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Key Emerging Trends in the Autoinjectors Market
More and more people are experiencing a serious allergic reaction called anaphylaxis, especially children. In a survey done by the McGill University Health Centre in 2016, it was found that around 600,000 Canadians were dealing with anaphylaxis. The study also showed that from 2011 to 2015, the number of emergency room visits due to anaphylaxis doubled from 0.20% to 0.41%. The biggest increase happened between 2013-2014 and 2014-2015. Most cases (80.2%) of anaphylaxis were caused by food, especially peanuts and tree nuts. Children who didn't get a shot of epinephrine before coming to the emergency room were more likely to need multiple doses at the hospital. With more cases of anaphylaxis happening, the need for autoinjectors is going up. There's a noticeable increase in the use of autoinjectors, showing that more people are relying on them. This means the demand for autoinjectors is expected to go up even more in the future.
Another reason why the demand for autoinjectors is going up is because of a type of cancer treatment called targeted therapy. Targeted therapy uses drugs to treat cancer, but it's different from traditional chemotherapy. It works by specifically targeting the genes, proteins, or tissues that are causing cancer to grow and survive. Around the world, there's a lot of research and development (R&D) happening with autoinjectors, especially from smaller to mid-sized companies focusing on targeted therapies. In the Asia-Pacific region, targeted therapies for cancer are becoming more common. A survey by the Center for Disease Control and Prevention (CDC) in 2017 found that about 1.7 million people in the Asia-Pacific region were dealing with colorectal cancer. As more and more people are getting targeted therapies for cancer, the need for autoinjectors is growing because these therapies often use injections. This trend is expected to lead to the growth of the autoinjectors market.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Restricted markets everywhere, except health industries, helped the industry to survive. |
| Market Dynamics | rising awareness among patients |
Autoinjectors Market Highlights:
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