The global injection pen market is projected to grow at a CAGR of 6.8% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for modern and self-drug delivery devices for patients across the globe. The ability to self-inject is one of the prominent drivers for the growth of the injection pens market, which encourages its adoption over the forecast period. These injection pens are primarily used for the subcutaneous delivery of the drugs and also for the self-administration of the drugs. Moreover, the rising prevalence of various disorders such as diabetes, arthritis, and hormonal disorders across the globe is also promoting the growth of the market.
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Further, there has also been a significant shift from the syringes and vial for the drug delivery to the self-injection among the patients, as these novel drug delivery devices are known to be easier and more convenient for the patients to use. The injection pens also leverage the benefit of home care treatment solutions, which again is a major factor accelerating the growth of the injection pen market over the forecast period. Furthermore, the contributions by the key players in the development of more advanced injection pens are also contributing to the market growth, as these are widely preferred by nearly half of the patient pool suffering from diabetes problems.
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Segmentation
Global Injection Pen Market by Type
o Reusable
o Disposable
Global Injection Pen Market by Disorder Type
o Autoimmune Disorders
o Hormonal Disorder
o Orphan Diseases
o Others
Company Profiles
• AstraZeneca Plc
• Bayer AG
• Becton, Dickinson & Co.
• Biocorp Production SA
• Copernicus
• Eli Lilly and Co.
• F. Hoffmann-La Roche Ltd.
• Gerresheimer AG
• Haselmeier GmbH
• Merck KGaA
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