The growing prevalence of anaphylaxis and surging aging population are two of the key factors responsible for the growth of the auto-injectors market. The market is predicted to advance at a CAGR of 18.6% during the forecast period (2017–2023).
An auto-injector is a medical device used for injecting a particular dose of drugs in patients. Most of the auto-injectors are spring-loaded syringes, designed for the safe dispensation of drugs with ease. Based on product, the auto-injectors market is bifurcated into prefilled and fillable injectors.
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Of these, during the historical period (2013–2016), the prefilled bifurcation led the auto-injectors market, and it is expected to maintain its dominance during the forecast period. The reason behind its rapid growth is that prefilled auto-injectors are user-friendly and available in a disposable form. These allow self-administration of several newly introduced drugs that need to be injected at a pre-determined depth. Furthermore, some biological drugs do not contain preservatives and are packed in a significant volume for a single dose, which further gives rise to the use of the liquid-stable formulation.
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As per the Asthma and Allergy Foundation of America (AAFA), a sudden allergic reaction that affects two or more organs, such as the lungs, skin, heart, and stomach, is termed as anaphylaxis. It has been observed that anaphylaxis is more common in the U.S. and found in one out of every 20 Americans. Two of the key causes of anaphylaxis include insects and consumption of foods and medicines the body is allergic to. In developing and developed nations, the incidence of food-related anaphylaxis is increasing, which, in turn, is resulting in the growth of the auto-injectors market.
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Thus, it can be concluded that the increasing number of biologic drug therapies and surging prevalence of anaphylaxis are contributing to the growth of the market.
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