New York, NY -- (SBWire) -- 02/12/2019 --The prominent players in the global wearable injectors market are Medtronic, Insulet Corporation, Tandem Diabetes Care, Amgen, Ypsomed, Becton Dickinson and Company, Enable Injections, Debiotech, Inc., Cellnovo, and Valeritas among others.
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Market Industry Reports (MIR) has published a new report titled "Wearable Injectors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global wearable injectors market is estimated to be over US$ 4.5 Bn in 2017. It is anticipated to grow at a double digit CAGR from 2019 to 2030.
Increasing adoption of wearable injectors can be attributed to rising awareness, disposable incomes, and implementation of advanced drug delivery technologies. Moreover, rising prevalence of chronic disorders is anticipated to contribute substantially to the growth of the global wearable injectors market between 2019 and 2030.Educational establishments, namely Wyss Institute, have initiated partnership with KeepSmilin4Abbie Foundation, to develop wearable devices for both swift detection of anaphylaxis and automated treatment of the same by means of epinephrine delivery.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Wearable Injectors Market by Type (Off-Body, On-Body, Accessories), Application (Diabetes, Oncology, Cardiovascular) End Users (Clinics, Home Care Setting, Hospitals) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents: https://www.marketindustryreports.com/13/wearable-injectors-market
Increasing incidences of Chronic Disorders
The wide variation in regards to the prevalence of diverse forms of chronic disorders has rose significantly in recent times. It is estimated that the burden of chronic diseases in America is approximately 133 million, i.e. 45% Americans suffer from one or the other forms of chronic disease. According to the World Health Organization (WHO), chronic diseases are responsible for majority of deaths across the world. It has been approximated that the total number of deaths worldwide, resulting from cardiovascular diseases is a staggering 17.8 million annually. However, preventable nature of such diseases makes the treatment of such condition manageable with early detection and consistent treatment therapies. Increasing burden of chronic disorders on a global scale is anticipated to be a major driver for the global wearable injectors market, which is further anticipated to grow in the coming years.
Adoption of Biologics & Latest Technology
Drug delivery systems with capability to deliver drugs of high viscosity and varying dosage have gained immense popularity with the introduction of biologics. Increasing application and popularity of biologics is anticipated to contribute positively to the growth of the wearable injector market. Similarly, inclusion of latest technologies such as data connectivity, digitalization in healthcare systems, advanced feedback mechanism have been highly beneficial in bringing down human error and simultaneously increasing the overall efficiency of the drug delivery process. Introduction of innovative technologies and simultaneous application of these in drug delivery systems is expected to present an attractive growth prospect for the market in the times to come.
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Region wise performance of the Wearable Injectors industry
This report studies the global Wearable Injectors market status and forecast, categorizes the global Wearable Injectors market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
The Research Provides Answers to the Following Key Questions:
- What is the size of occupied by the prominent leaders for the forecast period, 2019 to 2030? What will be the share and the growth rate of the Wearable Injectors Market during the forecast period?
- Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
- What are the major factors responsible for the growth of the Wearable Injectors market across the different regions?
- What are the challenges faced by the companies operating in the Wearable Injectors Market?
- What are the future prospects for the Wearable Injectors Market industry in the coming years?
- Which trends are likely to contribute to the development rate of the Wearable Injectors industry during the forecast period, 2019 to 2030?
- What are the future prospects of the Wearable Injectors industry for the forecast period, 2019 to 2030?
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Wearable Injectors Market Trends by 2030: Top Players Like Medtronic, Insulet Corporation, Amgen, Ypsomed, Enable Injections, Debiotech, Cellnovo
The presence of alternative modes for delivery of drugs is one of the major factors affecting the growth of the wearable injectors market. Ease of use and cost effectiveness are few factors which have established syringes as the preferred mode for drug delivery.