Auto Injectors Market Growing at a CAGR of 13.6% over the forecast period
Posted by Shristi on September 30th, 2019
Global Auto Injectors Market was Valued at US$ 824.2 Mn in 2018, Owing to Increasing Prevalence of Anaphylaxis Attack in the Adult Population
“The Global Auto Injectors Market was valued at US$ 824.2 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to rising prevalence and incidences of anaphylaxis and rheumatoid arthritis”
Precision Business Insights (PBI) in its report titled “Global Auto Injectors Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global auto injectors market was valued at US$ 824.2 Mn in 2018 and growing at a CAGR of 13.6% over the forecast period owing to increasing prevalence of rheumatoid arthritis and the increasing food allergies are expected to support the growth of the market. Moreover, increasing focus on research activities by the market players and technological advancements in medical sector fuels the growth of the market. However, high cost of auto-injectors are anticipated to restrain the growth of the market over the forecast years.
Global auto injectors market segmented on the basis of product type, application, and end user.
Avail Sample Report of the Market @ https://www.precisionbusinessinsights.com/request-sample?product_id=15538
Prefilled Auto-injectors segment accounted for higher revenue share
Based on product type, global auto injectors market segmented into Disposable Auto-injectors and Reusable Auto-injectors. Reusable auto-injectors segment market accounted US$ XX Mn in 2018 and projected to dominate over the forecast period due to its easy use nature and growing awareness among the patients regarding the benefits of the products. The disposable auto-injectors are also expected to show significant growth over the forecast years.
North America is expected to grow at Highest CAGR in Global Auto Injectors Market
PBI’s global auto-injectors market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to the focus on research and development activities by the market players and launch of new and innovative products the market coupled with favorable government reimbursement policies drives the growth of the market. Asia Pacific is expected to register strong growth rate over the forecast years owing to increasing awareness among the patients about the advanced treatments.
Strategic collaborations and acquisitions among the market players to strengthen their position in the market
Global auto-injectors market further reveals that strategic collaborations and acquisitions to enhance market revenue share and gaining significant geographic presence across the region. For instance, in September 2016, Aptar Pharma formed an agreement with Becton, Dickinson & Co. to develop auto-injectors devices to be used safely and conveniently by patients. The two-step auto-injectors will be exclusively sold by Becton, Dickinson & Co. In December 2016, SMC Ltd. acquired Oval Medical Technologies Ltd., developing next generation auto-injectors to enhance its product portfolio and to expand drug delivery capabilities.
Key player’s profiles in the report are Eli Lilly, Novartis International AG, Antares Pharma, Inc., Pfizer, Inc., Becton, Dickinson and Company, Unilife Corporation, and Mylan, Inc.
For More Information @ https://www.precisionbusinessinsights.com/market-reports/global-auto-injectors-market/
By Product Type
By End User
Middle East and Africa (MEA)
Like it? Share it!
About the AuthorShristi
Joined: September 17th, 2019
Articles Posted: 60
More by this author