Global Biosimilar/Generic Injectable Pens Market 2027: Top Key Players Ypsomed, SHL Group, Copernicus

Biosimilar is defined as a type of biological products that are approved by respective regulatory bodies because of its clinical similarity to already approved biological products. This is relatively cheaper that biologics. With an increase in complex molecules or biologics coming in the market, the drug developers continue to look for innovative technology that can simplify delivery needs. Introduction to injectable pens address the problem of complex drug delivery regimens. They are easy to handle, convenient, and repeatedly deliver accurate dosages. Injectable pens are generally used for administration of insulin, growth hormone, and other medication. Many biologic therapies are currently approved for the treatment of various diseases is available in injectable pen form. Certain biologics had lost patent along with many biologics are going to lose the patent in coming years, thus biosimilar injectable pens market is expected to gain the popularity in coming year. In addition to it, growing incidence and prevalence of chronic diseases like, diabetes, arthritis, etc. that requires daily dosing (self-administration) expected to increase the demand for injectable pens in coming years. However, preference for alternative drug delivery modes and stringent regulatory hurdles for the approval of bioismilars are the factor restrains the growth of the market.

The biosimilar injectable pens market is segregated in terms of product type, dosage, therapies, and region. On the basis of product type the market is classified into disposable biosimilar injectable pens and reusable biosimilar injectable pens. Disposable injectable pens segment is expected to expand at significant CAGR during forecast period due to low possibility of infection and ease of use. In terms of dosage the market is segregated into fixed dose and variable dose. In terms of therapies the global biosimilar injectable pens market is segmented into diabetes, osteoporosis, growth hormone deficiency, fertility, and others. The diabetes segment expected to hold significant share of the market due to presence of huge diabetic patient pool and growing adoption of injectable pens

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On the basis of geography, the global biosimilar injectable pens market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In terms of revenue, North America followed by Europe is major contributor for the global biosimilar injectable pens market. This is because rise in incidence and prevalence of various diseases, presence of major players, patent expiry of leading biologics, entry of biosimilars, and strong on-going clinical pipeline propels the growth of the market in the region. Asia Pacific is third promising revenue contributor which is expected to grow at rapid pace in upcoming year. The population in the countries such as India and China are becoming wealthier and demanding for better treatment options. Furthermore, shifting healthcare infrastructure and demographic trends contribute to the growth of the region. Emerging and huge population base countries such as China and India offers tremendous market opportunities to the key market players operating in global biosimilar injectable pens market.

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Some of the market players leading the global biosimilar injectable pens market include Ypsomed, SHL Group, Copernicus, Owen Mumford, Haselmeier, Jiangsu Delfu medical device Co.,Ltd, Emperra GmbH, Digital Medics Ptd Ltd., and other

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