Press release
What's driving the Insulin Pens Market Growth? Prominent Players: B. Braun Group, Eli Lilly and Company, Artsana Group, Novo Nordisk, Sanofi, Terumo BCT, HTL-Strefa Inc
Top Key Players:
• B. Braun Group
• Eli Lilly and Company
• Artsana Group
• Novo Nordisk
• Sanofi
• Terumo BCT
• HTL-Strefa Inc
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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/insulin-pens-market-100252
In addition to this, growth in Europe is expected to be commendable backed by the shifting consumer preference in favor of self-administering medicines rather than depending on hospitals and clinics. This is further expected to increase the growth rate of the global market. Besides this, Asia Pacific is expected to expand at a relatively higher CAGR owing to a large patient pool present in the region. Furthermore, innovative market penetration strategies used by key players in the region is anticipated to facilitate adoption of insulin pens.
“Key player are expected to raise awareness and promote self-use of insulin pens. This in turn is likely to facilitate the adoption of insulin pens among patients and enable growth in the global insulin pens market.” Said a lead analyst at Fortune Business Insights.
Increasing Healthcare Expenditure to Drive Market
Increasing per capita income and increasing healthcare expenditure are some factors anticipated to drive the global market during the forecast period. Additionally, technological upgrades in the insulin pens is likely to propel adoption of pens.
For instance, Novo Nordisk A/S announced the launch of a bluetooth connected smart insulin pen in 2018. The smart pen is enabled to record the dose of insulin and timely logs. The amount of pain is comparatively less to normal insulin pens.
On the contrary, high price of insulin pens and looming risk of administering wrong dose of insulin are some factors that may restrain the global insulin pens market.
Launch of Toujeo to Propel Growth
The global market is witnessing entry of new players in the market. Key developers are focusing on technological upgrades in insulin pens to strengthen their brand presence. For instance, Sanofi received the Food and Drug Administration approval for its new insulin pen, named Toujeo Max SoloStar, in 2018. The pen offers long-lasting insulin action for special patients, in order to reduce the number of injections. This is anticipated to fuel the demand in the global market. Some of the key players operating in the global insulin pens market are B. Braun Melsungen AG, Eli Lilly and Company, Artsana S.p.A., BD, Novo Nordisk A/S, Sanofi, Owen Mumford Ltd., Ypsomed AG, TERUMO CORPORATION, and HTL-Strefa Inc
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https://www.fortunebusinessinsights.com/enquiry/queries/insulin-pens-market-100252
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