Subcutaneous Drug Delivery Devices Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029
Subcutaneous Drug Delivery Devices Market: Overview
Subcutaneous drug delivery devices are gaining considerable traction over a brief period due to the convenience and comfort they provide to the consumer. In addition, the rising number of cardiovascular diseases and diabetes cases across the world may increase the demand for subcutaneous drug delivery devices. Hence, based on all these factors, the global subcutaneous drug delivery devices market may garner considerable growth during the forecast period of 2019-2029.
Subcutaneous drug delivery devices are available in various types namely wearable injectors, prefilled syringes, needle-free injectors, auto-injectors, and pen injectors. On the basis of distribution channels, the subcutaneous drug delivery devices market can be classified into online pharmacies, hospital pharmacies, and retail pharmacies.
This subcutaneous drug delivery devices market report has extensive information on various aspects associated with bringing growth. Important points such as key trends, mergers and acquisitions, and the regional scenario associated with the subcutaneous drug delivery devices market have been analyzed and included in the report. The stakeholders can derive a treasure of information from this report. This report also includes a scrutinized take on the COVID-19 impact on the subcutaneous drug delivery devices market.
Subcutaneous Drug Delivery Devices Market: Competitive Dimensions
The subcutaneous drug delivery devices market is hybrid with various domestic and international players in the fray. Manufacturers in the subcutaneous drug delivery devices market are involved in extensive research and development activities for creating products with modern technologies.
With the growing influence of subcutaneous drug delivery devices, various investment firms and conglomerates are investing largely in the subcutaneous drug delivery devices market. This aspect invites expansive growth opportunities for the subcutaneous drug delivery devices market.
Mergers and acquisitions also play an important part in helping the players to gain clout across the subcutaneous drug delivery devices market. This aspect eventually helps in increasing the growth rate of the subcutaneous drug delivery devices market.
For instance, Stevenato Group and Bexson Biomedical recently collaborated to develop a subcutaneous ketamine treatment platform for pain management and mental health disorders. In another development, Takeda has partnered with Elektrofi to enable subcutaneous administration. Such benefits may bring expansive growth opportunities for the subcutaneous drug delivery devices market.
Some well-established players in the subcutaneous drug delivery devices market are Insulet Corporation, West Pharmaceutical Services, Inc., Ypsomed AG, Novo Nordisk, Gerresheimer AG, Inolife Sciences, Becton, Dickinson and Company, Elcam Medical Group, Unilife Corporation, and Inolife Sciences.
Subcutaneous Drug Delivery Devices Market: Key Trends
The escalating awareness about the benefits of subcutaneous drug delivery devices is bringing tremendous growth opportunities. With a large number of individuals preferring eCommerce platforms for ordering these devices, the players are making efforts to increase their online presence. Novel devices are also creating a substantial buzz in the subcutaneous drug delivery devices market. Researchers at MIT recently developed a double-barreled syringe for subcutaneous biologics injections.
Wearable injectors may also bring a good growth share for the subcutaneous drug delivery devices market during the forecast period of 2019-2029.
Subcutaneous Drug Delivery Devices Market: Regional Aspects
North America is prognosticated to emerge as a promising region for offering good growth for the subcutaneous drug delivery devices market during the assessment period. The rising cases of diabetes, multiple sclerosis, arthritis, and cardiovascular diseases may serve as significant growth generators for the subcutaneous drug delivery devices market in the region.
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The 5-point growth formula includes the following points:
Current and Future Threats
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Accurate Trend Analysis
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