Global Disposable Insulin Pen
Market Report
2024
The Global Disposable Insulin Pen market size will grow at a compound annual growth rate (CAGR) of 11.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Disposable Insulin Pen Market Report 2024.
According to Cognitive Market Research, The Global Disposable Insulin Pen market size will grow at a compound annual growth rate (CAGR) of 11.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Disposable Insulin Pen Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.5% |
Market Split by Type |
|
Market Split by Application |
|
Market Split by End-User |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Disposable Insulin Pen industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Disposable Insulin Pen Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The rising global prevalence of diabetes, growth and advantages over traditional insulin delivery methods, rising advancements in technology, adoption of devices among patients preferring self-administration, development in the aged population, increasing awareness about diabetes management, increase in government initiatives and policies related to healthcare, increasing use of pens offering convenience and flexibility for patients in busy lifestyles, reduction in needle anxiety, rising disposable income levels in some regions, increasing competition among pharmaceutical and medical device companies to create innovation and growing healthcare infrastructure and increasing access to medical services in emerging markets are the primary factors driving the growth of Disposable Insulin Pen market.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Disposable Insulin Pen industry.
For instance, as per the International Diabetes Federation 2021, by 2030, it is estimated that the global diabetic population will reach 643 million individuals, and this number is expected to escalate further to 783 million by 2045.
(Source:idf.org/about-diabetes/diabetes-facts-figures/)
A significant market driver for Disposable Insulin Pen has been the rising use of connected medical devices all over the world. These devices, often integrated with IoT technology, enable real-time monitoring and data sharing between patients and healthcare providers, enhancing diabetes management. Connected insulin pens offer features such as dose tracking, reminders, and data synchronization with mobile apps or cloud platforms, improving treatment adherence and accuracy.
For instance, in February 2023, Glooko, a U.S. software company, partnered with Sanofi, a French pharmaceutical company, to integrate SoloSmart with the Glooko platform. SoloSmart is a connected device that works with SoloStar and DoubleStar insulin injection pens. It records insulin dosage injection details and enables data visualization in the Glooko app. This collaboration enhances connected care in diabetes management by allowing patients to share their information with healthcare professionals.
(Source:glooko.com/news_reg/glooko-global-collaboration-sanofi-solostar-pen-connectivity-solosmart/)
Patients can easily share their insulin usage data with healthcare professionals for remote monitoring and personalized care. This trend towards connected healthcare devices not only empowers patients in managing their conditions but also enhances the overall efficiency and effectiveness of diabetes care, thereby driving the demand for disposable insulin pens in the global market.
The market for Disposable Insulin pens has undergone a revolution because of the increase in the number of diabetes patients' year-after-year. With each passing year, the diabetes epidemic continues to escalate, driven by factors such as sedentary lifestyles, unhealthy dietary habits, and increasing obesity rates. This ever-expanding patient population necessitates efficient and convenient insulin delivery methods, propelling the demand for disposable insulin pens.
For instance, as per the WHO, half of all deaths caused by high blood glucose happen before the age of 70 years. WHO anticipates diabetes to be the seventh most prominent reason for death by the year 2030.
(Source:www.who.int/news-room/fact-sheets/detail/diabetes)
These devices offer a user-friendly, portable, and discreet means of insulin administration, particularly appealing to the growing number of diabetes patients who require regular insulin therapy. As healthcare systems and individuals seek effective diabetes management solutions, the disposable insulin pen market is poised to expand further to meet this escalating global health challenge.
The constraints of high costs of devices constrain the Disposable Insulin Pen market. While disposable insulin pens offer convenience and ease of use for individuals with diabetes, they can be expensive compared to traditional insulin delivery methods. The affordability of disposable insulin pens remains a critical concern, impacting their widespread adoption and accessibility, which could limit market growth and hinder diabetes management for some individuals.
Lockdowns and reduced healthcare facility access affected both production and distribution. However, as the pandemic persisted, economic uncertainties led some patients to seek cheaper alternatives, impacting market growth. Remote healthcare solutions and telemedicine gained prominence, influencing patient preferences. Manufacturers adapted to meet the evolving needs, focusing on safety and convenience features. Post-pandemic, the market is expected to rebound, driven by the growing diabetic population, technological advancements, and increased healthcare awareness, particularly in emerging economies.
We have various report editions of Disposable Insulin Pen Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The market for Disposable Insulin pens has a very distinct competitive environment. The industry leaders continuously innovate to develop user-friendly, cost-effective, and technologically advanced insulin pen devices, aiming to enhance patient convenience and adherence. With a growing diabetic population worldwide, the disposable insulin pen market remains highly competitive, marked by ongoing technological advancements and market consolidation efforts.
October 2022: Novo Nordisk announced the completion of the Forma Therapeutics acquisition.
December 2022: Sanofi and Innate Pharma expanded the collaboration for natural killer cell therapeutics in oncology.
(Source:www.sanofi.com/en/media-room/press-releases/2022/2022-12-19-06-00-00-2575893)
May 2021: Roche signed a collaboration agreement with Eli Lilly and Company to work towards optimizing the management of insulin pen therapy. Through this collaboration, Roche aimed to create an open ecosystem including its own and partner devices, solutions and services, in the continuum of care in diabetes.
Top Companies Market Share in Disposable Insulin Pen Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Asia-Pacific dominated the market in 2023. It accounted for a share of more than 35% of the global revenue due to the rising prevalence of diabetes, increasing healthcare infrastructure, and growing awareness about self-administration of insulin. The Asia-Pacific region dominates the market for Disposable Insulin Pen. Additionally, favorable government initiatives and partnerships between pharmaceutical companies and healthcare providers are promoting the adoption of disposable insulin pens. As the region continues to witness economic development and improved access to healthcare, the disposable insulin pen market is poised for continued expansion. According to Cognitive Market Research, due to its vast diabetic population and increasing healthcare infrastructure, China is anticipated to hold a strong position in the Asia-Pacific area. Local manufacturers have also made significant strides in producing cost-effective insulin pen devices, making them accessible to a broader population. Additionally, favorable government policies and initiatives to enhance diabetes care have further propelled the market's expansion. As a result, China's contribution to the global disposable insulin pen market is significant, and it continues to be a lucrative region for manufacturers and stakeholders alike.
North America’s robust healthcare infrastructure, high prevalence of diabetes, and growing geriatric population are driving market growth. Technological advancements and patient preference for user-friendly insulin delivery systems are propelling the adoption of disposable insulin pens in the region. Regulatory support and reimbursement policies further bolster market expansion. With a focus on innovation and improved patient outcomes, North America is expected to continue its significant share of the global disposable insulin pen market, offering growth opportunities for manufacturers and healthcare providers.
The current report Scope analyzes Disposable Insulin Pen Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Disposable Insulin Pen Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Disposable Insulin Pen Industry growth. Disposable Insulin Pen market has been segmented with the help of its Type, Application End-User, and others. Disposable Insulin Pen market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, 1 ml pens are utilized most frequently in the market for Disposable Insulin pens. They are compact and typically designed for patients who require smaller doses of insulin. These pens are easy to carry and use, making it ideal for individuals with type 2 diabetes or those who need precise insulin management.
The 3 ml pens is the second-most used product. They offer versatility in dosing options, making them suitable for a broad range of diabetic patients. These pens often come with user-friendly features like dose memory and dose correction, enhancing patient compliance.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Disposable Insulin Pen Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the Type 1 diabetes segment holds a prominent position in the Disposable Insulin Pen market. It requires lifelong insulin therapy to regulate their blood sugar levels. These pens are pre-filled with insulin cartridges, making it simple for patients to administer precise doses of insulin as needed. The compact and discreet design of disposable insulin pens also enhances their appeal, allowing Type 1 diabetes patients to carry them wherever they go, ensuring better adherence to treatment plans.
The Disposable Insulin Pen for Type 2 diabetes involves a combination of insulin resistance and reduced insulin production. Disposable insulin pens offer a user-friendly option for Type 2 diabetes patients, promoting self-administration of insulin in a more convenient manner than traditional vial and syringe methods. It can enhance patient compliance and improve overall glycemic control.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Disposable Insulin Pen market report 2024 Edition by contacting our team.
Home use is the Disposable Insulin Pen market's most significant segment. The growing trend towards patient-centric care and the increasing prevalence of diabetes worldwide characterizes this segment. Disposable insulin pens designed for home use are user-friendly, easy to handle, and often come pre-filled with insulin cartridges. They are designed to simplify the process of insulin administration for patients, especially those who may have dexterity or mobility issues.
According to Cognitive Market Research, hospitals are the second-most popular end-user. These pens are particularly valuable in managing glycemic levels in patients with diabetes during their stay. They offer a convenient and precise method of insulin delivery, allowing for better control and monitoring of blood glucose levels. Hospitals may also use disposable insulin pens in emergency departments and critical care units for prompt intervention.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Disposable Insulin Pen Market is witnessing significant growth in the near future.
In 2023, the 1 ml segment accounted for noticeable share of global Disposable Insulin Pen Market and is projected to experience significant growth in the near future.
The Type 1 segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies B.D. , Novo Nordisk and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | 1 ml, 3 ml, 5 ml, 10 ml |
Application | Type 1, Type 2 |
End-User | Home Use, Hospitals, Plastic Institutions, Other |
List of Competitors | B.D., Levemir, Novo Nordisk, Sanofi-aventis, Owen Mumford, Wockhardt, Phillips-Medisize, Wanchai Medical Devices |
This chapter will help you gain GLOBAL Market Analysis of Disposable Insulin Pen. Further deep in this chapter, you will be able to review Global Disposable Insulin Pen Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Disposable Insulin Pen Market Trends North America Disposable Insulin Pen Technological Road Map North America Disposable Insulin Pen Market Drivers North America Disposable Insulin Pen Market Restraints North America Disposable Insulin Pen Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Disposable Insulin Pen market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why 1 ml have a significant impact on Disposable Insulin Pen market? |
What are the key factors affecting the 1 ml and 3 ml of Disposable Insulin Pen Market? |
What is the CAGR/Growth Rate of Type 1 during the forecast period? |
By type, which segment accounted for largest share of the global Disposable Insulin Pen Market? |
Which region is expected to dominate the global Disposable Insulin Pen Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Disposable Insulin Pen Market
Request Sample