How is the Epinephrine Autoinjector Market expected to grow in the next five years?
NEW YORK, Jan. 7, 2024 /PRNewswire/ — The epinephrine autoinjector market size is expected to grow by USD 2.44 billion from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 10.59% during the forecast period, according to Technavio Research.
How is the Epinephrine Autoinjector Market segmented?
The market is segmented by type (0.30gm, 0.15gm, and 0.50gm), end-user (hospitals, clinics, and home care), and geography (North America, Europe, Asia, and the Rest of the World (ROW)).
Which region is expected to significantly contribute to the Epinephrine autoinjector Market?
North America is estimated to contribute 46% to the growth of the global market during the forecast period. The US and Canada are the key contributors to the market in the region. The Viatriss monopolist position on the booming US market has been facilitated by not having received approval from the FDA or strict Food and Drug Administration rules which did not even consider any alternate epinephrine autoinjector in comparison to Viatriss EpiPen.
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Who are the key players operating in the Epinephrine Autoinjector Market?
Adamis Pharmaceuticals Corp., ALK Abello AS, Amneal Pharmaceuticals Inc., Bausch Health Companies Inc., BIOPROJET, Crossject, Halozyme Therapeutics Inc., Kaleo Inc., Pfizer Inc., Teva Pharmaceutical Industries Ltd., and Viatris Inc.
Adamis Pharmaceuticals Corp. – The company offers epinephrine autoinjectors such as SYMJEPI 0.15mg, and SYMJEPI 0.3mg
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Epinephrine Autoinjector Market: Segmentation Analysis
The market share growth by the 0.30gm segment will be significant during the forecast period. The growth is expected in the epinephrine injection market by 0.30mg dosage due to rising volume sales of generic anaphylaxis autoinjectors.
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Epinephrine Autoinjector Market: Market Dynamics
What are the main growth drivers for the Epinephrine Autoinjector market?
- Rise in awareness of anaphylaxis and availability of innovative epinephrine autoinjectors
- Rising innovations in marketing strategies by market players
- Increasing prevalence of allergies
The Epinephrine Autoinjector Market experiences notable growth due to increased awareness of anaphylaxis and innovative autoinjectors. This rise in Anaphylaxis Awareness drives demand for effective Anaphylaxis Treatment and Emergency Allergy Treatment solutions. Addressing autoimmune responses and adhering to the Anaphylaxis Protocol necessitates advancements in Allergic Response Management. User-friendly autoinjectors and stringent Epinephrine Safety Measures further catalyze market growth, emphasizing the critical role of accessibility and safety in managing severe allergic reactions.
Who can offer a comprehensive analysis of the current market trends in Epinephrine Autoinjector?
Technavio Analyzes that the Epinephrine Autoinjector Market is witnessing an emerging trend of frequent product launches influenced by government pressure on companies. This trend affects the landscape of EpiPen, Epinephrine Injection, and Adrenaline Autoinjector offerings. Innovations in Epinephrine Delivery, Administration, and Auto-Injector Devices signify the quest for EpiPen Alternatives, optimizing Epinephrine Dosage, Availability, and Storage. Government initiatives drive a dynamic market, shaping evolving Epinephrine Autoinjector Market Trends through continuous product enhancements and launches.
What are some of the challenges faced by the Epinephrine Autoinjector Market?
Challenges like product recall and regulatory issues significantly impede the growth of the Epinephrine Autoinjector Market. These hurdles impact critical areas such as Allergic Reactions, Severe Allergic Responses, and Anaphylactic Shock management. Issues in Food Allergy Management and the delivery of Allergy Relief Devices hinder efforts to address Life-Threatening Allergies. Ensuring Rapid Allergic Reaction Treatment via Portable Allergy Treatment solutions is constrained, affecting the availability of Allergy Emergency Kits and other essential Allergy Care Products, hampering overall Allergy Preparedness.
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What are the key data covered in this epinephrine autoinjector market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the epinephrine autoinjector market between 2023 and 2028.
- Precise estimation of the epinephrine autoinjector market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the epinephrine autoinjector market across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of epinephrine autoinjector market companies.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by End-user
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
