Global Pen Injectors Market, By Type (Disposable and Reusable), Dosage (Fixed and Variable), End-Users (Home Care and Hospitals & Clinics), Therapy (Diabetes, Anaphylaxis, Growth Hormone Therapy, Fertility, Arthritis, Osteoporosis, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, 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 2028
Pen injectors market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 58.35 billion by 2028 growing at a CAGR of 5.85% in the above-mentioned forecast period. Rising approval rates by the particular authorities for the pen injectors has been directly impacting the growth of pen injectors market.
Pen injectors can be defined as drug-delivering medical devices that enable the patient or the user to deliver a particular dosage of the drug. These pen injectors are basically a type of syringe that has a spring attached to their base so that the patient or the consumer can self-inject these drugs with the push of a button. These products were invented so as to overcome the fear in patients regarding needle-based drug delivery devices.
Rising cases and prevalence of chronic diseases is the main driving factor for the pen injectors market. Increasing the approval rate by the authorities for the products is driving the pen injectors market. The rising number of diabetic cases is also a driving factor for the pen injectors market. An increasing number of product approvals for injection pens by health authorities for the treatment of various diseases is an opportunity for the pen injectors market.
Adoption and preference over alternative drug delivery methods is a big challenge for the pen injectors market. However, the lack of appropriate reimbursement facilities in developing countries is the main restraint in the growth of the pen injectors market during the forecast period of 2021-2028.
This pen injectors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 pen injectors market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In October 2018, Flex, a Sketch-to-Scale solution provider that designs and builds Smart World Intelligent Products has announced a partnership with Novo Nordisk A/S to create digital health solutions for diabetic patients. After a rigorous test, Novo Nordisk has selected a platform in the medical field BrightInsight from Flex Digital Health to build and implement these solutions and securely manage millions of its smart medical devices and compatible data within a law-abiding environment.
Pen Injectors Market Scope and Market Size
Pen injectors market is segmented on the basis of type, dosage, end users, and therapy. The growth amongst these segments will help you analyse 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.
- Based on type, the pen injectors market is segmented into disposable and reusable.
- Based on dosage, the pen injectors market is segmented into fixed and variable.
- Based on end users, the pen injectors market is segmented into home care and hospitals & clinics.
- Based on therapy, the pen injectors market is segmented into diabetes, anaphylaxis, growth hormone therapy, fertility, arthritis, osteoporosis and others.
Pen Injectors Market Country Level Analysis
Pen injectors market is analysed and market size insights and trends are provided by country, type, dosage, end users, and therapy as referenced above.
The countries covered in the pen injectors 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 is likely to lead the pen injectors market. The regional market has been driven by the large population base with diabetes, human growth hormone deficiency, rheumatoid arthritis, and osteoarthritis. However, growing market with new players is the main factor propelling the growth of the regional market. The market in Asia-Pacific is expected to exhibit a substantial growth rate during the forecast period 2021-2028 due to high prevalence of diabetes in the highly populous countries such as India and China, rapidly improving health care systems, various initiatives adopted by governments to improve health care, and increase in per capita health care expenditure.
The country section of the pen injectors 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
Pen injectors 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 pen injectors market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pen injectors market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Pen Injectors Market Share Analysis
Pen injectors 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 pen injectors market.
The major players covered in the pen injectors market report are Novo Nordisk A/S, Eli Lilly and Company, Sanofi, Ypsomed, AstraZeneca, F. Hoffmann-La Roche Ltd, Merck KGaA, BD, Owen Mumford, Novartis AG, Pfizer Inc., Wilhelm Haselmeier GmbH & Co. KG, GlaxoSmithKline plc, Mylan N.V., SHL Group, Copernicus, Teva Pharmaceutical Industries Ltd., Johnson & Johnson Services Inc., Emperra GmbH E-Health Technologies, Trividia Health Inc., Pikdare S.r.l., ARKRAY Inc., and GlucoMe are among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Pen Injectors Market
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