The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest injection pen market share in 2022.

The global injection pen market size grew from $48.84 billion in 2022 to $52.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The injection pen market size is expected to grow to $73.72 billion in 2027 at a CAGR of 8.7%.

Major Driver In The Injection Pen Market ­– Rise In The Prevalence Of Diseases
For instance, as per the International Diabetes Federation (IDF), the global diabetes prevalence population, by 2040, is expected to reach about 640 million. Furthermore, in the population of emerging countries such as India, about 69 million people are diabetic. By 2030, this number is expected to rise to 100 million. Therefore, the rise in the prevalence of diseases such as diabetes and arthritis will drive the growth of the injection pen market.

View More On The Injection Pen Market Report 2023 – https://www.thebusinessresearchcompany.com/report/injection-pen-global-market-report

Key Injection Pen Market Segments
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 & Clinics

Recent Injection Pen Market Trend – Technological Advancement
Technological advancements are a key trend gaining popularity in the injection pen market. Companies in the injection pen market are focusing on product innovations and efficient delivery systems. Technological advancements provide for accurate delivery, improved patient satisfaction and adherence, and greater ease of use.

Injection Pen Market Prominent Players
Major players in the injection pen market are Novo Nordisk A/S, Ypsomed Holding AG, Sanofi, Eli Lilly and Company, Merck KGaA, AstraZeneca plc, F. Hoffmann-La Roche Ltd., Owen Mumford, Sulzer Ltd., Sun Pharmaceutical Industries Ltd., Pfizer, Lupin Ltd., Wockhardt Ltd., AptarGroup, Inc., Novartis AG, Gerresheimer AG, SHL Medical AG, Boehringer Ingelhem, Nemera France SA, Companion Medical, Jiangsu Delfu Medical Devices Co., Ltd., Haselmeier, GlaxoSmithKline plc, Stat Medical Devices, DuPont, and Emperra GmbH E-Health Technologies.

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The Injection Pen Global Market Report 2023  provides a comprehensive overview on the injection pen market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the injection pen market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Injection pens are used for injecting medication under the skin.

View More Related Reports –
Diabetes Care Devices Global Market Report 2023
Insulin Drugs Global Market Report 2023
Diabetic Foods Global Market Report 2023

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