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Subcutaneous Drug Delivery Market Analysis| Coherent Market Insights

The global subcutaneous drug delivery market is expected to grow for CAGR of 9.7% over the forecast period.

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Subcutaneous Drug Delivery Market Analysis| Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. SUBCUTANEOUS DRUG DELIVERY MARKET ANALYSIS Subcutaneous Drug Delivery Market,byUsability (Disposable and Reusable), by Disease Indication (Auto-immune Disorders, Neurological Disorders, Oncology Disorders, Hormonal Disorders, Allergy and Infectious Disorders, Ophthalmic Disorders, and Others), by Delivery Type (Prefilled Syringe, Autoinjector (Spring Type, Motorized Type, and Wearable Type), Prefilled Pen (Disposable and Reusable), Vial (Syringe), and Pump and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  3. The global subcutaneous drug delivery market size is estimated to be valued at US$ 9,111.6 million in 2020 and is expected to exhibit a CAGR of 9.7% over the forecast period (2020-2027). Growth Strategies • Increasing focus of manufacturers on adoption of inorganic growth strategies such as collaboration and partnership, in order to strengthen their product portfolio of subcutaneous drug delivery systems is expected to drive the market growth over the forecast period. For instance, in October 2017, EVER NeuroPharma GmbH acquired PHARMAGEN CZ s.r.o, a company that specializes in injectable segment, located in Slovakia, Europe. • Through this acquisition, EVER expanded its market presence in Europe and leveraged its specialty injectable portfolio.

  4. Figure 1. Global Subcutaneous Drug Delivery Market Share (%), by Usability, 2020

  5. Market Growth Needlestickinjuries with injection needles and lancing devices are a key concern of patients with diabetes. Insulin syringe needlestick injuries is a percutaneous wound injury caused by the needle tips and can occur while using, handling, disassembling or disposing needles and syringes. Increasing awareness regarding safety and concern about needlestick injuries are major factors driving growth of the subcutaneous drug delivery market. Preference for safety injection devices is increasing among healthcare professionals and manufacturers, as these devices decrease the chances of needlestick injuries. For instance, WHO recommended the use of safety syringes with sharp injury protection (SIP) in order to prevent needlestick injuries. Moreover, in May 2017, Innovative Neurons LLC announced its plan to commercialize its patented auto retractable multi-needle syringe known as FAST (fast, accessible, safe, and technology), to decrease needlestick injuries. In 2016, Nipro Medical Corporation launched 'SafeTouch' safety needle, which protects patients from needlestick injuries.

  6. Market Restraints • The unavailability of approved products due to increasing number of product recalls by various developers is a factor hindering growth of the global subcutaneous drug delivery market. For instance, on May 18, 2020, Bausch & Lomb UK Limited announced a recall of Emerade 500 microgram auto-injectors, owing to error in one component of auto injector, which caused the failure to activate the pen and deliver adrenaline drug. Moreover, in April 2018, Becton Dickson and Company announced recall of PosiFlushHeaparin Lock Flush Syringe and Prefilled normal saline syringe, owing to contamination with Serratiamarcescens bacterium.

  7. In March, 2017, Mylan N.V. and its manufacturing partner for EpiPen Auto-injector voluntary recalled the EpiPen and EpiPenJr auto-injectors distributed in the U.S. and markets in Europe, Asia, North, and South America in consultation with the U.S. Food and Drug Administration (FDA). The recall was initiated as a result of the failure of the device to activate in emergency due to a potential defect.

  8. Impact of Coronavirus (Covid-19) Pandemic • Following the outbreak of COVID-19 in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus (COVID-19) has resulted in more than 5 million infected individuals worldwide as of June 2020. • COVID-19 can affect the economy in three main ways; by directly affecting the production and demand; by creating disruptions in distribution channels; and by its financial impact on firms and financial markets. Supply chain and manufacturing activities in India, China, and the U.S. are being disrupted due to global lockdown while many countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of drugs from one place to another.

  9. The stockpiling of subcutaneous or oral formulations due to the lockdown may cause a spike in demand for certain products. According to an article published in the Center for Biosimilars (American Journal of Managed Care), on February 27, 2020, manufacturers such as Novartis AG who have manufacturing facilities in Austria, Europe, are particularly at risk on the supply side. • Thus, the impact of the coronavirus (COVID-19) pandemic is expected to limit growth of the global subcutaneous drug delivery market during the forecast period. • Initiatives by companies to make autoinjectors available to patients suffering from anaphylaxis and other disease conditions are driving growth of the North America subcutaneous drug delivery market. For instance, Mylan N.V. provides discount cards to epinephrine buyers, and offers discount of up to US$ 300 on the branded version of EpiPen and up to US$ 25 off on the approved generic version of EpiPen. Manufacturers are focused on combatting the product shortage issue in the region. For instance, in August 2018, Kaleo confirmed sufficient availability of AUVI-Q for anaphylaxis treatment.

  10. Figure 2. Global Subcutaneous Drug Delivery Market Value Share (US$ Mn), by Region, 2020

  11. Competitive Section Major players operating in the global subcutaneous drug delivery market include Becton Dickinson and Company, Novo Nordisk A/S, Johnson & Johnson, Sanofi S.A., Novartis International AG, Amgen, Inc., Teva Pharmaceutical Industries Ltd., F. Hoffmann-La Roche AG, Consort Medical plc, Eli Lilly and Company, and Merck & Co., Inc., Novartis International AG, Insulet Corporation, West Pharmaceutical Services, Inc., and Gerresheimer AG.

  12. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/subcutaneous-drug-delivery-market-2933

  13. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  14. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  15. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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