Global Injection Pen Market Will Reach USD 46110.73 Million by 2024: Zion Market Research

According to the report, global injection pen market was valued at approximately USD 31074.37 million in 2017 and is expected to generate revenue of around USD 46110.73 million by end of 2024, growing at a CAGR of around 5.8% between 2018 and 2024.


New York, NY, Sept. 25, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Injection Pen Market by Type (Disposable and Reusable Pens), by Therapy (Growth Hormone Therapy, Osteoporosis, Fertility, Diabetes, and Other Therapies), and by End User (Hospitals and Home care): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, global injection pen market was valued at approximately USD 31074.37 million in 2017 and is expected to generate revenue of around USD 46110.73 million by end of 2024, growing at a CAGR of around 5.8% between 2018 and 2024. 

Injection pen is specifically designed medical devices used for the drug delivery in various chronic conditions and treatment. It is generally used for frequent self-administration of drugs. These injections pens are easy and convenient to use and it is increasing trend of home health care. Also, it is the most preferred drug delivery methods opted by patients and healthcare providers. As compared to conventional methods, it is more convenient to use and accurate amount of drugs can be easily injected into the patient body based on his/her weight. There are the various technological advancement and FDA approvals in the market which supports the growth of the market and social acceptability among people will also maintain the growth of the injection pen market.

Browse through 71 Tables & 15 Figures spread over 110 Pages and in-depth TOC on “Global Injection Pen Market: By Type, Size, Share, Industry Trends, Segments, Analysis and Forecast, 2017 - 2024”.

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The injection pen market is primarily driven by the increased prevalence of chronic disorders such as diabetes, rheumatoid arthritis, hepatitis, osteoporosis, and others are expected to support the growth of the injection pen market over the forecast period. As per the Rheumatoid Arthritis Support Network report, there were around 1.3 million Americans affected by rheumatoid arthritis and around 1% of the total population worldwide. Moreover, increased acceptance of advanced technology in injection pen and FDA approvals are expected to promote the growth of the injection pen market over the forecast period. Furthermore, the increased demand from the healthcare industry for safer and advanced drug delivery method over a period of time is expected to support the growth of the injection pen market. However, alternative methods for drug delivery and poor reimbursement policies are expected to inhibit the growth of the injection pen market over the forecast period.

Injection pen market is segmented into type, therapy, and end user. Based on the type, injection pen market is classified into disposable and reusable pens. Disposable injection pen segment is expected to grow significantly. On the basis of therapy, injection pen market is segmented into diabetes, growth hormone therapy, fertility, osteoporosis, and other therapies. Diabetes segment is expected to experience a rapid growth. Based on the end user, the injection pen market is fragmented into home care and hospitals. Home care segment is expected to dominate over the forecast period.

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Europe is expected to be the second largest region for injection pen market owing to the various technological advancement and increased prevalence of chronic disorders over the forecast period are expected to support the growth of injection pen market in the near future.

The Asia Pacific is the third largest and fastest growing region in the injection pen market over the forecast period owing to the increased prevalence of chronic disorders, increased demand of advanced technology in healthcare, and high patient pool. Furthermore, the increase in disposable income is also expected to propel the growth of injection pen market in the near future.

Browse the full "Injection Pen Market by Type (Disposable and Reusable Pens), by Therapy (Growth Hormone Therapy, Osteoporosis, Fertility, Diabetes, and Other Therapies), and by End User (Hospitals and Home care): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/injection-pen-market

Latin America and the Middle East & Africa are slow growing economies over the forecast period and growth of injection pen market in these regions are backed by various government initiatives over the period of time. All the above-mentioned factors are expected to support the growth of the injection pen market over the forecast period.

Some of the major players of the injection pen market include Sanofi, Eli Lilly and Company, Merck & Co., Inc., Becton, Dickinson and Company (BD), Biocorp Production SA, F.Hoffman-La Roche Ltd., AstraZeneca PLC, Novo Nordisk, Pfizer, Owen Mumford Ltd., Ypsomed Holding AG, Novartis, Wilhelm Haselmeier GmbH & Co. KG, and others. 

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This report segments the global injection pen market as follows:

Global Injection Pen Market: Type Segment Analysis

  • Disposable 
  • Reusable Pens

Global Injection Pen Market: Therapy Segment Analysis

  • Growth Hormone Therapy
  • Osteoporosis
  • Fertility
  • Diabetes
  • Other Therapies

Global Injection Pen Market: End-User Segment Analysis

  • Hospitals
  • Home care

Global Injection Pen Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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