At 7.4% CAGR, Subcutaneous Drug Delivery Devices Market Size will reach 17,290.47 million USD by 2027

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Market Study Report has released a new research study on Subcutaneous Drug Delivery Devices Market Analysis 2019-2027 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The report also outlines the competitive framework of the Subcutaneous Drug Delivery Devices industry detailing the SWOT analysis and market share dominance of the prominent players.

The global subcutaneous drug delivery devices market is expected to reach US$ 17,290.47 Mn in 2027 from US$ 9,243.80 in 2018. The market is estimated to grow with a CAGR of 7.4% from 2019-2027.

The increased number of chronic disease prevalence around the globe, significant number of vaccination and immunization programs that incorporate the use of subcutaneous drug delivery devices for therapeutic administration, rise in the research and development of new products leading to the subsequent introduction of novel solutions and devices in the market are expected to account for the growth of the market. However, risk of infections and other diseases associated with the use of injections and syringes is likely to hamper the market growth. Research and development (R&D) is an essential and crucial part of the companys business. Pharmaceutical and medical devices companies focus on the research and development (R&D) to come up with new molecules for various therapeutic applications with the greatest medical and commercial potential. The companies invest majorly on the R&Ds with the aim of delivering high quality and innovative products to the market. R&D spending by the biopharmaceutical companies has also increased over the years.

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Key Company Profiles

  • Insulet Corporation
  • BD
  • Amgen Inc.
  • ELCAM Medical
  • Ypsomed AG
  • West Pharmaceutical Services, Inc
  • Scpharmaceuticals, Inc.
  • Wilhelm Haselmeier GmbH and Co. KG
  • Consort Medical PLC
  • Enable Injections, Inc.

According to a report of Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of the biopharmaceutical companies has increased from US$49.6 billion 2012 to US$ 58.8 billion in 2015. Also, Evonik Corporation has invested more than $50 million over the last 4 years to advance its competencies in medical devices, and production of RESOMER polymers for drug delivery and bio-reabsorbable medical devices. Thus the growing R&D expenditure drives the subcutaneous drug delivery systems market during the forecast period.

Some of the major primary and secondary sources included in the report for the subcutaneous drug delivery devices Market are the World Health Organization, Organization For Economic Co-Operation And Development, Centers for Disease Control and Prevention, National Health Services, National Center for Biotechnology Information, Japan Chronic Disease Self-Management Association, Council Of Scientific And Industrial Research, and others.

The global subcutaneous drug delivery devices market, based on the technology was segmented into syringes, pens, patches and others. In 2018, the syringes segment held the largest share of the market, by technology. However, the patches segmented is anticipated to witness fastest growth in the subcutaneous drug delivery devices market, based on technology. In the recent years, the increasing use of single-use syringes have helped to successfully reduce the rates of cross contamination thereby propelling the growth of syringes in the subcutaneous drug delivery devices market in the coming years.  

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TABLE OF CONTENTS

1. Introduction

2. Global Subcutaneous Drug Delivery Devices Market –  Key Takeaways

3. Research Methodology

4. Global Subcutaneous Drug Delivery Devices- Market Landscape

5. Global Subcutaneous Drug Delivery Devices Market –  Key Industry Dynamics

6. Subcutaneous Drug Delivery Devices Market – Global Analysis

7. Subcutaneous Drug Delivery Devices Market Analysis And Forecasts To 2027 – Technology

8. Subcutaneous Drug Delivery Devices Market Analysis And Forecasts To 2027 – Syringe Type

9. Subcutaneous Drug Delivery Devices Market Analysis And Forecasts To 2027 – Distribution Channel

10. Subcutaneous Drug Delivery Devices Market Revenue and Forecasts to 2027 – Geographical Analysis

11. Asia Pacific Subcutaneous Drug Delivery Devices Market Revenue and Forecasts to 2027

12. Middle East & Africa Subcutaneous Drug Delivery Devices Market Revenue and Forecasts to 2027

13. South and Central America Subcutaneous Drug Delivery Devices Market Revenue and Forecasts to 2027

14. Subcutaneous Drug Delivery Devices Market – Industry Landscape

15. Subcutaneous Drug Delivery Devices Market –  Key Company Profiles

15.1 Insulet Corporation

15.2 BD

15.3 Amgen Inc.

15.4 ELCAM Medical

15.5 Ypsomed AG

15.6 West Pharmaceutical Services, Inc

15.7 Scpharmaceuticals, Inc.

15.8 Wilhelm Haselmeier GmbH and Co. KG

15.9 Consort Medical PLC

15.10 Enable Injections, Inc.

16. Appendix

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The post At 7.4% CAGR, Subcutaneous Drug Delivery Devices Market Size will reach 17,290.47 million USD by 2027 appeared first on America News Hour.