Sun. Sep 22nd, 2019

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Global Self-Administered Drugs Market to Witness Heightened Revenue Growth During the Forecast Period

4 min read
Self-Administered Drugs Market

Self-Administered Drugs Market

Self-administered drugs are those that can be administered by the patient without the help of the medical practitioner. Self-administered drugs include over-the-counter drugs, topical prescription drugs and self-administered intravenous drugs. Intravenous self-administered drugs are administered into the body through implantable or non – implantable infusion pumps that can be regulated by the patient. Self-administered drugs are mainly consumed by patients suffering from chronic diseases like multiple sclerosis, rheumatoid arthritis, diabetes and others. With the increasing number of people suffering from chronic diseases globally the self-administered drugs are expected to witness high demand, mainly among old and working population. Moreover owing to increasing health care cost and sensitivity of drugs several drug which reduces over time medical devices manufacturers are increasing emphasis on patient self-administration of drugs.

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The demand for self-administered drugs is increasing rapidly owing to the changing lifestyle of the people. Self-administration of the drugs saves time and money of the patients required for visiting the physicians or nurses. Increasing outpatient medical services is expected to boost demand for self-administered drugs over the forecast period. Government insurance organizations are providing medical coverage on some self-administered drugs which in turn is expected to increase adoption among end users. For instance, Centers for Medicare cover usually do not cover self-administered drugs however it provides medical coverage to some outpatient prescription drugs like injectable drugs, some antigens, drugs used with durable medical equipment and others. Increasing healthcare costs for patients seeking medical treatment in hospitals and increasing trend towards use of self-administered drugs among working population is expected to provide high growth opportunities among manufacturers over the forecast period. Moreover introduction of new patient administered drugs in the disposable prefilled form aimed to address the inconvenience created through unregulated dosages and regulatory compliance is expected to increase adoption rate of self-administered drugs globally over the forecast period.  However, low or no reimbursement for some self-administered drugs and increasing number of cases of side effects caused by the unregulated dose of self-administered drugs may hamper the revenue growth of the self-administered drugs market over the forecast period.

The global self-administered drugs market is segmented into following three segments: by product type, by route of administration and by geography

Segmentation by product type

  • Tablets
  • Syrups
  • Creams
  • Injectables

Segmentation by route of administration

  • Oral
  • Transdermal
  • Intravenous
  • Nasal

Segmentation by geography

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)

Geographically, North America and Europe regions are expected to contribute to the largest share of the self-administered drugs market. The shifting patient population from low to high income countries in North America and Europe is expected to propel demand for self-administered drugs over the forecast period. Asia Pacific region is expected to witness fast growth in the self-administered drugs market owing to high population in the region and growing geriatric population.  Latin America and MEA regions are also expected to witness significant growth in self-administered drugs market owing to availability of the products due to increased market penetration of the market participants in these regions.

Some players in the self-administered drugs market are Abbott Laboratories, Bristol-Mayers Squibb, Gilead Sciences, Novartis AG, Eli Lilly & Company, Pfizer, Inc., and Antares Pharma, Inc. The market participants are focusing on competitive pricing and product innovation strategies in order to increase their market share in the global self-administered drugs market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, Russia, Rest of Europe)
  • APAC (China, India, Japan, Australia & New Zealand, Rest of APAC)
  • Middle East and Africa (GCC Countries, S. Africa, Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape

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