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Insulin Pens Market

Global Insulin Pens Market Share, Size, Analysis, Opportunity, Forecast: By Product Type: Disposable Insulin Pen, Reusable Insulin Pen; By Disease Type: Type I Diabetes, Type II Diabetes; By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Diabetes Clinics, Others; Regional Analysis; Supplier Landscape; 2024-2032

Global Insulin Pens Market Outlook

The global insulin pens market size was valued at USD 41.96 million in 2023, driven by increasing prevalence of diabetes, easy to use nature of insulin pens, and improvements in global healthcare infrastructure. The market is anticipated to grow at a CAGR of 3.1% during the forecast period 2024-2032 to reach a value of USD 55.23 million by 2032.

 

insulin pens market

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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

 

insulin pens market by segments

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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.

 

insulin pens market by region

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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 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Disease Type
  • Distribution Channel
  • Region
Breakup by Product Type
  • Disposable Insulin Pen
  • Reusable Insulin Pen
Breakup by Disease Type
  • Type I Diabetes
  • Type II Diabetes
Breakup by Distribution Channel
  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy
  • Diabetes Clinics
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Nikkiso Co., Ltd.
  • Asahi Kasei Medical Co. Ltd
  • B. Braun Melsungen AG
  • Fresenius SE & Co. KGaA
  • Terumo Bct, Inc
  • Haemonetics Corporation
  • Mallinckrodt
  • Kaneka Corporation
  • Kawasumi Laboratories, Inc.
  • Miltenyi Biotec
  • Infomed
  • Toray Medical Co., Ltd.

 

*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
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Insulin Pens Market Overview 

    3.1    Global Insulin Pens Market Historical Value (2017-2023) 
    3.2    Global Insulin Pens Market Forecast Value (2024-2032)
4    Global Insulin Pens Market Landscape
    4.1    Global Insulin Pens Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Insulin Pens Product Landscape
        4.2.1    Analysis by Product Type
        4.2.2    Analysis by Disease Type
        4.2.3    Analysis by Distribution Channel
5    Global Insulin Pens Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Insulin Pens Market Segmentation 
    6.1    Global Insulin Pens Market by Product Type
        6.1.1    Market Overview                                                                                            
        6.1.2    Disposable Insulin Pen
        6.1.3    Reusable Insulin Pen
    6.2    Global Insulin Pens Market by Disease Type
        6.2.1    Market Overview
        6.2.2    Type I Diabetes
        6.2.3    Type II Diabetes
    6.3    Global Insulin Pens Market by Distribution Channel
        6.3.1    Market Overview
        6.3.2    Hospital Pharmacy
        6.3.3    Retail Pharmacy
        6.3.4    Online Pharmacy
        6.3.5    Diabetes Clinics
        6.3.6    Others
    6.4    Global Insulin Pens Market by Region
        6.4.1    Market Overview
        6.4.2    North America 
        6.4.3    Europe
        6.4.4    Asia Pacific
        6.4.5    Latin America
        6.4.6    Middle East and Africa
7    North America Insulin Pens Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Insulin Pens Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Insulin Pens Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Insulin Pens Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Insulin Pens Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Nikkiso Co., Ltd.
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    Asahi Kasei Medical Co. Ltd
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    B. Braun Melsungen AG
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Fresenius SE & Co. KGaA
        17.4.1    Financial Analysis
        17.4.2    Financial Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    Terumo Bct, Inc
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Haemonetics Corporation
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    Mallinckrodt
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Kaneka Corporation
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    Kawasumi Laboratories, Inc.
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Miltenyi Biotec
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Infomed
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    Toray Medical Co., Ltd.
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications
18    Global Insulin Pens Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The global insulin pens market reached a value of USD 41.96 million in 2023.

The market is projected to grow at a CAGR of 3.1% during the forecast period of 2024-2032 to reach a value of USD 55.23 million by 2032.

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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