Large Volume Wearable Injectors Market Analysis

Global Large Volume Wearable Injectors Market Segmentation

The global large-volume wearable injectors market is segmented and analyzed for demand and supply by product type into on-body, off-body, and handheld wearable injectors. Out of the three types of products, the on-body segment is estimated to gain the largest market share in the year 2037. The growth of the segment can be attributed to the rising adoption of technologically advanced products along with rising development in wearable AI technology. Wearable AI technology comprises real-time health monitoring sensors to provide health data and other health parameters to assist healthcare providers and patients in making quick and necessary decisions. AI in healthcare is being more prevalent owing to its accuracy and convenience. For instance, in 2021, approximately 9% of healthcare organizations were observed to be using AI models. The segment growth is also supported by rising initiatives and funding to develop medical technologies across the globe. Hence, all these factors are projected to propel the growth of the segment over the forecast period.

The global large-volume wearable injectors market is also segmented and analyzed for demand and supply by therapeutic areas into cardiovascular disorders, infectious diseases, neurological disorders, oncological disorders, and others. Amongst these segments, the oncological disorders segment is expected to garner a significant share in the year 2037. The growth of the segment can be attributed to the higher utilization of wearable injectors in collecting cancer cells from patients’ cells and spiking instances of cancer across the globe. During the treatment of cancer, several drugs need to be delivered intravenously for prolonged periods, it becomes quite convenient with the help of large-volume wearable injectors since they automatically deliver drug doses at optimal times. As of 2020, around 10 million people lost their lives owing to cancer according to the data released by World Health Organization (WHO). Therefore, such a higher prevalence of cancer is projected to drive the growth of the segment over the forecast period.

Our in-depth analysis of the global large-volume wearable injectors market includes the following segments: