Injection Pen Market Records High Demand Around the World Growing with CAGR of 6.5% - Top Brands, Price, Top Country and Manufacture Forecast till 2023

Global Injection Pen Market : Market Scenario

The global injection pen market is expected to gain prominence over the forecast period (2018–2023). It is estimated that the global injection pen market is expected to register at a CAGR ~ 6.5 % during the forecast period of 2018–2023.

Injection pens are designed to deliver the drug in the body with ease and convenience. It is a small, hand-held portable device used to inject drug for the treatment of various diseases. The increasing occurrences of chronic diseases such as diabetes and osteoporosis globally are expected to drive the global injection pen market during the forecast period. For instance, in 2015, according to the American Diabetes Association, 30.3 million people in the U.S. had diabetes which is 9.4% of the total population. Moreover, the growing preference of injection pens over the traditional vial and syringe method owing to the increasing cases of needlestick injuries is likely to contribute to the market growth.

Despite the drivers, factors such as reimbursement issues in developing countries and preference of alternative drug delivery modes are restraining the growth of the global injection pen market.

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Global Injection Pen Key Players

Novo Nordisk
Eli Lilly
Sanofi
Merck
Ypsomed
AstraZeneca
Hoffman-La Roche
Becton Dickinson and Company
Owen Mumford
Novartis
Pfizer
Haselmeier
Jiangsu Delfu medical device Co., Ltd
Biocon Ltd

Global Injection Pen Market : Segmentation

The global injection pen market is segmented on the basis of the type, product, therapy, distribution channel, and end users. On the basis of the type, the market is classified into disposable injection pens and reusable injection pens. The global injection pen market on the basis of product is segmented into insulin pens and pen needles. On the basis of the therapy, the market is segmented as diabetes, growth hormone therapy, fertility, osteoporosis, multiple sclerosis, cardiovascular diseases, rheumatoid arthritis, obesity, Crohn’s disease, cancer, and others. Diabetes is further segmented into insulin and GLP-1.On the basis of distribution channel is segmented into hospital pharmacies, retail pharmacies, online medical stores, and diabetes clinics. On the basis of end users, the global injection pen market is segmented into home care and hospitals & clinics.

Global Injection Pen Market : Regional Analysis

The Americas is likely to dominate the global injection pen market owing to the increasing prevalence of cancer and diabetes in the population during the forecast period. In addition, well-established healthcare sector, favorable reimbursement scenario, and growing number of regulatory approvals further drive the growth of the market. According to the WHO, in 2016, 9.6% of total America population were suffering from diabetes. Europe is likely to hold the second position in the global injection pen market. The market growth is attributed to the availability of funds for research, increasing prevalence and government support for research and development. The Asia Pacific is the fastest growing market owing to the huge patient pool with chronic diseases and increasing healthcare expenditure. For instance, according to the WHO (2016), in China, 10% of adults were diagnosed with diabetes. It also stated that type 2 diabetes was found to be the most prevalent type of diabetes in China. The Middle East and Africa injection pen market are expected to grow slowly during the forecast period. Moreover, in this region, Middle East accounts for largest share owing to the increasing presence of prominent market players in the recent years.

Major Table of Content of Global Injection Pen Market

1 Introduction
2 Research Methodology
3 Market Dynamics
4 Market Factor Analysis
5 Global Injection Pen Market, By Type
6 Global Injection Pen Market, By Product
7 Global Injection Pen, By Therapy
8 Global Injection Pen, By Distribution Channel
9 Global Injection Pen, By End-User
10 Global Injection Pen Market, By Region
11 Competitive Landscape
12 Company Profile
13 MRFR Conclusion

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