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The global autoinjectors market is projected to reach USD 104.9 billion by 2025 from USD 46 billion in 2020, at a CAGR of 17.9% from 2020 to 2025.
Market growth is largely driven by the growing prevalence of targeted therapies, the rising incidence of anaphylaxis, rising preference for self-administration of drugs, usability advantages, the increasing number of regulatory approvals, the availability of generic versions of autoinjectors, favorable reimbursements and government support, and technological advancements. The patent expiry of biologics is also expected to provide growth opportunities for players in the market.
On the other hand, the preference for alternative routes of drug delivery such as oral diabetic agents and nasal epinephrine sprays is expected to limit the adoption of autoinjector devices.
There has, for instance, been a marked rise in the number of younger people wishing to wave goodbye to city living and head to the country where, provided internet connectivity is robust, working from home can become a long-term reality.
Then there’s an even larger number of middle-aged folks, aged 55 and above, who appear taken with the idea of ‘winding-down’ and doing perhaps 2-3 days’ work a week (from home), giving them time to start addressing a host of other ambitions. Many people have given such matters plenty of thought, almost as though they’ve spent a large proportion of their enforced lockdown time mulling over what they want to do with the rest of their lives.
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During the depths of the pandemic this year, when lockdowns and shutdowns were bing imposed across the world in the desperate fight against the coronavirus, the coronavirus situation seemed about as bleak as it could possibly be.
In the dark days of the spring, when it appeared we might be facing a worldwide depression and hundreds of millions dead across the globe, it seemed implausible at best to even begin to imagine that there would be a vaccine ready to go before the close of this terrible year.
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