Autoinjectors Market Growth Global Market Demand, Production , Top Key Players and Forecast to 2027
The Global
Autoinjectors Market is Estimated to be Valued at USD
79,741 Million by 2024 and is Expected to Register a CAGR of
17.42% During the Forecast Period.
The
disposable autoinjectors segment is expected to lead the market and register a
substantial CAGR to reach USD 53,696.20 Million by the end
of 2024. The increasing demand for testing new drugs and chemicals
and vigorous growth in the pharmaceutical and biopharmaceutical sectors are
expected to drive the market growth. Additionally, the disposable autoinjectors
segment is also projected to exhibit the highest CAGR of 17.90% from 2019
to 2024.
Americas
accounted for the largest market share of 40.6% in 2018, and the
regional market is projected to register a CAGR of 16.60% during
the forecast period. Asia-Pacific is expected to register the fastest CAGR. The
Indian market is projected to exhibit the highest growth rate of 18.95% during
the forecast period of 2019 to 2024.
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Major Key Players:
Market Research Future
(MRFR) recognizes Amgen Inc. (US), Becton, Dickinson and Company (US),
AbbVie Inc. (US), Mylan N.V. (US), Eli Lilly and Company (US), Ypsomed
(Switzerland), Owen Mumford Ltd (UK), Consort Medical (UK), SHL Group (Taiwan),
Johnson & Johnson Services Inc. (US), Teva Pharmaceutical Industries Ltd
(Israel), Antares Pharma (US) as the key players in the Global Autoinjectors
Market Growth.
Segment
Analysis
The Global Autoinjectors Market
Growth has been segmented on the basis of product type, design therapeutic
application, distribution channel, and region. On the basis of product type,
the market has been divided into the disposable autoinjectors and reusable
autoinjectors. The disposable autoinjectors segment held the majority market
share in 2018. It also was the fastest-growing owing to
the increasing demand for testing new drugs and chemicals and vigorous
growth in the pharmaceutical and biopharmaceutical sectors.
Regional
Analysis
Geographically, the global Autoinjectors
Market Growth has been segmented into North America, Europe, Asia-Pacific, and
the Middle East & Africa. As per MRFR analysis, the Americas was the
largest market for the autoinjectors in 2018 and is expected
to remain dominant during the review period. Europe accounted for a significant
market share and is projected to be the second-largest market during the
forecast period. The well-established healthcare infrastructure, technology
advancement, and innovation in drug delivery systems, and rising prevalence of
anaphylaxis incidences, diabetes, and cancer are driving the growth of the Autoinjectors
Market Growth in the region. Germany accounted for the largest market share
of 24.7% in 2018, and the country-level market is projected to
register a CAGR of 15.84% during the forecast period.
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