(MENAFN- Ameliorate Digital Consultancy)
The study on the Global Injection Pen Insights published by Fact.MR is a comprehensive analysis of the key factors that are likely to determine the growth of Injection Pen Insights in the upcoming years. Further, the study dives deep to investigate the micro and macro-economic parameters that are expected to influence the global scenario of the Injection Pen Insights during the forecast period (2021-2031).
The sales of injection pens have considerably picked up in the last couple of years, as they have become a widely accepted treatment method to address a broad spectrum of medical considers.
These include diabetes, rheumatoid arthritis, insulin deficiency, and obesity. With the incidence of these ailments surging massively, pen injections are being extensively used as an effective medium of administering treatment to patients.
Injection pens are at present widely used by nearly half of the patient pool suffering from insulin-related problems. This factor also is one of the chief drivers for the expansion of the injection pen market size. With manufacturers shifting their focus towards bringing improvements in injection pen designs, sales prospects are expected to get better for the injection pen market over the coming years.
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Injection Pen Insights Segmentation
By Region
North America Europe East Asia South Asia Latin America Oceani Middle East & Africa
By Indication
Diabetes Growth Hormone Therapy Autoimmune Others
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Key Takeaways from Injection Pen Report
Rising availability of insulin pens in pre-filled and durable designs has been enabling growth of the market. Based on type, the disposable segment is forecast to account for higher percentage of share in the injection pen market than reusable injection pens. In terms of indication, diabetes accounts for the maximum sales witnessed in the injection pen market. Retail pharmacies emerged dominant in the global market in terms of distribution channel in 2019, and expected to continue dominating through the course of the forecast period. Regionally, North America has been dominating the injection pen market. However, over the course of the forecast period, Asia Pacific is forecast to emerge as a more lucrative market, exhibiting a higher rate of growth.
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