Self-Administered Drugs Market
Size, Share, Growth, Trends, Analysis and Forecast - 2031

The global self-administered drugs market is anticipated to
grow at a CAGR of 8.3% during the forecast period. High healthcare service
costs which encourage patients to adopt self-administered drugs also contribute
to the growth of this market. Self-administered drugs are majorly taken by
diabetic patients for injecting insulin without the prior need of any
healthcare professional assistance.  The foremost factors leading to the
self-administered drug market expansion include the increasing prevalence of diabetes
and the rising burden of chronic diseases globally. As per the British Diabetic
Association, in the UK, 3.8 million people are living with a diagnosis of
diabetes, and 90% of those with type 2, and around 5.5 million people are
expected to have diabetes in the UK by 2030. 

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Apart from these, the rising FDA approvals of new drugs
developed by prominent players targeting the self-administered drugs market
create new growth opportunities for the market. In May 20201, the USFDA
approved Eli Lilly and Company's Mounjaro (tirzepatide) injection. It is a new
once-weekly GIP (glucose-dependent insulinotropic polypeptide) and GLP-1
(glucagon-like peptide-1) receptor agonist indicated as an adjunct to diet and
exercise to improve glycemic control in adults with type 2 diabetes. However,
lack of awareness about self-administered drugs in emerging countries and low
or no reimbursement for some self-administered drugs are the restraints that
may hamper the revenue growth of the self-administered drugs market during the
forecast period. 

Segmental Outlook  

The global self-administered drugs market is segmented based
on product type, and application. Based on product type, the market is
sub-segmented into injectable drugs, inhaled drugs, and transdermal drugs.
Among these, injectable self-administered drugs have gained immense popularity,
especially among patients suffering from a diabetic condition that requires
regular insulin intake and patients suffering from chronic diseases such as
multiple sclerosis, rheumatoid arthritis, diabetes, and others. Apart from
these, the high cost of medication expenditure involve in a healthcare setting
is also a prominent reason, people are shifting towards the injectable segment.
Rising trends of drug delivery at home along with comfort are also factors that
will positively impact injectable segment growth. Based on application, the
market is further categorized into cardiovascular, diabetes, osteoporosis, pain
management, hormone replacement, and others. 

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Regional Outlook 

Geographically, the global self-administered drugs market is
classified into four major regions including North America (the US and Canada),
Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe),
Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and
Rest of the World (Latin America and the Middle East and Africa (MEA)). The
Asia-Pacific region is projected to show the fastest growth in the
self-administered drugs market during the forecast period. The growing geriatric
population, high prevalence of chronic diseases, and availability of
self-administered drugs along with self-administered drug injectable devices
are motivating people to choose outpatient services that are enhancing the
overall market growth. 

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