Injection Pen Market – Scope of the Report
TMR’s report on the global injection pen market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2020 to 2030. The report provides the overall revenue of the global injection pen market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global injection pen market for the forecast period.
The report has been prepared after an extensive research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global injection pen market.
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High Prevalence of Diabetes to Boost Demand for Injection Pens
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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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
Key Players of Injection Pen Market Report –
Key players operating in the global injection pen market include
- Eli Lilly Company
- Novo Nordisk
- Owen Mumford
- Hoffman-La Roche
- Merck Group
- Gerresheimer AG
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