These predictions are borne out in the real world as evidenced by increases in production at Economy Spring, a metal spring supplier and a division of MW Industries. The market is expected to experience a CAGR2016-2021 of about 18.1% and so reach around $93 billion by the end of 2021. Mordor Intelligence estimated the global injectable drug delivery market to be US$40 billion (£29 billion) in 2016. According to a June 2016 report by Roots Analysis, the global autoinjector market is predicted to grow at a rate of more than 8% per year for the next 10 years. That growth is predicted to continue throughout the coming decade. The global injectable drug delivery market and, more specifically, the autoinjector market is booming. This article is based on an MW Industries white paper: “Designing Auto-Injectors for Multiple Drug Viscosities”. David Philbrick presents the case for bringing on metal component manufacturers in the initial design phase to make the most out of the crucial expertise they can offer.
In order to capitalise on this, pharma companies are looking to use their autoinjectors for multiple medications. The autoinjector market is booming and is predicted to continue doing so for some time to come. ONdrugDelivery Magazine, Issue 86 (May 2018), pp 28-31. Citation: Philbrick D, “The Secret to a Single Autoinjector Design for Multiple Medications”.