Surging Incidence of Anaphylaxis Supporting Auto-Injectors Market Growth

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The growing prevalence of anaphylaxis and surging aging population are two of the key factors responsible for the growth of the auto-injectors market. The market is predicted to advance at a CAGR of 18.6% during the forecast period (2017–2023).

 An auto-injector is a medical device used for injecting a particular dose of drugs in patients. Most of the auto-injectors are spring-loaded syringes, designed for the safe dispensation of drugs with ease. Based on product, the auto-injectors market is bifurcated into prefilled and fillable injectors.
On the basis of therapeutic application, the auto-injectors market is categorized into anaphylaxis, rheumatoid arthritis (RA), multiple sclerosis (MS), and others. Out of these, during the 2013–2016 period, the anaphylaxis category dominated the market in terms of revenue, and it is predicted to continue dominating it during the 2017–2023 period. This is attributed to the surging incidence of anaphylaxis and growing awareness on auto-injectors for treating several allergies effectively. Anaphylaxis is a fatal and severe allergic condition that can present in any age or gender.
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As per the World Allergy Organization, in 2013, nearly 250.0 million people suffered from food allergies across the globe. The incidence of food allergy is more common in children compared to adults. Aspirin, ibuprofen, chemotherapy drugs, antibiotics containing sulfonamides, and other non-steroidal anti-inflammatory drugs can trigger anaphylaxis, which may result in death. There are various types of allergies, such as general, mold, pet, latex, pollen, and skin allergy, which can lead to anaphylaxis. Further, the growing demand for biological drug therapies is playing an important role in the growth of the auto-injectors market.

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Thus, it can be concluded that the increasing number of biologic drug therapies and surging prevalence of anaphylaxis are contributing to the growth of the market.
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