Injection Pen Market includes (by Type (Disposable injection pens, and Reusable injection pens), End User (Home care, and Hospital & clinics), Disease & disorder (Diabetes, Growth hormone therapy, Fertility, Osteoporosis, and Other), and Region (North-America, Europe, Asia Pacific, Latin America, Middle East and Africa)) – is expected to reach USD 10.2Bn by 2026 at a CAGR of 7.8%.
Disposable injection pens segment will grow at the fastest rate during the forecast period for Injection Pen market
The disposable injection pens segment is expected to grow at the highest CAGR during the forecast period of 2018-2026. Benefits offered by these pens include, portability, ease of use, and a lower possibility of infection forming some of the key drivers for the market growth of disposable injection pens.
Among diseases, diabetes segment is expected to grow at a high rate during the forecast period of 2018-2026
The diabetes segment is expected to grow at the highest rate during the forecast period that can be attributed to the large diabetic population worldwide as well as favourable reimbursements for diabetic treatments across developed and developing countries as well.
North America to hold the largest market share for the Injection Pen market in forecast period of 2018-2026
The North America region holds a larger market share for injection pen market. Factors such as rising prevalence of diabetes in the US and Canada, easy and favourable reimbursement scenario, along with the increase in government policies for boosting healthcare has been certain key drivers to boost the injection pen market in North America. .
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