Over the years, a rise in preference for self-administrable drugs / therapies has resulted in an increasing demand for user-friendly drug delivery solutions that are not only safe and efficient, but also promote therapy adherence
The wide-spread prevalence of chronic diseases has compelled drug developers to innovate and design better, more advanced healthcare solutions. Large volume wearable injectors were developed to specifically address certain challenges associated with the administration of high volume formulations, viscous drug solutions and cater to frequent dosing requirements of patients suffering from chronic health conditions.
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Key Market Insights
More than 25 large volume wearable injectors are presently available / under development for the administration of drugs, excluding insulin
Over 45% of the abovementioned devices are capable of delivering bolus doses, followed by devices designed for continuous dosing at pre-programmed rates (15 %). These devices are powered by a diverse variety of actuation mechanisms, including rotary pumps, cells / expanded batteries, springs, osmotic pressure and liquefied gas. It is worth noting that over 15+ known drug-device combinations are commercialized / under development.
For insulin delivery alone, there are 30+ large volume wearable injectors available / under development
It is worth highlighting that nearly 40% of the abovementioned devices presently use advanced algorithms in order to automate the delivery of insulin, based on integrated continuous blood glucose monitoring systems. Of these, majority (23%) use the hybrid closed loop system. Over 80% of such devices have special connectivity features that enable better dosage monitoring.
More than 200 biologics / small molecule drugs were identified as likely products to be developed in combination with large volume wearable injectors
The report provides insights on over 800 marketed drugs / therapies and pipeline candidates, assessing the likelihood of whether they can be developed in combination with large volume wearable injectors. The analysis takes into consideration current phase of development of the drug, its dosage, dose concentration, route of administration, type of dose and information on drug sales (for marketed drugs).
Nearly 90 partnerships have been signed by developers of large volume wearable injectors between 2015 and 2020 (till March)
It is worth noting that more than 55% deals were established post 2017, indicating an increase in the partnership activity within this domain. Majority of partnership deals were product / technology integration agreements (29%), followed by deals focused on product development and commercialization (23%), mergers and acquisitions (12%), and product distribution (12%).
North America and Europe are anticipated to capture over 60% of the market share, in terms of revenues generated from sales of non-insulin drug delivery devices, in 2030
By 2030, 46% of revenues are expected to be generated from the sales of large volume wearable injectors intended for the treatment of neurological disorders, followed by products for oncological disorders (27%), cardiovascular disorders (25%) and infectious diseases (2%).
The large volume wearable injectors market for insulin is anticipated to be worth over USD 2.7 billion by 2030
North America presently dominates the global insulin market, consequently the region is expected to capture the majority share (50%) in terms of revenues from wearable injector sales. It is worth highlighting that the market in Asia-pacific is anticipated to grow at a relatively faster pace.
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Key Questions Answered
The financial opportunity within the large volume wearable injectors market (for delivery of non-insulin and insulin drugs) has been analyzed across the following segments:
The report features inputs from eminent industry stakeholders, according to whom, large volume injectors are generally preferred for the delivery of biologics, which cannot be easily administered orally. The report includes detailed transcripts of discussions held with the following experts:
The research includes detailed profiles of key players (listed below); each profile features an overview of the company, its financial information (if available), a description of the product(s) offered, details of recent developments related to large volume wearable injection devices and an informed future outlook.
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