Injectable Drug Delivery Devices Market

Injectable Drug Delivery Devices Market

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raksha

Author:

Raksha Sharma

Vineet

Fact-checked by:

Vineet Pandey

Shreyas

Editor:

Shreyas Tandon

Injectable Drug Delivery Devices Market Outlook 2031

The global injectable drug delivery devices market size was USD 96.14 Billion in 2022 and is expected to reach USD 256.08 Billion by 2031 expand at a healthy CAGR 11.5% during the forecast period, 2023-2031. The growth of the market is attributed to growing prevalence of chronic diseases such as cardiovascular diseases, obesity, and diabetes. Moreover, rising use of disposable syringes due to rising burden of chronic diseases is driving the market growth.

A major number of drugs and therapies that address these chronic ailments are available. However, the use of syringes in the management of any chronic ailment is inevitable. Syringes can either be a part of sample collection during diagnosis or treatment regimen such as osteoarthritis.

Global Injectable Drug Delivery Devices Market Outlook

Injectable Drug Delivery Devices Market Drivers, Restraints, Trends, and Opportunities

  • Rising technological advancements and improving patient compliance are expected to propel the market growth.
  • Beneficial reimbursement policies and rising number of biologics in the pharmaceutical market are anticipated to spur the growth of the market.
  • The advantages of self-injectable injections and increasing awareness about self-administration are speculated to proliferate the market growth.
  • The COVID-19 outbreak has encouraged pharmaceutical companies to develop vaccines, which in turn, has created lucrative opportunities during the forecast period.

Scope of the Injectable Drug Delivery Devices Market Report

The report on the injectable drug delivery devices market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Injectable Drug Delivery Devices Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Conventional Drug Delivery Devices and Advanced Drug Delivery Devices (Prefilled Syringes, Injectable Pens, Auto Injectors, Needle-free Injectors, Other Device Types), Therapeutic Applications (Cardiovascular Diseases, Diabetes, Oncology, Autoimmune Disorders, Hepatitis, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Baxter International Inc., Becton, Dickinson and Company, Gerresheimer AG, Teva Pharmaceutical Industries Ltd, and Eli Lilly and Company

Injectable Drug Delivery Devices Market Segment Insights

Self-injectable drug delivery devices segment to account a large market share

Based on types, the market is divided into conventional drug delivery devices, self-injectable drug delivery devices, and advanced drug delivery devices. The advanced drug delivery devices segment is further segmented into prefilled syringes, injectable pens, auto injectors, needle-free injectors, and others. The self-Injectable drug delivery devices segment is projected to account for a large market share during the forecast period.

Rising number of diabetes patient is expected to propel the segment growth. Self-injectable devices are convenient to use and are inexpensive in nature. Rising innovation in self-injectable devices is expected to further boost the segment growth.

Injectable Drug Delivery Devices Market Type

Diabetes segment to exhibit a high CAGR

On the basis of therapeutic applications, the market is classified as cardiovascular diseases, diabetes, oncology, autoimmune disorders, hepatitis, and others. The diabetes segment is projected to expand at a high CAGR during the forecast period. Rising prevalence of diabetes is driving the market segment growth. Diabetes is one of the most common diseases around the world. Many people use insulin injections to cope with the disease. Hence, the demand for injectable drug delivery devices is growing at a healthy rate in the market.

Global Injectable Drug Delivery Devices Market Therapautic Applications

North America to account a considerable market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to account for a considerable market share during the forecast period. The segment growth is attributed to the increasing geriatric population and rising incidence of chronic diseases in the countries such as the US and Canada. Increasing healthcare expenditure, rising focus on health, and growing government funding are expected to foster the regional market growth.

Global Injectable Drug Delivery Devices Market Regions

Segments

The global injectable drug delivery devices market has been segmented on the basis of:

Type

  • Conventional Drug Delivery Devices
  • Self-injectable Drug Delivery Devices
  • Advanced Drug Delivery Devices
  • Prefilled Syringes
  • Injectable Pens
  • Auto Injectors
  • Needle-free Injectors
  • Others

Therapeutic Applications

  • Cardiovascular Diseases
  • Diabetes
  • Oncology
  • Autoimmune Disorders
  • Hepatitis
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key players

Competitive Landscape

Some of the major players in the market are Baxter International Inc., Becton, Dickinson and Company, Gerresheimer AG, Teva Pharmaceutical Industries Ltd, and Eli Lilly and Company.

The companies operating in the market are focusing on product innovation, expansion, and exploring new markets. Moreover, they’re partnering with local manufacturers to expand their market share.

Global Injectable Drug Delivery Devices Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Injectable Drug Delivery Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Injectable Drug Delivery Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Injectable Drug Delivery Devices Market - Supply Chain
  4.5. Global Injectable Drug Delivery Devices Market Forecast
     4.5.1. Injectable Drug Delivery Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Injectable Drug Delivery Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Injectable Drug Delivery Devices Market Absolute $ Opportunity
5. Global Injectable Drug Delivery Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Injectable Drug Delivery Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Injectable Drug Delivery Devices Demand Share Forecast, 2019-2026
6. North America Injectable Drug Delivery Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Injectable Drug Delivery Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Injectable Drug Delivery Devices Demand Share Forecast, 2019-2026
7. Latin America Injectable Drug Delivery Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Injectable Drug Delivery Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Injectable Drug Delivery Devices Demand Share Forecast, 2019-2026
8. Europe Injectable Drug Delivery Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Injectable Drug Delivery Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Injectable Drug Delivery Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Injectable Drug Delivery Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Injectable Drug Delivery Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Injectable Drug Delivery Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Injectable Drug Delivery Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Injectable Drug Delivery Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Injectable Drug Delivery Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Injectable Drug Delivery Devices Market: Market Share Analysis
  11.2. Injectable Drug Delivery Devices Distributors and Customers
  11.3. Injectable Drug Delivery Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Baxter International Inc.
     11.4.2. Becton, Dickinson and Company
     11.4.3. Gerresheimer AG
     11.4.4. Teva Pharmaceutical Industries Ltd
     11.4.5. Eli Lilly and Company

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