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What fueled the previous growth in the injection pen market?

In the past few years, the injection pen industry has experienced significant expansion. It’s projected to rise from $57.05 billion in 2024 to $61.68 billion in 2025, marking a compound annual growth rate (CAGR) of 8.1%. Factors such as a surge in diabetes management needs, growing patient preferences, diminished fear of needles, enhanced dose precision, and an aging population have contributed to the growth during the historical period.

What will be the injection pen market size in the future?

The market size for injection pens is forecasted to undergo substantial expansion in the upcoming years, expected to reach a value of $95.12 billion in 2029 with a compound annual growth rate (CAGR) of 11.4%. Factors contributing to this surge within the forecast period include increased diabetes cases, growth in biologics and biosimilars, expanding demand for personalized treatment, the necessity for home healthcare, and growing emerging markets. The forecast period will also see significant trends such as intelligent injection pens, integration of digital health, wearable technology, enhanced user experiences, and compatibility with autoinjectors.

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What main drivers are fueling expansion in the injection pen market?

Growing instances of diseases like diabetes and arthritis are fueling the expansion of the injection pen market. Factors such as an enlarged obese population, lack of physical exercise, poor eating habits, and advancing age have resulted in an increased global prevalence of diabetes. For instance, according to the International Diabetes Federation (IDF), the worldwide diabetes population is projected to climb to approximately 640 million by 2040. Moreover, in developing countries like India, nearly 69 million individuals suffer from diabetes. By 2030, this figure is anticipated to reach 100 million. Therefore, the escalating prevalence of diseases like diabetes and arthritis will propel the expansion of the injection pen market.

What key areas define the segmentation of the global injection pen market?

The injection pen market covered in this report is segmented –

1) By Product Type: Disposable Injection Pens, Reusable Injection Pens

2) By Therapy: Diabetes, Fertility, Osteoporosis, Growth Hormone Therapy, Other Therapies

3) By End Users: Home Care, Hospital And Clinics

Subsegments:

1) By Disposable Injection Pens: Pre-filled Disposable Injection Pens, Single-Use Disposable Injection Pens

2) By Reusable Injection Pens: Refillable Injection Pens, Multi-Use Injection Pens, Rechargeable Injection Pens

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Who are the dominant players expanding their reach in the injection pen market?

Major companies operating in the injection pen market include Novo Nordisk A/S, Ypsomed Holding AG, Sandoz Inc., Eli Lilly and Company, Merck KGaA, AstraZeneca plc, F. Hoffmann-La Roche Ltd., Owen Mumford Ltd., Sulzer Ltd., Sun Pharmaceutical Industries Ltd., Pfizer Inc., Lupin Ltd., Wockhardt Ltd., AptarGroup Inc., Novartis AG, Gerresheimer AG, SHL Medical AG, Boehringer Ingelheim International GmbH, Nemera France SA, Companion Medical Inc., Jiangsu Delfu Medical Devices Co. Ltd., Haselmeier GmbH, GlaxoSmithKline plc., Stat Medical Devices Inc., DuPont de Nemours Inc., Emperra GmbH E-Health Technologies, Biocon Limited, Becton Dickinson and Company, Mylan N.V., Terumo Corporation, West Pharmaceutical Services Inc., Bespak Europe Ltd., Mitsubishi Gas Chemical Company Inc., Nipro Corporation, Zogenix Inc., Consort Medical plc

How are evolving market trends shaping injection pen Strategies?

The growing trend of technological advancements in the injection pen market is notable. Market players in the injection pen sector are shifting their attention towards the innovation of products and executing effective delivery systems. Such advancements pave the way for precise delivery, increased patient gratification and adherence, as well as enhanced ease of use. For example, in September 2022, Medtronic, a medical technology, services, and solutions company based in the US, introduced InPen, which is synchronized with real-time1 Guardian Connect CGM data. This collective solution provides users with all necessary information for managing their diabetes, as it displays both real-time glucose levels and insulin dosing details on a single screen. Users can now view all related information in one location and in real time, which removes the need to switch between different apps, making it easier for them to determine the correct medication dosage for their blood sugar levels.

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Which regions are emerging as leaders in the injection pen market?

North America was the largest region in the injection pen market in 2024. The regions covered in the injection pen market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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