
Report ID: UCMIG35I2120
SkyQuest Technology's Auto-injectors market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Auto-Injectors Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
The size of the global market for auto-injectors was evaluated at USD 767.7 million in 2018 and is projected to grow at a CAGR of 19.5%. The main drivers of the total market include an increase in the incidence of anaphylactic shock, increased awareness of these devices, and patient preferences for self-administration of injections. Because they enable more effective and improved drug delivery as well as new formulations, auto-injectors are preferred over conventional devices. It is projected that technological improvements in products will accelerate growth. Humira, manufactured by AbbVie, Inc., for instance, has a lock feature and injection start and stop warnings.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35I2120
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