Global Wearable Injectors
Market Report
2024
Global Wearable Injectors market size was USD 6.51 billion in 2022 and it is forecasted to reach USD 19.90 billion by 2030. Wearable Injectors Industry's Compound Annual Growth Rate will be 15.2% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Wearable Injectors market size was USD 6.51 billion in 2022 and it is forecasted to reach USD 19.90 billion by 2030. Wearable Injectors Industry's Compound Annual Growth Rate will be 15.2% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Wearable Injectors Market Sales Revenue 2020 | $ 4966.96 Million |
Global Wearable Injectors Market Sales Revenue 2030 | $ 17464.9 Million |
Global Wearable Injectors Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14.99% |
Market Split by Type |
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Market Split by End User |
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Market Split by Usage |
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Market Split by Technology |
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Market Split by Mechanism of Injection |
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Market Split by Therapeutic Area |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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The increasing incidences of chronic diseases, the rising geriatric population, and growing concern over needle stick injuries are the factors that drive the growth of the market. Wearable injectors are drug-delivery devices that adhere to the body and automatically deliver preset doses to patients at optimal times. Unlike insulin pumps, wearable injectors are single-use systems that are comfortably worn on the body while the drug is subcutaneously administered over a pre-programmed period spanning seconds or hours. Upon full injection of the dose, they are removed from the body and conveniently disposed of. The development of such devices has been promoted by the concept of patient-centricity and an increased focus on human factors in drug delivery design.
The increase in the prevalence of chronic diseases such as cardiovascular diseases & cancer, diabetes, and the growth in the use of biologics such as monoclonal antibodies for the treatment of diseases is the key factor that drives the growth of the global wearable injectors market. The treatment of chronic diseases such as diabetes and cardiovascular disorders includes a daily or weekly intake of injectables, which highlights the need for and adoption of convenient and efficient injection technologies.
According to the International Diabetes Federation, in 2019, around 463 million people are suffering from diabetes worldwide; this is expected to increase to 700 million by 2045. The increasing disease prevalence has prompted market players offering wearable injectors to focus on product launches, resulting in the introduction of products such as Amgen's Repatha Pushtronex system (using West Pharmaceutical's SmartDose Technology platform) and the Neulasta (pegfilgrastim) OnPro kit for the treatment of neutropenia in cancer. As disease prevalence increases in the coming years, the demand for effective and advanced treatment modalities such as wearable injectors will increase.
However, the high cost associated with wearable injectors is expected to restrain the growth of the wearable injectors market. Wearable injectors are used as an alternative to requiring the patient to be admitted to a medical facility for clinical support. To achieve wide adoption, technology platforms need to minimize incremental cost increases to pharmaceutical companies, and patients. Due to the higher cost of wearable injectors compared to oral medication or that delivered by an autoinjector, their adoption is lower among end users.
In the outbreak of covid 19, many patients have shifted their hospital care to home care, due to the strict lockdown across the countries which increases the demand for the wearable injectors market. Furthermore, the COVID-19 pandemic has boosted the demand for medical equipment and supplies including wearable injectors. Therefore, COVID-19 has had a favourable impact on the global wearable injectors market. To stop the spread of the disease, the pandemic has encouraged the entire healthcare system to switch to home-based therapies. Additionally, considering the need for devices, the companies are focusing on the development and manufacturing of wearable injectors.
Despite the challenges of COVID-19, there has been a great amount of progress in the digital transformation of the healthcare industry. With the progression of artificial intelligence and machine learning (AI/ML), the healthcare and medical device industries will diagnose disease better and earlier, treat illness more precisely, and engage patients more efficiently which will help to increase the demand for wearable injectors.
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AbbVie received US FDA approval for SKYRIZI (risankizumab-rzaa) as the first and only specific interleukin-23 (IL-23) inhibitor for the treatment of adults with moderately to severely active Crohn's disease (CD). It can be self-administered by Subcutaneous Injection (SC) with an On-Body Injector (OBI).
Top Companies Market Share in Wearable Injectors Industry: (In no particular order of Rank)
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In 2022, North America gained the largest revenue share. This is attributed to the rising prevalence of chronic diseases, such as cancer, diabetes, and the presence of sophisticated healthcare infrastructure drives the demand for wearable injectors in the region. In addition to this, Poor nutrition, including diets low in fruits and vegetables and high in sodium and saturated fats leads to an increasing number of chronic diseases among the people.
Asia Pacific is expected to register the highest CAGR during the forecast period. This is attributed to favorable government initiatives for the use of medical devices such as wearable injectors, the increasing geriatric population, and growing healthcare expenditure in the region.
The current report Scope analyzes Wearable Injectors Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Wearable Injectors Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Wearable Injectors Industry growth. Wearable Injectors market has been segmented with the help of its Type, End User Usage, and others. Wearable Injectors market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In 2022, The on-body injectors segment dominated the market with the largest revenue share of 56.21%. This is attributed to increased demand as these patches are comfortable to wear on the skin (stomach). They are also water-resistant and convenient to use at home. Furthermore, the on-body segment is expected to retain its leading position over the forecast period This is due to the patient's ease in delivering a precise amount of drug to the body over a controlled period of time drives the demand for the on-body segment.
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Based on usage, the market is bifurcated into disposable and semi-reusable, By Technology the market is segmented into electronic, mechanical, and others, By the mechanism of injection the market is bifurcated into motor-driven, spring-driven, expanding battery, rotary pump, collapsible reservoir, and pressurized gas, by therapeutic area the market is bifurcated into diabetes, oncology, cardiovascular disease, and others, and by end-user, the market is segmented into clinics, hospitals, ambulatory surgery centers, home care settings, and others, by Region the market is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Wearable Injectors Market is witnessing significant growth in the near future.
In 2023, the On-Body segment accounted for noticeable share of global Wearable Injectors Market and is projected to experience significant growth in the near future.
The Clinics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Becton, Medtronic and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | On-Body, Off-Body |
End User | Clinics, Hospital, Ambulatory surgery centers, Home care setting, Others |
Usage | Disposable, Semi-reusable |
Technology | Electronic injectors, Mechanical injectors, Others |
Mechanism of Injection | Motor-driven, Spring driven, Expanding battery, Rotary pump, Collapsible reservoir, Pressurized gas |
Therapeutic Area | Diabetes, Oncology, Cardiovascular disease, Other |
List of Competitors | Becton, Dickinson and Company, Medtronic, Johnson Johnson, Insulet Corporation, Unilife Corporation, Enable Injections, SteadyMed, Ypsomed Group, West Pharmaceutical Services, Unilife, CeQur, Sensile Medical, BD Medical, Roche, ScPharmaceuticals, SteadyMed, J J |
This chapter will help you gain GLOBAL Market Analysis of Wearable Injectors. Further deep in this chapter, you will be able to review Global Wearable Injectors Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by End User Analysis 2019 -2031
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Chapter 12 Market Split by Usage Analysis 2019 -2031
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Chapter 13 Market Split by Technology Analysis 2019 -2031
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Chapter 14 Market Split by Mechanism of Injection Analysis 2019 -2031
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Chapter 15 Market Split by Therapeutic Area Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Wearable Injectors market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why On-Body have a significant impact on Wearable Injectors market? |
What are the key factors affecting the On-Body and Off-Body of Wearable Injectors Market? |
What is the CAGR/Growth Rate of Clinics during the forecast period? |
By type, which segment accounted for largest share of the global Wearable Injectors Market? |
Which region is expected to dominate the global Wearable Injectors Market within the forecast period? |
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