(USA, NY, New York City) Injection pen market 2020 is all set to garner significant prominence at a rate of 6.5% over the analysis period (2018–2023), estimates MRFR (Market Research Future). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Key Drivers and Barriers
Conventional delivery modes of injecting drugs like vials and syringes are continuously being replaced by injection pens and drug delivery pumps, which are far more flexible and convenient. Injection pens have extensive applications in managing multiple chronic disorders including osteoporosis, diabetes, arthritis and growth hormone deficiency. Increasing adoption of injection pens for preventing, treating and managing diseases is an indication of market’s rapid growth. The rising cases of diabetes across the globe have raised the demand for insulin, which ultimately
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The vital contenders in the injection pen market are Sanofi (France), Ypsomed (Switzerland), AstraZeneca (U.K.), F.Hoffman-La Roche (Switzerland), Merck (U.S.), Owen Mumford (U.K.), Novartis (Switzerland), Pfizer (U.S.), Novo Nordisk (Denmark), Eli Lilly (U.S.), Haselmeier (Switzerland), Becton Dickinson and Company (U.S.), Jiangsu Delfu medical device Co. Ltd (China), and Biocon Ltd (India).
The segmental investigation of the injection pen market is conducted on the basis of product, therapy, distribution channel, type, region, and end-user. On the basis of types, the injection pen market is segmented into reusable injection pens and disposable injection pens. On the basis of end-user type, the injection pen market is segmented into hospitals, home care, and clinics. The injection pen market is segmented into retail pharmacies, online medical stores, hospital pharmacies, and diabetes clinics based on the distribution channel. Based on the product, the injection pen market is divided into insulin pens and pen needles. Based on the regions, the injection pen market is segmented into America, the Middle East, Europe, Asia Pacific, and Africa. Based on the therapy, the injection pen market is segmented into fertility, diabetes, Crohn’s disease, osteoporosis, multiple sclerosis, cardiovascular diseases, rheumatoid arthritis, growth hormone therapy obesity, cancer, and others.
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The injection pen market’s regional scrutiny includes regions such as America, the Middle East, Europe, Asia Pacific, and Africa. The Americas region’s injection pen market is expected to control the global market due to the intensifying frequency of diabetes and cancer cases, the growing number of endorsements, and the unveilings of new products throughout the forecast period. The European injection pen market is expected to embrace the next position in the market. It is projected that the sophisticated healthcare segment and the growing prevalence of chronic diseases in this region are expected to push the injection pen market. The Asia Pacific injection pen market is the firmest increasing region in the market due to the massive number of patients with continuing diseases. The Middle Eastern and African regions accounted for the bottom market part of the injection pen market. Though, some noticeable companies are participating in the Middle Eastern region, which is expected to back the development of the injection pen market in the forecast period.
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