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Wearable Injectors Market Comprehensive Review of its Applications Growth Opportunities, Demand
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In terms of type, the wearable injectors market is segmented into body-worn patch injector, off-body worn belt injector and bolus injector. The bolus injector was launched in the market in 2015 and is expected to grow at the fastest rate during the forecast period.
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In terms of application, the wearable injectors industry is segmented into cancer, infectious disease, autoimmune disorder, cardiovascular disease, blood disorder and others. Some of the other application of wearable injectors include insulin pump and neulasta pump. The wearable injectors market for cancer is expected to grow at a CAGR of 42.0% during the forecast period. North America is expected to be the largest contributor to the wearable injectors industry for cancer during the forecast period. The Asia-Pacific region is expected to be the fastest growing market during the forecast period.
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Geographically, North America has been the largest market for wearable injectors, where the U.S. has been the largest contributor to the regional market during 2013 - 2015. The North American wearable injectors market is growing significantly due to increasing demand for self-injection system and rising prevalence of chronic and lifestyle-associated diseases. According to the CDC, approximately 117 million people in the U.S., i.e. about half of its adult population, experienced one or more chronic health conditions in 2012. Japan has been the major market in Asia-Pacific; whereas in Europe, Germany has been the highest revenue generator in 2015.
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