![]() ![]() To increase their market share, market players take up various strategies such as product launches, regional expansion, and technological advancements. Moreover, it can be easily used by the large patient population with minimal training with does not require constant assistance from of healthcare professionals, owing to which injection pens are largely adopted in home healthcare settings, thereby driving its market growth.įurthermore, the injection pen market is characterized by the presence of various market players. It has become new standard for injectable drug delivery among large patient population on a global level. Furthermore, other chronic conditions such as osteoporosis, cardiovascular disorders, and multiple sclerosis require frequent drug administration for treatment and disease management.Īs per the WHO, cardiovascular disorders are the leading cause of death - nearly 17.9 million deaths are reported every year due to cardiovascular disorders. The increase in disease prevalence is about 35% over the predicted period. Diabetes is one of the biggest global health problems of the 21st century.Īccording to the International Diabetes Federation (IDF), the number of people with diabetes in North America was about 46 million in 2019 and is projected to increase to 62 million by 2045. With the accelerating urbanization, people are more inclined toward sedentary lifestyle, which results in obesity and diabetes. Emerging markets will be hit hardest, as population explosion is expected in developing countries. According to the World Health Organization (WHO), the prevalence of chronic lifestyle diseases is projected to reach 57% by 2026. The aging population and changes in social behavior contribute to a few common and costly long-term health problems. These injection pens have surpassed the sales of vials for insulin administration to treat diabetes type 2. Sometime injection pens are also referred as insulin pen. At present, injection pens are majorly used for insulin administration. Injection pen is one of the best alternatives over the daily syringes. However, the availability of alternative drug delivery devices and inadequate reimbursement scenario hinder the market growth.Īn injection pen is a medical device used for incorporating medicine under the skin with the help of needle. Prevalence of chronic disorders and growth in strategic developments are among the key forces driving the market. The injection pen market is expected to reach US$ 60,332.97 million by 2028 from US$ 37,261.35 million in 2021 it is estimated to register a CAGR of 7.14% from 2022 to 2028. 20, 2023 /PRNewswire/ - The "Injection Pen Market Forecast to 2028 - Global Analysis by Type, Therapy, and End User" report has been added to 's offering. ![]()
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