Asia-Pacific Autoinjectors Market Size, Share, Growth, Trends, And Forecasts (2018–2023)

Overview:

An auto-injector is a small pen-shaped device that contains a hypodermic needle administers a fixed dose of medication to patients. These devices are designed to be easy and safe administration of drugs. The auto-injector is mainly used in the treatment of anaphylaxis, rheumatoid arthritis, multiple sclerosis and other diseases.

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Asia Pacific Auto Injectors Market size was around USD 0.44 billion in 2018. It is expected to grow at a CAGR of 18.2% to reach USD 1.01 billion by 2023. 

Drivers and Restraints:

Increasing prevalence of anaphylaxis incidences, diabetes and cancer diseases across the region, growing adoption of auto-injectors in the global healthcare industries, advancement of technologies in medical sector, introduction of advanced drug delivery systems, increasing investments for R&D activities by private organizations, rising healthcare expenditure, and increasing aging population across the globe. Restraints of the market are Lack of awareness towards self-medication among the global population, stringent regulatory policies, high cost associated with auto-injectors devices.

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Geographic Segmentation

The Asia Pacific Auto Injectors market has geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is growing at the fastest rate due to the rising population, increase in chronic diseases and emerging economies like China and India.

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Major companies in the market are Mylan N.V., Pfizer, Inc., Bayer AG, Becton, Dickinson and Company, Novartis AG, Biogen Idec, Inc., Janssen Asia-Pacific Services, LLC, Sanofi, Unilife Corporation and Eli Lilly and Company.

 Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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