The global Diabetes Pen Market was valued at USD 5.86 billion in 2016 and is projected to reach USD 11.19 billion by 2025, growing at a CAGR of 7.45% from 2017 to 2025.
An insulin pen is used to inject insulin for the treatment of diabetes. Insulin is a hormone produced by the pancreas. The increasing prevalence of diabetic patients all over the globe paired with increasing geriatric population are some drivers to the market.
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Market Dynamics:
1.1 Growth in prevalence of diabetes cases in varied age group
1.2 Growth in product launches
1.3 Promising regulations
1.4 Growth in awareness amongst people
2.1 Increased R&D investments.
2.2 Safety issues related to reusable injection pen restrain the market
Market Segmentation:
1.1 type I diabetes
1.2 type II diabetes
2.1 Insulin Pens
2.2 Insulin pen needles
3.1 Disposable
3.2 Reusable
4.1 insulin
4.2 glucagon-like peptide-1
4.3 growth hormones
5.1 hospitals
5.2 clinics
5.3 home care settings
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Diabetes Pen Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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