Medical Devices & Consumables / Insulin Injection Pen Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: BD, Ypsomed Holding, Dongbao, Owen Mumford
Insulin Injection Pen Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: BD, Ypsomed Holding, Dongbao, Owen Mumford
The Insulin Injection Pen Market size was valued at US$ 30,605 million in 2021 and is expected to increase to US$ 40,968.4 million by 2027, at a CAGR of 4.9% from 2022 to 2027.
Insulin Injection Pen Market Overview
Insulin pens are insulin administration devices used by diabetic individuals. Insulin users use insulin pens frequently because they are simple to use and administer insulin accurately. Both time logs and insulin dosages can be recorded using the pen. Smart insulin pens were created with the intention of preventing unnecessary dosages, maintaining a systematic record of dosage, and converting dosage data into computer-based reports. The main driving factors are the rising incidence of diabetes, increased awareness of needlestick injuries, diabetes treatments and monitoring for improved disease management, the explosion in connected medical device use, and expanding R&D efforts. The market is anticipated to grow as a result of rising needlestick injury awareness. The world market for insulin pens is anticipated to increase significantly due to the exponentially rising number of diabetic patients. Additionally, an increase in government spending on diabetes is anticipated to usher in new technologies and treatments for slowing the diabetes epidemic's global spread. The surge in the adoption of connected devices and accessories to help people using insulin pens is expected to boost the market.
Industry News and Updates:
Nov. 12, 2020: Medtronic Launches InPen™ with Real-Time Guardian™ Connect CGM Data -- the First Integrated Smart Insulin Pen for People with Diabetes on MDI--
Medtronic plc (NYSE: MDT), the global leader in medical technology, today announced the launch of InPen™ integrated with real-time1 Guardian Connect™ CGM data. InPen is the first and only FDA-cleared smart2 insulin pen on the market for people on multiple daily injections (MDI). This integrated system now provides real-time glucose readings alongside insulin dose information giving users everything they need to manage their diabetes in one view. Rather than switching between apps, users have the ability to see all their information in real-time, in one view — making it easier to make smarter dosing decisions to manage their sugar levels.
What are the major Applications, Types and Regions for Insulin Injection Pen Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Disposable Insulin Injection Pen
Reusable Insulin Injection Pen
By Application, it is segmented into
Hospital & Clinic
Retail Pharmacies
Online
Insulin Injection Pen Market Regional Analysis
Due to the higher prevalence of diabetes and increased healthcare spending for treating diabetes, North America is anticipated to lead the global market for insulin pens during the forecast period. Furthermore, it is anticipated that improvements in insulin pen technology may accelerate their uptake in North America. The gradual transition of patients toward self-care instead of dependency is expected to cause Europe to experience a significant CAGR. Due to its larger patient base of diabetes patients, Asia Pacific is anticipated to see a CAGR that is relatively higher. Additionally, during the projected period, it is anticipated that the region's rising usage of insulin pens would be a result of leading market players' aggressive market penetration efforts.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Insulin Injection Pen Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Insulin Injection Pen Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Insulin Injection Pen Market report scope?
Yes, the report can be customized as per your needs
Key Takeaways from this Insulin Injection Pen Market Report
Evaluate Insulin Injection Pen market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Insulin Injection Pen market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Insulin Injection Pen Market?
The Insulin Injection Pen Market is growing at a CAGR of 4.9% over the next 5 years.
Who are the key players in Insulin Injection Pen Market?
What are the major end-use applications of Insulin Injection Pen Market?
Hospital & Clinic, Retail Pharmacies, Online
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
INTRODUCTION
MARKET DEFINITION
MARKET DYNAMICS
MARKET SEGMENTATION
REPORT TIMELINES
KEY STAKEHOLDERS
RESEARCH METHODOLOGY
DATA MINING
SECONDARY RESEARCH
PRIMARY RESEARCH
SUBJECT MATTER EXPERT ADVICE
QUALITY CHECK
FINAL REVIEW
DATA TRIANGULATION
BOTTOM-UP APPROACH
TOP-DOWN APPROACH
RESEARCH FLOW
EXECUTIVE SUMMARY
INTRODUCTION
GLOBAL INSULIN INJECTION PEN MARKET BY TYPE
GLOBAL INSULIN INJECTION PEN MARKET BY APPLICATION
MARKET DYNAMICS
DRIVERS
INCREASING DEMAND FOR INSULIN INJECTION PEN
RESTRAINTS
STRINGENT ENVIRONMENTAL REGUALTIONS
HIGH COST ON MATERIALS
OPPORTUNITIES
INSULIN INJECTION PEN GROWTH
APPLICATION OF INSULIN INJECTION PEN
IMPACT OF COVID 19
GLOBALINSULIN INJECTION PENMARKET, BY TYPE
INTRODUCTION
DISPOSABLE INSULIN INJECTION PEN
REUSABLE INSULIN INJECTION PEN
GLOBAL INSULIN INJECTION PENMARKET, BY APPLICATION
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.