Portland, OR, April 07, 2023 (GLOBE NEWSWIRE) — In keeping with the report launched by Allied Market Analysis, the international injection pen market was estimated at $37.89 billion in 2021 and will hit $80.51 billion by 2031, registering a CAGR of 7.8% from 2022 to 2031. The report presents an in depth evaluation of the altering market traits, main segments, main funding pockets, worth chains, regional landscapes and aggressive eventualities. The report is a helpful supply of knowledge for key market gamers, new entrants, traders and stakeholders as they strategize for the longer term and take steps to strengthen their place out there.
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Protection and report particulars:
| Report protection | Particulars |
| Forecast interval | from 2022 to 2031 |
| Reference yr | 2021 |
| Market dimension in 2021 | $37.89 billion |
| Market dimension in 2031 | $80.51 billion |
| CAGR | 7.8% |
| # of pages within the report | 428 |
| Segments coated | Remedy, finish customers, kind and area |
| Drivers | Elevated prevalence of power illnesses |
| Rising geriatric inhabitants | |
| Elevated consciousness for self-injectable gadgets | |
| Improve in technological progress | |
| Alternative | Elevated demand for insulin injection pens from rising economies because of rising instances of diabetes |
| Elevated prevalence of power illnesses | |
| Restrictions | Choice for another technique of drug administration |
| Elevated variety of needlestick accidents |
Covid-19 Situation:
- The outbreak of the COVID-19 pandemic has had a optimistic affect on the expansion of the worldwide injection pen market. On account of a rise in diabetic sufferers, who have been at excessive threat of being affected by COVID-19, the injection pen market grew through the lockdown interval.
- Moreover, individuals who have diabetes want fixed entry to medicine and insulin (given in injection pens). Consequently, extra folks with diabetes have been utilizing injection pens to regulate blood sugar ranges through the pandemic.
- This pattern has continued even after the pandemic.
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The analysis offers detailed segmentation of the worldwide Injection Pen market by remedy, end-user, kind, and area. The report discusses the segments and their sub-segments intimately with the assistance of tables and figures. Market gamers and traders can strategize primarily based on the very best income producing and quickest rising segments talked about within the report.
Based mostly on remedy, the diabetes section held the very best share in 2021, accounting for greater than three-fifths of the worldwide injection pen market’s income and is anticipated to keep up its main standing through the forecast interval. The identical section is projected to expertise the very best CAGR of 8.5% from 2022 to 2031. The report additionally discusses development hormones, osteoporosis, fertility, and different segments.
Based mostly on end-users, the House Care Settings section accounted for the biggest share in 2021, holding greater than two-thirds of the income of the worldwide Injection Pen market and is anticipated to keep up its income lead through the forecast interval. The identical section, nevertheless, is estimated to develop on the highest CAGR of 8.2% from 2022 to 2031. The section of hospitals and clinics can also be analyzed within the report.
Based mostly on kind, the disposable injection pen section held the biggest share in 2021, garnering practically three-quarters of the worldwide injection pen market income and is anticipated to keep up its dominance by 2031. The identical section would additionally present the quickest CAGR of 8.0%. from 2022 to 2031. The report additionally research the section of impartial sellers.
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On a regional foundation, North America held the biggest share in 2021, contributing greater than two-fifths of the income of the worldwide injection pen market, and is anticipated to keep up its dominant share of income over the forecast interval. . Moreover, the Asia-Pacific area is projected to expertise the quickest CAGR of 9.3% from 2022 to 2031. The opposite areas analyzed within the examine embody Europe and LAMEA.
Main market gamers analyzed within the International Injection Pens Market Report embody Novartis AG, Merck Group, Sanofi, Biocon, Pfizer Inc., Novo Nordisk A/S, Ypsomed AG, Dickinson and Firm, AstraZeneca, Eli Lilly and Firm, and becton. These gamers have adopted totally different methods similar to new product launches, partnerships, expansions, joint ventures, agreements and others to extend their market share and preserve dominant shares in several areas. The report is invaluable in highlighting the enterprise efficiency, product portfolio, working segments, and strategic strikes of the market gamers to indicate the aggressive state of affairs.
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About Allied Market Analysis:
Allied Market Analysis (AMR) is a full service market analysis and enterprise consultancy from Allied Analytics LLP primarily based in Portland, Oregon. Allied Market Analysis presents international enterprises and medium and small companies unmatched high quality of ‘Market Analysis Stories’ and ‘Enterprise Intelligence Options’. AMR has a centered imaginative and prescient to offer enterprise insights and recommendation to help its purchasers in making strategic enterprise choices and reaching sustainable development of their respective market domains. AMR presents its providers throughout 11 trade verticals together with Life Sciences, Shopper Items, Supplies & Chemical substances, Building & Manufacturing, Meals & Beverage, Energy & Power, Semiconductors & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Protection and BFSI.
We now have skilled enterprise relationships with numerous firms and this helps us to dig market knowledge which helps us generate correct analysis knowledge tables and confirms utmost accuracy in our market forecasts. Allied Market Analysis CEO Pawan Kumar is instrumental in inspiring and inspiring everybody related to the corporate to keep up excessive knowledge high quality and assist purchasers in any approach attainable to realize success. Each single piece of knowledge introduced within the stories we publish is extracted via major interviews with senior officers of the key area firms involved. Our secondary knowledge sourcing methodology contains in depth on-line and offline analysis and discussions with skilled professionals and trade analysts.
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