Wearable Injectors are drug delivery devices that are used in injecting small dose of drug into the body. The dosage size and time of dosage is regulated by the device and is also auto injected in the body according the metabolism of the body. Wearable devices monitor the body regulation and provide reports.
New York, NY -- (SBWIRE) -- 03/19/2019 -- The global wearable injectors market is segmented by type, application, end user and region. On the basis of type, the wearable injectors market is segmented off-body, on-body and accessories. The on-body wearable injectors market is estimated to account for the largest share of the market. The large share of the market can be attributed to rising demand for wearable devices. Based on application the market can be segmented into diabetes, oncology, cardiovascular disease and other application. Diabetes segment is expected to account for the largest share of the market. The growth of the segment can be attributed to factors such as growing number of diabetic patient globally and need for continuous glucose monitoring devices & insulin pump for diabetic patient are some of the factor driving the growth of the market.
The Study On Major Key Players in the 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.
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.
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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.
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.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, increasing burden of chronic diseases and increasing adoption of technologies is anticipated to present a lucrative growth scenario for the wearable injectors market in this region. Furthermore, improving healthcare facilities, coupled with supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.
Global Wearable Injectors Market - Analysis & Forecast, By Type
- Off-Body Injectors
- On- Body Injectors
- Hand Held
Global Wearable Injectors Market - Analysis & Forecast, By Application
- Cardiovascular Diseases
Global Wearable Injectors Market - Analysis & Forecast, By End Users
- Home Care Setting
- Other End Users
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Key points from TOC
11 COMPANY PROFILES
(Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
11.3 Insulet Corporation
11.5 Becton, Dickinson and Company
11.6 Tandem Diabetic Care Inc.
11.7 Valeritas, Inc.
11.8 Debiotech, Inc.
11.10 Enable Injections
This Wearable Injectors market report holds answers to some important questions like:
- 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?
- What are the future prospects for the Wearable Injectors industry in the coming years?
- Which trends are likely to contribute to the development rate of the 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?
- Which countries are expected to grow at the fastest rate?
- Which factors have attributed to an increased sale worldwide?
- What is the present status of competitive development?
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