Global Injection Pen Market-Trends, Top Manufactures, Market Demands, Industry Growth Forecast: 2024
The Infinium Global Research analyzes the Injection Pen Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global injection pen market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of injection pen. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the injection pen market during the period. The global injection pen market is projected to grow at a CAGR of 6.3% over the forecast period of 2018-2024.
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Rising Prevalence of Chronic Diseases Especially Diabetics and Osteoporosis are Driven by the Injection Pen Market
The rising prevalence of chronic diseases especially diabetics and osteoporosis are driven by the injection pen market. According to the WHO, in 2018, more than 400 million people live with diabetics worldwide. Nowadays, our lifestyle is becoming more and more individual, agile and independent. This also influences the use of self-admiration of medication. Self-administration is trends, giving patients maximum autonomy and flexibility. Due to these reasons, a number of people prefer the use of an injection pen, which in turn, increases the demand for injection pen. Furthermore, injection pen devices are approved by the FDA that contribute to the growth of this market.
Moreover, easy administration and improving the convenience of parenteral therapeutics are the common strategy adopted by pharmacies and biotechnology industries is led to the demand for injection pen market. Additionally, growing incidences of needle stock injuries across the globe, which in turn, boost the market growth. However, a number of people are inclined towards alternative drug delivery modes and poor reimbursement scenarios in developing countries hamper the growth of the injection pen market. Furthermore, recent development in injection pen devices such as automated needle injection, smaller dosing capacity and use of needle safety devices are creating growth opportunities for the global injection pen market.
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North America is the Dominant Region for Injection Pen Market
Among the region, c followed by Europe. Growing FDA approvals, technological advancement, and increasing research and development activities are some factors responsible for the growth of the injection pen market. Moreover, growing incidences of chronic diseases in the U.S. and Canada contributes to the growth of this market in the North America region.
The Asia-Pacific region is expected to have a significant growth rate during the forecast period owing to the incidences of diabetics coupled with the geriatric population. In the Asia-Pacific region, the developing counties such as India, China, and Japan are a major contributor to the injection pen market.
Injection Pen Market: Segmentation
The report on global injection pen market covers segments such as type, applications, and end user. On the basis of type, the sub-markets include reusable pens, and disposable. On the basis of applications, the sub-markets include insulin delivery, growth hormone therapy, fertility, and osteoporosis. On the basis of end user, the sub-markets include hospitals and clinics, homecare, and others.
Injection Pen Market: Competitive Landscape
The report provides profiles of the companies in the market such as Novartis AG, Novo Nordisk A/S, Sanofi, Eli Lilly and Company, Merck KGaA, Roche Holding AG, Becton, Dickinson, and Company (BD), AstraZeneca, Ypsomed, and Pfizer Inc.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the injection pen.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.