Latest News- Epinephrine Autoinjector Market: 0.30gm is expected to lead the Type segment during 2024-2028

The Epinephrine Autoinjector Market is being driven by Increasing prevalence of allergies

The Epinephrine Autoinjector Market is expected to grow at a CAGR of 10.59% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2.44 billion. The US epinephrine autoinjector market is poised for growth due to increasing pressure on the Food and Drug Administration (FDA) to approve more generic alternatives. With the recent price surge of Viatriss EpiPen, government initiatives, such as those led by US Governor Margaret Wood Hassan, are encouraging the entry of new players. Companies like Bausch Health and ALK Abello, with significant European market shares, may capitalize on this opportunity. For instance, Teva Pharmaceutical Industries successfully launched the AJOVY in the prefilled YpsoMate 2 in March 2020. This market trend is expected to continue, resulting in a competitive and diverse product landscape. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • 0.30gm
  • 0.15gm
  • 0.50gm
• End-user
  • Hospitals
  • clinics
  • Homecare
• Age Group
  • 0 to 6 Years
  • 6 to 12 Years
  • Over 12 Years
• Distribution Channel
  • Online Pharmacies
  • Retail Pharmacies
  • Hospital Pharmacies
• Technology
  • Refilled Syringes Device
  • Needle-free Injectors Device
  • Multi-dose Device
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of allergies
• Rising innovations in marketing strategies by vendors
• Rise in awareness of anaphylaxis and availability of innovative epinephrine autoinjectors

However, the market also witnesses some limitations, which are as follows:

• Product recalls and regulatory issues
• High demand for substitutes of epinephrine autoinjectors in developing countries
• High cost of epinephrine autoinjector

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Market Scope in Epinephrine Autoinjector Market Research Report

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Research Analysis Overview

The Epinephrine Autoinjector Market encompasses various products such as adrenaline pens and anaphylaxis kits, which contain epinephrine vials for emergency administration during anaphylaxis. Auto-injection training is crucial for effective usage. Anaphylaxis prevention relies on allergy awareness and management programs for food, insect sting, drug, and latex allergies. Anaphylactic shock requires immediate emergency medical services intervention. Epinephrine storage, disposal, cost, accessibility, and insurance coverage are significant factors. Ongoing research and development lead to next-generation auto-injectors, wearable devices, and digital health solutions like biosimilar epinephrine and guidelines.

Market Research Overview

The Epinephrine Autoinjector market is a significant segment of the global healthcare equipment industry, specifically focusing on epinephrine delivery solutions for anaphylaxis treatment and managing allergic reactions. As a single-use emergency medication device, it falls under the consumables category within the healthcare equipment market. Technavio, a leading technology research agency, includes this market in their comprehensive analysis of the global healthcare equipment market. The healthcare equipment market encompasses various product categories, including capital equipment, instruments, implants, accessories, and consumables, used for disease diagnosis, monitoring, and treatment. The Epinephrine Autoinjector market size is determined by the combined revenue generated by manufacturers of these life-saving devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/