Press release
Global Injection Pen Market to Reach $95.13 Billion by 2029, Growing at 0.11436715588513% CAGR
The expansion of the injection pen market is fuelled by an increasing occurrence of ailments like diabetes and arthritis. The escalating population of obese individuals, lack of physical exercise, poor dietary habits, and growing elderly population are all contributing to the worldwide increase in diabetes. For example, the International Diabetes Federation (IDF) anticipates that the worldwide diabetic population will reach approximately 640 million by 2040. Moreover, in developing nations like India, approximately 69 million people suffer from diabetes. This figure is predicted to grow to 100 million by 2030. Hence, the growth in conditions such as diabetes and arthritis will propel the expansion of the injection pen market.
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What Is the projected market size and growth rate for the injection pen market?
In recent years, the injection pen market has experienced significant growth. It is projected to expand from $57.05 billion in 2024 to $61.68 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.1%. This historic growth is due to factors such as the escalating requirement for diabetes management, higher patient preference, diminished fear of needles, enhanced dosage precision, and a growing elderly population.
The market size of the injection pen is predicted to experience a swift expansion in the approaching years. It is set to reach a value of $95.12 billion in 2029, with a compound annual growth rate (CAGR) of 11.4%. This upcoming growth can be tied to various factors including an increasing prevalence of diabetes, the growth of biologics and biosimilars, the rising demand for individualized medicine, the need for home healthcare, and the growth of emerging markets. During the forecast period, key trends to watch out for are the development of smart injection pens, the integration with digital health systems, the prevalence of wearable devices, enhancements in user interface, and compatibility with autoinjectors.
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What new trends are reshaping the injection pen market and its opportunities?
The rise in technological progression is becoming an influential trend within the injection pen market. The focus for companies operating in this sector is on the innovation of their products and the efficacy of their delivery systems. These technological enhancements contribute to precise delivery, increased patient satisfaction and compliance, and augmented ease of use. For example, Medtronic, a firm based in the US that offers medical technology, services, and solutions, introduced the InPen integrated with real-time1 Guardian Connect CGM data in September 2022. This combined solution presents users with all the necessary data to monitor their diabetes conveniently on one screen - this includes real-time glucose levels and intel on insulin dosage. Therefore, users are able to retrieve all their information simultaneously on a single screen, eliminating the need to switch between apps. This makes it easier to determine the appropriate amount of medication required to manage their blood sugar levels.
What major market segments define the scope and growth of the injection pen market?
The injection pen market covered in this report is segmented -
1) By Product Type: Disposable Injection Pens, Reusable Injection Pens
2) By Therapy: Diabetes, Fertility, Osteoporosis, Growth Hormone Therapy, Other Therapies
3) By End Users: Home Care, Hospital And Clinics
Subsegments:
1) By Disposable Injection Pens: Pre-filled Disposable Injection Pens, Single-Use Disposable Injection Pens
2) By Reusable Injection Pens: Refillable Injection Pens, Multi-Use Injection Pens, Rechargeable Injection Pens
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Which region dominates the injection pen market?
North America was the largest region in the injection pen market in 2024. The regions covered in the injection pen market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the injection pen industry growth?
Major companies operating in the injection pen market include Novo Nordisk A/S, Ypsomed Holding AG, Sandoz Inc., Eli Lilly and Company, Merck KGaA, AstraZeneca plc, F. Hoffmann-La Roche Ltd., Owen Mumford Ltd., Sulzer Ltd., Sun Pharmaceutical Industries Ltd., Pfizer Inc., Lupin Ltd., Wockhardt Ltd., AptarGroup Inc., Novartis AG, Gerresheimer AG, SHL Medical AG, Boehringer Ingelheim International GmbH, Nemera France SA, Companion Medical Inc., Jiangsu Delfu Medical Devices Co. Ltd., Haselmeier GmbH, GlaxoSmithKline plc., Stat Medical Devices Inc., DuPont de Nemours Inc., Emperra GmbH E-Health Technologies, Biocon Limited, Becton Dickinson and Company, Mylan N.V., Terumo Corporation, West Pharmaceutical Services Inc., Bespak Europe Ltd., Mitsubishi Gas Chemical Company Inc., Nipro Corporation, Zogenix Inc., Consort Medical plc
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What Is Covered In The Injection Pen Global Market Report?
•Market Size Forecast: Examine the injection pen market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the injection pen market for a structured understanding.
•Key Players Overview: Analyze major players in the injection pen market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the injection pen market.
•Segment Contributions: Evaluate how different segments drive overall growth in the injection pen market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the injection pen market.
•Industry Challenges: Identify potential risks and obstacles affecting the injection pen market.
•Competitive Landscape: Review strategic developments in the injection pen market, including expansions, agreements, and new product launches.
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