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Wearable Injectors Market by Type, Therapy - Global Forecast to 2023

Wearable Injectors Market: Global Forecast until 2023

  • October 2018
  • 105 pages
  • ID: 5588816
In this report:
North America is expected to account for the largest share of ##.##% of the global wearable injectors market in 2018 This regional market is projected to grow at a CAGR of ##.##% from 2018 to 2023.
According to the International Diabetes Federation (IDF), the global diabetic population is expected to increase by ##%, to reach ## million by 2045 from ## million in 2017.

Summary

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The wearable injectors market is estimated to rise at a compound annual growth rate of 11.10 percent during the forecast period.

The overall wearable injectors market is estimated to grow ~$9.4B by 2023 from an estimated ~$5.6B in 2018, at a compound annual growth rate (CAGR) of 11.1% during the forecast horizon. The increasing prevalence of targeted therapies, favorable reimbursement, and technological improvements in wearable injectors are forecast to steer the rise of the wearable injectors market. Nevertheless, the preference for alternative routes of drug delivery including pens & autoinjectors is anticipated to restrain the increase of this market to a certain extent.

By category, the off-body injectors segment is anticipated to rise at the maximal rate during the estimate period (2018-2023).

Established on category, the sector is divided into on-body and off-body injectors.The off-body injectors segment is projected to register the highest CAGR (Compound annual growth rate) during the outlook period.

The drawbacks combined with on-body wearable injectors, including painful removal, skin sensitivity issues and irritation, and adhesive fitting issues have resulted in the raised demand for off-body injectors.

By therapy, the cardiovascular diseases segment is anticipated to witness the top compound annual growth rate during the study period.

Established on therapy, the overall wearable injectors market is broken down into immuno-oncology, diabetes, cardiovascular diseases, and other therapies (Parkinson's disease, thalassemia, and primary immunodeficiency disorders).The cardiovascular diseases segment is anticipated to witness the top compound annual growth rate during the estimate period.

The high rise of the segment can be primarily attributed to the high burden of CVDs across the world along the increasing availability of wearable injectors for the treatment of CVDs.

The North American wearable injectors market is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period.

North America (NA) is anticipated to witness the highest increase from 2018 to 2023. This can be connected to the growing prevalence of chronic diseases in the USA and Canada (CA); favorable reimbursement scenario; and growing number of awareness programs in the USA and Canada (CA).

Breakup of primary participants is mentioned below:

• By Company category: Tier 1 - 55.0 percent, Tier 2 - 25.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite - 43.0 percent, Director-level - 32.0 percent, and Others - 25.0 percent

• By Area: North America continent - 38.0 percent, Europe (EU) - 23.0 percent, Asia Pacific (APAC) - 29.0 percent, and the Row - 10.0 percent

The top players in the overall wearable injectors market are Amgen, Medtronic, Insulet Corporation, Tandem Diabetes Care, United Therapeutic Corporation, Valeritas, SteadyMed Therapeutics, Ypsomed, Becton Dickinson (NYSE:BDX), Becton, Dickinson and Company (BD) (NYSE:BDX), Enable Injections, Sensile Medicals, and Bespak.

Segment Research

The analysis examines the wearable injectors market and aims at estimating the market value and upcoming growth potential of this market established on several segments including type, therapy, and area. The market research also comprises competitive review of the top actors in this sector together with their company descriptions, product and service offerings, latest developments, and key industries strategies.

Reasons to Buy the Report

The industry report can help established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them collect a greater share. Companies obtaining the study could use one or any combination of the below mentioned five strategies.

This industry report offers business insights on these pointers:

• Market Uptake: Exhaustive data on the product portfolios of the top actors in the wearable injectors market. The analysis examines the industry established on category, therapy, and area

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and launches of new product in the wearable injectors market

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different wearable injectors across localities

• industry diversification: Complete information about products, untapped areas, recent evolutions, and market investments in the wearable injectors market

• opposing assessment: Detailed assessment of market shares, strategies, products, distribution networks, and manufacturing competences of the key players in the sector

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