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The insulin pens, syringes, pumps and injectors market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!

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The Insulin Pens, Syringes, Pumps And Injectors Market Size In 2022 And Forecast
The global insulin pens, syringes, pumps and injectors market grew from $18.96 billion in 2021 to $21 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The insulin pens, syringes, pumps and injectors market is expected to grow to $26.98 billion in 2026 at a CAGR of 6.5%.

The insulin pens, syringes, pumps, and injectors devices and equipment market consists of sales of insulin pens, syringes, pumps and injectors, and related services. Insulin pens are reusable pen-like tools used to inject the desired dose of insulin into the blood of a diabetic patient.

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Increase In The Prevalence Of Diabetes Globally Is Driving The Growth Of The Insulin Pens, Syringes, Pumps And Injectors Market
According to the US Centers for Disease Control and Prevention (CDC) in 2020, around 34.2 million people in the U.S. were suffering from diabetes. Also, according to the International Diabetes Federation, in 2019, globally approximately 463 million adults were living with diabetes; by 2045, this number would rise to 700 million, driving the insulin pens, syringes, pumps, and injectors market.

Competitive Landscape And The Regional Analysis Of The Insulin Pens, Syringes, Pumps And Injectors Market
Major players in the insulin pens, syringes, pumps and injectors market are Novo Nordisk A/S, Eli Lilly and Company, Medtronic plc, Abbott, Insulet Corporation, Sanofi, Roche F. Hoffmann-La Roche Ltd, Becton, Animas Corporation, and Ypsomed Holding AG.

Additionally, as per TBRC’s research – North America was the largest region in the insulin pens, syringes, pumps and injectors market in 2021 holding the largest market share.

The Insulin Pens, Syringes, Pumps And Injectors Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the insulin pens, syringes, pumps and injectors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the insulin pens, syringes, pumps and injectors market.

Technological Advancement – A Key Trend In The Insulin Pens, Syringes, Pumps And Injectors Market
Many companies are focusing on technological advancements in insulin delivery systems to deliver insulin effectively and safely.

Insulin Pens, Syringes, Pumps And Injectors Market Segmentation By The Business Research Company

1) By Type: Pens, Injectors And Pumps, Syringes

2) By End Users: Hospitals, Homecare, Other End Users

3) By Pens: Reusable, Disposable

4) By Pumps: Tubed Pumps, Tubeless Pumps

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