Injection pen is an insulin pen utilized to inject insulin for the treatment of diabetes. Insulin is a hormone delivered by the pancreas. It is made out of an insulin cartridge (incorporated or purchased independently) and a dial to gauge the measurements and is utilized with expendable pen needles to convey the dosage. It was presented and advertised as NovoPen by the Danish organization Novo Nordisk in 1985.

INJECTION PEN MARKET OUTLOOK

Technological advancements in the injection pens, new product launches, occurrence of diabetes globally, government support and better reimbursement policies are some of the factors which drive the global injection pen market. However, shifting preference for alternative drug delivery modes, poor reimbursement scenario in developing countries may hamper the growth of this market.

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INJECTION PEN MARKET SEGMENTAL OVERVIEW

The global injection pen market is segmented on the basis of type, therapy, end user and region. 

INJECTION PEN MARKET BY TYPE 

By type, the market is classified into disposable injection pen and reusable injection pen. The disposable injection pens segment is relied upon to develop at the most elevated CAGR amid the figure time frame. The high development of this fragment can be credited to the advantages offered by disposable pens such as transportability, usability, and low plausibility of disease. 

INJECTION PEN MARKET BY THERAPY 

Based on therapy, the global injection pen market is fragmented into diabetes, growth hormone therapy, osteoporosis, fertility, and other therapies, (for example, various sclerosis, obesity, cardiovascular diseases, rheumatoid arthritis, and headache). The diabetes section is relied upon to develop at the most noteworthy CAGR amid the gauge time frame. The high development of this portion can be ascribed to the extensive diabetic populace over the globe and the good repayment situation for diabetes medications in created nations. 

INJECTION PEN MARKET BY END USER 

By end user segment, the market is categorized into home care and hospitals clinics. The homecare section is anticipated to register the most elevated CAGR amid the estimate time frame because of the developing interest for self-organization sedate conveyance gadgets and the developing commonness of interminable ailments. 

INJECTION PEN MARKET BY GEOGRAPHY 

Geographically, the global injection pen market is divided into North America, Europe, Asia Pacific and Rest of the World. Of these, the North American fragment is relied upon to represent the biggest share of the market in 2018. This can be ascribed to the rising commonness of diabetes, ideal repayment situation, and the expanding number of awareness programs in this area. Inclination for optional drug delivery modes and poor repayment situation in developing nations may hamper the development of this market amid the gauge time frame to a certain extent. For example, in emerging nations, like, China and India, no scope is accommodated for the home restorative gadgets, such as, injection pens, hence expanding the out-of-stash consumption by patients.

INJECTION PEN MARKET KEY PLAYERS

The major key players involve in this market are Novo Nordisk, Sanofi, ELI Lilly and Company, Merck, Ypsomed, Astrazeneca, F.Hoffman-La Roche, Becton, Dickinson and Company (BD), Owen Mumford, Novartis, Pfizer, Haselmeier etc. 

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