Worldwide Sales of Disposable Injection Pen to Surpass US$ 6 Bn By The End of 2030 – PharmiWeb.com

Amid rising demand for better accuracy in administering required medications to patients, the injection pen market is finding itself impressive growth opportunities. A new study by Fact MR projects theinjection pen marketto reach US$ 6 Bn by the end of 2030.

Rising prevalence of various chronic ailments has been enabling growth in the injection pen market. These pens allow accurate and more convenient delivery of medication using a vial or syringe. While every person with diabetes may not need insulin, those who do find injection pens simple to use and less intrusive. Injection pens are also often used to administer medications during growth hormone therapy. Growth hormone injection treatment is sometimes prescribed to children diagnosed with turner syndrome or with deficiency of growth hormones.

Besides diabetes, injection pens are often preferred for administering medication in accurate doses for various autoimmune diseases and other conditions. For instance, these are often used for administering medicines torheumatoid arthritispatients. Over the coming years, sales recorded within the market hold possibilities of surging, especially once a COVID-19vaccineis discovered and available for the general public, says a lead analyst at Fact.MR.

Global Injection Pen Market: Segmentation

Type

Indication

Distribution Channel

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Key Takeaways from Injection Pen Market Report

Following Questions Answers Covered in the Report are:

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Regional analysis includes

Surging Demand for Insulin Pens Aiding Growth

One of the chief market drivers is the surging demand for insulin pens. These pens are rapidly replacing conventional syringes and vials on account of their user-friendly and less intrusive mechanism. Advancements introduced in quick successions also are helping the injection pen market grow.

Since an increasing number of brands have introduced insulin pens with color codes, patient pen section errors have significantly reduced. These factors are likely to play a crucial role in giving tailwinds to sales witnessed in the market.

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More Valuable Insights on Injection Pen Market

Fact.MR, in its new offering, presents an unbiased analysis of the global injection pen market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the injection pen market on the basis of type (reusable and disposable), indication (diabetes,growth hormone therapy, autoimmune, and others), and distribution channel (hospital pharmacies, retail pharmacies, and online pharmacies), across major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

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Worldwide Sales of Disposable Injection Pen to Surpass US$ 6 Bn By The End of 2030 - PharmiWeb.com