Injection Pen Market Competitive Insights , Future Analysis By Key Players Novo Nordisk, Sanofi, and ELI Lilly and Company, Merck & co., Inc., Ypsomed holding AG, Biocorp Production SA, AstraZeneca PLC, F.Hoffman-La Roche Ltd, Becton, Dickinson and Compan
Injection Pen Market – Competitor Analysis
The injection pen market is mainly led by 3 companies: Novo Nordisk, Sanofi, and ELI Lilly and Company. Other major players in the injection pen market include Merck & co., Inc., Ypsomed holding AG, Biocorp Production SA, AstraZeneca PLC, F.Hoffman-La Roche Ltd, Becton, Dickinson and Company (BD), Owen Mumford Ltd, Novartis, Pfizer, and Wilhelm Haselmeier GmbH & Co. KG.
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Injection pen has typically been used for frequent self-administration of preserved multi-dose drug formulations requiring weight-based dosing. It is available in two variants; reusable and disposable injection pens. Injection pens are ready to administer, as a prefilled medical device ease the delivery of drug or biostimulant for patients, care givers, and healthcare provider. Recent developments in injection pen devices such as the use of needle safety devices, automated needle insertion and injection, smaller dosing capabilities, and electronics is expected to drive the market in addition to the prevalence of the chronic disease. Furthermore, easy reimbursement and increasing FDA approval will strengthen injection pen market, whereas preference for alternative drug delivery modes and poor reimbursement scenarios in emerging economies will hinder growth of injection pen market.
Injection Pen Market Drivers
Improving the convenience and ease of administration of parenteral therapeutics has become a common strategy adopted by biotechnology and pharmaceutical industries and is expected to drive growth of injection pen market. Key players aim to introduce novel drug delivery system by targeting end-user flexibility such as fewer handling steps, higher volumes, thinner needles, high viscous formulations, and novel primary containers to accommodate changing injection pen market trends.
Injection Pen Market Injection Pen - Market Taxonomy
On the basis of product type, injection pen market is segmented into:
-Disposable Injection Pen
-Reusable Injection Pen
On the basis of therapy, injection pen market is segmented into:
-Growth Hormone Therapy
On the basis of end user, injection pen market is segmented into:
-Other end users
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