Injection Pen Market

  • 4100.00 Dollar US$
  • Published date: June 15, 2021
    • Pune, Bermo, Jharkhand, India [ Ads Views - 3 ]

Injection Pen Market is estimated to reach US$ XX Mn by 2026 in terms of revenue at a CAGR of XX % in the forecast Period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Injection Pen Market

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Injection pens are widely used in a variety of therapeutic applications, such as diabetes and osteoporosis, as they offer a variety of benefits over the normal flask and syringe methodology. For example, insulin pen devices improve patient satisfaction and adherence. It is simple to use and provides accuracy in delivering small amounts of insulin. Injection pen is user-friendly as the little needle sizes cut back to worry and pain and therefore has larger social acceptability. Patent expiry of biologics does drive the demand for biosimilars to push the growth opportunity for Injection Pen Market

The key driving forces such as the rise in prevalence of chronic diseases, increase in a range of restrictive approvals, favorable compensation and government support drive the growth of the injection pen market. However, preference for various drug delivery modes and poor reimbursement scenario in developing countries is expected to restrain the growth of Injection Pen Market to a certain extent.

Injection Pen Market is majorly segmented by type, therapy, end-user and region. Based on the type, the market is segmented into disposable and reusable injection pens. The disposable injection pens segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the benefits that these pens offer, such as portability, ease of use, and a lower possibility of infection.

Based on therapy, the global Injection Pen Market is segmented into diabetes, growth hormone therapy, osteoporosis, fertility, and other therapies. The diabetes segment is expected to grow at the highest CAGR during the forecast period. The high growth of the segment can be mostly attributed to the large diabetic population and favorable reimbursements for diabetic treatments in developed countries. The diabetes segment is further segmented into Insulin and GLP-1.

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