Injection Pen Market worth $ 38.2 Billion by 2030 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Injection Pen Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global injection pen market size is anticipated to witness moderate growth during the forecast period i.e. 2021-2030. The rising incidence of diabetes and arthritis among people across the world; the growing old-age population base; the escalating technological advancements in injection pens; the increasing number of regulatory approvals and presence of favorable reimbursement scenario in matured economies; the enhancing demand for safer and advanced drug delivery devices; and the soaring government healthcare expenditure and availability of favorable healthcare insurance policies are among the major factors contributing to the growth of the global injection pen market.

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According to type, the disposable injection pens segment acquired the largest share of the global injection pen market in 2020. The segment is anticipated to retain its lead in the market further during the forecast period of 2021-2030. According to therapy, the diabetes segment held the largest share of the global injection pen market in 2020, and is expected to continue to do the same throughout the forecast period of 2021-2030. According to end user, the home care segment is poised to grow at the highest CAGR in the market during the forecast period.

Geographically, the North American region captured the largest share of the global injection pen market in 2020, followed by Europe. The region is predicted to maintain its lead further in the market during the forecast period. Countries such as the U.S. and Canada are among the key contributors to the growth of the market in the region. The Asia Pacific region is estimated to attain the highest growth rate in the global injection pen market during the forecast period. Countries such as India and China are among the key contributors to the growth of the market in the region.

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Some of the major injection pen companies profiled in the report include AstraZeneca, Novartis , Roche Holding AG, Medtronic, Sanofi, Becton Dickinson and Company, Eli Lilly Company, Novo Nordisk, F. Hoffman-La Roche, and Mylan N.V.

The global injection pen market is segmented into type, end user, therapy, dosage, and region. Based on type, it is bifurcated into disposable injection pens and reusable injection pens. Based on end user, it is classified into home care, hospitals & clinics, and others. Based on therapy, it is classified into diabetes, growth hormone therapy, fertility, osteoporosis, and other therapies. The diabetes segment is further categorized into insulin and GLP-1. Based on dosage, it is classified into fixed and variable.

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The global injection pen market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Injection Pen Market

• On the basis of type, the disposable injection pens segment acquired the largest share of the global injection pen market in 2020. The segment is anticipated to retain its lead in the market further during the forecast period of 2021-2030.
• On the basis of therapy, the diabetes segment held the largest share of the global injection pen market in 2020, and is expected to continue to do the same throughout the forecast period of 2021-2030.
• On the basis of end user, the home care segment is poised to grow at the highest CAGR in the market during the forecast period.
• On the basis of region, North America captured the largest share of the global injection pen market in 2020, followed by Europe. The region is predicted to maintain its lead further in the market during the forecast period.
• On the basis of region, the Asia Pacific is estimated to attain the highest growth rate in the global injection pen market during the forecast period.

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This release was published on openPR.