Wearable Injectors Market Size to Estimate US$ 12.4 Bn by 2029

The global wearable injectors market size is forecasted to grow at US$ 12.4 billion by 2029 and expanding growth at a CAGR of 11.8% from 2021 to 2030.

The wearable injectors are technologically upgraded and modified injectors which help to deliver large number of drugs to the human body. The wide range of wearable injectors such as hand held, on-body, and off-body injectors are utilized in the treatment of various disorders. The wearable injectors are used in the treatment of autoimmune diseases, oncological disorders, infectious diseases, and cardiovascular disorders. The huge number of wearable injectors is used in home care, hospitals, and clinics. The global wearable injectors market is growing due to the expanding healthcare facilities and centers.

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In addition, the growing prevalence of chronic disorders such as cancer, diabetes, and cardiovascular disorders is boosting the growth of the global wearable injectors market. These disorders are highly risky and can endanger the life of patients. Therefore, the effective and efficient devices such as wearable injectors are highly utilized in the treatment of such disorders.

Moreover, the growing demand for wearable injectors in developed and developing countries is paving way for the growth of the global wearable injectors market over the projected period. The key market players are highly investing on the research and development activities which is also driving the growth of the global wearable injectors market. Another factor driving the growth of the worldwide wearable injectors market is rising number of old people globally. The old people are more vulnerable and suffer from infections and disorders easily. Thus, the adoption and acceptance of wearable injectors for home care treatment is growing, which is propelling the market growth.

Report Highlights:

• Based on the type, the on-bodysegment dominated the global wearable injectors market in 2020 with largest market share. The on-body wearable injectors are easy to use and operate. This type of wearable injectors helps in effective treatment of the skin.
• On the basis of application, the oncologysegment holds the largest market share the global wearable injectors market in 2020.The rising incidence of cancer is supporting the growth of the global wearable injectors market during the forecast period.
• Based on the end user, the homecare segment dominated the global wearable injectors market in 2020 with largest market share. The growing preference for home care diagnostics and treatment is driving the growth of the global wearable injectors market. In addition, the surge in demand for advanced technological devices is creating huge demand for wearable injectors for home care.
• North America is the largest segment for wearable injectors market in terms of region.The factors such as existence of large number of market players and growing prevalence of chronic disorders are boosting the expansion of the wearable injectors market in the North America region.
• Asia-Pacific region is the fastest growing region in the wearable injectors market.The growth of wearable injectors market in Asia-Pacific region is being driven by growing geriatric population and surge in the healthcare expenditure.

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Future of Wearable Injectors Market

The introduction of wearable injectors in the market has created lucrative opportunities for the growth of the market. The wearable injectors benefit the patients in many ways. The traditional injectors were not so efficient and effective as compared to wearable injectors. The wearable injectors can be customized as per the requirement and need of patients. The wearable injectors are also easy to operate without any help of healthcare practitioners. The wearable injectors provide instant relief against disorders to patients. As a result, the expansion of the global wearable injectors market is expected in the coming years due to wide utilization of wearable injectors globally.

COVID-19 Impact Analysis:

• The COVID-19 pandemic provided positive outlook on the growth of the global wearable injectors market.
• The demand for wearable injectors increased due to the growing prevalence of chronic diseases.
• The coronavirus outbreak also increased the need and requirement for at home care therapeutics and medications. This factor had positive impact on the wearable injectors market growth.  

Key Developments in the Marketplace:

• Medtronic PLC introduced an infusion set that may be worn for up to 7 days in April 2021 to help people with diabetes.
• Sorrel Medical, a company that makes wearable drug delivery devices, will open a new manufacturing facility in Israel in 2020 to expand production.
• United Therapeutics Corporation introduced the Remunity subcutaneous pump for Remodulin in February 2021 to assist patients with pulmonary arterial hypertension.
• Aptar and Noble International joined with Donate Pharma in March 2021. As part of a thorough patient onboarding and awareness effort for Ventizolve, One Pharma will deploy Aptar Pharma’s Unidose Liquid System.

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Market Segmentation

By Type

• On-Body
• Off-Body
• Hand Held

By Application

• Oncology
• Cardiovascular Diseases
• Infectious Diseases
• Autoimmune Diseases
• Others

By End User

• Hospitals
• Clinics
• Homecare
• Others

By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

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