The global wearable injectors size is expected to reach USD 15.66 Billion in 2028 at a CAGR of 11.2% over the forecast period, according to latest analysis by Emergen Research. Steady revenue growth of the market can be attributed to factors such as increasing prevalence of cardiovascular diseases and diabetes among the growing geriatric population in countries across the globe and need for more efficient drug administering devices and solutions that are easy to use and improve quality of life of patients. The report provides detailed insights into wearable injectors size, market trends, industry trends, consumer trends, market forecast, revenue share growth, along with ranging impacts of each driver on market size. It also provides analysis of various factors expected to restrain or limit potential growth in wearable injectors size over the forecast period, 2020–2028. The report includes profiles of major players in the wearable injectors, strategies being employed/deployed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global wearable injectors size expansion is significantly supported by contribution from major segments and increasing deployment in a range of applications.While conducting primary research, the researchers observed that the rapid growth of the wearable injectors through the forecast duration is driven by the niche and emerging opportunities for the producers engaged in the worldwide wearable injectors. The worldwide wearable injectors has been categorized as product, end-user, and major geographic regions. The fear of needles, painful injections, and risk of needle stick injuries are other major factors driving increasing demand for wearable injectors among new insulin users. The ability to track and manage therapy and avoid over-dose, double injections, or missed injections are propelling adoption of wearable injectors. In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of wearable injectors share contribution of these countries. In addition, wearable injectors share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
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Emergen Research has segmented the global wearable injectors on the basis of technology, type, application, end-use, and region:
- Technology Outlook (Revenue, USD Billion; 2021–2028)
- Expanding Battery
- Rotary Pump
- Type Outlook (Revenue, USD Billion; 2021–2028)
- Application Outlook (Revenue, USD Billion; 2021–2028)
- Cardiovascular Disease
- Infectious Diseases
- End-use Outlook (Revenue, USD Billion; 2021–2028)
- Home Care Settings
- Regional Outlook (Revenue, USD Billion; 2021–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
Region wise performance of the Wearable Injectors industry
In terms of wearable injectors size, North America is expected to remain dominant among the other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting wearable injectors size growth.
Asia Pacific wearable injectors size is expected to remain steady, and register fastest revenue growth rate between 2020 and 2028. Rapid revenue growth rate in countries such as China and India is attributable to rapid growth in wearable injectors size in Asia Pacific, and the trend is expected to continue going ahead.
Continuous developments in countries in Europe is expected to support growth in regional market size over the forecast period.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
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Some Key Highlights in the Report
- In August 2019, Genentech of Roche entered into collaboration with Enable Injections, which is a developer and designer of wearable investigation testing, for ‘Combination Goods’ infusion devices. The partnership was created for multiple programs based on the en-Fuse platform of Enable.
- The spring-based segment accounted for largest revenue share in 2020 due to rising preference, driven by more ease of use as compared to conventional procedures.
- The on-body wearable injectors segment revenue is expected to expand at a rapid CAGR during the forecast period. Demand for on-body wearable injectors is relatively high currently, and this segment is expected to account for a significantly robust revenue growth during the forecast period. On-body wearable injectors enable patients to self-administer treatments at home, which is more comfortable and cost-effective.
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Wearable Injectors industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the wearable injectors across different regions?
- Who are the major driving forces expected to decide the fate of the Wearable Injectors industry worldwide?
- Who are the prominent market players making a mark in the wearable injectors with their winning strategies?
- Which Wearable Injectors industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the wearable injectors?
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