Cancer to be the largest application area of the Wearable Injectors Market in the near future

wearable injectors

A wearable injector is a device used for delivering large volume of drugs over an extended time period. It delivers large subcutaneous drug doses to patients, even when the patient is ambulatory and can carry out normal daily activities during drug delivery.

Based on type, the global wearable injectors market has been segmented into body-worn patch injector, off-body worn belt injector and bolus injector. The bolus injector segment, though introduced in 2016, is expected to witness the highest growth during the forecast period, owing to its ability to treat various diseases such as cancer, auto-immune disease, infectiuos disease, cardiovasulcar disease and blood disorder.

Based on application, the global wearable injectors market is segmented into cancer, infectious disease, autoimmune disorder, cardiovascular disease, blood disorder and others. Cancer is expected to be the largest application area of the global wearable injectors market during 2016 – 2024. Homecare, hospital, lab and diagnostics are the key end users of wearable injectors. Homecare was the largest end user segment of the global wearable injectors market in 2015. Homecare setup is convenient and improves quality of life of the patient, as it reduces patient’s visits to the hospital. High prevalence of chronic diseases, increasing demand for self-injection system and growing geriatric population are the key drivers for the growth of the global wearable injectors market for homecare.

North America was the largest region for body-worn patch injector in 2016, and is expected to grow at a CAGR of 7.3%, during the forecast period. The North American wearable injectors market is growing 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.

 

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