Albany, New York, March 7, 2019:At the time when new biologic and bio-similar products are launching, the significance of self-injection devices for biopharmaceuticals have strengthened. Self-injection devices, including pen injectors, auto injectors and new large volume patch injectors have been designed for convenience and improved patient adherence. Cost pressure and timeline are fueling both pharmaceutical and biotech companies to source these state-of-the-art device swiftly and at low risk.
These introductory insights are according to the report titled, “Self-injection Device Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately incorporated in the Market Research Reports Search Engine’s (MRRSE) ever-expanding repository. With respect to market revenue, the market for self-injection device is anticipated to expand at a compound annual growth rate of over 13% during the assessment period 2018-2026.
The combination of growing trend towards biological drugs and global increase in diabetes which cannot be administered orally have pushed patients towards self-injection, which bespeaks that their importance is expected to grow in the future. As such, wearable injector devices, at the nascent stage, are being assessed for wide range of applications for chronic disorders and diabetes demanding large dosage of medication.
Although biological drugs have tasted success addressing chronic diseases, it can pitch for at-home administration using auto-injectors and prefilled syringes (PFSs). Besides, patients using self-injection devices can perceive psychological challenges—from mild squeamishness to extreme anxiety. These factors may act as inhibit the growth of self-injection device market.
Self-injection Device Market: Report Content
Qualitative and quantitative analysis underlie a comprehensive analysis on the self-injection device for the forecast period 2018-2026. The report presents a lucid picture of the dynamics of the market, expanding to drivers, opportunities, trends and restraints. These factors become paramount and have great influence in the growth of the self-injection device market. Further, the report includes the segmentation of the self-injection device market to provide a holistic view. The market is segmented on the basis of product, usage and region.
The report starts with a comprehensive executive summary followed by market background section. The report also includes technological advancements and mergers and acquisition which have considerable impact in the growth of the self-injection device market. The report also includes market structure analysis which sheds light on market share analysis of top players along with market presence analysis of players. The report also shows the technology roadmap of the market.
The last section delves into the competitive landscape of the self-injection device market with a competition dashboard, developments, benchmarking and deep dive. The section elucidates overview, product portfolio, sales footprint and strategy of leading players in the market.
Self-injection Device Market: Research Methodology
The market for self-injection device adopts supply-demand approach to provide a holistic picture of the market. In-house panel of experts have thoroughly analyzed the research sources, including secondary sources and primary sources. Revenue comparison, market share comparison and Y-o-Y growth comparison on the geography lead to the market size of the self-injection device. The growth of manufacturers in the historical and forecast period are estimated to assist the readers with investment decisions.
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