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Injection Pen Market Analysis, Size, Drivers, Trends And Forecast 2023-2032
Injection Pen Market Report
The Business Research Company's Injection Pen Global Market Report 2023 identifies the rise in the prevalence of diseases such as diabetes and arthritis as the major driver for the injection pen market's growth in the forecast period. Factors such as an increase in the size of the obese population, physical inactivity, unhealthy eating habits, and increasing age led to an increase in the global prevalence of diabetes.
The global injection pen market size grew from $48.84 billion in 2022 to $52.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The injection pen market size is expected to grow to $73.72 billion in 2027 at a CAGR of 8.7%.
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Major competitors in the injection pen market are Novo Nordisk A/S, Ypsomed Holding AG, Sanofi, Eli Lilly and Company, Merck KGaA, AstraZeneca plc, F. Hoffmann-La Roche Ltd., Owen Mumford, Sulzer Ltd., Sun Pharmaceutical Industries Ltd., Pfizer, Lupin Ltd., Wockhardt Ltd., AptarGroup, Inc., Novartis AG, Gerresheimer AG, SHL Medical AG, Boehringer Ingelhem, Nemera France SA, Companion Medical, Jiangsu Delfu Medical Devices Co., Ltd., Haselmeier, GlaxoSmithKline plc, Stat Medical Devices, DuPont, and Emperra GmbH E-Health Technologies.
A key trend in the injection pen market includes technological advancement. Companies in the injection pen market are focusing on product innovations and efficient delivery systems. Technological advancements provide for accurate delivery, improved patient satisfaction and adherence, and greater ease of use. For instance, in September 2022, Medtronic, a US-based medical technology, services, and solutions company, launched InPen integrated with real-time1 Guardian Connect CGM data. This integrated solution gives users all the information they need to manage their diabetes in one screen, including real-time glucose levels and information on insulin dosing. Users may access all their information in real time, in one screen, rather than jumping between apps, making it simpler to decide how much medication to take to control their blood sugar levels.
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The injection pen market is segmented -
•By Product Type: Disposable Injection Pens, Reusable Injection Pens
•By Therapy: Diabetes, Fertility, Osteoporosis, Growth Hormone Therapy, Other Therapies
•By End Users: Home Care, Hospital & Clinics
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the injection pen market.
The Business Research Company's "Global Injection Pen Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Injection Pen Market Include:
1. Executive Summary
2. Injection Pen Market Characteristics
3. Injection Pen Market Trends And Strategies
4. Injection Pen Market - Macro Economic Scenario
5. Injection Pen Market Size And Growth
……
26. Africa Injection Pen Market
27. Injection Pen Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Injection Pen Market
29. Injection Pen Market Future Outlook and Potential Analysis
30. Appendix
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