Insulin Pens Market: Key Geographic that will Drive Growth
Regional Growth Analysis and Market Trends 2021-2025
The insulin pens market is set to grow by $ 3.43 bn, accelerating at a CAGR of almost 8% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.
For a glimpse into our research analysis and insights: Request for our Free Sample Report
Insulin Pens Market: North America to lead market growth during the forecast period
Insulin Pens Market: Key Competitors
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Becton, Dickinson and Co., Biocon Ltd., Eli Lilly and Co., Emperra GmbH E-Health Technologies, Innovation Zed Ltd., Medtronic Plc, Nemera, Novo Nordisk AS, Owen Mumford Ltd., and Sanofi SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
The report provides insights into the following FAQs:
Insulin Pens Market Size to Grow by $ 3.43 Billion through 2021-2025
Technavio research projects the insulin pens market to grow by $ 3.43 billion, accelerating at a CAGR of 8% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Insulin Pens Market: Receive FREE Sample Report
Insulin Pens Market: Key Market Driver
One of the primary factors that will trigger the growth of the insulin pens market size is growing prevalence of diabetes cases. Various initiatives are being initiated to increase the awareness of diabetes management across regions which will accelerate the growth of the market during the forecast period. For instance, in November 2019, the Indian Medical Association launched a campaign to control diabetes. It asked all its state and local branches to conduct screening camps and mass awareness programs for a month to create awareness about the disease.
The increasing prevalence of diabetes cases increases the cost burden for patients and governments. It increases both direct (hospital stay, prescription, medication, and physician visit costs) and indirect costs (absenteeism in office, reduced productivity at work, and inability to work owing to disability caused by diabetes such as amputation). Therefore, the governments of several countries are initiating diabetes prevention and management programs. Such programs also help to monitor diabetes-affected people. This requires diabetes management devices such as insulin pens, insulin needles, and blood sugar monitoring devices. Such government-initiated programs will encourage companies to launch more products, form additional collaborations with governments, and increase sales. These factors should improve the market growth during the forecast period.
This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Insulin Pens Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Becton, Dickinson and Co., Biocon Ltd., Eli Lilly and Co., Emperra GmbH E-Health Technologies, Innovation Zed Ltd., Medtronic Plc, Nemera, Novo Nordisk AS, Owen Mumford Ltd., and Sanofi SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
The report provides insights into the following FAQs:
