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

According to The Business Research Company’s Injectable Drug Delivery Devices Global Market Report 2024, the injectable drug delivery devices market is expected to show promising growth in the forecast period.

Understanding Market Dynamics

The injectable drug delivery devices market has witnessed robust growth in recent years, with notable projections for the future. Several factors have contributed to this upward trend:

• Rapid growth in the elderly population
• Expansion of healthcare facilities
• Increased healthcare expenditure
• Growth in biologics usage
• Rising awareness of self-administration

Current Market Size and Projections

• In 2023, the market size reached $43.54 billion
• Expected growth to $47.46 billion in 2024 at a CAGR of 9.0%
• Forecasted to reach $61.78 billion in 2028 with a CAGR of 6.8%

Factors Driving Future Growth

• Increasing prevalence of chronic diseases
• Rising demand for injectable drugs
• Emergence of severe infections
• Numerous drugs and vaccines in clinical trial stages

View More On The Injectable Drug Delivery Devices Market Report 2024 – https://www.thebusinessresearchcompany.com/report/injectable-drug-delivery-devices-global-market-report

Key Trends to Watch

In the forecast period, several trends are expected to shape the market landscape:

1. Microneedle-based drug delivery systems
2. Research and development of self-injectable devices
3. Manufacturing wearable devices
4. Needle-free injection system
5. Expansion of product line to prefilled syringes
6. Improvement in digital technology
7. Innovation in device manufacturing
8. Development of innovative auto-injectors

Key Players

A plethora of companies operates in this market, including:

• Becton, Dickinson and Company
• Baxter International
• Gerresheimer AG
• Braun Melsungen AG
• Catalent, Inc.
• SkyePharma PLC
• Antares Pharma
• Pfizer Inc.
• GE Healthcare
• Owen Mumford
• Catalent Pharma Solutions
• Philips
• West Pharmaceutical Services, Inc.
• Aptalis Pharma, Inc.
• Terumo Corporation
• Kedalion Therapeutics
• Amgen Inc.

Advancements In Auto-Injectors For Enhanced Injectable Drug Delivery Devices

Auto-injectors have emerged as a focal point for many companies in the market. These devices offer advanced features such as:

• Full automation
• High customization
• Reusability

Market Segmentation

The injectable drug delivery devices market is segmented based on:

1. Type: Syringes, Injectors, and Pump
2. Application: Autoimmune Diseases, Hormonal Disorders, Oncology, Orphan Diseases, Pain Management, Respiratory Therapy, and Other Applications
3. End-user: Hospitals and Clinics, Home Healthcare Settings, Pharmaceutical and Biotechnological Companies, Research Laboratories, and Other End Users

Regional Insights

North America emerged as the largest region in the injectable drug delivery devices market in 2023.

In conclusion, the injectable drug delivery devices market is poised for significant expansion driven by technological advancements, increasing healthcare needs, and a growing elderly population. With a diverse range of players and ongoing innovations, the landscape promises continued evolution and opportunities for stakeholders across the globe.

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