Injectable Drug Delivery Market Size , Share , Trends , Analysis and Forecasts To 2022
The Global Injectable Drug Delivery Market accounted for $ 26.8 billion in 2014 and is expected to grow at a CAGR of 13.9 % to reach $ 76.1 billion by 2022 . The factors driving the injectable drug delivery market include rising incidences of chronic diseases , technological advancements and increase in demand for self injection devices . Chronic disease rates are increasing at 14 % each year . In 2012 , 63 % of the deaths across the world were due to chronic diseases . However , factors such as needlestick injuries are inhibiting the market growth . According to World Health Report 2002 , more than 35 % of Hepatitis B , around 40 % of Hepatitis C and about 4 % of HIV / AIDS in Health-Care Workers around the world are due to needlestick injuries . Lack of access to or failure to use appropriate personal protective equipment can cause needlestick injuries .
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Acceptance of auto-injectors under insurance reimbursement by governments is further encouraging patients to switch from manual injections and prefilled syringes to auto-injectors , thereby boosting the market for auto-injectors . North America commanded the largest share dominated by the the United States in 2014 . The Asia Pacific market is expected to exhibit the highest CAGR during the forecast period . The high incidence of target diseases such as diabetes in promising economies such as China and India is one of the significant market driver . In Asia Pacific , China and India are anticipated to be the fastestgrowing injectable drug delivery markets . High prevalence of anaphylaxis in New Zealand and Australia is one of the major factors to fuel the growth of auto-injectors market during the forecast period in the region .
Some of the prominent players in injectable drug delivery market include Baxter International Inc ., Becton Dickinson & Company , Eli Lilly and Company , Novo Nordisk , Terumo Corporation and Elcam .
Types of Injectable Drug Deliveries Covered : Auto injectors Pen Injectors Needle-Free Injectors Prefilled Syringes Safety Syringes
Application Types Covered : Autoimmune Diseases Anaphylaxis Hematopoietic