Global Self-Injections market growth 2024, Forecast To 2033
4 Mar, 2024
The self-injections market size has experienced exponential growth, surging from$50.72 billion in 2023 to$63.54 billion in 2024, with a compound annual growth rate (CAGR) of 25.3%. The growth in the historic period can be attributed to rising chronic diseases, improved patient empowerment, regulatory support, preference for home healthcare, and cost-effectiveness. Looking forward, the self-injections market is expected to see exponential growth, reaching$147.24 billion in 2028, with a compound annual growth rate (CAGR) of 23.4%. This growth in the forecast period can be attributed to the pandemic impact and remote treatment, expansion into emerging markets, patient-centric healthcare, advantages in drug delivery, and personalized medicine trends. Major trends in the forecast period include smart technology integration, rise in biologics usage, miniaturization and wearable devices, enhanced safety features, and adoption of autoinjectors.
Global Self-Injections Market Key Driver
The burgeoning population of diabetic patients is set to propel the growth of the self-injections market. Diabetes, a chronic condition characterized by insufficient insulin production, necessitates regular blood sugar management. Self-injections offer diabetic patients a convenient means of administering insulin and medications to regulate blood sugar levels. The International Diabetes Federation reported a significant rise in the diabetic population, projecting an increase to 643 million by 2030 and 783 million by 2045. Thus, the escalating prevalence of diabetes underpins the growth of the self-injections market.
Get A Free Sample Of The Global Self-Injections Market ReportGlobal Self-Injections Market Segments
The global self-injections market covered in this report is segmented –
1) By Type: Devices, Formulations
2) By Route Of Administration: Skin, Circulatory or Musculoskeletal, Organs, Central Nervous System
3) By Dosage: Single Dose, Multi Dose
4) By Application: Autoimmune Diseases, Hormonal Disorders, Oncology, Orphan Diseases, Pain Management, Respiratory Therapy, Other Applications
5) By Distribution Channel: Hospitals Pharmacies, Clinics, Chemist, Online Pharmacies
By Geography: The regions covered in the self-injections market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the self injections market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the self-injections market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Self-Injections Industry Players
AbbVie Inc., Antares Pharma Inc., Baxter International Inc., Bayer AG, Becton Dickinson and Company, Bristol-Myers Squibb Company, Credence MedSystems Inc., Dali Medical Devices Ltd., Eli Lilly and Company, Enable Injections Inc., Gerresheimer AG, Insulet Corporation, Merck & Co. Inc., Owen Mumford Limited, PenJet Corporation, Pfizer Inc., PharmaJet Inc., Recipharm AB, Schott AG, Scintilla Pharmaceuticals Inc., SHL Group.Limited, Terumo Corporation, West Pharmaceutical Services Inc., Wilhelm Haselmeier GmbH & Co. KG, Ypsomed Holding AG, APTAR PHARMA INDIA PVT LTD, Bespak Europe Ltd., Bioject Medical Technologies Inc., Catalent Inc., Crossject SA, Injex Pharma AG, Medeca Pharma AB, Medimop Medical Projects Ltd., Mylan N.V., Nemera Development S.A., Noble Medical Inc.
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Self-Injections Market Overview
Self-injection refers to a device used for the act of injecting oneself. Self-injections enable patients and users to administer medicines and drugs that need to be injected into them by themselves without the need for a physician or a medical professional.
Self-Injections Global Market Report 2023 provides data on the global self-injections market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The self-injections market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.