Global auto-injectors market was valued at USD 665.0 million in 2013 and is expected to grow at a CAGR of 18.6% from 2014 to 2020, to reach USD 2,503.4 million in 2020
On the other hand, the high prices associated with auto-injectors are restricting patients in developing economies from purchasing them, limiting the overall development of the global auto-injectors market, reports the study.The report analyzes the global auto-injectors market on the basis of products, applications, manufacturing designs, and regional distribution.Based on products, prefilled auto-injectors led the global auto-injectors market on account of their ease of usage and increasing patient awareness regarding these devices, while by application, the anaphylaxis market segment dominated the global market owing to the high prevalence of anaphylaxis. The market is expected to register the fastest growth among application segments of the auto-injectors market during the forecast period.
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On the basis of manufacturing design, the standardized auto-injectors market segment led the global market in 2013. However, the customized auto-injectors market is projected to report the fastest growth over the forecast period, states the report.On regional basis, the auto injectors market in North America ranked first among all the regional markets, accounting for 70% of the overall industry in 2013.
High incidence of multiple sclerosis and anaphylaxis, coupled with favorable reimbursement policies, has fueled the auto-injectors market in the region. However, analysts at TMR expect the market in Asia Pacific to register the fastest growth during the forecast period.Apart from this, the report identifies the increasing prevalence of rheumatoid arthritis and food allergies in developing economies as potential growth drivers of the auto-injectors markets in Asia Pacific and the Rest of the World.
The global auto-injectors market is concentrated in nature. The major companies profiled in this report are Antares Pharma Inc., Biogen Idec, Becton, Dickinson & Co., Mylan, Inc., Pfizer, Inc., Novartis International AG, Sanofi, Unilife Corp., Scandinavian Health Ltd., and Ypsomed Holding AG.On account of the massive demand for Auvi-Q and EpiPen auto-injectors, Sanofi and Mylan Inc.
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Innovation is the key driver of the global auto-injectors market, according to the publication. Auto-injector manufacturers continuously work upon developing new and effective auto-injectors for the treatment of various diseases in order to gain a competitive edge over peers.
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