Leeds, UK -- (SBWIRE) -- 07/15/2019 -- Conventional needles and syringes carry substantial drawbacks of needlestick injuries, time and cost of visiting professionals for drug administration, potential dosage errors and so on, advanced and innovative auto injectors provide a precise solution to all these drawbacks. Overall awareness about user-friendly self-administration of drugs by patients who need parenteral medications, a rising number of patients with chronic rheumatic arthritis, diabetes, and life-threatening allergic conditions are catalysing the enormous growth of pre-filled auto injectors market.
The global pre-filled auto injectors market is estimated to showcase a global value of over $ 5 billion by 2026 end with a striking CAGR of 15.4% during the forecast period from 2019 to 2026
Trends That Would Dominate the Global Pre-Filled Auto Injectors Market for Coming Years:
- Pre-filled auto injectors for treating long term allergic reactions especially in newborns and children
- Auto injectors with controlled release capabilities
- Efforts to retain market exclusivity by monitoring drug patent expiry in combination with pre-filled auto injector technology
- Improved safety of the products
- Governments focus on price reduction for innovative technologies
- Cut-throat competition due to stringent patient protection act
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Global Pre-Filled Auto Injectors Market Restraints:
- Lack of knowledge about the right time to use in case of severe conditions
- Sustenance in price sensitive market
- Undersupply and limited shelf life of the product
Global Pre-Filled Auto Injectors Market, by Product Type:
- Reusable Auto Injectors
- Single Use Auto Injectors
Reusable auto injectors segment is the major shareholder of the global pre-filled auto injectors due to the ease of use and moderately affordable prices. However, the overall trend is towards using disposable or single-use auto injecting devices. As of now, single-use auto injectors face a challenge of high pricing and market players capable of providing safe affordable single-use auto injectors are anticipated to be future market leaders.
Global Pre-Filled Auto Injectors Market, by Sales Channel:
- Retail Pharmacies
- Institutional Distribution
- Online Pharmacies
Global Pre-Filled Auto Injectors Market, by Region:
- Europe
- North America
- APAC
- Latin America
- Rest of World
North America pre-filled auto injectors market is a major shareholder in the global market due to high penetration among the general population. Europe & Asia Pacific regions are expected to witness the highest growth rate in global pre-filled auto injectors. Latin America and Rest of world pre-filled auto injectors markets are expected to account small share in global pre-filled auto injectors market due to less adoption.
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Competitive Landscape:
- Tier 1 players- established companies in the market with major market share
- Tier 2 players
- Emerging players which are growing rapidly
- New Entrants
FutureWise Takeaways:
- Growth prospects
- SWOT analysis
- Key trends
- Key data points affecting market growth
Objectives of the Study:
- To provide with an exhaustive analysis on the global pre-filled auto injectors market on the basis of product type, sales channel and region
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in five key regions (along with countries)—North America, Europe, Asia Pacific, and Latin America
- To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
- Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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