June 10, 2021
According to the report titled ‘Injectable Drug Delivery Devices Market Insights, Competitive Landscape and Market Forecast-2026’, available with Market Study Report LLC, worldwide injectable drug delivery devices market is anticipated to grow substantially during 2018-2026.
Rising occurrence of chronic diseases, growing acceptance of self-injectable products, and increasing FDA approvals are spurring the growth of injectable drug delivery devices market.
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For the unversed, injectable drug delivery systems are used widely to provide medications for ailments ranging from cancer to auto immune disorders. These systems can be traditional syringes, needle-free injectors, and auto & pen injectors.
However, major restraints to the growth of injectable drug delivery devices market are risks of cross contamination, and costly nature of advanced products.
Based on type, the market is segmented into conventional injectables, prefilled syringes, auto injectors, pen injectors, and wearable. Moving on to end users, hospitals, clinics, and home care settings are the primary users in the industry space.
The report illustrates the detailed overview of the injectable drug devices market while incorporating insights from Subject Matter Experts and Key Opinion Leaders. Apart from enlisting the growth determinants and restraints, the document identifies new prospects and enable readers to decide upon profitable investments. Further, information about industry share held by each segment, alongside their contribution towards overall remuneration over the forecast period is entailed.
Considering regional framework, market scenario in nations like Japan, the United Kingdom, France, Spain, Italy, Germany, and the United states is thoroughly scrutinized.
Moving on to competitive landscape, Teva Pharmaceutical Industries Ltd., Becton Dickinson & Company (BD), Baxter International Inc., Pfizer Inc., B. Braun Melsungen AG, Eli Lilly & Company, Gerresheimer AG, Schott AG, and Ypsomed Holding AG are catering in injectable drug delivery devices market globally.
These industry colossuses are focusing on constant research & development for expanding their product & service portfolio, while also undertaking strategic partnerships and acquisitions in order to multiply their profit returns and improve their market position.