GCC Self-injection Devices Market Outlook (2018 to 2032)
Synopsis
The above chart is GCC Self-injection Devices Market Outlook (2018 to 2032)
Market Dynamics
gcc self-injection devices market outlook for 2018 to 2032 indicates a rapid growth in the number of prescriptions doctors write for self-injection devices, due to increased patient demand and the growing awareness about self-injection devices’ safety and efficacy. there is a significant increase in the use of self-injection devices as an alternative to more traditional treatments, as more patients require treatments that can be administered at home.
in the last 5 years, the gcc self-injection devices market has grown at an average annual rate of 8.7%, to reach a total market size of over us$ 410 million as of 2017. this growth can be attributed to the increased demand for self-injection devices as a method of medication delivery, as well as genetically tailored treatments, such as the use of monoclonal antibodies.
factors such as the changing lifestyle, limited mobility of patients, home healthcare services and growing awareness about self-injection devices, have also hugely contributed to the growth in the gcc self-injection devices market. other factors, such as increasing geriatric population, technological advancements in drug delivery, and rising awareness and availability of self-injection devices, are expected to further drive market growth.
for 2018 to 2032, the gcc self-injection devices market is projected to continue to grow at an average annual rate of 6.9%, to reach a total market size of us$ 690 million by 2022, and us$ 1237 million by 2027. this growth can be attributed to the increasing prevalence of chronic diseases and rising home healthcare services demand, as well as increasing medical tourism in the region. it is also expected that the innovative product launches will support market growth in the future.
in conclusion, the outlook for the gcc self-injection devices market for 2018 to 2032 is very positive, as a result of rising demand due to population growth, increasing prevalence of chronic diseases, home healthcare services and medical tourism. with the increasing awareness and availability of self-injection devices, it is likely that market growth will continue for many years to come.