Wearable Injectors Market 2025 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: LS25033101 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of the wearable injectors
market was estimated to be USD 8.1 billion in 2023 and is projected to grow at
a CAGR of 10.4% during the forecast period. Wearable injectors are used as a
tool for self-monitoring tools in addition to medical dispensers. Increasing
geriatric population and rising prevalence of chronic diseases are driving
growth in the market significantly. Increasing growth in the cases of needle
stick injuries is driving the demand in the market significantly.
With increasing global population, the cases of diabetes, cancer, cardiovascular diseases, and autoimmune diseases are significantly growing in the market. Growth in biologics and high-viscosity drugs requiring precise and sustained delivery also fuels the market growth. Growing preference for self-administration and home-based treatments to improve patient convenience and compliance is the key factor behind the market growth.
Growth Drivers
The aging population is driving demand for easy-to-use,
home-based drug administration solutions. Expanding reimbursement coverage for
wearable injectors in key markets is significantly driving growth in the
market. Increase in biologic drug approvals requiring specialized delivery
systems. Rising geriatric population which is more disease-prone and is
suffering from chronic diseases like cancer, cardiac arrest, and auto-immune
diseases are driving growth in the market significantly.
Partnership of pharmaceutical companies with device
manufacturers to develop customized solutions is the need of the time.
Innovations in micro-needle technology, electromechanical injectors, and
on-body devices for painless drug administration are driving growth in the
market significantly. rising demand for round-the-clock monitoring, increasing
concern over the hazards related to needle stick injuries, and technological
developments in wearable injectors. The increasing number of cases of chronic
diseases like cancer, diabetes, and autoimmune disease is rapidly growing,
which is significantly contributing to the market growth.
Segmentation
Wearable
Injectors Market on the basis of type
·
On-body
·
Off-body
Wearable
Injectors Market on the basis of technology
·
Spring-based
·
Motor-driven
·
Rotary pump
·
Expanding battery
·
Other
Wearable
Injectors Market by Application
·
Oncology
·
Infectious disease
·
Cardiovascular disease
·
Autoimmune disease
·
Immunodeficiency
·
Others
Wearable
Injectors Market End-user Segmentation
·
Hospitals
·
Clinics
·
Home care
·
Others
By Region
·
Asia-Pacific
·
North America
·
Middle East and Africa
·
Latin America
·
Europe
Wearable
Injectors Market End-User Segmentation
On the basis of end-user, the wearable injectors market is segmented into hospitals, clinics, home care, and others. Hospitals are the leading segment in the market and are expected to dominate during the forecast period. Hospitals handle severe and complex cases, requiring controlled drug administration. Post-surgical and chronic disease patients benefit from continuous drug delivery in hospital settings.
Oncology, auto-immune disorder, and rare disease
treatment rely heavily on hospital-based wearable injectors. Hospitals are
well-equipped with all the required facilities and trained professionals to
ensure proper use of injectors, reducing the risk of incorrect dosage.
Increasing concerns to hazard related to needle stick is driving growth in the
market significantly.
Hospitals provide real-time monitoring of patients, and
due to the adoption of advanced drug delivery technologies, including
connected, IoT-enabled wearable injectors.
Investment in smart healthcare systems promotes
automated and patient-friendly injection devices. Training provided at the
hospitals prepares the patients for self-administration at home.
Home-Care settings segment holds a significant share of
the market, and is driven by convenience of self-care administration,
cost-effectiveness, and the desire to minimize hospital visits. Wearable
injectors facilitate self-administration, offering greater flexibility and
independence in managing treatments in case of chronic diseases. Home care is
gaining traction, clinics, and hospitals continue to utilize wearable
injectors, especially for patients requiring supervised administration.
Wearable
Injectors Market by Application
On the basis of the application, the Wearable Injectors
Market is segmented into Oncology, Infectious disease, Cardiovascular disease, Autoimmune
disease, Immunodeficiency, and others. Oncology is the leading segment in the
wearable injectors market based on application. The high prevalence of cancer,
increasing adoption of targeted biologics, and the need for frequent, long-term
drug administration drive the dominance of this segment. Wearable injectors are
particularly useful for chemotherapy, radiotherapy, immunotherapy, and targeted
therapies. Increasing number of diabetes patient in all over the world are
driving growth in the market. Increasing geriatric population in all over the
world is driving growth in the market significantly.
Cardiovascular diseases, and Autoimmune diseases are
also growing due to advancements in biologics and self-administration trend.
For cardiovascular diseases, the wearable injectors are valuable for delivering
medications, that require consistent dosing or large volume. Conditions such as
heart failure, and pulmonary hypertension is managed easily through wearable
injections. It manages the high cholesterol, and reduce the risk of heart
attack.
Regional
Outlook
On the basis of the regions, the wearable injectors market
is segmented into 5 parts: Asia-Pacific, North America, Latin America, the
Middle East and Africa, and Europe. North America is currently the leading
region in the market due to high adoption of biologics and a strong presence of
key players. The U.S. has a large number of biologic drug approvals requiring
specialized delivery systems. Well-established hospitals in the region,
specialty clinics, and home healthcare services are the key factor behind the
growth in the region. Increasing number of patients suffering from chronic
diseases like cancer, autoimmune diseases, diabetes, and cardiovascular
disease.
Europe is the second leading region in the wearable injectors market due to well-established healthcare infrastructure in Western Europe, especially in countries like Germany, Spain, Italy, and the Nordic region. The increasing geriatric population in the region is the key factor behind the significant growth in the market. This is attributable to the rising prevalence of chronic & lifestyle-related diseases and the presence of sophisticated healthcare infrastructure. Presence of key players in the region is the factor behind the growth in the market.
The Asia-Pacific region is the fastest-growing market
due to rapidly increasing population and patients suffering from chronic
diseases like cancer, autoimmune diseases, diabetes, and cardiovascular
diseases. Demand for cost-effective medical treatment is growing. Increasing
investment in biotechnology. Local biopharma companies are expanding their
wearable injector portfolios.
Key Players
·
BD
·
Johnson & Johnson Services, Inc.
·
F. Hoffmann-La Roche Ltd.
·
Unilife Corporation
·
Steady Med Therapeutics, Inc.
·
Amgen Inc.
·
Insulet Corporation
·
Enable Injections
·
West Pharmaceutical Services, Inc.
·
CeQur Simplicity
· Other Players