Global Demand For Injection Pen To Surpass US$ 6 Billion By The End Of 2030

The sales of injection pens have considerably picked up in the last couple of years, as they have become a widely accepted treatment method to address a broad spectrum of medical considers.
The last few years have seen a significant increase in the sales of injection pens as they have gained widespread acceptance as a treatment option for a variety of medical conditions.

These include insulin deficiency, obesity, diabetes, and rheumatoid arthritis. Pen injections are widely used as an efficient method of providing patients with treatment as these illnesses are becoming more commonplace.

Nearly half of the patient population with insulin-related issues currently uses injection pens. This factor is also a major force behind the growth of the injection pen market. Sales prospects are anticipated to improve for the injection pen market over time as manufacturers shift their focus to bringing improvements to injection pen designs.

Download Sample Copy of This Report :- https://www.factmr.com/connectus/sample?flag=S&rep_id=5212

Injection Pen Insights Segmentation

By Region

• North America
• Europe
• East Asia
• South Asia
• Latin America
• Oceani
• Middle East & Africa

By Indication

• Diabetes
• Growth Hormone Therapy
• Autoimmune
• Others

Request Customization https://www.factmr.com/connectus/sample?flag=RC&rep_id=5212

Key Takeaways from Injection Pen Report

• Rising availability of insulin pens in pre-filled and durable designs has been enabling growth of the market.
• Based on type, the disposable segment is forecast to account for higher percentage of share in the injection pen market than reusable injection pens.
• In terms of indication, diabetes accounts for the maximum sales witnessed in the injection pen market.
• Retail pharmacies emerged dominant in the global market in terms of distribution channel in 2019, and expected to continue dominating through the course of the forecast period.
• Regionally, North America has been dominating the injection pen market. However, over the course of the forecast period, Asia Pacific is forecast to emerge as a more lucrative market, exhibiting a higher rate of growth.

Regional Outlook of Injection Pen Market

The global injection pen market is expected to witness significant growth during the forecast period. This growth is attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for self-administration of drugs. North America is expected to dominate the global injection pen market due to the presence of a large number of pharmaceutical companies in the region. The increasing prevalence of chronic diseases and rising awareness about self-administration of drugs are also driving the growth of the injection pen market in North America.

Europe is expected to be the second largest regional market for injection pens due to the presence of a large number of pharmaceutical companies in the region. The increasing prevalence of chronic diseases and rising awareness about self-administration of drugs are also driving the growth of the injection pen market in Europe. Asia Pacific is expected to be a rapidly growing regional market for injection pens due to increasing healthcare expenditure, rising geriatric population, and growing awareness about self-administration of drugs. The increasing prevalence of chronic diseases and rising demand for self-administration of drugs are also driving the growth of the injection pen market in Asia Pacific.

Latin America and Middle East & Africa are expected to witness moderate growth during the forecast period due to low healthcare expenditure and lack of awareness about self-administration of drugs in these regions.

Get Full Access of This Premium Report :-https://www.factmr.com/checkout/5212

Why Choose Fact.MR

• One of the most established market research companies in India
• Round the clock customer support for clients across the globe
• Tailor-made reports available without additional costs
• Analysis of markets in over 150 countries
• Data collected from credible primary and secondary sources

For More Insights- https://www.einpresswire.com/article/556592626/tier-3-players-accounting-for-nearly-80-revenue-share-in-creative-production-marketing-resource-management-space

US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

About Us:
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.