Auto-Injector Market Trends

Growth Drivers

• Growing Popularity of Biosimilars and Biologics- Biological pharmaceuticals and biosimilar medications are generally brittle proteins that require the use of auto-injectors to raise the medication's therapeutic value.
• Surging Phobia from Needles- Many people are afraid of needles and the agony that comes with injection sites therefore, for certain patients, using a small needle auto-injector can make administering medication easier which is intended to simplify, facilitate, and ease the injection process.
• Increasing Regulatory Approvals- For instance, in May 2023, the U.S. Food and Drug Administration (FDA) approved the Cyltezo Pen which is recommended for patients who might like using an auto-injector to provide the medication required to control several chronic inflammatory illnesses.
• Spiking Prevalence of Diabetes- Insulin jet injectors are a reliable method of delivering insulin that may even be more efficient than others for diabetics without the need for a needle by using a high-pressure air mechanism to eject a tiny mist of insulin through the skin. According to estimates, diabetes affected over 535 million people globally in 2021, and by 2045, that figure is predicted to rise to more than 780 million people.
• Increasing Usage in Pediatric Population- A major development in pediatric medicine is the availability of an epinephrine auto-injector designed specifically for the needs of infants and toddlers that has grown in popularity for the prehospital management of severe allergic responses.

Challenges

• Presence of Alternative Modes for Administrating Drugs - Medication administration techniques vary widely and are frequently categorized based on the site of administration, such as intravenous or oral out of which the oral administration is the recommended method for most prescribed medications. This, as a result, may limit the demand for auto-injectors.
• Growing Fear of Needles May Limit the Adoption of Auto-injectors
• Creating an auto-injector that can accommodate varied injection rates and volumes while maintaining safety and accuracy is a challenge.