Wearable Injectors Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030. 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.
New York, NY -- (SBWIRE) -- 06/14/2019 -- Increasing adoption of wearable injectors can be attributed to rising awareness, disposable incomes, and implementation of advanced drug delivery technologies. Moreover, the 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 a partnership with KeepSmilin4Abbie Foundation, to develop wearable devices for both swift detections of anaphylaxis and automated treatment of the same by means of epinephrine delivery.
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Major Players in the Wearable Injectors Market
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.
Adoption of Biologics & Latest Technology
Drug delivery systems with the 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, the inclusion
of latest technologies such as data connectivity, digitalization in healthcare systems, advanced feedback mechanism has been highly beneficial in bringing down the 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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Presence of Alternate Drug Delivery Modes to Restrain the Market
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.
Some Key Points for TOC
1. GLOBAL WEARABLE INJECTORS MARKET - ANALYSIS & FORECAST, BY TYPE
1.1. Introduction & Definition
1.2. Off-Body Injectors
1.3. On- Body Injectors
1.4. Hand Held
2. GLOBAL WEARABLE INJECTORS MARKET - ANALYSIS & FORECAST, BY APPLICATION
2.1. Introduction & Definition
2.4. Cardiovascular Diseases
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Increasing incidences of Chronic Disorders
The wide variation in regards to the prevalence of diverse forms of chronic disorders has risen significantly in recent times. It is estimated that the burden of chronic diseases in America is approximately 133 million, i.e. 45% of Americans suffer from one or the other forms of chronic disease. According to the World Health Organization (WHO), chronic diseases are responsible for the 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, the preventable nature of such diseases makes the treatment of such condition manageable with early detection and consistent treatment therapies. The 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.
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