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JERSEY CITY, N.J. , July 21, 2022 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Autoinjector Contract Manufacturing Market By Product (Disposable Autoinjectors, Reusable Autoinjectors, Wearable Injector, and Smart/Connected Autoinjectors), Application (Anaphylaxis, Rheumatoid Arthritis, Multiple Sclerosis, Diabetes, and Others), End-User (Homecare, Hospitals & Clinics, and Ambulatory Services))- Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
According to the latest research by InsightAce Analytic, the global autoinjector contract manufacturing market is valued at US$ 1.16 billion in 2021, and it is expected to reach US$ 2.80 billion by 2030, with a CAGR of 10.4% during the forecast period of 2022-2030.
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Autoinjector devices are helpful for the rapid administration of drugs and antidotes, and they can also be used by those who have not been medically trained. Hence, it makes them very convenient for emergency and mass casualty management. Autoinjectors are commonly used for self-administration of epinephrine (to prevent anaphylaxis), by migraine sufferers (for quick pain relief), and for medical and emergency treatments. Autoinjectors are widely gaining popularity among patients with conditions that necessitate many injections per day. One of the primary drivers of the Autoinjector Contract Manufacturing market is the growing number of patients who have rheumatoid arthritis, multiple sclerosis, diabetes, and growth hormone disorders. Autoinjectors are gaining popularity because they allow patients to inject their medication without hesitancy due to a fear of the needle-based drug delivery technique. Patient care and comfort are of the utmost importance to caregivers and patients alike; equipment such as Autoinjectors enables patients to administer their own doses without the need for medical expertise. Autoinjectors can be used anywhere without causing discomfort to the user or those around them. Autoinjectors lower the cost per injection for the user because the main body of the device does not need to be changed with each infusion.
Increase in R&D efforts by companies to design accessible, cost-effective, and innovative technology-based autoinjectors for the treatment of chronic conditions, as well as the rising demand for and manufacturing biologics, are weighing on the growth of the Autoinjector industry. Companies engaged in research and development are attempting to create innovative, cost-effective treatments for chronic diseases such as multiple sclerosis and rheumatoid arthritis. It is expected to expand the market's worth and reach very high levels in the coming years.
However, It is anticipated that the preference for other routes of medication administration, such as oral diabetes treatments and nasal epinephrine sprays, will reduce the use of Autoinjector devices. The development of needle-free medicine administration methods, such as jet injectors, also restrains market growth.
The North American region is projected to account for the most significant portion of the market for Autoinjector Contract Manufacturing. The region accounts for a sizable elderly population who rely on injections as part of their treatment for conditions including diabetes and rheumatoid arthritis. The region's significant insurance programmes have also aided in the market expansion for Autoinjector Contract Manufacturing. The vendors' technological innovations, particularly the creation of intelligent Autoinjectors, have contributed to the domination of the North American region.
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Major market players operating in the autoinjector contract manufacturing market include Phillips-Medisize (a Molex Company), Elcam Drug Delivery Devices (E3D) (Elcam Medical), Jabil Healthcare, Gerresheimer AG, Dali Medical Devices, Ypsomed Delivery Systems (YDS), SHL Medical, Haselmeier, Owen Mumford , Becton, Dickinson and Company (BD), CCBio, Nemera (Copernicus), Recipharm AB, Sonceboz, Solteam Medical, Stevanato Group, Union Medico ApS., Neuma Engineering, Emperra, Eitan Medical, Enable Injections, West Pharmaceutical Services, Inc., Delfu Medical, Wanhai Medical, and Other Prominent Player
Key developments in the market:
Global Autoinjector Contract Manufacturing Market, by Product, 2020-2030 Value (US$ Mn) and Volume (No. of Units)
Global Autoinjector Contract Manufacturing Market, by Application, 2020-2030 Value (US$ Mn) and Volume (No. of Units)
Global Autoinjector Contract Manufacturing Market, by End-User, 2020-2030 Value (US$ Mn) and Volume (No. of Units)
Global Autoinjector Contract Manufacturing Market, by Region, 2020-2030 Value (US$ Mn) and Volume (No. of Units)
North America Autoinjector Contract Manufacturing Market, by Country, 2020-2030 Value (US$ Mn) and Volume (No. of Units)
Europe Autoinjector Contract Manufacturing Market, by Country, 2020-2030 Value (US$ Mn) and Volume (No. of Units)
Asia Pacific Autoinjector Contract Manufacturing Market, by Country, 2020-2030 Value (US$ Mn) and Volume (No. of Units)
Latin America Autoinjector Contract Manufacturing Market, by Country, 2020-2030 Value (US$ Mn) and Volume (No. of Units)
Middle East & Africa Autoinjector Contract Manufacturing Market, by Country, 2020-2030 Value (US$ Mn) and Volume (No. of Units)
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