Global Autoinjector Market Report and Forecast 2024-2032

Global Autoinjector Market Outlook

The global autoinjector market size was valued at USD 71.58 billion in 2023. The major industry drivers include the increasing developments in autoinjector design, increased investment in the health care industry, increasing government assistance for favourable reimbursements and increase in preference for disposable autoinjectors. The market is anticipated to grow at a CAGR of 19.1% during the forecast period 2024-2032 to reach a value of USD 345.14 billion by 2032.

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Increasing Demand for Disposable Autoinjectors to Augment the Global Autoinjector Industry Growth

Based on type, disposable autoinjectors account for a significant market share of the global autoinjector industry. This can be attributed to their ease of use and the presence of a built-in glass syringe, which eliminates the need for patients with limited dexterity or vision impairments to manually load the glass syringe, making the process more comfortable for them.

As a result, an increase in preference for disposable autoinjectors is expected to aid the market growth. Furthermore, the growing prevalence of rheumatoid arthritis is expected to drive the product demand in the forecast period.

The Asia Pacific to Provide Significant Growth Opportunities to the Global Autoinjector Industry

The Asia Pacific region is expected to witness a rapid growth in the forecast period, indicating a significant potential to contribute to the global autoinjector industry growth. Because of the high prevalence of diabetes and growing healthcare expenditures, a number of prominent autoinjector device manufacturers are being attracted to this region, adding to the market growth. These companies are expanding their presence through a variety of means, including creating sales offices and forming alliances with local pharmaceutical companies, which is expected to drive the growth of the Asia Pacific autoinjector industry in the coming years.

Autoinjector: Market Segmentation

An autoinjector is a medical device that consists of a syringe with a spring-loaded needle and a pre-filled drug dose. Autoinjectors are commonly used to avoid anaphylaxis and provide rapid pain relief. Autoinjectors provide a number of advantages, including reducing needle-related anxiety condition, reducing the danger of needle-stick incidents, assuring dose quality consistency, and assisting with increased efficacy.

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By type, the industry is segmented into:

• Disposable
• Reusable

The market can be broadly categorised on the basis of its application into:

• Rheumatoid Arthritis
• Multiple Sclerosis
• Anaphylaxis
• Others

The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Prevalence of Anaphylaxis to Bolster the Growth of the Global Autoinjector Industry

The autoinjector industry is expected to grow considerably in the coming years due to the growing anaphylactic cases globally. As the first line of defence, epinephrine is used to treat anaphylaxis. Innovative designs and portable devices such as autoinjectors with two auto injectable doses in one device and epinephrine with improved temperature stability and shelf life are expected to contribute to the market expansion. Furthermore, the market is expected to grow as a result of the increased efforts by key players in product development, such as the creation of autoinjectors with easy, cost-effective, and cutting-edge technology for the treatment of chronic diseases. The government policies for favourable reimbursements as well as the rapid technological advancements, such as dosage monitoring, are other growth drivers for the industry.

Key Industry Players in the Global Autoinjector Market

The report presents a detailed analysis of the following key players in the global autoinjector market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Amgen Inc.
• Antares Pharma, Inc.
• Becton, Dickinson and Company
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report