Vancouver, BC -- (SBWire) -- 03/09/2021 --The global wearable injectors market size is expected to reach USD 15.66 Billion in 2028 at a CAGR of 11.2% over the forecast period, according to latest analysis by Emergen Research. Steady revenue growth of the market can be attributed to factors such as increasing prevalence of cardiovascular diseases and diabetes among the growing geriatric population in countries across the globe and need for more efficient drug administering devices and solutions that are easy to use and improve quality of life of patients. The fear of needles, painful injections, and risk of needle stick injuries are other major factors driving increasing demand for wearable injectors among new insulin users.
The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.
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Here are the questions we answer...
What are the future opportunities in store for the vendors operating in the Wearable Injectors market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Wearable Injectors market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Wearable Injectors market growth worldwide?
Market Segments
The global Wearable Injectors market has been categorized based on the product type, application, and region. Our expert analysts undertake a thorough assessment of all of the segments included in the report and analyze them based on their market share, revenue, market growth rate, and other vital factors. The segmentation allows the interested parties to determine sectors in the global Wearable Injectors market with high growth prospects and understand the growth strategies adopted by leading segments during the forecast period.
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Some Key Highlights in the Report
In August 2019, Genentech of Roche entered into collaboration with Enable Injections, which is a developer and designer of wearable investigation testing, for 'Combination Goods' infusion devices. The partnership was created for multiple programs based on the en-Fuse platform of Enable.
The spring-based segment accounted for largest revenue share in 2020 due to rising preference, driven by more ease of use as compared to conventional procedures.
The on-body wearable injectors segment revenue is expected to expand at a rapid CAGR during the forecast period. Demand for on-body wearable injectors is relatively high currently, and this segment is expected to account for a significantly robust revenue growth during the forecast period. On-body wearable injectors enable patients to self-administer treatments at home, which is more comfortable and cost-effective.
The immune-oncology segment accounted for largest revenue share among other application segments in the wearable injectors market in 2020, driven by increasing prevalence of cancer among the growing geriatric population and rising adoption of wearable injectors that are easy to use, more cost-effective, and less painful.
The home care setting segment accounted for the largest revenue share than other end-use segments in 2020 due to increasing research and development initiatives for production of more advanced and cost-effective self-injection systems for use in home care settings.
North America accounted for largest revenue share in the global wearable injectors market in 2020. Robust presence of major players such as Amgen, Insulet Corporation, Becton, Dickinson And Company, Enable Injections, and United Therapeutics Corporation is projected to continue to boost growth of the North America wearable injectors going ahead.
Key players in the market include Medtronic, Amgen, Ypsomed, Insulet Corporation, West Pharmaceutical Services, Becton, Dickinson And Company, Enable Injections, United Therapeutics Corporation, F. Hoffmann-La Roche AG, and Johnson & Johnson.
Technology Outlook (Revenue, USD Billion; 2021–2028)
Motor-driven
Expanding Battery
Spring-based
Rotary Pump
Others
Type Outlook (Revenue, USD Billion; 2021–2028)
Off-body
On-body
Application Outlook (Revenue, USD Billion; 2021–2028)
Cardiovascular Disease
Diabetes
Immuno-Oncology
Infectious Diseases
Others
End-use Outlook (Revenue, USD Billion; 2021–2028)
Clinics
Hospitals
Home Care Settings
Others
Regional Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Wearable Injectors Market Segmentation & Impact Analysis
Chapter 5. Wearable Injectors Market By Technology Insights & Trends, Revenue (USD Billion) (Million MT)
Chapter 6. Wearable Injectors Market By End-Use Verticals Insights & Trends Revenue (USD Billion) (Million MT)
Chapter 7. Wearable Injectors Market Regional Outlook
Continued…
Wearable Injectors Market High Demand, Recent Trends, Future Growth, Business Scenario, Product, Technology, Share and Forecasts 2020 – 2027
The study methodologies used to examine the Wearable Injectors market for the forecast period, 2020 - 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.