Global Injection Pen Market, By Type (Disposable Injection Pen, Reusable Injection Pen), Therapy (Diabetes, Growth Hormone Therapy, Osteoporosis, Fertility, Other Therapies), End Use (Hospitals and Clinics, Home Care), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Injection Pen
Injection pen market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6.87% in the above-mentioned forecast period.
Injection pens are basically the medical instrument that are utilized for inserting the medicine or injecting the insulin into the patient’s body. The injection pens generally consists a medical cartridge (insulin cartridge), a disposable pen, needle and a dial for measuring the dosage.
The increasing prevalence of chronic diseases are the significant factors responsible for driving the growth of the injection pen market in the above-mentioned forecast period. Additionally, the rise in the reimbursement policies along with further support of the government also heighten the overall growth of the market. However, the factors such as alternative drug delivery modes and poor reimbursement scenarios in developing regions are estimated to obstruct the market’s growth. In addition to this, needle anxiety is also projected to restrain the market growth.
The increasing number of regulatory approval from the medical authorities are expected to generate profitable opportunities for the market. On the other hand, the increasing expiry of biologics, needle-stick injuries along with misuse of injection pens have the potential to challenge for the market’s growth.
This injection pen market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research injection pen market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Injection Pen Market Scope and Market Size
Injection pen market is segmented on the basis of type, therapy and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the global injection pen market is segmented into disposable injection pen and reusable injection pen. Disposable injection pens will hold the largest market share due to the benefits provide such as portability, easy to use and low possibility of infection.
- Injection pen market has also been segmented based on the therapy into diabetes, growth hormone therapy, osteoporosis, fertility, other therapies. Diabetes are further segmented into insulin and glucagon-like peptide-1. Other therapies are further segmented into multiple sclerosis, cardiovascular diseases, migraines, rheumatoid arthritis, obesity, Crohn's disease, and cancer.
- On the basis on end-use, the injection pen market is segmented into home care and hospitals and clinics.
Injection Pen Market Country Level Analysis
Injection pen market is analyzed and market size insights and trends are provided by type, therapy and end-use as referenced above.
The countries covered in the injection pen market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market due to the large market share of U.S. in the injection pen market due to the high occurrence of diabetes and favorable reimbursement policies. Asia-Pacific is expected to show a rapid and lucrative growth rate in the forecast period owing to the rising population and adoption of advanced technology while improving the healthcare infrastructure.
The country section of the injection pen market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Injection pen market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for injection pen market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the injection pen market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Injection Pen Market Share Analysis
Injection pen market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to injection pen market.
Some of the major players operating in the injection pen market report are Novo Nordisk A/S, Sanofi, Eli Lilly and Company, Merck & Co., Inc., Ypsomed, AstraZeneca, F. Hoffmann-La Roche Ltd, BD, Owen Mumford, Pfizer Inc., Johnson & Johnson Private Limited., Medtronic, Siemens, AngioDynamics., Koninklijke Philips N.V., B. Braun Melsungen AG, BD, Cardinal Health., Cook, Terumo Corporation, Haselmeier, WOCKHARDT, Stryker, DuPont., Companion Medical, Montméd, STAT Medical Devices and Emperra GmbH E-Health Technologies, among others.