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  • 4 December 2019 20:42

Wearable Injectors Market - Technology, Future Trends, Market Opportunities and Forecasts by 2019 - 2030

Market Industry Reports (MIR) has published a new report titled “Wearable Injectors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global wearable injectors market is estimated to be over US$ 4.5 Bn in 2017. It is anticipated to grow at a CAGR of 12.1% from 2019 to 2030.

Market Industry Reports (MIR) has published a new report titled “Wearable Injectors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global wearable injectors market is estimated to be over US$ 4.5 Bn in 2017. It is anticipated to grow at a CAGR of 12.1% from 2019 to 2030.

Rapid Growth of the Asia Pacific Market

Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, increasing burden of chronic diseases and increasing adoption of technologies is anticipated to present a lucrative growth scenario for the wearable injectors market in this region. Furthermore, improving healthcare facilities, coupled with supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.

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Increasing adoption of wearable injectors can be attributed to rising awareness, disposable incomes, and implementation of advanced drug delivery technologies. Moreover, rising prevalence of chronic disorders is anticipated to contribute substantially to the growth of the global wearable injectors market between 2019 and 2030.Educational establishments, namely Wyss Institute, have initiated partnership with KeepSmilin4Abbie Foundation, to develop wearable devices for both swift detection of anaphylaxis and automated treatment of the same by means of epinephrine delivery.

Major Players in the Wearable Injectors Market

Medtronic,Insulet Corporation,Tandem Diabetes Care,Amgen,Ypsomed,Becton Dickinson and Company,Enable Injections,Debiotech,Cellnovo and Valeritas among others.

Adoption of Biologics & Latest Technology

Drug delivery systems with capability to deliver drugs of high viscosity and varying dosage have gained immense popularity with the introduction of biologics. Increasing application and popularity of biologics is anticipated to contribute positively to the growth of the wearable injector market. Similarly, inclusion of latest technologies such as data connectivity, digitalization in healthcare systems, advanced feedback mechanism have been highly beneficial in bringing down  human error and simultaneously increasing the overall efficiency of the drug delivery process. Introduction of innovative technologies and simultaneous application of these in drug delivery systems is expected to present an attractive growth prospect for the market in the times to come.

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