The geriatric population around the world is growing at a swift pace; as per the World Health Organization (WHO), the number of people aged 65 years or above across the globe is projected to double from 703 million to 1.5 billion between 2019 and 2050. The WHO has also stated that the rate at which the aging population is growing has quickened in the past few years. Since the aging population is more susceptible to several chronic diseases, it often needs medical intervention. One such device, which is used for medical intervention, is a wearable injector.
Wearable injectors are devices which deliver a large volume of drugs over an extended period of time. These delivery systems administer large subcutaneous (through the skin) drug doses to patients, even if the patient is ambulatory. Additionally, the patient is fully capable of carrying out normal daily activities during the delivery of the drug. As per a P&S Intelligence report, the global wearable injectors market is predicted to grow at a considerable pace in the coming years. There are three types of wearable injectors, namely bolus injector, body-worn patch injector, and off-body worn belt injector. Out of these, the demand for bolus injectors is expected to grow at the fastest pace in the near future.
When the geographical scenario is taken into consideration, North America has been the most productive wearable injectors market in the past. The reasons for this are the surging prevalence of chronic and lifestyle-associated diseases, growing requirement for self-injection and advanced drug delivery systems in the region. With the focus increasing focusing on reducing patients’ stay at the hospital and decreasing the healthcare cost, manufacturers are engaging in developing advanced drug delivery devices. Among these, wearable injectors have emerged as one of the most suitable solutions for people suffering from chronic diseases and aged people.
Therefore, with an increasing number of people contracting various diseases and the demand for constant and regulated drug delivery increasing, the usage of wearable injectors would also rise.
Read more: https://www.psmarketresearch.com/market-analysis/wearable-injectors-market
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