Global wearable injectors market to be valued at $18.91b by 2030

One key factor is the rise of research and development activities.

The global wearable injectors market is expected to hit $18.91b by 2030 at a compound annual growth rate of 10.8%, according to MarketsandMarkets.

The sector’s expansion is attributed to the rising number of research and development activities, strategic partnerships, and the incorporation of artificial intelligence in diabetes management devices.

“Emerging markets, particularly in India and China, offer substantial growth opportunities for stakeholders in the wearable injectors sector,” the report said.

Moreover, the increasing incidence of chronic diseases such as diabetes, cancer, cardiovascular disorders, and respiratory illnesses drives market growth.

“The growth of the elderly population and the increasing prevalence of obesity and hypertension play significant roles in driving market demand,” it added.