Overview

The Global Injection Devices for Biological Drugs Market is expected to grow at a high CAGR during the forecast period (2024-2031). 

They include syringes, auto-injectors, and pen injectors. These devices ensure precise dosing and enhance the convenience and efficiency of the administration process.

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Market Growth Trends

The Increasing Government Support for Research and Development in Pharma and Medical Devices Drives Market Growth 

Global market growth is driven by increasing government support for research and development in pharmaceuticals and medical devices, along with technological advancements. In October 2021, the government introduced a draft policy for R&D in these sectors. The policy aims to streamline regulatory processes to accelerate drug discovery, development, and medical device innovation.

It also explores ways to incentivize private sector investment in research and evaluates various funding mechanisms, including budgetary support, venture capital, CSR funding, and fiscal incentives. Additionally, the policy seeks to strengthen the R&D ecosystem by fostering greater collaboration between industry and academia to align research with industry needs.

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Market is segmented

By Type of product:  Glass material, Plastic material

By Site of administration:  Skin, Circulatory/Musculoskeletal System, Organs, Central Nervous System

By Usability:  Reusable Pen Injectors, Disposable Pen Injectors

By Application:  Autoimmune Diseases, Hormonal Disorders, Orphan Diseases, Aesthetic Treatment, Other clinical applications

By End-user:  Hospitals and Clinics, Home Care Settings, Others

By Region:  North America, South America, Europe, Asia Pacific, Middle East, and Africa

Market Key Players

·         Baxter International, Inc.

·         Becton, Dickinson and Company

·         Gerresheimer AG

·         Pfizer, Inc.

·         Schott AG

·         Eli Lilly and Company

·         Sandoz (Novartis AG)

·         Terumo Corporation

·         Teva Pharmaceutical Industries Ltd.

Related Reports

Injection Pen Market

Metal Injection Molding Market

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