Global Self-injection Devices Market is valued at approximately USD 6.98 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2023-2030. Self-injection devices, also known as autoinjectors or self-injectors, are medical devices designed to allow individuals to administer medications to themselves through a subcutaneous under the skin or into the muscle route.
These devices are commonly used for the self-administration of medications such as insulin, epinephrine, and certain other injectable medications for the treatment of various medical conditions, including diabetes, severe allergic reactions, and autoimmune diseases. The Self-injection Devices market is expanding because of factors such as rising diabetes prevalence and growing geriatric Population.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw7461
According to the World Health Organization, diabetes will afflict 537 million adults globally in 2021, with one in ten experiencing other diabetes. Furthermore, as per Statista, diabetes affected around 10.5% of the global adult population in 2021; by 2045, this figure is predicted to climb to more than 12%. Since diabetes is a self-examined disease as it needs personal assistance and can be controlled by regular medical surveillance. Another important component driving space is growing geriatric population.
According to the World Bank Group, the global elderly population was 727 million in 2020, and it is expected to triple in the next three decades, reaching 1.5 billion by 2050. In addition, by 2050, 80% of older people will be living in low- and middle-income countries. The pace of population ageing is much faster than in the past. Also, rising technological advancements in self-injection devices and increasing government regulatory approvals would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Self-injection Devices stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Self-injection Devices Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players. According to Statista, the medical devices industry in the United States was valued at 226 billion US dollars in 2021 and is expected to reach 312 billion US dollars by 2027, with an annual growth rate of 5.38 % during this time period. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric populations, and active participation of government organizations in the market space.
Download Free Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw7461
Major market players included in this report are:
Ypsomed AG
Becton, Dickinson and Company.
Gerresheimer AG
Antares Pharma
Haselmeier AG
NuGen Medical Devices
Owen Mumford Ltd
SHL Medical AG
Pfizer, Inc.
Amgen Inc
Recent Developments in the Market:
In April 2023, BD a leading worldwide medical technology firm, launched a new, ultrasound device with a specialized probe designed to help physicians put IVs correctly.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product
Autoinjectors
Pen Injectors
Wearable Injectors
Needle-free Injectors
By Usability
Disposable
Reusable
By Application
Cancer
Autoimmune Disorders
Hormonal Disorders
Pain Management
Others
By Region:
North America
U.S.
Canada
Europe
To Get More Business Strategies For Request Sample Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw7461
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key target audience are:
- Business Owners and Executives: Market research reports provide valuable insights and data to business owners and executives who are responsible for strategic decision-making. They use the information to assess market opportunities, develop business strategies, and make informed choices regarding market entry, expansion, product development, and investments.
- Marketing and Sales Professionals: Market research reports help marketing and sales professionals understand customer preferences, market trends, and competitive landscape. This information assists in developing effective marketing strategies, identifying target audiences, positioning products, and gaining a competitive advantage.
- Product Development and Innovation Teams: Market research reports provide valuable information on emerging trends, consumer needs, and gaps in the market. Product development and innovation teams rely on these insights to develop new products or improve existing offerings that align with customer demands and market trends.
- Investors and Financial Analysts: Investors and financial analysts use market research reports to assess the potential returns and risks associated with investments in a particular industry or market. The reports provide insights into market growth, competitive landscape, key players, and investment opportunities.
- Market Researchers and Consultants: Market research reports serve as a valuable resource for market researchers and consultants who require comprehensive and up-to-date information on specific industries or markets. They rely on these reports to gather data, analyze market trends, and provide strategic recommendations to clients.
- Government and Regulatory Authorities: Market research reports can inform government bodies and regulatory authorities about industry trends, market dynamics, and the impact of regulations. These reports help in formulating policies, assessing market competitiveness, and monitoring market conditions.
- Academics and Researchers: Market research reports provide a rich source of data and analysis for academic researchers studying market dynamics, industry trends, and consumer behavior. They use these reports to support their research, validate hypotheses, and gain a broader understanding of specific markets.
Request Full Report- https://reportocean.com/industry-verticals/sample-request?report_id=bw7461
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1888 212 3539 (US – TOLL FREE)
Website:https://reportocean.com