Auto-injectors are prudent as they decrease around 95% of major healthcare expenditure, as there is no requirement to go to hospitals and clinics for the administration of the infusion by healthcare experts. Auto-injectors offer cheap home medicine and lessen the time devoured at out-patient and in-patient care units. For patients needing regular dose administration on daily and weekly schedule, the utilization of auto-injectors lessens the normal cost per injection. A decrease in reliance on healthcare experts is boosting the adoption of auto-injectors and is probably going to expand the revenue development of the overall market over the conjecture time frame.
The worldwide market for auto-injectors accounted for approximately US$ 1700 Million by 2016 end. The overall market is projected to record a double digit CAGR of 15.1% over the estimated period and is anticipated to account for around US$ 7,000 Million by the end of the forecast year 2026.
The anaphylaxis segment is likely to record a CAGR of 15% in revenue terms during 20162026, to account for over US$ 6000 Million through 2026. The multiple sclerosis segment is considered to be the second largest lucrative segment of the worldwide market for auto-injectors. The segment accounted for about 5.3% value share by 2016 and is estimated to gain over 5.5% value share by the end of 2026.
Auto-Injectors Market Segmentation By Indication Anaphylaxis, Multiple Sclerosis, Rheumatoid Arthritis and Others; By Product Prefilled Auto-Injectors and Fillable Auto-Injectors; By Distribution Channel Hospital Pharmacies, Retail Pharmacies, Online Pharmacies and Drug Stores
Key Market Players
The key players in the worldwide market for auto-injectors include: Eli Lilly and Company, Dickinson and Company, Becton, Pfizer Inc., Sanofi, Novartis AG, Mylan N.V., Janssen Global Services LLC, Bayer AG, Amgen Inc., Antares Pharma Inc.
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