Wearable Injectors Market Is Rising At A CAGR Of 16.4% during the forecast period: Grand View Research, Inc.

Posted on 2019-01-15 by researchinsights in Healthcare, Pharmaceuticals // 0 Comments

San Francisco, United States, 2019-Jan-15 — /EPR Network/ —

The global wearable injectors market is anticipated to reach USD 11.3 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness lucrative growth during the forecast period owing to technological advancements in wearable injectors coupled with rising demand for round-the-clock monitoring. The paradigm shift towards self-administration of injectable is expected to drive the market during the forecast period. In addition, increasing awareness and rising adoption of wearable injectors are expected to assist in growth.

Technological advancements in wearable injectors, such as Bluetooth integrated wearable injectors, enable sending alerts to patients, such as injection reminders, and provide patients access to data regarding their therapy regime. Also, optional smart functionality provides connectivity to the healthcare network. Some of these devices have buttons that are accessible through clothing, and others prevent accidental activation. They also have audio and visual status indicators or signals. Patients can self-administer drugs subcutaneously in less time and with minimal effort as compared to intravenous or other routes. Patients are not required to visit any healthcare provider for administration.

Prevalence of lifestyle-associated diseases, such as diabetes and hypertension, is expected to increase during the forecast period. These diseases demand round-the-clock monitoring of various physiological parameters, such as blood pressure and blood sugar levels. Thus, integration of healthcare data with wearable injectors, which gets forwarded to physicians or doctors giving them real-time access with minimal errors, is expected to boost the wearable injectors market.

To view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/wearable-injectors-market

Further Key Findings From the Study Suggest:

The on-body segment held lucrative market share in 2016, owing to growing preference of patients for adhesive patches that release the drug easily and can be worn on the skin
The motor-driven segment is expected to register the highest growth over the forecast period owing to increasing demand from hospitals, clinics, retail chain stores, and pharmacies
The oncology segment is expected to gain the largest market share due to increasing incidence of cancer worldwide
North America is expected to dominate the wearable injectors market over the forecast period due to rising demand for innovative Information Technology (IT) solutions to streamline workflow and increasing regulatory requirements to ensure patient safety
Some of the key players in wearable injectors market are Becton, Dickinson and Company; Johnson & Johnson Services, Inc.; F. Hoffmann-La Roche Ltd.; Unilife Corporation; SteadyMed Therapeutics, Inc.; Amgen, Inc.; Insulet Corporation; Enable Injections; West Pharmaceutical Services, Inc.; and CeQur SA.

Related Report of Consumer Goods:

Grand View Research has segmented the global wearable injectors market on the basis of type, technology, application, end use, and region:

Type Outlook (Revenue, USD Million, 2014 – 2025)

On-body
Off-body

Technology Outlook (Revenue, USD Million, 2014 – 2025)

Spring-based
Motor-driven
Rotary Pump
Expanding Battery
Other

Application Outlook (Revenue, USD Million, 2014 – 2025)

Oncology
Infectious Disease
Cardiovascular Disease
Autoimmune Disease
Other

End-use Outlook (Revenue, USD Million, 2014 – 2025)

Hospital
Clinic
Home Care
Other

Regional Outlook (Revenue, USD Million, 2014 – 2025)

North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
Asia Pacific
- Japan
- China
Latin America
- Brazil
- Mexico
Middle East and Africa (MEA)
- South Africa

Access Press Release Of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-wearable-injectors-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Matched content

Editor’s pick