Global Injection Pen Market Size By Type, By Therapy, By End User, By Geographic Scope And Forecast
Injection Pen MarketSize And Forecast
Injection Pen Market was valued at USD 32.66 Billion in 2018 and is projected to reach USD 51.91 Billion by 2026, growing at a CAGR of 5.98 % from 2019 to 2026.
Global Injection Pen Market Overview
The growth of this market is mainly driven by factors such as the rising prevalence of chronic diseases, a growing number of regulatory approvals, and favorable reimbursement in developed economies, and government support. Injection pens are growing in popularity due to the development of delivery device technology and rising application pens by people with diabetes to administer insulin. Healthcare businesses are growing and expanding in response to growing medical needs, out of those injection pens has tremendous potential. As the aging population is increasing in developed as well as developing countries. Hence, to respond players are focusing toward research and development. Furthermore, the growing prevalence of diabetes in impelling growth to the demand. According to the World Health Organization, the global prevalence of diabetes rises from 4.7% in 1980 to 8.5% in 2014 and was estimated as the seventh leading cause of death in 2016.
Global Injection Pen Market: Segmentation Analysis
The Global Injection Pen Market is segmented based on Type, Therapy, End User, and Geography.
Key Players In Injection Pen Market
The Global Injection Pen Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Novo Nordisk
- ELI Lilly and Company
- F.Hoffman-La Roche
- Dickinson and Company
- Owen Mumford
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