With the increasing awareness about injection pen, patients and healthcare providers have started opting it on a large scale. In this document, you will find about injection pens, their market prospect and growth factors, and Delvens report scope on global injection pen market. You will also get a link for sample report.
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6. Introduction
In recent times, many diseases have become common due to improper diet, stress,
imbalanced schedule, and pollution. One such disease is diabetes. People with Type 1 and
Type 2 diabetes need insulin on regular basis and thus injection pen has come as a saviour.
The insulin pen is designed such that it is very comfortable to use for everyone. The dose
window shows the units of insulin selected by the dose knob and the injection button is
used to inject insulin.
Market Prospect
According to American Diabetes Association, people with diabetes are likely to have severe
symptoms when affected by any virus. After the outburst of Covid, it is seen that people
have become cautious about their health and hygiene, which is also true for diabetic people.
7. Also, regular intake of insulin and GLP-1 help in glucose-lowering and anti-inflammatory
effects in chronic inflammatory diseases including type 1 and 2 diabetes, atherosclerosis,
neurodegenerative disorders, nonalcoholic steatohepatitis, diabetic nephropathy, asthma,
and psoriasis according to National Center for Biotechnology Information.
The rising number of chronic diseases such as diabetes, osteoporosis, cardiovascular
disease, and multiple sclerosis which require frequent drug administration has raised the
demand for injection pens.
As per Delvens market analysis report, the global Injection Pen market size is projected to
reach USD 53.4 billion by 2026 at a CAGR of 7.3% from USD 37.7 billion in 2021 during the
forecast period 2022-2028.
8. Recent Developments
Newbury Pharmaceuticals is strengthening its portfolio with Teriparatide injection in a
pre-filled pen. Teriparatide pre-filled injection pen is a synthetic follow-on version for the
recombinant (biological) teriparatide (Forsteo®) indicated for the treatment of
osteoporosis and it has been developed by utilizing fast-developing synthetic technologies.
New analyses of Mounjaro™ (tirzepatide) injection for the treatment of adults with type 2
diabetes, presented at the American Diabetes Association's® 82nd Scientific Sessions®
Owen Mumford safety pen needle to join Unifine brand. According to Owen Mumford's
study for evaluating the entire injection experience that 96% of HCP respondents agreed
they were confident that they were able to deliver the full dose of medication with no
leakage using Unifine SafeControl.
9. Key Players
● Novo Nordisk has reported a net sale of 140,800 DKK million in 2021 which is 11%
higher than the year 2020.
● Sanofi India has reported an EBIDTA of 8369 million INR in 2021 compared to 8029
million INR in 2020.
● Merck KGaA, AstraZeneca plc has generated $ 37,417 million in 2021 which was $
26,617 million in 2020.
Stada and Alvotech have announced the launch of the Hukyndra higher-strength
adalimumab biosimilar.
10. Conclusion
The market share of injection pens is increasing and as awareness is spreading among
people, it is gaining more and more popularity. Demand for it has increased and from the
above points, it is clear that in the coming future its demand will rise more.
16. On the basis of Product Type
● Disposable Injection Pens
● Reusable Injection Pens
On the basis of End-User
● Home care setting
● Hospital & Diagnostic Clinic
On the basis of Implementation
● Diabetes
○ Insulin Therapy
○ GLP - 1 Therapy
17. ● Growth Hormone
○ Osteoporosis
○ Fertility
○ Auto-Immune Diseases
○ Cancer
○ Other Therapies
On the basis of Region
● North America
● South America
● Asia Pacific
● Europe
● Middle East & Africa
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