Larger
volumes drug delivery require a new product concept, a large-volume
wearable injector
Large
volume wearable injectors are devices that are used to deliver high
volume of drugs usually in the range of 2 – 50 ml of drug within 2
– 15 minutes. There are many chronic conditions, which require
prolonged and continuous drugs delivery and introduction of wearable
injectors are one of the achievement in the field of novel drugs
delivery systems. Many global pharmaceutical companies are developing
biologic therapeutics, which are basically rooted onto monoclonal
antibodies for the treatment of autoimmune disorders and
immuno-oncology drugs. With the busy lifestyle there is a low
possibility of regular intake of drugs through injections, typically
weekly, biweekly or monthly by people suffering from various chronic
conditions that require constant medication. Wearable injectors offer
the perfect solution in terms of portability and precise dosage
administration.
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Drugs
with longer half-lives, the pharma companies need think the pros and
cons between injections and auto-injector and less common injections
from a wearable injector
According
to Vice-President, Corporate Development, Enable Injections, the
increased cost to bring a single pharmaceutical drug into market,
which is estimated to be around US$ 2.6 billion in 2015, is a huge
expenditure for a new developing pharma company and have a greater
burden to make the most of revenue and stay ahead of many pharma and
medical device competitors. Pioneering products are high risk/high
reward, with various companies focusing on developing first-in-class
treatments, with only the most effective surviving in the market. The
collaboration between various companies makes provides for highly
lucrative opportunities for both large volume wearable injectors
market and wearable medical devices market.
Collaboration
of Pharma and Medical Devices companies to Put Large Volume Wearable
Injectors Market on high growth trajectory
Regional
segmentation of the large volume wearable injector market by Coherent
Market Insights comprises North America, Europe, Asia Pacific, Latin
America, Middle East, and Africa. North America to hold the major
chunk of large volume wearable injectors as many medical device and
pharma companies combined together has their research and development
centers in U.S., which makes early accessibility of advanced
technologies and higher penetration of health care services. For
instance, Amgen launched a therapeutic product used to deliver the
70mg of drug every week and then the modification of product
transformed weekly dose regime to monthly. This can be used with
either a Prefilled Syringe or Auto Injector. With advancements in
technology, the company developed a wearable injector, which was
approved by US FDA and this device is available in the U.S. since
2016. The other factors fueling growth of the large volume wearable
injector market are better marketing, efficacy in long term dosage,
and predominantly the rising number of patients with chronic
long-term disorders.
Manufacturer’s
Landscape Evolution - Becton Dickinson and West Pharma and heading
towards the heading towards the pole position in Large Volume
Wearable Injectors Market
Key
players operating the large volume wearable injectors market include
SteadyMed Therapeutics, Inc., Enable Injections, UNILIFE CORPORATION,
Insulet Corporation, Sensile Medical AG, Becton, Dickinson and
Company, West Pharmaceutical Services, Inc., Bühler Motor GmbH,
Ypsomed, Amgen Inc., among others. Major pharma and medical companies
in the market are constantly working towards introducing innovative
products and lowering production costs as many large volume biologics
are still under clinical trials. For instance in June 2016, Ypsomed
self-care solution collaborated with Novo Nordisk to develop and
provide new dimensions in insulin pump therapy.
Browse
Complete Research Report:
https://www.coherentmarketinsights.com/ongoing-insight/large-volume-wearable-injectors-market-171
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Coherent Market Insights:
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