Global Autoinjectors Market 2019-2023
An autoinjector is a medical device that delivers a fixed dose of a drug using a spring-loaded syringe.
Technavio’s analysts forecast the global autoinjectors market to grow at a CAGR of 23.50% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global autoinjectors market for 2019-2023. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Autoinjectors Market 2019-2023
Technavio recognizes the following companies as the key players in the global autoinjectors market: Amgen, Bayer, BD, Eli Lilly, and Novartis.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of injectable therapies. Injectable therapies account for a significant share of the global drug market. Factors boosting the growth of the market are high-value biologics, such as monoclonal antibodies and peptides, which require injection due to their size and sensitivity Injection-based drug delivery targets areas such as immuno-oncology, diabetes, and auto-immune diseases.”
According to the report, one driver in the market is increasing prevalence of allergies and need for immediate care. Globally, the prevalence of allergies to food items, pollens, food additives, latex, and dust and the risk of contracting anaphylaxis caused by these factors are increasing. According to CDC, allergies are the sixth leading cause of chronic illness in the US with an annual expenditure of more than S18 billion.
Further, the report states that one challenge in the market is side-effects of autoinjectors. The use of autoinjectors cause several side-effects, such as infection, hypertension, hypotension, myalgia, headache, and diarrhea Patients with chemotherapy-induced anemia exhibit fatigue, edema, nausea, vomiting, fever, and increased occurrence of hypertension.
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