Global Injection Pen
Market Report
2024
The injection pen market size is estimated to be US$ 43.6 billion in 2023 and will be US$ 85.9 billion by 2030, with a CAGR of 7.2% during the forecast period.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The injection pen market size is estimated to be US$ 43.6 billion in 2023 and will be US$ 85.9 billion by 2030, with a CAGR of 7.2% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Injection Pen Market Sales Revenue 2023 | $ 43.6 Billion |
Global Injection Pen Market Sales Revenue 2030 | $ 85.9 Billion |
Global Injection Pen Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
Market Split by Product type |
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Market Split by Application |
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Market Split by End user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Injection pen is the injection along with a needle that helps to give insulin into the hypodermic tissue. The growing incidence of chronic diseases, increase in the geriatric population and advancement in technology have boosted the growth of the injection pen market. Client demand is rising as a result of pharmaceutical companies' increased investments in the development of new treatments, which in turn is driving up customer interest in injectable pens for effectively administering medication. Injection pens are more portable than needles and vials and decrease the administration time. Additionally, some current versions also include a digital application that may be used to keep track of when you last provided insulin and its amount. They also make it possible to quietly deliver insulin in public since they are less noticeable than a container and syringe.
The injection insulin pen makes the delivery of the insulin more convenient and simpler. The injection insulin pen mixes the medicine and syringe in a simple unit. The injection insulin pen is used by simply twisting a new needle, dial dose range, inject it and then throw the used needle away. It is simple and convenient for geriatric population and children to use.
During the period that is expected, the market for injection pens is anticipated to increase as a result of the introduction of fresh technologies. Sanofi, for instance, declared in 2019 that it would introduce an injection insulin pen for diabetics that doesn't need fingertip pricking for blood sugar level testing. This would lessen the discomfort and difficulty that come with using insulin pens the old-fashioned way.
The injectable pens are higher in cost as compared to the regular syringe. In developing and developing countries higher cost can hamper the market growth of injection pens. The injection pen lessens the discomfort and difficulty and it's appropriate to geriatric population that may increase the injection pen market.
Healthcare workers are increasingly using automated injection pens because of how accurately, safely, and conveniently they can provide medication. The necessity for injectable pens is being witnessed not just in wealthy nations but also in developing countries due to the huge increase in senior people, who are more prone to persistent illnesses like diabetes and cancer. These are the factors propelling the growth of the injection pen market.
The growing geriatric population around the world is expected to benefit the injection pen industry over the anticipated time period. People's overall immunity declines with age, which can result in a number of health issues, including chronic conditions like diabetes and heart disease.
Every industry has been impacted by Covid-19's disruption of supply networks. Diabetes patients' consumption habits have altered as a result of a pandemic they are now more health-conscious. However, the lockdowns and the disruptions to chronic patient care have increased demand for insulin pens. Diabetes patients need to maintain their daily diet and insulin injection schedules, however due to the lack of standard frequent syringes and access to healthcare, these necessities are not always available. As a result, COVID-19 has enabled the market to grow more. Due to social isolation laws brought on by the COVID-19 pandemic situation, e-commerce is encouraged, which has resulted in an increase in the internet accessibility of diabetes monitoring equipment. It provides amazing options for people who prefer home delivery to prevent virus exposure. As a result, people are using diabetic insulin pens for individualised healthcare. Diabetic patients have sought proper chronic illness healthcare in order to sustain health and immunity during covid. As a result, COVID-19 has enabled the market to grow more.
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Directly linked to Novo Nordisk FlexTouch insulin pen is Mallya, a smart sensor. Mallya will enable patients using FlexTouch pens to gather and record every day's injection data, such as insulin units and the time and date of medication delivery. The agreement states that Novo Nordisk would start marketing Mallya in Japan in the very first half of 2023.
The first and only glucagon-like peptide-1, or GLP-1 receptor agonist and GIP, which stands for glucose-dependent insulinotropic polypeptide for the treatment of diabetes type 2 in adults. Six doses of Mounjaro are offered (2.5 mg, 5 mg, 7.5 mg, 10 mg, 12.5 mg, and 15 mg), and it is packaged in Lilly's renowned auto-injector pen with a pre-attached, concealed needle.
SHL Medical and Innovation Zed worked together to provide integrated pen injector solutions. A connected add-on gadget called InsulCheck DOSE transforms common pen injectors into innovative ways to improve disease management routine monitoring.
Top Companies Market Share in Injection Pen Industry: (In no particular order of Rank)
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The injection pen market was largely dominated by North America. It is linked to the market's increasing incidence of diseases like diabetes, cancer, and cardiovascular disease. North American citizens have become more health conscious as a result of the rise in diabetes in the US. This results in the market for injectable pens becoming more accessible and drug delivery systems becoming more innovative.
The Asia Pacific region has the potential to grow more quickly. the rising prevalence of numerous chronic diseases in the population as a result of poor eating habits, inactivity, and rising alcohol and tobacco use among young people. The majority of chronic disease-related fatalities are reported in low- and middle-income nations, which presents the market participants in the Asia Pacific area with tremendous growth potential
The current report Scope analyzes Injection Pen Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Injection Pen Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Injection Pen Industry growth. Injection Pen market has been segmented with the help of its Product type, Application End user, and others. Injection Pen market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on product type of injection pen market is divided into disposal injection pen and reusable injection pen. The global market for injection pens was controlled by the disposable segment. This can be attributed to the affordability and safety of disposable injection pens. The disposable injectable pens market has expanded recently as a result of the ease of use, expanding consumer awareness, increased spending on healthcare, and rising incidence of illnesses linked to insulin.
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Based on application, the injection pen market is divided into diabetes, fertility, growth hormone therapy, osteoporosis and other. The injection pen market is dominated by the diabetes industry. Due to technological advancements in therapies and devices, in addition to expected approvals in the field in the next few years, this sector is also likely to grow profitably throughout the course of the forecast period. With its effectiveness in treating both acute and chronic diseases.
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By end user of the injection pen market, it is subdivided into hospitals and homecare. The world market for injection pens has been dominated by the homecare category. The main factors propelling this market's expansion include rising disposable income, increased consumer spending on healthcare, increased patient acceptance of innovative medicine delivery systems, and increased knowledge of injectable pens. The homecare segment of the global injection pen market has experienced significant expansion as a result of the fact that injection pens enable patients to administer drugs by themselves without the assistance of a medical expert.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Injection Pen Market is witnessing significant growth in the near future.
In 2023, the disposal injection pen segment accounted for noticeable share of global Injection Pen Market and is projected to experience significant growth in the near future.
The diabetes segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies AstraZeneca PLC , Novartis international AG and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product type | disposal injection pen, reusable injection pen |
Application | diabetes, fertility, growth hormone therapy, osteoporosis, other |
End user | hospitals, homecare |
List of Competitors | AstraZeneca PLC, Merck & Co Inc, Novartis international AG, Pfizer, Haselmeier, STAT Medical device, B. Braun Melsungen AG, Sanofi, Teva pharmaceutical industries |
This chapter will help you gain GLOBAL Market Analysis of Injection Pen. Further deep in this chapter, you will be able to review Global Injection Pen Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product type Analysis 2019 -2031, will provide market size split by Product type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End user Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Injection Pen market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why disposal injection pen have a significant impact on Injection Pen market? |
What are the key factors affecting the disposal injection pen and reusable injection pen of Injection Pen Market? |
What is the CAGR/Growth Rate of diabetes during the forecast period? |
By type, which segment accounted for largest share of the global Injection Pen Market? |
Which region is expected to dominate the global Injection Pen Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Quantitative Data |
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