Wearable Injectors Market - Industry Value Forecast, Dynamics, growth, potential, segments, market share, Size, online PDF Report, Free Sample Copy, Future projection, Analysis, supply and demand, trends, opportunities, Product types, Regions, current market, worth, overview, Competition Landscape and Dashboard.
Albany, NY -- (SBWIRE) -- 01/12/2018 -- Wearable injectors are smart drug delivery devices that can be worn on the body which can be programmed to deliver large amounts of viscous and sensitive drug products over a period of time. It is different from the insulin pumps as it can b. After the use of the device the patient peels of the device and throws it away. Patients do not require to undergo the training about the use of wearable injectors as it preset by the medical devices companies to deliver particular amount of drug. Biologics are difficult to administer via traditional subcutaneous injections as they are very viscous in nature. The wearable injector device can generally deliver 2-10mL of the drug solution. Wearable injectors are painless in nature and can deliver very high amount of drug up to 50mL. The wearable injector contains the osmotic actuator, a reservoir which contains the therapeutic agent and trigger button to start injection.
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There has been substantial increase in the number of approvals of the biologics over the last few years. Each year new biologics and biosimilars hit the market. The injectable market is also growing significantly and anticipated to be a major driving factor for the wearable injectors market.
The wearable injectors provide additional benefits to the patients which includes comfort, confidence, self-administration and also painless and precise drug delivery.
The global wearable injector market is anticipated to register a significant growth over the forecast period. The maximum injectable dose for the auto injectors is about 1-2ml because the drug administered above 2ml may revert back and cause pain. The wearable injector is an alternative to conventional injections and auto injectors and anticipated to boost the demand for wearable injector and drive the growth of the global market over the long run.
There has been a considerable increase in the number of biologics approval in the past few years as the chemical synthesis pipeline is getting diminished which also propel the adoption of wearable injectors to deliver the biologics by the subcutaneous route and expected to drive the global wearable injector market. The technological innovation and advancements in the wearable injectors such as customization as per the end user need and self-administration, is also anticipated to drive the growth of the global wearable injectors market.
However, the stringent rules and regulations by the regulatory authority such as U.S. FDA and European commission may restrain the growth for the wearable injectors market over forecast period.
The wearable injectors market is segmented based on the modality, therapeutic are application, usability and end user. Based on type, the wearable injectors market is segmented into hand held, on body (patches) and off body. The rising approvals for the biologics in the past few years is anticipated to be the main area of focus for therapeutics as a biologics. Thus the use of wearable injector is expected to boom in the coming years.
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Region wise, the global wearable injectors market is classified into regions such as North America, Latin America, Europe, Asia-Pacific including Japan (APAC), Middle East and Africa (MEA). North America is estimated to account for leading share to the global wearable injectors market due to the increasing adoption of wearable injectors over traditional injectors. The Europe is also contribute the significant shares to the global wearable injectors market followed by North America. The APEJ has become a lucrative market for wearable injectors as the due to the cost benefit of the wearable injectors as an economical alternative to the pre-existing treatments. The MEA is at nascent stage to the global wearable injectors market and projected to grow at a moderate rate over forecast period.
Some of the key players in global wearable injectors market are Amdex Corporation, Unilife Corporation, Enable injections, BD pharmaceutical systems, ypsomed, West Pharmaceutical Services Inc., Cane s.p.a, and others.