The insulin pens market was valued at US$ 4,199.7 million in 2018 and is expected to grow at a CAGR of 8.8% from 2019 to 2027 to reach US$ 8,862.0 million by 2027.
Insulin Pens is a medication used along with emergency medical treatment services for the allergic reactions caused by insect bites or stings, foods, drugs, and latex, among others. It works by relaxing the muscles in the airways and tightening the blood vessels. The injection is available as a prefilled automatic injection device that contains the solution and in vials to inject subcutaneously and others. The injection is generally injected as required at the first sign of a severe allergic reaction. The growth of the Insulin Pens in healthcare market is attributed to the rising incidence of diabetes, growing geriatric population, and increasing adoption of insulin pens over conventional vials and syringes. However, the factors restraining the market growth are high cost of insulin pens and availability of alternatives to insulin pens in the market. On the other hand, high potential of market growth in the emerging economies is one of the growth opportunities for market players.
The Insulin Pens in healthcare market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
Report Coverage
Lucrative Regions for Insulin Pens in Healthcare Market
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Market Insights
Growing Applications of Insulin Pens in Healthcare to Drive Insulin Pens in Healthcare Market Growth
Diabetes is a life-threatening chronic disease with no specialized cure. It is mainly caused by the body’s inability to produce or effectively utilize the hormone insulin. This inability prevents the body from adequately regulating blood glucose levels. There are two types of diabetes namely diabetes type-I also known as diabetes insipidus and diabetes type-II also termed as diabetes mellitus. Incidences and prevalence of diabetes is steadily increasing across the globe. Type 2 diabetes is the most prevalent form of diabetes and has increased alongside cultural and societal changes. In high-income countries up to 91% of adults with the disease have type 2 diabetes.
According to International Diabetes Federation (IDF), approximately 425 million people were living with diabetes in
2017and it is expected to reach 629 million by 2045 across the globe. Additionally, according to BMJ Open Diabetes Research & Care, approximately 387 million patients across the globe suffer with diabetes, out of which 5-10% are victims of type-1 diabetes that require regular insulin doses. The following table represents number of patients suffering with diabetes across various regions worldwide.
Diabetes of all types can lead to various complications in many parts of the body and can increase the overall risk of premature death. Heart attack, stroke, kidney failure, leg amputation, vision loss and nerve damage are the major complications associated with this disease.
Patients suffering from diabetes require frequent monitoring and external administration of insulin that is given through insulin pens and other medical devices. The rising prevalence of diabetes across the globe is expected to drive the growth of the insulin pens market worldwide during the forecast period.
Diabetes among geriatric population is a growing public health burden worldwide. It is a major cause morbidity and mortality in ageing population that later largely attributable to various chronic complications. Ageing population is poised to become one of the most significant transformation with a heavy impact on the social and economic level across the globe. The patient population is growing exponentially worldwide. According to a report of United Nation (2017), there were approximately 962 million people aged 60 or over across the globe in 2017 and was projected to reach to 425 million by 2050. The number of geriatric population is expected to grow significantly in Africa followed by North America, Latin America & the Caribbean, and Asia Pacific region.
The elderly people are more likely to have diabetes than younger people, and the effect of the disease on quality of life is particularly deep in this population. With increase in the number of geriatric population, the prevalence of the diabetes has increased. Therefore, the demand of insulin pens, which are devices that facilitate easy administration of insulin are expected to increase in the forecast period.
In recent years, there has been a considerable developments in the field of medical drug delivery devices. Insulin administration is a common procedure in diabetic population. Traditional insulin syringes have several disadvantages that includes experience of pain by patients due to repeated pricks, discomfort in carrying both insulin bottle as well as syringe, risk of needle re-use associated infections and needle-stick injuries as well as difficulty in delivering mixture of two or more liquids together in one syringe.
Additionally, self-administration of insulin through syringes and vials is time-taking and difficult that has reduced the adoption conventional insulin injection methods over the past years and led to increased adoption of injection pens.
On the contrary, insulin pens have emerged as a solution to combat all the existing issues of the needles and vials for drug delivery offer several advantages that has led to rapid shift of patients’ preference towards their use. The injection pens that facilitates easy attachment and retraction of pen needles does not need a skill set and require fewer steps than that of syringes and vials. The pre-filled insulin syringes requires minimum steps of selecting the dose volume and attachment of pen needle which is very feasible for patients that practice self-administration of insulin on everyday basis.
Moreover, the availability of insulin in different types provide variety of options to the users to find the best suitable option according to their needs. According to a research survey published in Patient Preference and Adherence 2015, approximately 95.2% of patients participated in the survey that inject insulin regularly found pen injection method easy to use hassle-free as compared to conventional vial and syringes use. Thus, the inclination of patients towards insulin injection pens over syringes is expected to be a driving factor to foster the growth of insulin pens market.
Product Type-Based Insights
In terms of product type, the Insulin Pens in healthcare market is segmented into disposable and reusable. In 2018, the disposable segment held a largest market share of 62.6% of the insulin pens market, by product type.
Insulin Pens in Healthcare Market, by Product Type – 2018 and 2027
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Application-Based Insights
Based on application, the Insulin Pens in healthcare market is segmented into diabetes type 1, and diabetes type 2. In 2018, the diabetes type-1 segment held a largest market share of 72.7% of the insulin pens market, by application.
Distribution Channel-Based Insights
In terms of distribution channel, the Insulin Pens in healthcare market is segmented into retail pharmacies, hospital pharmacies, and e commerce. In 2018, the retail pharmacies held a largest market share of 39.8% of the insulin pens market, by distribution channel and is also expected to dominate the market in 2027.
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Insulin Pens Market: Strategic Insights
Market Size Value in 4,199.7 Million in 2018 Market Size Value by US$ 8,862.0 Million by 2027. Growth rate CAGR of 8.8% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Insulin Pens Market: Strategic Insights
| Market Size Value in | 4,199.7 Million in 2018 |
| Market Size Value by | US$ 8,862.0 Million by 2027. |
| Growth rate | CAGR of 8.8% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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The Insulin Pens in healthcare market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
Insulin Pens in Healthcare Market – by Product Type
- Disposable
- Reusable
Insulin Pens in Healthcare Market – by Application
- Diabetes Type-1
- Diabetes Type-2
Insulin Pens in Healthcare Market – by Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- E-Commerce
Insulin Pens in Healthcare Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- Novo Nordisk A/S
- Owen Mumford
- Sanofi
- Ypsomed AG
- Biocon
- Companion Medical
- BERLIN CHEMIE AG
- Eli Lilly and Company
- Pendiq
- Emperra GmbH E-Health Technologies
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type ; Application ; Distribution Channel and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
Insulin pens are devices used for the diabetes patients to inject the insulin in the patient’s body in desired quantity. The insulin pen is slightly larger than the writing pen in size and it contains the insulin in the refill. Insulin pens have made it convenient and less painful for the diabetic patients to take insulin. Not only insulin pen injects precise amount of insulin in the body but also it may be done in fewer steps than syringe.
Driving factors such as, rising incidence of diabetes, growing geriatric population, inclination towards insulin pens over conventional needles & syringes in insulin pens are expected to boost the market growth over the years. However, alternatives to pens for insulin administration and limitation associated with the insulin pens are likely to hamper the market growth. However, growing market in developing regions are likely to deliver substantial growth opportunities to improve market share for industry players in the near future.
The price of insulin pens lies between the ranges of US$ 40-100 per unit. However, the cost profoundly differs based upon the function, brand and features of the insulin pen. Also, the cost of these pens depends based on the location of the manufacturer depending upon the regulatory reforms and the demand for the products.
1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Insulin Pens Market – By Product Type
1.3.2 Global Insulin Pens Market – By Application
1.3.3 Global Insulin Pens Market – By Distribution Channel
1.3.4 Global Insulin Pen market – By Geography
2. Insulin Pen Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Insulin Pens– 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 Middle East & Africa – PEST Analysis
4.2.5 South & Central America – PEST Analysis
5. Insulin Pens Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Incidence of Diabetes
5.1.2 Growing Geriatric Population
5.1.3 Rising Adoption of Insulin Injection Pens over Vials & Syringes
5.2 Key Market Restraints
5.2.1 Availability of Alternatives for Drug Delivery
5.2.2 Limitations Associated with Insulin Pens
5.3 Key Market Opportunity
5.3.1 Growing Market In Developing Economies
5.4 Future Trend
5.4.1 Growing Product Innovations through Collaborative Research
5.5 Impact Analysis
6. Insulin Pens Market – Global Analysis
6.1 Global Insulin Pens Market Revenue Forecasts And Analysis
6.2 Global Insulin Pens Market, By Geography - Forecasts And Analysis
6.3 Performance of Key Players
6.3.1 Novo Nordisk A/S
6.3.2 Eli Lilly and Company
7. Global Insulin Pens Market Analysis And Forecasts To 2027 – Product Type
7.1 Overview
7.2 Insulin Pens Market Revenue And Forecasts Analysis, By Product Type (US$ Mn)
7.3 Reusable Market
7.3.1 Overview
7.3.2 Global Reusable Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Disposable Market
7.4.1 Overview
7.4.2 Global Disposable Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Smart Insulin Pen Caps Market
7.5.1 Overview
7.5.2 Global Smart Insulin Pen Caps Market Revenue and Forecast to 2027 (US$ Mn)
8. Global Insulin Pens Market Analysis And Forecasts To 2027 – Application
8.1 Overview
8.2 Insulin Pens Market Revenue And Forecasts Analysis, By Application (US$ Mn)
8.3 Type-1 Diabetes Market
8.3.1 Overview
8.3.2 Global Type-1 Diabetes Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Type-2 Diabetes Market
8.4.1 Overview
8.4.2 Global Type-2 Diabetes Market Revenue and Forecast to 2027 (US$ Mn)
9. Global Insulin Pens Market Analysis – By Distribution Channel
9.1 Overview
9.2 Insulin Pens Market Revenue And Forecasts Analysis, By Distribution Channel (US$ Mn)
9.3 Hospitals Pharmacies Market
9.3.1 Overview
9.3.2 Global Hospital Pharmacies Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Retail Pharmacies Market
9.4.1 Overview
9.4.2 Global Retail Pharmacies Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 E-Commerce Market
9.5.1 Overview
9.5.2 Global e-Commerce Market Revenue and Forecasts to 2027 (US$ Mn)
10. Insulin Pens Market Revenue And Forecasts To 2027 – Geographical Analysis
10.1 North America Insulin Pens Market
10.1.1 Overview
10.1.2 North America Insulin Pens Market Revenue And Forecasts to 2027 (US$ MN)
10.1.3 North America Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.1.4 North America Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.1.5 North America Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.1.6 North America Insulin Pens Market Revenue and Forecasts to 2027, By Country (%)
10.1.7 US Insulin Pens Market
10.1.7.1 US Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.7.2 US Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.1.7.3 US Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.1.7.4 US Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.1.8 Canada Insulin Pens Market
10.1.8.1 Canada Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.8.2 Canada Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.1.8.3 Canada Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.1.8.4 Canada Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.1.9 Mexico Insulin Pens Market
10.1.9.1 Mexico Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.9.2 Mexico Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.1.9.3 Mexico Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.1.9.4 Mexico Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.2 Europe Insulin Pens Market
10.2.1 Overview
10.2.2 Europe Insulin Pens Market Revenue And Forecasts to 2027 (US$ Mn)
10.2.3 Europe Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.2.4 Europe Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.2.5 Europe Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.2.6 Europe Insulin Pens Market Revenue and Forecasts to 2027, By Country (%)
10.2.7 Germany Insulin Pens Market
10.2.7.1 Germany Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.7.2 Germany Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.2.7.3 Germany Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.2.7.4 Germany Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.2.8 UK Insulin Pens Market
10.2.8.1 UK Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.8.2 UK Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.2.8.3 UK Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.2.8.4 UK Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.2.9 France Insulin Pens Market
10.2.9.1 France Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.9.2 France Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.2.9.3 France Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.2.9.4 France Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.2.10 Spain Insulin Pens Market
10.2.10.1 Spain Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.10.2 Spain Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.2.10.3 Spain Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.2.10.4 Spain Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.2.11 Italy Insulin Pens Market
10.2.11.1 Italy Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.11.2 Italy Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.2.11.3 Italy Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.2.11.4 Italy Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.3 Asia Pacific Insulin Pens Market
10.3.1 Overview
10.3.2 Asia Pacific Insulin Pens Market Revenue And Forecasts to 2027 (US$ Mn)
10.3.3 Asia Pacific Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.3.4 Asia Pacific Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.3.5 Asia Pacific Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.3.6 Asia Pacific Insulin Pens Market Revenue and Forecasts to 2027, By Country (%)
10.3.7 China Insulin Pens Market
10.3.7.1 China Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.7.2 China Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.3.7.3 China Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.3.7.4 China Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.3.8 Japan Insulin Pens Market
10.3.8.1 Japan Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.8.2 Japan Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.3.8.3 Japan Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.3.8.4 Japan Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.3.9 India Insulin Pens Market
10.3.9.1 India Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.9.2 India Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.3.9.3 India Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.3.9.4 India Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.3.10 Australia Insulin Pens Market
10.3.10.1 Australia Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.10.2 Australia Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.3.10.3 Australia Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.3.10.4 Australia Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.3.11 South Korea Insulin Pens Market
10.3.11.1 South Korea Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.11.2 South Korea Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.3.11.3 South Korea Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.3.11.4 South Korea Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.4 Middle East And Africa Insulin Pens Market
10.4.1 Overview
10.4.2 Middle East & Africa Insulin Pens Market Revenue And Forecasts to 2027 (US$ Mn)
10.4.3 Middle East & Africa Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.4.4 Middle East & Africa Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.4.5 Middle East & Africa Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.4.6 Middle East & Africa Insulin Pens Market Revenue and Forecasts to 2027, By Country (%)
10.4.7 UAE Insulin Pens Market
10.4.7.1 UAE Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.7.2 UAE Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.4.7.3 UAE Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.4.7.4 UAE Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.4.8 Saudi Arabia Insulin Pens Market
10.4.8.1 Saudi Arabia Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.8.2 Saudi Arabia Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.4.8.3 Saudi Arabia Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.4.8.4 Saudi Arabia Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.4.9 South Africa Insulin Pens Market
10.4.9.1 South Africa Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.9.2 South Africa Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.4.9.3 South Africa Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.4.9.4 South Africa Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.5 South And Central America Insulin Pens Market
10.5.1 Overview
10.5.2 South & Central America Insulin Pens Market Revenue And Forecasts to 2027 (US$ Mn)
10.5.3 South & Central America Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.5.4 South & Central America Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.5.5 South & Central America Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.5.6 South & Central America Insulin Pens Market Revenue and Forecasts to 2027, By Country (%)
10.5.7 Brazil Insulin Pens Market
10.5.7.1 Brazil Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.7.2 Brazil Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.5.7.3 Brazil Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.5.7.4 Brazil Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
10.5.8 Argentina Insulin Pens Market
10.5.8.1 Argentina Insulin Pens Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.8.2 Argentina Insulin Pens Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.5.8.3 Argentina Insulin Pens Market Revenue And Forecasts to 2027, By Application (US$ Mn)
10.5.8.4 Argentina Insulin Pens Market Revenue And Forecasts to 2027, By Distribution Channel (US$ Mn)
11. Insulin Pens Market – Industry Landscape
11.1 Overview
11.2 Comparative Company Analysis
11.3 Growth Strategies Done By The Companies In The Market, (%)
11.4 Organic Developments
11.4.1 Overview
11.5 Inorganic Developments
11.5.1 Overview
12. Insulin Pens Market – Key Company Profiles
12.1 Owen Mumford, Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 Product Portfolio
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Novo Nordisk A/S
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 Product Portfolio
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Companion Medical
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 Product Portfolio
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Berlin-Chemie Ag
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Information
12.4.4 Product Portfolio
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Pendiq Gmbh
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Information
12.5.4 Product Portfolio
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Emperra Gmbh E-Health Technologies
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Information
12.6.4 Product Portfolio
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Eli Lilly And Company
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 Product Portfolio
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Ypsomed Ag
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 Product Portfolio
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Sanofi
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 Product portfolio
12.9.5 SWOT ANALYSIS
12.9.6 KEY DEVELOPMENTS
12.10 Biocon
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 Product Portfolio
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. Prevalence of Diabetes Worldwide, 2017
Table 2. Total Number of Persons Aged 60 Years or Above By Region, 2017 & 2050
Table 3. North America Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 4. North America Insulin Pens Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 5. North America Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 6. US Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 7. US Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 8. US Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 9. Canada Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 10. Canada Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 11. Canada Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 12. Mexico Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 13. Mexico Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 14. Mexico Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 15. Europe Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 16. Europe Insulin Pens Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 17. Europe Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 18. Germany Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 19. Germany Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 20. Germany Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 21. UK Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 22. UK Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 23. UK Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 24. France Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 25. France Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 26. France Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 27. Spain Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 28. Spain Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 29. Spain Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 30. Italy Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 31. Italy Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 32. Italy Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 33. Asia Pacific Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 34. Asia Pacific Insulin Pens Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 35. Asia Pacific Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 36. China Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 37. China Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 38. China Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 39. Japan Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 40. Japan Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 41. Japan Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 42. India Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 43. India Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 44. India Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 45. Australia Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 46. Australia Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 47. Australia Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 48. South Korea Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 49. South Korea Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 50. South Korea Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 51. Middle East & Africa Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 52. Middle East & Africa Insulin Pens Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 53. Middle East & Africa Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 54. UAE Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 55. UAE Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 56. UAE Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 57. Saudi Arabia Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 58. Saudi Arabia Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 59. Saudi Arabia Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 60. South Africa Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 61. South Africa Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 62. South Africa Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 63. South & Central America Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 64. South & Central America Insulin Pens Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 65. South & Central America Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 66. Brazil Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 67. Brazil Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 68. Brazil Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 69. Argentina Insulin Pens Market Revenue And Forecasts To 2027, By Product Type (US$ Mn)
Table 70. Argentina Glucose Monitoring Devices Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 71. Argentina Insulin Pens Market Revenue And Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 72. Organic Developments Done By Companies
Table 73. Inorganic Developments Done By Companies
Table 74. Glossary of Terms, Insulin Pens Market
LIST OF FIGURES
Figure 1. Insulin Pen Market Segmentation
Figure 2. Insulin Pen Market Segmentation, By Region
Figure 3. Global Insulin Pen Market Overview
Figure 4. Reusable Segment Held Largest Share Of Product Type Segment In Insulin Pen Market
Figure 5. Asia Pacific Region is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Global Insulin Pen Market, By Geography (US$ Mn)
Figure 7. Global Insulin Pen Market- Leading Country Markets (US$ Mn)
Figure 8. Global Insulin Pen Market, Industry Landscape
Figure 9. North America Pest Analysis
Figure 10. Europe Pest Analysis
Figure 11. Asia Pacific Pest Analysis
Figure 12. Middle East & Africa Pest Analysis
Figure 13. South & Central America Pest Analysis
Figure 14. Insulin Pens Market Impact Analysis Of Driver And Restraints
Figure 15. Global Insulin Pens Market – Revenue Forecasts And Analysis –2018- 2027
Figure 16. Global Insulin Pens Market – By Geography Forecasts And Analysis – 2018- 2027
Figure 17. Insulin Pens Market Revenue and Forecast Analysis, By Product Type 2018 And 2027 (%)
Figure 18. Global Reusable Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 19. Global Disposable Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 20. Global Smart Insulin Pen Caps Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 21. Insulin Pens Market Revenue and Forecast Analysis, By Application 2018 and 2027 (%)
Figure 22. Global Type-1 Diabetes Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 23. Global Type-2 Diabetes Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 24. Global Insulin Pens Market Revenue and Forecast Analysis, By Distribution Channel 2018 & 2027 (%)
Figure 25. Global Hospital Pharmacies Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 26. Global Retail Pharmacies Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 27. Global E-Commerce Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 28. North America Insulin Pens Market Revenue Overview, By Country (2018) (US$ Mn)
Figure 29. North America Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 30. North America Insulin Pens Market Revenue and Forecasts To 2027, By Country (%)
Figure 31. US Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 32. Canada Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 33. Mexico Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 34. Europe Insulin Pens Market Revenue Overview, By Country (2018) (Us $ Mn)
Figure 35. Europe Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 36. Europe Insulin Pens Market Revenue and Forecasts To 2027, By Country (%)
Figure 37. Germany Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 38. UK Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 39. France Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 40. Spain Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 41. Italy Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 42. Asia Pacific Insulin Pens Market Revenue Overview, By Country (2018) (Us $ Mn)
Figure 43. Asia Pacific Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 44. Asia Pacific Insulin Pens Market Revenue and Forecasts To 2027, By Country (%)
Figure 45. China Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 46. Japan Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 47. India Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 48. Australia Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 49. South Korea Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 50. Middle East & Africa Insulin Pens Market Revenue Overview, By Country (2018) (US$ Mn)
Figure 51. Middle East & Africa Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 52. Middle East & Africa Insulin Pens Market Revenue and Forecasts To 2027, By Country (%)
Figure 53. UAE Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 54. Saudi Arabia Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 55. South Africa Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 56. South & Central America Insulin Pens Market Revenue Overview, By Country (2018) (Us $ Mn)
Figure 57. South & Central America Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 58. South & Central America Insulin Pens Market Revenue and Forecasts To 2027, By Country (%)
Figure 59. Brazil Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 60. Argentina Insulin Pens Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 61. Comparative Company Analysis
Figure 62. Growth Strategies Done By The Companies In The Market, (%)
The List of Companies - Insulin Pens Market
- Novo Nordisk A/S
- Owen Mumford
- Sanofi
- Ypsomed AG
- Biocon
- Companion Medical
- BERLIN CHEMIE AG
- Eli Lilly and Company
- Pendiq GmbH
- Emperra GmbH E-Health Technologies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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