What is the global market size of Wearable Injectors Market?

Wearable Injectors Market size was valued at USD 6.66 billion in 2021 and is poised to grow from USD 7.65 billion in 2022 to USD 23.89 billion by 2030, growing at a CAGR of 15.29% in the forecast period (2023-2030).

Wearable Injectors Market Size, Share, Growth Analysis, By Type(On-Body, Off-Body), By Therapy(Diabetes, Cardiovascular disease, Immuno-oncology, Others), By Region - Industry Forecast 2024-2031

Report ID: SQSG35B2020 | Region: Global | Published Date: February, 2024
Pages: 263 | Tables: 63 | Figures: 76

Wearable Injectors Market Regional Insights

In terms of revenue, North America held the largest wearable injector market globally in 2021, and it is expected that it will continue to do so during the projection timeframe. This is explained by the spike in the number of people with various medical conditions. Furthermore, the requirement for the wearable injector market is being fueled by the introduction of numerous novel medications that may successfully cure chronic diseases. Additionally, the growing acceptance of tailored pharmaceuticals may have a favorable effect on the market in the years to come.

The most potential market is expected to be in the Asia Pacific over the forecast years. Several of the world's top biotech producers are based in the Asia Pacific. The industry competitors can expect profitable prospects in the near future from countries like South Korea, China, and India. Additionally, it is predicted that the region's aging population will increase the market for wearable injectors. The aging population is more susceptible to many chronic diseases and is projected to drive market expansion in the coming years.

Wearable Injectors Market Report Snapshots

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Wearable Injectors Market size was valued at USD 6.66 billion in 2019 and is poised to grow from USD 7.65 billion in 2023 to USD 23.89 billion by 2031, growing at a CAGR of 15.29% in the forecast period (2024-2031).

Many businesses in the market for producing wearable injectors are now concentrating on expanding their production capacities through mergers and acquisitions. For the purpose of acquiring new features or gaining entry into new markets, large primary manufacturers are creating joint ventures or purchasing small or midsized businesses. Additionally, businesses are investing in the creation of enhanced products. They are also concentrating on keeping their prices competitive. For instance, in April 2021, the Medtronic Extended infusion set is the first and only infusion set that may be worn for up to 7 days, according to an announcement made by Medtronic plc. 'Ypsomed', 'Amgen', 'Subcuject (Denmark)', 'Becton, Dickinson and Company (BD)', 'Bespak Europe Ltd.', 'CeQur SA', 'Debiotech SA', 'Enable Injections', 'Insulet Corporation', 'Medtronic plc', 'Mylan N.V.', 'Nemera Development S.A.', 'Omron Corporation', 'Pfizer Inc.', 'Roche Holding AG', 'Sensile Medical AG', 'SteadyMed Therapeutics, Inc.', 'Tandem Diabetes Care, Inc.', 'United Therapeutics Corporation', 'West Pharmaceutical Services, Inc.', 'Zosano Pharma Corporation'

The choice of different medicines and wearable drug delivery systems has increased as a result of the uncertainty surrounding the COVID-19 pandemic. To stop the illness from spreading and protect high-risk individuals from illness, medical systems on the planet have taken action to delay the onset of cancer therapies. As the pandemic spread, the risks for those obtaining medical attention increased. The majority of patients are treated in hospitals, which increased their danger during the outbreak. A shift from hospital-based therapy to home-based care has taken place in order to solve these challenges and give adequate care to individuals suffering from various illnesses.

The rising popularity of at-home, self-administered injectors for treating illnesses with little chance of dosage error and needle stick injuries. Other growth-promoting aspects include a number of product developments, such as the incorporation of Bluetooth, wireless communication, and passive warning systems with injectors. These innovations allow for comfortable patient monitoring via a mobile application and offer prompt medication reminders.

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Wearable Injectors Market Size, Share, Growth Analysis, By Type(On-Body, Off-Body), By Therapy(Diabetes, Cardiovascular disease, Immuno-oncology, Others), By Region - Industry Forecast 2024-2031

Wearable Injectors Market Regional Insights

Wearable Injectors Market Report Snapshots

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