The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Patient Controlled Injectors Global Market Report 2023, the patient controlled injectors market is expected to show significant growth in the forecast period.

Market Overview

The patient-controlled injectors market has seen significant growth in recent years.

• 2023 Market Size: $4.01 billion.
• 2024 Forecast: Expected to reach $4.51 billion.
• CAGR: 12.5% from 2023 to 2024.

Key Drivers of Growth

• Home Healthcare Expansion: Increasing preference for at-home treatment options.
• Healthcare Infrastructure Expansion: Better access to healthcare facilities worldwide.
• Rising Diabetes Cases: Growing number of diabetes patients necessitates self-administered treatments.
• Infectious Diseases Prevalence: Higher rates of infections drive the need for reliable drug delivery methods.

Focus on Personalized Medicine: Tailored treatments are becoming more common, supporting demand for these devices.

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Future Market Projections

• 2028 Market Size: Expected to grow to $7.32 billion.
• CAGR: 12.8% from 2024 to 2028.

Drivers for Future Growth

• Aging Population: More elderly patients require convenient, self-administered treatments.
• Chronic Respiratory Diseases: Rising incidence of conditions like asthma and COPD.
• Chronic Diseases: More cases of diabetes, heart disease, and other long-term conditions.
• Cancer Cases: Increasing cancer rates globally drive demand for advanced drug delivery methods.
• Autoimmune Disorders: Rising prevalence of diseases like rheumatoid arthritis.

Emerging Trends in the Market

• Technological Advancements: Improved device functionalities, better patient outcomes.
• Artificial Intelligence Integration: Smarter injectors for personalized treatment.
• Telemedicine and Remote Monitoring: Enhanced connectivity for remote patient care.
• Advancements in Portable and Wearable Devices: More user-friendly, compact, and effective devices.
• Focus on Minimally Invasive Procedures: Reduced patient discomfort and quicker recovery times.

Chronic Diseases Driving Market Growth

• Increase in Chronic Diseases: More patients need ongoing, precise medication.
• Causes:
  • Aging populations.
  • Obesity epidemic.
  • Socioeconomic factors.
  • Environmental exposures.
• Role of Patient-Controlled Injectors:
  • Enable self-administration with precision.
  • Allow patients to stick to their treatment plans more easily.
  • Example: The NCBI reports a projected 99.5% increase in chronic illnesses among people aged 50 and above by 2050.

Leading Companies in the Market

• Major Players:
  • Medtronic plc, Becton Dickinson and Company, West Pharmaceutical Services.
  • SCHOTT AG, Gerresheimer AG, Phillips-Medisize, Vetter Pharma-Fertigung GmbH & Co. KG.
  • Ypsomed AG, Nemera, B. Braun Melsungen AG, Elcam Medical.
  • SHL Group, AptarGroup Inc., Credence MedSystems, Sorrel Medical.

Innovations in Patient-Controlled Injectors

• Ready-to-Use Syringes:
  • Benefits: Prefilled, sterilized, reduces contamination risk.
  • Example: Ypsomed AG launched a new autoinjector platform in October 2022.
  • Key Features:
    • Ergonomic design for patient comfort.
    • Advanced safety mechanisms.
    • Visual and audible feedback for successful injections.
    • Compatibility with various viscosities.

Strategic Acquisitions

• LTS Lohmann Therapie-Systeme AG Acquires Sorrel:
  • Acquisition Date: April 2023.
  • Purpose: Expand into wearable injection technologies.
  • Impact: Strengthens LTS’s portfolio in drug delivery.
  • About Eitan Medical: Developer of innovative drug delivery devices, including patient-controlled injectors.

Geographic Insights

• Largest Region: North America led the market in 2023.
• Fastest-Growing Region: Asia-Pacific is expected to experience the highest growth during the forecast period.

The patient-controlled injectors market is poised for rapid expansion, driven by technological advancements, rising prevalence of chronic diseases, and the increasing need for personalized and convenient treatment options.

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