Autoinjectors Market Size

Autoinjectors Market Growth Projections and Opportunities

Autoinjectors are special devices used in medicine to give a dose of a drug. Most of them work like a syringe with a spring. The global market for these autoinjectors is growing because more and more people are getting older, and there is a higher demand for these devices worldwide. People are also becoming more aware of different diseases that need special treatments. But, there are strict rules and regulations that companies must follow, and sometimes, these rules can slow down the growth of the market.

From 2019 to 2024, the global market for autoinjectors is expected to grow at a rate of 17.42%. In 2018, the Americas led the market with 40.6%, followed by Europe at 30.1%, and Asia-Pacific at 22.4%.

The autoinjectors market is divided into different parts based on the type of product, how it's designed, what it's used for, where it's sold, and where in the world it's used.

When we look at the type of product, disposable autoinjectors make up the biggest part, with a share of 65.7% in 2018, worth USD 20,222.59 million. This part of the market is expected to keep growing at a rate of 17.90%. The design of these autoinjectors is important too. Customized autoinjectors have the largest share at 55.0% in 2018, worth USD 16,931.25 million. This part of the market is projected to grow at a rate of 18.13%. For what the autoinjectors are used for, the biggest part is for treating anaphylaxis, with a share of 35.0% in 2018, worth USD 10,763.20 million. This part of the market is expected to grow at a rate of 17.80%. Finally, when we look at where these autoinjectors are sold, retail pharmacies make up the largest part, with a share of 55.7% in 2018, worth USD 17,150.37 million. This part of the market is expected to grow at a rate of 17.74%.

In simple terms, more people needing medicine and growing awareness about different diseases are making the market for autoinjectors bigger. But, there are rules that companies must follow, which can sometimes slow down the growth. The disposable autoinjectors, customized designs, and those used for treating anaphylaxis are the biggest parts of the market. Retail pharmacies are the main places where these devices are sold. The market is expected to keep growing over the next few years.