • Reusable Autoinjector
  • Disposable Autoinjector

By Application

  • Anaphylaxis
  • Rheumatoid Arthritis
  • Diabetes
  • Multiple Sclerosis
  • Cardiovascular Diseases
  • Hormone Therapy
  • Pain Management
  • Other Applications

Region Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South Africa

Key Market Players

  • Anaphylaxis
  • Rheumatoid Arthritis
  • Diabetes
  • Multiple Sclerosis
  • Cardiovascular Diseases
  • Hormone Therapy
  • Pain Management
  • Other Applications
  • Other Key Players

Report Coverage

  • Industry Trends   
    • SWOT Analysis
    • PESTEL Analysis
    • Porter’s Five Forces Analysis
  • Market Competition by Manufacturers
  • Production by Region
  • Consumption by Region
  • Key Companies Profiled
  • Marketing Channel, Distributors and Customers
  • Market Dynamics
  • Production and Supply Forecast
  • Consumption and Demand Forecast
  • Research Findings and Conclusion