Injection Pen Market Growth, Revenue and Outlook to 2026 - Novo Nordisk, Sanofi, and ELI Lilly and Other Company

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.

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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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.

The prevalence of chronic diseases is increasing due to rapid aging of the population and the greater longevity of people with chronic conditions such as diabetes, multiple sclerosis (MS), rheumatoid arthritis (RA), hepatitis, osteoporosis, hemophilia, reproductive health, anemia, hemolytic disease, and anti-thrombolytic therapy. Injection pen market was predominant in diabetes therapy and growth hormone therapy for the past 20 years and 10 years respectively due to disease prevalence. According to the American Diabetes Association, in 2015, 9.4 % of the people in the U.S. suffered from diabetes while 1.5 million people were diagnosed with diabetes every year.

Injection Pen Market Injection Pen - Market Taxonomy

On the basis of product type, injection pen market is segmented into
On the basis of therapy, injection pen market is segmented into
On the basis of end user, injection pen market is segmented into

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