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Global Insulin Pens Market Share, Size, Analysis, Opportunity, Forecast: By Product Type: Prefilled, Reusable; By End Use: Hospitals and Clinics, Ambulatory Surgical Centres, Home Care Setting; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Insulin Pens Market Outlook
The global insulin pens market is expected to grow at a CAGR of 7.30% between 2023 and 2028. Key market drivers include increasing prevalence of diabetes, easy applications, and improvements in healthcare infrastructure at a global level.
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Key Trends in the Market
Insulin pens are pen-shaped devices with an injector and a reservoir where insulin can be stored. Available in disposable and reusable formats, insulin pens are used by people with diabetes who require insulin in a liquid form. Insulin pens are increasingly replacing insulin syringes because they are less painful and are easier to use as compared to the conventional syringe. Insulin pens are mostly injected in the front and side of thigh, in the abdomen, and in the outer and upper arms.
- Increase in the number of diabetic patients, including type 1 and type 2 diabetes, has surged the demand for insulin pens globally, helping in the growth of the overall insulin pens market. Improvements in diagnostics have increased the number of patients with a confirmed diabetes diagnosis and prescription for insulin pens.
- Insulin pens are simple to use and give accurate results which has increased its popularity among people. Reusable insulin pens are easy to refill and lower costs of purchasing new insulin pens.
- Developments carried out in insulin pen technology, such as smart insulin pens that can integrate with mobile apps, calculate and track doses, and provide reminders and alerts for upcoming doses, are fuelling the growth of the insulin pens market.
Market Analysis
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Based on product type, the market can be bifurcated into prefilled and reusable. By end use, the market is categorised into hospitals and clinics, ambulatory surgical centres, and home care setting. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global insulin pens market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Eli Lilly and Company
- Novo Nordisk A/S
- Biocon Limited
- F. Hoffmann-La Roche Ltd
- Sanofi-aventis Groupe
- Becton, Dickinson and Company
- Others
Market Share by End Use
Hospitals and clinics accounted for a significant share in the insulin pens market globally because they have skilled doctors and professionals with fully equipped products to diagnose and treat both type 1 and type 2 diabetic patients. Furthermore, in healthcare settings, a new insulin pen is required for every patient at every visit, increasing the number of pens used in hospitals and clinics. Patients are provided with insulin timely to improve their blood sugar levels, often in critical situations. However, home care settings are a growing end use segment for insulin pens as more people become regular users of insulin and switch to insulin pens instead of syringes.
Market Share by Region
North America held the sizable share in the global insulin pens market owing to the widespread prevalence of diabetes in the region. Presence of a large number of key players and increasing research and development activities by them in order to improve insulin pen features and capabilities are enhancing the growth of the market in the region. Moreover, demand for smart insulin delivery products is increasing rapidly which is encouraging the manufacturers to come up with new solutions in order to fulfil their demand. In countries such as the United States, insulin pens are among the most forms of insulin delivery used by patients.
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Competitive Landscape
Eli Lilly and Company was established in 1876 and is headquartered in Indiana in the United States. It is a pharmaceutical company that carries out research and development to improve its product offerings for its customers and consumers. Eli Lilly and Company manufactures human healthcare products such as clinical depression drugs and antipsychotic medications, among other products.
Novo Nordisk A/S was founded in 1923 is headquartered in Bagsvaerd, Denmark. It is a Danish pharmaceutical company that innovates and develops biological medicines for the healthcare industry. Their products include medicines for conditions such as diabetes, haemophilia, obesity, hormone replacement, and growth hormone therapy. Beyond medicine development, they aim to make their product accessible to every person throughout the world.
Biocon Limited was founded in 1978 and has its headquarter in Bengaluru, India. It is a pharmaceutical company that is involved in developing biosimilars, complex APIs, and generic formulations, and supplying these products and solutions to consumers globally. It is also known for commercialising recombinant human insulin using a yeast expression system.
Other market players include F. Hoffmann-La Roche Ltd., Sanofi-aventis Groupe, and Becton, Dickinson and Company, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Insulin Pens Market Analysis
8.1 Key Industry Highlights
8.2 Global Insulin Pens Historical Market (2018-2022)
8.3 Global Insulin Pens Market Forecast (2023-2028)
8.4 Global Insulin Pens Market by Product Type
8.4.1 Prefilled
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Reusable
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Insulin Pens Market by End Use
8.5.1 Hospitals and Clinics
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Ambulatory Surgical Centres
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Home Care Setting
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Insulin Pens Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Price Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Eli Lilly and Company
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Novo Nordisk A/S
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Biocon Limited
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 F. Hoffmann-La Roche Ltd
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Sanofi-aventis Groupe
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Becton, Dickinson and Company
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Insulin Pens Market: Key Industry Highlights, 2018 and 2022
2. Global Insulin Pens Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Insulin Pens Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Insulin Pens Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Insulin Pens Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Insulin Pens Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Insulin Pens Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Insulin Pens Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Insulin Pens Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Insulin Pens Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Insulin Pens Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Insulin Pens Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Insulin Pens Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Insulin Pens Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Insulin Pens Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Insulin Pens Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Insulin Pens Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Insulin Pens Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 7.30% between 2023 and 2028.
The major market drivers are increasing prevalence of diabetes, easy to use nature of insulin pens, and improvements in global healthcare infrastructure.
The key trends of the market are increase growing affordability of insulin pens, preference for refillable insulin pens in home settings, and technological advancements such as the development of smart insulin pens.
Key players in the insulin pens market include Eli Lilly and Company, Novo Nordisk A/S, Biocon Limited, F. Hoffmann-La Roche Ltd., Sanofi-aventis Groupe, and Becton, Dickinson and Company, among others.
An insulin pen is an injector device in the shape of a pen with a reservoir to store insulin that is used to inject insulin in people suffering from diabetes.
Insulin pens are considered less painful than insulin syringes and are easier to use and carry.
The market for insulin pens is segmented based on product type, end use, and region.
Insulin pens can be injected in the front and side of thigh, in the abdomen, and in the outer and upper arms.
The primary product types for insulin pens are prefilled and reusable.
The various end uses in the market are hospitals and clinics, ambulatory surgical centres, and home care settings.
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