Wearable Injectors Market Scope
Wearable injectors abbreviated as WIs, are the drug or vaccine delivery systems operates through adhering the body for monitoring the larger volumes (more than 2 mL) of drug subcutaneously over a longer time period. The WIs releases the huge volume of the viscous medication with the offering patients the freedom. These single-use systems can be worn on the body while maintaining the comfort of the user and promote the patient compliance thereby reducing the overall burden on healthcare services. The wearable injectors acts as excellent alternative for delivering the drugs, when oral route is not advised, shifting preference to intravenous (IV), intramuscular (IM), and/or subcutaneous (SC) injection. These delivery system has gained huge attention in the healthcare sector, as anew class of drug delivery platform. Disadvantage associated with the traditional drug delivery, with ground breaking advances in pharmaceutical sector has created inclination of the major pharmaceutical and medical delivery system manufacturer to develop a portable and wearable delivery device.
The Wearable Injectors market study is segmented by Type (Body-worn patch injectors and Off-body worn injectors) and major geographies with country level break-up.
The market is highly competitive due to pre-market approval required to market the product. However, ongoing development in the drug delivery system attracts new players. Research Analyst at AMA estimates that Players concentration is mainly in United States Players will contribute to the maximum growth of Global Wearable Injectors market throughout the predicted period.
BD (United States), Subcuject Aps (Denmark), Ypsomed AG (Switzerland), Insulet Corporation (United States), Amgen Inc. (United States), Tandem Diabetes Care, Inc. (United States), West Pharmaceutical Services (United States), CeQur SA (Switzerland), Eitan Medical (Israel), Sensile Medical AG (Switzerland), INQUEST SCIENCE (United States), Unilife Corporation (United States) and Phillips-Medisize - a Molex Company (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bühler Motor GmbH (Germany) and Steadymed Therapeutics (Israel).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Wearable Injectors market by Type, Application and Region.
On the basis of geography, the market of Wearable Injectors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In February 2021, the Phillips-Medisize, a Molex company, a manufacturer of drug delivery, diagnostic products signed an agreement with the Subcuject, a Danish proprietary device platforms provider for wearable bolus injector. With this agreement, the On-Body Delivery System technology, is available for the next stage of drug-specific wearable injector solution development after the Subcuject's intellectual property filing. and In January 2021, Eitan Medical, advanced infusion therapy provider and drug delivery solutions unveiled upgrade of the Sapphire infusion pump system software Rev15. The Sapphire is the US Food and Drug Administration (FDA) 510(k) approved infusion pump system inclusive of infusion pump, administration sets and accessories. The Sapphire infusion system is used across the U.S. within alternate sites, homecare markets, emergency medical services (EMS) and hospitals.
In November 2020, Tandem Diabetes Care, US based company received approval from the Health Canada for the t:slim X2 insulin pump with Control-IQ technology. The product was previously launched in the United States.
Market Trend
- Ongoing demand for home healthcare solution
Market Drivers
- Growing demand for portable and self-injection device
- Rise in prevalence of chronic medical condition
- Growing Prevalence of Targeted Therapies
Opportunities
- Ongoing research and development activities and clinical trials for wearable injector
- Strong Product Pipeline
Challenges
- Higher penetration of traditional fluid injection
- Lack of trained patients for appropriate use of wearable injectors
Key Target Audience
Manufacturers of wearable injectors