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The injectable drug delivery devices market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 10%, as per The Business Research Company’s market report!

Read More On The Injectable Drug Delivery Devices Market Report 2022 – https://www.thebusinessresearchcompany.com/report/injectable-drug-delivery-devices-global-market-report

The Injectable Drug Delivery Devices Market Size In 2022 And Forecast
The global injectable drug delivery devices market grew from $34.49 billion in 2021 to $38.03 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The injectable drug delivery devices market is expected to grow to $55.89 billion in 2026 at a compound annual growth rate CAGR of 10.1%.

The injectable drug delivery devices market consists of sales of conventional syringes, needle-free injectors, auto-injectors, and pen injectors.

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Increased The Demand For Self-Injectable Devices Is Driving The Growth Of The Injectable Drug Delivery Devices Market
Self-injection devices are medical devices that can be used by the patient in-home setting for self-administration of the medication. Self-injection devices include needle-free, auto, pen, and wearable injectors. These self-injectables were developed to provide the most adaptable device which has a high precision of drug delivery and is easy to use. In addition, with the innovations in self-injectable devices, the acceptance of these products has increased over the past few years. BD Physioject is a disposable auto-injector, manufactured by Becton, Dickinson, and Company, which is clinically proven, reliable, and cost-effective specifically designed for self-injection of drugs by patients suffering from chronic diseases, including rheumatoid arthritis, multiple sclerosis, asthma, and osteoporosis. The other companies currently involved in the self-injections market include Abbvie, Inc., 3M, Baxter, Gerresheimer AG, Pfizer Inc, and more. The advantages of self-injectable injections and increasing awareness of self-administration have increased the demand for self-injectable devices and will drive the injectable drug delivery devices market during the forecast period.

Competitive Landscape And The Regional Analysis Of The Injectable Drug Delivery Devices Market
Major players in the injectable drug delivery devices market are Becton, Dickinson and Company, Gerresheimer AG, Eli Lilly and Company, Pfizer Inc, Teva Pharmaceutical Industries Ltd, Schott AG, Baxter International, Owen Mumford, Mylan N.V., and Sanofi.

Additionally, as per TBRC’s research – North America was the largest region in the injectable drug delivery devices market in 2021 holding the largest market share.

The Injectable Drug Delivery Devices Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the injectable drug delivery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the injectable drug delivery devices market.

Manufacturing Of Auto-Injectors – A Key Trend In The Injectable Drug Delivery Devices Market
The companies in injectable drug delivery devices are increasingly focusing on the manufacturing of auto-injectors. The auto-injectors are fully automated, highly customized, and reusable injectors that can be used by a patient to perform hundreds of injections. Patients can control the speed of dose delivery to help minimize pain or discomfort during injection. These devices can adjust the speed and depth of the automatic injection.

Injectable Drug Delivery Devices Market Segmentation By The Business Research Company

1) By Type: Conventional Injectable, Pre-filled Syringes, Auto-injectors, Pen-injectors

2) By Application: Autoimmune Diseases, Hormonal Disorders, Oncology, Orphan Diseases, Pain Management, Respiratory Therapy, Other Applications

3) By End User: Hospitals And Clinics, Home Healthcare Settings, Pharmaceutical And Biotechnological Companies, Research Laboratories, Other End Users

Here Are Some Reports Related To The Injectable Drug Delivery Devices Market –

Wearable Injectors Global Market Report 2022

Drug Delivery Devices Global Market Report 2022

Autoinjectors Global Market Report 2022

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