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Global Insulin Pens Market to reach USD 116.1 million by 2027.

Global Insulin Pens Market Size study, by Product Type (Disposable Pens, Reusable Pens), by Application (Online Pharmacies, Hospital Pharmacies, Retail Pharmacies) and Regional Forecasts 2020-2027

Product Code: HALMDAE_27768401
Publish Date: 24-09-2020
Page: 200

Global Insulin Pens Market is valued approximately at USD 51.5 million in 2019 and is anticipated to grow with a healthy growth rate of more than 10.7% over the forecast period 2020-2027. Insulin pens are growing in popularity, and many patients with diabetes are using this pen to administer or regulate insulin level. These pens allow more simple, precise, and accessible delivery than using a syringe and vial. More often, few individuals are preferring insulin pens as a way to make taking insulin less intrusive and inconvenient. Also, its low-cost availability increases its affordability and demand amongst different age group of individuals. Most of the pens consist of two categories, such as reusable and disposable insulin pens. Pre-filled insulin pen is a sort of disposable pen which are preferred by individual for insulin infusion. Insulin pen needles are compact-sized and thinner than syringes. Rise in prevalence of diabetes and obesity among individuals, along with growing government support and reimbursement policy for diabetes management are the few factors responsible for the high CAGR of the market during the forecast period. According to the International Diabetic Federation (IDF), globally, the number of patients with diabetes estimated around 463 million whose aged between 20-79 years in 2019, and likely to grow almost 700 million by the year 2045. Indeed, more than 60% of the persons with diabetes living across Asia and the Western Pacific region. This, in turn, is likely to strengthen the demand for insulin pens, thereby contributing to the market growth around the world. However, the lack of proper knowledge over the dosage levels and strict government regulation concerning patient safety are the prime factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Insulin Pens market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of large patients pool of diabetes, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in growing government programs for obesity and diabetes management, coupled with improving healthcare infrastructure in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the Insulin Pens market in the Asia-Pacific region.

Major market player included in this report are:
Becton, Dickinson and Company
Nova Nordisk, Inc.
Vogt Medical Vertrieb GmbH
MedExel Co., Ltd.
Owen Mumford Ltd.
Perrigo Diabetes Care, LLC
Sanofi S.A.
Eli Lilly and Company
Biocon Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Disposable Pens
Reusable Pens

By Application:
Online Pharmacies
Hospital Pharmacies
Retail Pharmacies

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Insulin Pens Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. Insulin Pens Market, by Region, 2018-2027 (USD Million)
1.2.2. Insulin Pens Market, by Product Type, 2018-2027 (USD Million)
1.2.3. Insulin Pens Market, by Application, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Insulin Pens Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Insulin Pens Market Dynamics
3.1. Insulin Pens Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Insulin Pens Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Insulin Pens Market, by Product Type
5.1. Market Snapshot
5.2. Global Insulin Pens Market by Product Type, Performance – Potential Analysis
5.3. Global Insulin Pens Market Estimates & Forecasts by Product Type 2017-2027 (USD Million)
5.4. Insulin Pens Market, Sub Segment Analysis
5.4.1. Disposable Pens
5.4.2. Reusable Pens
Chapter 6. Global Insulin Pens Market, by Application
6.1. Market Snapshot
6.2. Global Insulin Pens Market by Application, Performance – Potential Analysis
6.3. Global Insulin Pens Market Estimates & Forecasts by Application 2017-2027 (USD Million)
6.4. Insulin Pens Market, Sub Segment Analysis
6.4.1. Online Pharmacies
6.4.2. Hospital Pharmacies
6.4.3. Retail Pharmacies
Chapter 7. Global Insulin Pens Market, Regional Analysis
7.1. Insulin Pens Market, Regional Market Snapshot
7.2. North America Insulin Pens Market
7.2.1. U.S. Insulin Pens Market Product Type breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Insulin Pens Market
7.3. Europe Insulin Pens Market Snapshot
7.3.1. U.K. Insulin Pens Market
7.3.2. Germany Insulin Pens Market
7.3.3. France Insulin Pens Market
7.3.4. Spain Insulin Pens Market
7.3.5. Italy Insulin Pens Market
7.3.6. Rest of Europe Insulin Pens Market
7.4. Asia-Pacific Insulin Pens Market Snapshot
7.4.1. China Insulin Pens Market
7.4.2. India Insulin Pens Market
7.4.3. Japan Insulin Pens Market
7.4.4. Australia Insulin Pens Market
7.4.5. South Korea Insulin Pens Market
7.4.6. Rest of Asia Pacific Insulin Pens Market
7.5. Latin America Insulin Pens Market Snapshot
7.5.1. Brazil Insulin Pens Market
7.5.2. Mexico Insulin Pens Market
7.6. Rest of The World Insulin Pens Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Becton, Dickinson and Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Nova Nordisk, Inc.
8.2.3. Vogt Medical Vertrieb GmbH
8.2.4. MedExel Co., Ltd.
8.2.5. Owen Mumford Ltd.
8.2.6. Perrigo Diabetes Care, LLC
8.2.7. HTL-STREFA, Inc.
8.2.8. Sanofi S.A.
8.2.9. Eli Lilly and Company
8.2.10. Biocon Limited
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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