Press release
2025 Injection Pen Market Outlook: Key Indicators Shaping Growth Through 2034
Injection Pen
What Will the Injection Pen Industry Market Size Be by 2025?
The market size of the injection pen has seen significant expansion in the past few years. Projected growth from $57.05 billion in 2024 to a striking $61.68 billion in 2025, indicates a compound annual growth rate (CAGR) of 8.1%. Factors contributing to this growth during the historical period include the rising need for diabetes management, an increase in patient preference, a decrease in needle phobia, greater accuracy of dosage, and an escalating elderly population.
What's the Long-Term Growth Forecast for the Injection Pen Market Size Through 2029?
The market size of injection pens is predicted to undergo a rapid expansion in the upcoming years, reaching a valuation of $95.12 billion in 2029, propelled by a compound annual growth rate (CAGR) of 11.4%. The surge during the forecasted period is credited to factors such as increasing prevalence of diabetes, the rise in biologics and biosimilars, a growing necessity for personalized medicine and home healthcare, and the expansion of emerging markets. Noteworthy trends for the projected period encompass smart injection pens, integration of digital health, wearable gadgets, enhanced user interfaces, and compatibility with autoinjectors.
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What Are the Key Growth Drivers Fueling the Injection Pen Market Expansion?
The escalation in the number of cases for conditions like diabetes and arthritis is propelling the expansion of the injection pen market. The augmentation in the obese population size, sedentary lifestyles, poor diet, and aging are all contributing to a rise in the global incidence of diabetes. To illustrate, according to the International Diabetes Federation (IDF), by 2040, the worldwide diabetes prevalence is predicted to surge up to approximately 640 million. Further, in developing nations like India, nearly 69 million individuals are suffering from diabetes. This figure is projected to escalate to 100 million by 2030. Consequently, the surge in the occurrence of diseases such as diabetes and arthritis will continue to fuel the growth of the injection pen market.
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What Are the Key Trends Driving Injection Pen Market Growth?
The upward surge in technological progression is a significant trend escalating in the injection pen market. Firms in this sector are honing product innovations and streamlining delivery systems. The technological evolution allows precise delivery, heightened patient satisfaction, adherence, and a more convenient user experience. For instance, Medtronic, a medical technology, service, and solution firm based in the US, unveiled an InPen combined with real-time1 Guardian Connect CGM data in September 2022. This amalgamated solution provides users with complete information required to manage diabetes in a single screen, such as real-time glucose level and insulin dose information. Users can view all their details in real-time on a unified platform instead of switching between apps, thereby making the decision process for medication intake to regulate blood sugar level more appropriate and straightforward.
How Is the Injection Pen Market Segmented?
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 Companies Are Leading the Charge in Injection Pen Market Innovation?
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
Which Regions Are Leading the Global Injection Pen Market in Revenue?
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.
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