Injection Pen Market
Injection pens have emerged as one of the most user-friendly and effective treatment alternative to address a broad spectrum of medical conditions, including diabetes, rheumatoid arthritis, obesity, and insulin deficiency. At present, injection pens are extensively used by over half of the patient population suffering from insulin-related problems– a factor that is expected to drive the global injection pen market in the upcoming years. In addition, as manufacturers operating in the current market landscape continue to focus on improving the design parameters of their injection pens, the demand is further expected to grow at a promising rate in the near future.
Some of the key pointers on which injection pen manufacturers are closely working on include ease of cartilage replacement, injection convenience, insulin-dose setting dial use, and prominence of audio clicks. While these factors are anticipated to improve the performance and quality of insulin injection pens, the demand is expected to move in the upward direction around the world. The rise in the number of individuals suffering from diabetes and the growing adoption of injection pens, particularly in home care settings, are primary factors expected to propel the demand for injection pens during the forecast period.
At the back of these factors, along with the launch of user-friendly, cost-efficient, and sleek injection pens, the global injection pen market is expected to reach US$ 6 Bn mark by the end of 2030.
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Over the past few years, insulin pens have garnered immense popularity around the world and as per current observable trends, insulin pens are rapidly replacing conventional manual vial and syringes that are used for insulin injections. Key factors that are currently driving the demand for insulin pens include ease of use, user-friendliness, and high accuracy in insulin delivery. In addition, the availability of insulin pens in durable or pre-filled designs wherein an interchangeable insulin cartridge is used, and the availability of a range of insulin formulations are some of the other factors that are expected to fuel the growth of the global injection pen market. Moreover, as increasing number of manufacturers continue to introduce insulin pens with color codes to enable patients to distinguish between various insulin formulations, patient pen-selection errors have reduced considerably. While these factors are projected to play a key role in driving the sales of insulin pens in the forthcoming years, the rise in the prescription of injection pens around the world will provide an impetus for growth of the global injection pen market.
Insulin pens are extensively used as an insulin delivery device in several regions of the world, including Europe. The adoption of insulin pens in the U.S. is relatively lower than the aforementioned region largely due to the lack of awareness and the significantly high prescription costs of insulin cartridges in comparison with insulin vials.
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Insulin pens have garnered immense popularity around the world, mainly in Japan, Europe, the U.K., and some countries of the Asia Pacific. Insulin pens are increasingly being used to treat diabetes in these regions and the trend is expected to continue over the course of the forecast period. While injection pens are expected to play a key role in the treatment of diabetes and insulin-related problems, injection pens are increasingly being used to deliver medication to patients suffering from rheumatoid arthritis. The ease of grip provided by injection pens and in performing self-injection procedures has driven the adoption of injection pens over the past few years– a trend that is likely to continue during the forecast period. This is anticipated to drive the injection pen market in the near future.
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While the COVID-19 pandemic has impacted the growth of a range of industrial sectors, including oil & gas, automotive, consumer goods, and electronics, the healthcare sector is increasingly being burdened with the mounting number of COVID-19 patients across the world. In addition, as research and development activities are in full swing to discover a vaccine for the novel coronavirus, the demand for injection pens is anticipated to grow at an exponential rate upon the arrival of the vaccine. While the adoption of injection pens is expected to increase in 2021 as a vaccine delivery device for the COVID-19 disease, their demand to manage other health conditions is expected to remain steady. Thus, the injection pen market is anticipated to not be impacted by the ongoing pandemic.
Analysts’ Viewpoint
The global injection pen market is expected to expand at a moderate CAGR during the assessment period. The market growth is largely driven by the rising number of diabetic patients worldwide, increasing adoption of injection pens to manage various medical conditions, and user-friendliness of the device. Market players should focus on tapping into opportunities across the Asia Pacific and North America to establish a solid foothold in the market. Moreover, market players should focus on improving the design parameters of their products and comply with the regulatory framework to gain approval for new products. Moreover, injection pen market players should focus on increasing awareness regarding the benefits of injection pens to gain competitive edge in the current market landscape.
Injection Pen Market – Segmentation
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Injection pen market to reach valuation of US$ 6 Bn by 2030
Injection pen market is driven by rise in prevalence of diabetes across the globe
North America region is accounted for major market share in the global injection pen market
The disposable segment dominated the global injection pen market and the trend is projected to continue during the forecast period
Key players in the global injection pen market include Eli Lilly, Novo Nordisk, Owen Mumford, Sanofi, F. Hoffman-La Roche
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Injection Pen Market
4. Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Injection Pen Market Analysis and Forecast, 2018–2030
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Rising incidences & prevalence of diabetes
5.2. Growing prevalence of chronic diseases
5.3. COVID-19 Pandemic Impact on Global Injection Pen Market
6. Global Injection Pen Market Analysis and Forecast, by Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Global Injection Pen Market Value Forecast, by Type, 2018–2030
6.3.1. Reusable
6.3.2. Disposable
6.4. Market Attractiveness Analysis, by Type
7. Global Injection Pen Market Analysis and Forecast, by Indication
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Global Injection Pen Market Value Forecast, by Indication, 2018–2030
7.3.1. Diabetes
7.3.2. Growth Hormone Therapy
7.3.3. Auto immune
7.3.4. Others
7.4. Global Injection Pen Market Attractiveness Analysis, by Indication
8. Global Injection Pen Market Analysis and Forecast, by Distribution Channel
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Global Injection Pen Market Value Forecast, by Distribution Channel, 2018–2030
8.3.1. Hospital Pharmacies
8.3.2. Retail Pharmacies
8.3.3. Online Pharmacies
8.4. Global Injection Pen Market Attractiveness Analysis, by Distribution Channel
9. Global Injection Pen Market Analysis and Forecast, by Region
9.1. Key Findings
9.2. Global Injection Pen Market Value Forecast, by Region
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Latin America
9.2.5. Middle East & Africa
9.3. Global Injection Pen Market Attractiveness Analysis, by Region
10. North America Injection Pen Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. North America Injection Pen Market Value Forecast, by Type, 2018–2030
10.2.1. Reusable
10.2.2. Disposable
10.3. North America Injection Pen Market Value Forecast, by Indication, 2018–2030
10.3.1. Diabetes
10.3.2. Growth Hormone Therapy
10.3.3. Auto immune
10.3.4. Others
10.4. North America Injection Pen Market Value Forecast, by Distribution Channel, 2018–2030
10.4.1. Hospital Pharmacies
10.4.2. Retail Pharmacies
10.4.3. Online Pharmacies
10.5. North America Injection Pen Market Value Forecast, by Country, 2018–2030
10.5.1. U.S.
10.5.2. Canada
10.6. North America Injection Pen Market Attractiveness Analysis
10.6.1. By Type
10.6.2. By Indication
10.6.3. By Distribution Channel
10.6.4. By Country
11. Europe Injection Pen Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Europe Injection Pen Market Value Forecast, by Type, 2018–2030
11.2.1. Reusable
11.2.2. Disposable
11.3. Europe Injection Pen Market Value Forecast, by Indication, 2018–2030
11.3.1. Diabetes
11.3.2. Growth Hormone Therapy
11.3.3. Auto immune
11.3.4. Others
11.4. Europe Injection Pen Market Value Forecast, by Distribution Channel, 2018–2030
11.4.1. Hospital Pharmacies
11.4.2. Retail Pharmacies
11.4.3. Online Pharmacies
11.5. Europe Injection Pen Market Value Forecast, by Country/Sub-region, 2018–2030
11.5.1. Germany
11.5.2. U.K.
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Europe Injection Pen Market Attractiveness Analysis
11.6.1. By Type
11.6.2. By Indication
11.6.3. By Distribution Channel
11.6.4. By Country/Sub-region
12. Asia Pacific Injection Pen Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Asia Pacific Injection Pen Market Value Forecast, by Type, 2018–2030
12.2.1. Reusable
12.2.2. Disposable
12.3. Asia Pacific Injection Pen Market Value Forecast, by Indication, 2018–2030
12.3.1. Diabetes
12.3.2. Growth Hormone Therapy
12.3.3. Auto immune
12.3.4. Others
12.4. Asia Pacific Injection Pen Market Value Forecast, by Indication, 2018–2030
12.4.1. Hospital Pharmacies
12.4.2. Retail Pharmacies
12.4.3. Online Pharmacies
12.5. Asia Pacific Injection Pen Market Value Forecast, by Country/Sub-region, 2018–2030
12.5.1. China
12.5.2. Japan
12.5.3. India
12.5.4. Australia & New Zealand
12.5.5. Rest of Asia Pacific
12.6. Asia Pacific Injection Pen Market Attractiveness Analysis
12.6.1. By Type
12.6.2. By Indication
12.6.3. By Distribution Channel
12.6.4. By Country/Sub-region
13. Latin America Injection Pen Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Latin America Injection Pen Market Value Forecast, by Type, 2018–2030
13.2.1. Reusable
13.2.2. Disposable
13.3. Latin America Injection Pen Market Value Forecast, by Indication, 2018–2030
13.3.1. Diabetes
13.3.2. Growth Hormone Therapy
13.3.3. Auto immune
13.3.4. Non-invasive Ventilation
13.3.5. Others
13.4. Latin America Injection Pen Market Value Forecast, by Distribution Channel, 2018–2030
13.4.1. Hospital Pharmacies
13.4.2. Retail Pharmacies
13.4.3. Online Pharmacies
13.5. Latin America Injection Pen Market Value Forecast, by Country/Sub-region, 2018–2030
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Injection Pen Market Attractiveness Analysis
13.6.1. By Type
13.6.2. By Indication
13.6.3. By Distribution Channel
13.6.4. By Country/Sub-region
14. Middle East & Africa Injection Pen Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Middle East & Africa Injection Pen Market Value Forecast, by Type, 2018–2030
14.2.1. Reusable
14.2.2. Disposable
14.3. Middle East & Africa Injection Pen Market Value Forecast, by Indication, 2018–2030
14.3.1. Diabetes
14.3.2. Growth Hormone Therapy
14.3.3. Auto immune
14.3.4. Others
14.4. Middle East & Africa Injection Pen Market Value Forecast, by Distribution Channel, 2018–2030
14.4.1. Hospital Pharmacies
14.4.2. Retail Pharmacies
14.4.3. Online Pharmacies
14.5. Middle East & Africa Injection Pen Market Value Forecast, by Country/Sub-region, 2018–2030
14.5.1. GCC Countries
14.5.2. South Africa
14.5.3. Rest of Middle East & Africa
14.6. Middle East & Africa Injection Pen Market Attractiveness Analysis
14.6.1. By Type
14.6.2. By Indication
14.6.3. By Distribution Channel
14.6.4. By Country/Sub-region
15. Competitive Landscape
15.1. Market Player - Competition Matrix (by tier and size of companies)
15.2. Company Profiles
15.2.1. Eli Lilly and Company
15.2.1.1. Company Overview (HQ, Business Segments, Employee Strength)
15.2.1.2. Financial Overview
15.2.1.3. Product Portfolio
15.2.1.4. Strategic Overview
15.2.1.5. SWOT Analysis
15.2.2. Novo Nordisk
15.2.2.1. Company Overview (HQ, Business Segments, Employee Strength)
15.2.2.2. Financial Overview
15.2.2.3. Product Portfolio
15.2.2.4. Strategic Overview
15.2.2.5. SWOT Analysis
15.2.3. Owen Mumford
15.2.3.1. Company Overview (HQ, Business Segments, Employee Strength)
15.2.3.2. Product Portfolio
15.2.3.3. Strategic Overview
15.2.3.4. SWOT Analysis
15.2.4. Sanofi
15.2.4.1. Company Overview (HQ, Business Segments, Employee Strength)
15.2.4.2. Financial Overview
15.2.4.3. Product Portfolio
15.2.4.4. Strategic Overview
15.2.4.5. SWOT Analysis
15.2.5. F. Hoffman-La Roche
15.2.5.1. Company Overview (HQ, Business Segments, Employee Strength)
15.2.5.2. Financial Overview
15.2.5.3. Product Portfolio
15.2.5.4. Strategic Overview
15.2.5.5. SWOT Analysis
15.2.6. Merck Group
15.2.6.1. Company Overview (HQ, Business Segments, Employee Strength)
15.2.6.2. Financial Overview
15.2.6.3. Product Portfolio
15.2.6.4. Strategic Overview
15.2.6.5. SWOT Analysis
15.2.7. Haselmeier
15.2.7.1. Company Overview (HQ, Business Segments, Employee Strength)
15.2.7.2. Product Portfolio
15.2.7.3. Strategic Overview
15.2.7.4. SWOT Analysis
15.2.8. Gerresheimer AG
15.2.8.1. Company Overview (HQ, Business Segments, Employee Strength)
15.2.8.2. Product Portfolio
15.2.8.3. Strategic Overview
15.2.8.4. SWOT Analysis
15.2.9. BD
15.2.9.1. Company Overview (HQ, Business Segments, Employee Strength)
15.2.9.2. Financial Overview
15.2.9.3. Product Portfolio
15.2.9.4. Strategic Overview
15.2.9.5. SWOT Analysis
15.2.10. AstraZeneca
15.2.10.1. Company Overview (HQ, Business Segments, Employee Strength)
15.2.10.2. Product Portfolio
15.2.10.3. Strategic Overview
15.2.10.4. SWOT Analysis
List of Tables
Table 01: Global Injection Pen Market Value (US$ Mn) Forecast, by Type, 2018–2030
Table 02: Global Injection Pen Market Volume(Units) Forecast, by Type, 2018–2030
Table 03: Global Injection Pen Market Value (US$ Mn) Forecast, by Indication, 2018–2030
Table 04: Global Injection Pen Market Value (US$ Mn) Forecast, by Distribution Channel, 2018–2030
Table 05: Global Injection Pen Market Value (US$ Mn) Forecast, by Region, 2018–2030
Table 06: North America Injection Pen Market Value (US$ Mn) Forecast, by Country, 2018–2030
Table 07: North America Injection Pen Market Value Forecast, by Type, 2018–2030
Table 08: North America Injection Pen Market Volume (Units) Forecast, by Type, 2018–2030
Table 09: North America Injection Pen Market Value (US$ Mn) Forecast, by Indication, 2018–2030
Table 10: North America Injection Pen Market Value (US$ Mn) Forecast, by Distribution Channel, 2018–2030
Table 11: Europe Injection Pen Market Value (US$ Mn) Forecast, by Type, 2018–2030
Table 12: Europe Injection Pen Market Volume (Units) Forecast, by Type, 2018–2030
Table 13: Europe Injection Pen Market Value (US$ Mn) Forecast, by Indication, 2018–2030
Table 14: Europe Injection Pen Market Value (US$ Mn) Forecast, by Distribution Channel, 2018–2030
Table 15: Asia Pacific Injection Pen Market Value (US$ Mn) Forecast, by Type, 2018–2030
Table 16: Asia Pacific Injection Pen Market Volume (Units) Forecast, by Type, 2018–2030
Table 17: Asia Pacific Injection Pen Market Value (US$ Mn) Forecast, by Indication, 2018–2030
Table 18: Asia Pacific Injection Pen Market Value (US$ Mn) Forecast, by Distribution Channel, 2018–2030
Table 19: Latin America Injection Pen Market Value (US$ Mn) Forecast, by Type, 2018–2030
Table 20: Latin America Injection Pen Market Volume (Units) Forecast, by Type, 2018–2030
Table 21: Latin America Injection Pen Market Value (US$ Mn) Forecast, by Indication, 2018–2030
Table 22: Latin America Injection Pen Market Value (US$ Mn) Forecast, by Distribution Channel, 2018–2030
Table 23: Middle East & Africa Injection Pen Market Value (US$ Mn) Forecast, by Type, 2018–2030
Table 24: Middle East & Africa Injection Pen Market Volume (Units) Forecast, by Type, 2018–2030
Table 25: Middle East & Africa Injection Pen Market Value (US$ Mn) Forecast, by Indication, 2018–2030
Table 26: Middle East & Africa Injection Pen Market Value (US$ Mn) Forecast, by Distribution Channel, 2018–2030
List of Figures
Figure 01: Global Injection Pen Market Value (US$ Mn) Forecast, 2018–2030
Figure 02: Global Injection Pen Market Value Share, by Type, 2019
Figure 03:Global Injection Pen Market Value Share, by Indication, 2019
Figure 04: Global Injection Pen Market Value Share, by Distribution Channel, 2019
Figure 05: Global Injection Pen Market Value Share Analysis, by Type, 2019 and 2030
Figure 06: Global Injection Pen Market Value (US$ Mn), by Reusable , 2018–2030
Figure 07: Global Injection Pen Market Value (US$ Mn), by Disposable , 2018–2030
Figure 08: Global Injection Pen Market Attractiveness Analysis, by Type, 2020–2030
Figure 09: Global Injection Pen Market Value Share Analysis, by Indication, 2019 and 2030
Figure 10: Global Injection Pen Market Value (US$ Mn), by Diabetes , 2018–2030
Figure 11: Global Injection Pen Market Value (US$ Mn), by Growth Hormone Therapy , 2018–2030
Figure 12: Global Injection Pen Market Value (US$ Mn), by Autoimmune, 2018–2030
Figure 13: Global Injection Pen Market Value (US$ Mn), by Others, 2018–2030
Figure 14: Global Injection Pen Market Attractiveness Analysis, by Indication, 2020–2030
Figure 15: Global Injection Pen Market Value Share Analysis, by Distribution Channel, 2019 and 2030
Figure 16: Global Injection Pen Market Value (US$ Mn), by Hospital Pharmacies, 2018–2030
Figure 17: Global Injection Pen Market Value (US$ Mn), by Retail Pharmacies, 2018–2030
Figure 18: Global Injection Pen Market Attractiveness Analysis, by Distribution Channel, 2020–2030
Figure 19 : Global Injection Pen Market Value Share Analysis, by Region, 2019 and 2030
Figure 20 : Global Injection Pen Market Attractiveness Analysis, by Region, 2020–2030
Figure 21: North America Injection Pen Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2030
Figure 22: North America Injection Pen Market Value Share (%), by Country, 2019 and 2030
Figure 23: North America Injection Pen Market Attractiveness Analysis, by Country, 2020–2030
Figure 24: North America Injection Pen Market Value Share (%), by Type, 2019 and 2030
Figure 25: North America Injection Pen Market Attractiveness Analysis, by Type, 2020–2030
Figure 26: North America Injection Pen Market Value Share (%), by Indication, 2019 and 2030
Figure 27: North America Injection Pen Market Attractiveness Analysis, by Indication, 2020–2030
Figure 28: North America Injection Pen Market Value Share (%), by Distribution Channel, 2019 and 2030
Figure 29: North America Injection Pen Market Attractiveness Analysis, by Distribution Channel, 2020–2030
Figure 30: Europe Injection Pen Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2030
Figure 31: Europe Injection Pen Market Value Share (%), by Country/Sub-region, 2019 and 2030
Figure 32: Europe Injection Pen Market Attractiveness Analysis, by Country/Sub-region, 2020–2030
Figure 33: Europe Injection Pen Market Value Share (%), by Type, 2019 and 2030
Figure 34: Europe Injection Pen Market Attractiveness Analysis, by Type, 2020–2030
Figure 35: Europe Injection Pen Market Value Share (%), by Indication, 2019 and 2030
Figure 36: Europe Injection Pen Market Attractiveness Analysis, by Indication, 2020–2030
Figure 37: Europe Injection Pen Market Value Share (%), by Distribution Channel, 2019 and 2030
Figure 38: Europe Injection Pen Market Attractiveness Analysis, by Distribution Channel, 2020–2030
Figure 39: Asia Pacific Injection Pen Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2030
Figure 40: Asia Pacific Injection Pen Market Value Share (%), by Country/Region, 2019 and 2030
Figure 41: Asia Pacific Injection Pen Market Attractiveness Analysis, by Country/Region, 2020–2030
Figure 42: Asia Pacific Injection Pen Market Value Share (%), by Type, 2019 and 2030
Figure 43: Asia Pacific Injection Pen Market Attractiveness Analysis, by Type, 2020–2030
Figure 44: Asia Pacific Injection Pen Market Value Share (%), by Indication, 2019 and 2030
Figure 45: Asia Pacific Injection Pen Market Attractiveness Analysis, by Indication, 2020–2030
Figure 46: Asia Pacific Injection Pen Market Value Share (%), by Distribution Channel, 2019 and 2030
Figure 47: Asia Pacific Injection Pen Market Attractiveness Analysis, by Distribution Channel, 2020–2030
Figure 48: Latin America Injection Pen Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2030
Figure 49: Latin America Injection Pen Market Value Share (%), by Country/Region, 2019 and 2030
Figure 50: Latin America Injection Pen Market Attractiveness Analysis, by Country/Region, 2020–2030
Figure 51: Latin America Injection Pen Market Value Share (%), by Type, 2019 and 2030
Figure 52: Latin America Injection Pen Market Attractiveness Analysis, by Type, 2020–2030
Figure 53: Latin America Injection Pen Market Value Share (%), by Indication, 2019 and 2030
Figure 54: Latin America Injection Pen Market Attractiveness Analysis, by Indication, 2020–2030
Figure 55: Latin America Injection Pen Market Value Share (%), by Distribution Channel, 2019 and 2030
Figure 56: Latin America Injection Pen Market Attractiveness Analysis, by Distribution Channel, 2020–2030
Figure 57: Middle East & Africa Injection Pen Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2030
Figure 58: Middle East & Africa Injection Pen Market Value Share (%), by Country/Region, 2019 and 2030
Figure 59: Middle East & Africa Injection Pen Market Attractiveness Analysis, by Country/Region, 2020–2030
Figure 60: Middle East & Africa Injection Pen Market Value Share (%), by Type, 2019 and 2030
Figure 61: Middle East & Africa Injection Pen Market Attractiveness Analysis, by Type, 2020–2030
Figure 62: Middle East & Africa Injection Pen Market Value Share (%), by Indication, 2019 and 2030
Figure 63: Middle East & Africa Injection Pen Market Attractiveness Analysis, by Indication, 2020–2030
Figure 64: Middle East & Africa Injection Pen Market Value Share (%), by Distribution Channel, 2019 and 2030
Figure 65: Middle East & Africa Injection Pen Market Attractiveness Analysis, by Distribution Channel, 2020–2030
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*86 figures and 60 tables includes