Injection Pen Market Size & Share | Statistics Report 2022, 2028

Injection Pen Market Forecast to 2028 - Global Analysis by Type (Disposable Injection Pens and Reusable Injection Pens), Therapy (Diabetes, Growth Hormone Therapy, Autoimmune Diseases, Fertility, Cancer, and Other Therapies), and End User (Hospitals and Clinics, Home Care, and Others)

  • Report Code : TIPRE00002867
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 170
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The injection pen market is projected 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.  

An injection pen is a medical device used for incorporating medicine under the skin with the help of needle. The product was first used in 1980s. Injection pen is one of the best alternatives over the daily syringes. The products are designed for individuals with poor vision, limited skill, self-medication in certain condition and others. At present, injection pens are majorly used for insulin administration. Sometime injection pens are also referred as insulin pen. These injection pens have surpassed the sales of vials for insulin administration to treat diabetes type 2.

The injection pen market is segmented into type, therapy, end user, and geography. By geography, the injection pen market is broadly divided into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The report offers insights and in-depth analysis of the market, emphasizing on parameters such as market trends, technological advancements, and market dynamics, along with the analysis of the competitive landscape of the world's leading market players.

Injection Pen Market -

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Injection Pen Market: Strategic Insights

injection-pen-market
Market Size Value inUS$ 37,261.35 Million in 2021
Market Size Value byUS$ 60,332.97 Million by 2028
Growth rateCAGR of 7.14% from 2022 to 2028
Forecast Period2022-2028
Base Year2021
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Market Insights

Growth in Strategic Developments

The injection pen market is characterized by the presence of various market players. To increase their market share, market players take up various strategies such as product launches, regional expansion, and technological advancements. Injection pens are more involved in continuous innovation and technological advances, leading to increased acceptance among industry players. Leading players invest in R&D to develop advanced technologies and gain more revenue.

A few recent developments related to injection pen are mentioned below:

  • In May 2022, FDA approved Lilly's Mounjaro injection, the first and only glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide-1 (GLP-1) receptor agonist for the treatment of type 2 diabetes in adults. Mounjaro is available in six doses (2.5 mg, 5 mg, 7.5 mg, 10 mg, 12.5 mg, and 15 mg) and comes in Lilly's well-established auto-injector pen with a pre-attached, hidden needle.
  • In January 2022, SHL Medical’s partnered with Innovation Zed for connected pen injector solutions. It launched InsulCheck DOSE, a connected add-on device that transforms traditional pen injectors into smart solutions to support the monitoring of disease management regimen.
  • In November 2021, Sanofi and Roche partnered to work together in France to increase the adoption of a connected add-on for disposable insulin pens. The partners will jointly develop a scientific educational program aimed at physicians and pharmacists.
  • In September 2021, BIOCORP and Novo Nordisk strengthened their partnership with a new agreement on Mallya Smart Sensor with Novo Nordisk FlexTouch insulin pens. A smart sensor called Mallya attaches directly to Novo Nordisk FlexTouch insulin pens. With Mallya, patients using FlexTouch pens will be able to capture and record daily insulin injection data, which includes insulin units, as well as date and time of the drug administration. Based on the agreement, Novo Nordisk will be commercializing Mallya in Japan from the first half of 2023.
  • In May 2021, Lilly collaborated internationally with leading diabetes technology companies to integrate connected insulin pen solutions for people with diabetes. The company signed strategic international agreements with four companies DexCom, Inc.; Glooko Inc.; myDiabby Healthcare; and Roche to advance connected solutions and streamline care for people suffering from diabetes.

Therefore, all the above-mentioned recent developments are driving the growth of injection pen market.

Increase in Biologics Patent Expiry and Use of Biosimilars

Biologics are widely developed for treating chronic disorders such as cancer, multiple sclerosis, and diabetes. These drugs are unique in their own way and manufacturers own patents of 20 years for manufacturing and distributing such drugs. As most of the patents are either expired or on the verge of expiry, other market players have begun launching their own version of such drugs, i.e., biosimilars. Biosimilars (generic drugs that are low priced and are preferred by the government and insurance companies) have gained tremendously traction over the past few years over the original biologics. The pharmaceutical market players are promoting the adoption of biosimilars, which further creates the demand for injection pens for its delivery. As per AJMC, a total of 40 biosimilars were approved and 25 new biosimilars were launched in the US till December 2022. Furthermore, there has been significant use of injectables on a large scale owing to prompt response, thus generating the demand for injection pens for safe.

Furthermore, the manufacturers of injection pen are constantly providing training for the proper use of injection pens to avoid associated danger such as needle stick injuries and hyperglycemia which are further expected to create opportunities for injection pen market. For instance, Noble, a Aptar Pharma company is the global leader in the medical device training solution which improves the patient experience and outcomes by developing patient-centric drug delivery training devices including injection pen, autoinjector, prefilled syringe and others. Therefore, increased use of biosimilars, patent expiry and increased use of injectables are likely to create ample opportunity for the growth of injection pen market in the coming years.

Technological Advancements and Healthcare Waste Reduction

Various market players are operating globally and striving hard to acquire a significant market share. There has been a notable growth in the use of injection pen for the treatment of various chronic disorders such as cancer, diabetes, cardiovascular disorders, and multiple sclerosis. Increase in home healthcare has further propelled the demand for injection pens. This has boosted the technological advancement in the injection pens. The manufacturers are focused on developing the next generation smart insulin pen for the delivery of metered insulin dosage. For instance, Medtronic plc launched InPen integrated with real-time Guardian Connect CGM data. InPen is the first and only FDA-cleared smart insulin pen on the market for people on multiple daily injections (MDI). This integrated system provides real-time glucose readings alongside insulin dose information giving users everything they need to manage their diabetes in one view. Rather than switching between apps, users can see all the required information in real time in one view, making it easier to make smarter dosing decisions to manage their sugar levels. Furthermore, the use of artificial intelligence will be the game changer, as it will keep a track of dose, date, and timing of drugs or insulin, which will be beneficial in a long term and helpful for the treatment and management of various conditions.

Conventional syringes used for the delivery of insulin and other injectables can be painful and uncomfortable for the patient on daily basis, and it also generate huge quantity of healthcare waste. Around 73% of insulin waste is associated with the use of conventional technology. With the use of injection pen, this waste is reduced to 3.6%, making a huge difference. Therefore, technological advancement and rising demand in the reduction of healthcare wastage are among the injection pen market trends.

Therapy-Based Insights

Based on therapy, the global injection pen market is segmented as diabetes therapy, growth hormone therapy, autoimmune diseases therapy, fertility therapy, cancer therapy, and Other Therapies. The diabetes therapy segment held the largest share of the market in 2021. The other therapies segment is expected to grow at the highest CAGR during the forecast period. Other therapies involve migraine therapy. Migraine is a neurological condition causing moderate to severe headaches. For instance, migraine is common, affecting 39 million individuals in the US and 1 billion people globally, as per the estimates published in Healthline Media UK Ltd press. Therefore, with a migraine self-injection pen, an individual can self-administer migraine medication by inserting it into the tissue beneath the skin. These pens on administration can either be preventive, containing medication to reduce the frequency and severity of migraine attacks, or acute attacks that help alleviate migraine headaches. Such notable developments will accelerate the overall demand for self-injection pens among individuals, fueling market growth during the forecast period.

Injection pen Market, by Therapy – 2021 and 2028

Injection pen Market, by Therapy – 2021 and 2028

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Product launches and mergers and acquisitions are the highly adopted strategies by the players operating in the global injection pen market. A few of the recent key product developments are listed below:

  • In May 2021, Lilly collaborated internationally with leading diabetes technology companies to integrate connected insulin pen solutions for people with diabetes. The company signed strategic international agreements with four companies DexCom, Inc., Glooko Inc., myDiabby Healthcare and Roche to advance connected solutions and streamline care for people suffering from diabetes.
  • In September 2021, BIOCORP and Novo Nordisk strengthened their partnership with a new agreement on Mallya Smart Sensor with Novo Nordisk FlexTouch insulin pens. A smart sensor called Mallya attaches directly to Novo Nordisk FlexTouch insulin pens. With Mallya, patients using FlexTouch pens will be able to capture and record daily insulin injection data, which includes insulin units, as well as date and time of the drug administration. Based on the agreement, Novo Nordisk will be commercializing Mallya in Japan from the first half of 2023.

Injection Pen Market - Segmentation

Based on type, the injection pen market is segmented into disposable injection pens and reusable injection pens. By therapy, the market is classified into diabetes, growth hormone therapy, autoimmune diseases, fertility, cancer, and others. In terms of end user, the market is divided into hospitals and clinics, home care, and others. Based on geography, the injection pen market is divided into North America (the US, Canada, Mexico), Europe (France, Germany, the UK, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa), South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Injection Pen Market - Company Profiles

  • Eli Lilly and Co
  • Novo Nordisk AS
  • Owen Mumford Ltd
  • Sanofi SA
  • Merck KGaA
  • Haselmeier GmbH
  • Gerresheimer AG
  • Becton Dickinson and Co
  • AstraZeneca Plc
  • Teva Pharmaceutical Industries Ltd
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Therapy, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are Injection Pens?

An injection pen is a medical device used for incorporating medicine under the skin with the help of a needle. The product was first used in medical history in the 1980s. An injection pen is one of the good alternatives to the daily syringe. The products are designed for individuals with poor vision, limited skill, self-medication in a certain condition, and others. At, present products are majorly used for insulin administration. Sometimes injection pens are also referred to as Insulin pens. These products surpassed in sales for insulin administration for diabetes type 2 patients compared with vials in the United States. The product is also used to administer the drug hormonal therapy, for cancer and arthritis.

What are the driving factors for the Injection Pen market across the globe?

Key factors that are driving the growth of the market are the increasing prevalence of chronic disorders like Diabetes, Cancer, Arthritis, Hormonal disorders, and others. In addition, the growing adoption of technologies fuels the growth of the market. However, risks, complications, and injecting errors associated with an injection pen is expected to restrict the market growth during the forecast period.

What will be the CAGR of the Injection Pen market?

The Injection Pen market is anticipated to grow around 7.2% CAGR amid the forecast period 2022-2028.

Which region is projected to be the fastest-growing region in the global Injection Pen market?

Asia Pacific is projected to be the fastest-growing region in the global market.

What is the cost of an Injection Pen?

The costs of the Injection Pen are much higher, and they may cost US$ 6–60, or more, per type. The cost may also differ from product-to-product types.

1. Introduction

1.1 Scope of Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global Injection Pen Market – by Type

1.3.2 Global Injection Pen Market – by Therapy

1.3.3 Global Injection Pen Market – by End User

1.3.4 Global Injection Pen Market – by Geography

2. Injection Pen Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Injection Pen Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 North America PEST Analysis

4.2.2 Europe PEST Analysis

4.2.3 Asia Pacific PEST Analysis

4.2.4 South & Central America PEST Analysis

4.2.5 Middle East & Africa PEST Analysis

4.3 Expert’s Opinion

5. Injection Pen Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Prevalence of Chronic Disorders

5.1.2 Increase in Strategic Developments

5.2 Market Restraints

5.2.1 Presence of Alternative Drug Delivery Devices and Inadequate Reimbursement Scenario

5.3 Market Opportunities

5.3.1 Increase in Biologics Patent Expiry and Use of Biosimilars

5.4 Future Trends

5.4.1 Technological Advancements and Healthcare Waste Reduction

5.5 Impact Analysis

6. Injection Pen Market – Global Analysis

6.1 Global Injection Pen Market Revenue Forecast and Analysis

6.2 Global Injection Pen Market, by Geography – Forecast and Analysis

6.3 Market Positioning of Key Players

7. Global Injection Pen Market – Revenue and Forecast to 2028 – by Type

7.1 Overview

7.2 Injection Pen Market Revenue Share, by Type 2021 & 2028 (%)

7.3 Disposable Injection Pens

7.3.1 Overview

7.3.2 Disposable Injection Pens: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Reusable Injection Pens

7.4.1 Overview

7.4.2 Reusable Injection Pens: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

8. Global Injection Pen Market Analysis and Forecast to 2028 – by Therapy

8.1 Overview

8.2 Global Injection Pen Market, by Therapy 2021 & 2028 (%)

8.3 Diabetes Therapy

8.3.1 Overview

8.3.2 Diabetes Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Growth Hormone Therapy

8.4.1 Overview

8.4.2 Growth Hormone Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Autoimmune Diseases Therapy

8.5.1 Overview

8.5.2 Autoimmune Diseases Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Fertility Therapy

8.6.1 Overview

8.6.2 Fertility Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Cancer Therapy

8.7.1 Overview

8.7.2 Cancer Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

8.8 Other Therapies

8.8.1 Overview

8.8.2 Other Therapies: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

9. Global Injection Pen Market – Revenue and Forecast to 2028 – by End User

9.1 Overview

9.2 Injection Pen Market Revenue Share, by End User 2021 & 2028 (%)

9.3 Home Care

9.3.1 Overview

9.3.2 Home Care: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Hospitals & Clinics

9.4.1 Overview

9.4.2 Hospitals & Clinics: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Others

9.5.1 Overview

9.5.2 Others: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10. Injection Pen Market – Revenue and Forecast to 2028 – Geographic Analysis

10.1 North America: Injection Pen Market

10.1.1 Overview

10.1.2 North America: Injection Pen Market - Revenue and Forecast to 2028 (US$ Million)

10.1.3 North America: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.1.3.1 North America: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.1.3.2 North America: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.1.4 North America: Injection Pen Market, by Country, 2021 & 2028 (%)

10.1.4.1 US: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.1.4.1.1 Overview

10.1.4.1.2 US: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.1.4.1.3 US: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.1.4.1.4 US: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.1.4.1.5 US: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.1.4.2 Canada: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.1.4.2.1 Overview

10.1.4.2.2 Canada: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.1.4.2.3 Canada: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.1.4.2.4 Canada: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.1.4.2.5 Canada: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.1.4.3 Mexico: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.1.4.3.1 Overview

10.1.4.3.2 Mexico: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.1.4.3.3 Mexico: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.1.4.3.4 Mexico: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.1.4.3.5 Mexico: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.2 Europe: Injection Pen Market

10.2.1 Overview

10.2.2 Europe: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.3 Europe: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.2.4 Europe: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.2.5 Europe: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.2.6 Europe: Injection Pen Market, by Country, 2021 & 2028 (%)

10.2.6.1 Germany: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.1.1 Overview

10.2.6.1.2 Germany: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.1.3 Germany: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.2.6.1.4 Germany: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.2.6.1.5 Germany: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.2.6.2 UK: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.2.1 Overview

10.2.6.2.2 UK: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.2.3 UK: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.2.6.2.4 UK: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.2.6.2.5 UK: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.2.6.3 France: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.3.1 Overview

10.2.6.3.2 France: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.3.3 France: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.2.6.3.4 France: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.2.6.3.5 France: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.2.6.4 Italy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.4.1 Overview

10.2.6.4.2 Italy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.4.3 Italy: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.2.6.4.4 Italy: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.2.6.4.5 Italy: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.2.6.5 Spain: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.5.1 Overview

10.2.6.5.2 Spain: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.5.3 Spain: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.2.6.5.4 Spain: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.2.6.5.5 Spain: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.2.6.6 Rest of Europe: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.6.1 Overview

10.2.6.6.2 Rest of Europe: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.6.3 Rest of Europe: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.2.6.6.4 Rest of Europe: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.2.6.6.5 Rest of Europe: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.3 Asia Pacific: Injection Pen Market

10.3.1 Overview

10.3.2 Asia Pacific: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.3 Asia Pacific: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.3.4 Asia Pacific: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.3.5 Asia Pacific: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.3.6 Asia Pacific: Injection Pen Market, by Country, 2021 & 2028 (%)

10.3.6.1 China: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.1.1 Overview

10.3.6.1.2 China: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.1.3 China: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.3.6.1.4 China: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.3.6.1.5 China Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.3.6.2 Japan: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.2.1 Overview

10.3.6.2.2 Japan: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.2.3 Japan: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.3.6.2.4 Japan: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.3.6.2.5 Japan: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.3.6.3 India: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.3.1 Overview

10.3.6.3.2 India: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.3.3 India: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.3.6.3.4 India: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.3.6.3.5 India: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.3.6.4 South Korea: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.4.1 Overview

10.3.6.4.2 South Korea: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.4.3 South Korea: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.3.6.4.4 South Korea: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.3.6.4.5 South Korea: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.3.6.5 Australia: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.5.1 Overview

10.3.6.5.2 Australia: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.5.3 Australia: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.3.6.5.4 Australia: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.3.6.5.5 Australia: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.3.6.6 Rest of Asia Pacific: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.6.1 Overview

10.3.6.6.2 Rest of Asia Pacific: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.3.6.6.3 Rest of Asia Pacific: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.3.6.6.4 Rest of Asia Pacific: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.3.6.6.5 Rest of Asia Pacific: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.4 Middle East & Africa Injection Pen Market

10.4.1 Overview

10.4.2 Middle East & Africa: Injection Pen Market - Revenue and Forecast to 2028 (US$ Million)

10.4.3 Middle East & Africa: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.4.4 Middle East & Africa: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.4.5 Middle East & Africa: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.4.6 Middle East & Africa: Injection Pen Market, by Country, 2021 & 2028 (%)

10.4.6.1 South Africa: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.4.6.1.1 Overview

10.4.6.1.2 South Africa: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.4.6.1.3 South Africa: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.4.6.1.4 South Africa: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.4.6.1.5 South Africa: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.4.6.2 Saudi Arabia: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.4.6.2.1 Overview

10.4.6.2.2 Saudi Arabia: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.4.6.2.3 Saudi Arabia: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.4.6.2.4 Saudi Arabia: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.4.6.2.5 Saudi Arabia: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.4.6.3 UAE: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.4.6.3.1 Overview

10.4.6.3.2 UAE: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.4.6.3.3 UAE: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.4.6.3.4 UAE: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.4.6.3.5 UAE: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.4.6.4 Rest of Middle East & Africa: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.4.6.4.1 Overview

10.4.6.4.2 Rest of Middle East & Africa: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.4.6.4.3 Rest of Middle East & Africa: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.4.6.4.4 Rest of Middle East & Africa: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.4.6.4.5 Rest of Middle East & Africa: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.5 South & Central America Injection Pen Market

10.5.1 Overview

10.5.2 South & Central America: Injection Pen Market - Revenue and Forecast to 2028 (US$ Million)

10.5.3 South & Central America: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.5.4 South & Central America: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.5.5 South & Central America: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.5.6 South & Central America: Injection Pen Market, by Country, 2021 & 2028 (%)

10.5.6.1 Brazil: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.1.1 Overview

10.5.6.1.2 Brazil: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.1.3 Brazil: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.5.6.1.4 Brazil: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.5.6.1.5 Brazil: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.5.6.2 Argentina: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.2.1 Overview

10.5.6.2.2 Argentina: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.2.3 Argentina: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.5.6.2.4 Argentina: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.5.6.2.5 Argentina: Injection Pen Market, by End User, 2019–2028 (US$ Million)

10.5.6.3 Rest of South & Central America: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.3.1 Overview

10.5.6.3.2 Rest of South & Central America: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

10.5.6.3.3 Rest of South & Central America: Injection Pen Market, by Type, 2019–2028 (US$ Million)

10.5.6.3.4 Rest of South & Central America: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)

10.5.6.3.5 Rest of South & Central America: Injection Pen Market, by End User, 2019–2028 (US$ Million)

11. Global Injection Pen Market – Industry Landscape

11.1 Overview

11.2 Growth Strategies in the Injection Pen Market

11.3 Inorganic Growth Strategies

11.3.1 Overview

11.4 Organic Growth Strategies

11.4.1 Overview

12. Company Profiles

12.1 Eli Lilly and Co

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Novo Nordisk AS

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Owen Mumford Ltd

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Sanofi SA

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Merck KGaA

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Haselmeier GmbH

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Gerresheimer AG

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Becton Dickinson and Co

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 AstraZeneca Plc

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Teva Pharmaceutical Industries Ltd

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. North America Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 4. US Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. US Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 6. US Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 10. Mexico Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Mexico Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 12. Mexico Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 13. Europe Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 14. Europe Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 15. Europe Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 16. Germany Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. Germany Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 18. Germany Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 19. UK Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 20. UK Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 21. UK Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 22. France Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 23. France Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 24. France Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 25. Italy Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 26. Italy Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 27. Italy Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 28. Spain Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 29. Spain Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 30. Spain Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 31. Rest of Europe Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 32. Rest of Europe Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 33. Rest of Europe Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 34. Asia Pacific Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 35. Asia Pacific Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 36. Asia Pacific Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 37. China Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 38. China Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 39. China Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 40. Japan Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 41. Japan Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 42. Japan Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 43. India Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 44. India Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 45. India Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 46. South Korea Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 47. South Korea Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 48. South Korea Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 49. Australia Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 50. Australia Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 51. Australia Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 52. Rest of Asia Pacific Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 53. Rest of Asia Pacific Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 54. Rest of Asia Pacific Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 55. Middle East & Africa Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 56. Middle East & Africa Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 57. Middle East & Africa Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 58. South Africa Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 59. South Africa Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 60. South Africa Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 61. Saudi Arabia Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 62. Saudi Arabia Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 63. Saudi Arabia Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 64. UAE Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 65. UAE Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 66. UAE Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 67. Rest of Middle East & Africa Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 68. Rest of Middle East & Africa Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 69. Rest of Middle East & Africa Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 70. South & Central America Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 71. South & Central America Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 72. South & Central America Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 73. Brazil Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 74. Brazil Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 75. Brazil Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 76. Argentina Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 77. Argentina Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 78. Argentina Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 79. Rest of South & Central America Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 80. Rest of South & Central America Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)

Table 81. Rest of South & Central America Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 82. Recent Inorganic Growth Strategies in the Injection Pen Market

Table 83. Recent Organic Growth Strategies in the Injection Pen Market

Table 84. Glossary of Terms

LIST OF FIGURES

Figure 1. Injection Pen Market Segmentation

Figure 2. Injection Pen Market, by region

Figure 3. Global Injection Pen Market Overview

Figure 4. Disposable Segment Held Largest Share of Type Segment in Injection Pen Market

Figure 5. Asia Pacific Expected to Show Remarkable Growth During Forecast Period

Figure 6. Injection Pen Market, by Geography (US$ Million)

Figure 7. Global Injection Pen Market – Leading Country Markets (US$ Million)

Figure 8. Global Injection Pen Market – Industry Landscape

Figure 9. North America: PEST Analysis

Figure 10. Europe: PEST Analysis

Figure 11. Asia Pacific: PEST Analysis

Figure 12. South & Central America: PEST Analysis

Figure 13. Middle East & Africa: PEST Analysis

Figure 14. Experts’ Opinion

Figure 15. Injection Pen Market: Impact Analysis of Drivers and Restraints

Figure 16. Global Injection Pen Market – Revenue Forecast and Analysis – 2020–2028

Figure 17. Global Injection Pen Market, by Geography – Forecast and Analysis (2021–2028)

Figure 18. Market Positioning of Key Players in Injection Pen Market

Figure 19. Injection Pen Market Revenue Share, by Type 2021 & 2028 (%)

Figure 20. Disposable Injection Pens: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Reusable Injection Pens: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Global Injection Pen Market, by Therapy 2021 & 2028 (%)

Figure 23. Diabetes Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Growth Hormone Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Autoimmune Diseases Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Fertility Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Cancer Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Other Therapies: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Injection Pen Market Revenue Share, by End User 2021 & 2028 (%)

Figure 30. Home Care: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Hospitals & Clinics: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Others: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. North America: Injection Pen Market, by Key Country – Revenue (2022) (US$ Million)

Figure 34. North America Injection Pen Market Revenue and Forecast to 2028 (USD Million)

Figure 35. US: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Canada: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Mexico: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Europe: Injection Pen Market, by Key Country – Revenue (2021) (US$ Million)

Figure 39. Europe Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40. Europe: Injection Pen Market, by Country, 2021 & 2028 (%)

Figure 41. Germany: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42. UK: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43. France: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44. Italy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45. Spain: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 46. Rest of Europe: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47. Asia Pacific: Injection Pen Market, by Key Country – Revenue (2021) (US$ Million)

Figure 48. Asia Pacific Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49. China: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50. Japan: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. India: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52. South Korea: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53. Australia: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54. Rest of Asia Pacific: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55. Middle East & Africa: Injection Pen Market, by Key Country – Revenue (2022) (US$ Million)

Figure 56. Middle East & Africa Injection Pen Market Revenue and Forecast to 2028 (USD Million)

Figure 57. South Africa: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. Saudi Arabia: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. UAE: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. Rest of Middle East & Africa: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. South & Central America: Injection Pen Market, by Key Country – Revenue (2022) (US$ Million)

Figure 62. South & Central America Injection Pen Market Revenue and Forecast to 2028 (USD Million)

Figure 63. Brazil: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 64. Argentina: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 65. Rest of South & Central America: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66. Growth Strategies in the Injection Pen Market

The List of Companies - Injection Pens Market

  1. Novo Nordisk A/S
  2. Novartis AG
  3. Eli Lilly
  4. Merck KGaA
  5. Wilhelm Haselmeier GmbH & Co. KG
  6. Astrazeneca
  7. F.Hoffman-La-Roche
  8. BD
  9. Pfizer
  10. Teva Pharmaceutical Industries Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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