Global Diabetes Injection Pens Market: Snapshot
Owing to the increasing number of diabetics in the world and consequent rise in awareness and management, the global diabetes injection pens market is expected to expand at a remarkable pace. The evolution of smart insulin pens has taken over traditionally used syringes that cause needlestick injury, and has remarkably propelled the market with mobile app technology connectivity.
The global diabetes injection pens market is estimated to be worth a US$9.7 bn by 2024, rising from a US$4.9 bn earned in 2015. The market is expected to expand at 7.9% healthy CAGR during the forecast period of 2016 to 2024
Insulin Pens Generating More Revenue by Diabetics
Based on segmentation by product, two important classifications of the global diabetes injection pens market are pen needles and insulin pens. Insulin pens have a larger share in the market as 90.0% of the diabetic population in Asia and Europe prefers them instead of pen needles. According to the 2015 statistics, insulin pens collected an over 65.0% as leading revenue generator. Insulin pens are cost-efficient, hence they could make massive sales among the diabetic population.
Diabetes injection pens are sold by means of hospital, pharmacies, diabetes centers and clinics, retail pharmacies, and online methods. Among these distribution channels, buying injection pens from hospitals are more preferred, and this contributed to a share of over 33.0% to the global diabetes injection pens market as of 2015. Owing to the availability of a flourishing global e-commerce sector, the online channel is becoming much more noticeable. However, since the adoption of diabetes injection pens in hospitals is rising in the developed markets such as Germany, the U.K., and the U.S., this segment is expected to witness immense growth through the forecast period.
Based on their usage, diabetes injection pens are classified into two types: disposable and reusable. Although both these segments have almost equally contributed to the market share, reusable pens have a slightly upper hand. Developing countries such as India and China prefer to use disposable pens, whereas countries such as Germany, the U.K., and Japan would rather pick reusable pens.
North America Contributing Largest Share is Dominating Injection Pen Market
The global diabetes injection pens market is studied on the basis of key geographies Asia, Latin America, North America, Europe, and the Rest of the World. Among these, North America and Europe dominated the market in 2015. In North America, the U.S. secured a stronger share of 94.0% in 2015. This was due to growing healthcare awareness regarding the management and treatment of glucose levels, increasing research and development activities, and various technological advancements.
Asia Pacific is also expected to exhibit strong growth during the forecast period due to significant contributions from India, China, and Japan. On the other hand, there is a probability of Europe expanding at a slow rate as the regional market has reached its saturation point.
Some of the leading players in the global diabetes injection pens market are Eli Lilly and Company, Dickinson and Company, AstraZeneca plc, Novo Nordisk A/S, and Sanofi S.A. The vendor landscape is dominated by a few companies, thus rendering the market consolidated.
Diabetes Injection Pens Market to Earn Notable Revenues Owing to Increasing Number of Diabetic Patients
Attributable to the expanding number of diabetics on the planet and subsequent ascent in mindfulness and the executives, the worldwide diabetes infusion pens market is required to extend at an astounding speed. The development of shrewd insulin pens has taken over generally utilized needles that cause needlestick injury, and has amazingly moved the market with versatile application innovation availability.
The thought behind diabetic injection pens is accommodation. As organizations work out groundbreaking thoughts for their items, they understand the quintessence of observing customer conduct reliably. What's more, this aides major parts in the worldwide diabetic injection pens market to zero in on making items more use-accommodating. By comfort, the items intend to make delivering an insulin shot an assignment for not over 10 seconds. The thought is to kill reliance to convey the medication.
Despite the strong sense of innovation, the diabetic injection pens market, may face certain challenges. It is the very drug organizations or those assembling clinical gadgets that instigate on the requirement for wearable to monitor wellbeing. Not simply that, assurance and mindfulness among the patient populace pushes them to dispose of insulin. Patients center around controlling their glucose levels, and along these lines intend to switch back to tablets or decrease the dose. This will stop development in the worldwide diabetic injection pens market.
Notwithstanding, the rising diabetic populace falling prey to inactive way of life will invalidate the counter impacts of innovation and assist players with staying pertinent and support in the worldwide diabetic injection pens market.
In spite of that, few organizations have additionally carried out items that emphasis on cost and strength. While there are brands that harp on the requirement for another pen each time the cartridge is out of insulin, there are galore in the market who give items that keep going long. It is one thing less to stress for a customer.
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions
2.2. Acronyms Used
2.3. Research Methodology
3. Executive Summary
3.1. Global Diabetes Injection Pens Market Snapshot
4. Market Overview
4.1. Product Overview
4.2. Key Industry Events
4.3. Global Diabetes Injection Pens Market Size (US$ Mn) Forecast, 2014–2024
4.4. Porter’s Five Forces Analysis
4.5. Value Chain Analysis
4.6. Product Pricing Analysis
4.7. Global Diabetes Injection Pens Market Outlook
5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
5.2. Drivers
5.2.1. Increase in prevalence of diabetes
5.2.2. Growing number of insulin syringe needle stick injury cases
5.2.3. Improving patient compliance and acceptability of novel technologies
5.2.4. Innovations in digital insulin pen
5.2.5. Impetus from insulin market
5.2.6. Rise in incidence of pediatric diabetes and geriatric population diabetes
5.3. Restraints
5.3.1. Threat of alternative technologies for insulin delivery
5.3.2. Pricing pressures in U.S.
5.1. Opportunity Analysis
5.2. Technology Trend
5.2.1. Smart Insulin Pen Connected with Mobile App
5.2.2. Smart Insulin Pen Caps
5.2.3. Prominent Innovator in the Future of Connected Insulin Pens
5.2.4. Future of Connected Devices in Blood Glucose Monitoring
6. Global Diabetes Injection Pens Market Analysis, by Product Type
6.1. Introduction
6.2. Key Findings
6.3. Global Diabetes Injection Pens Market Value Share Analysis, by Product Type, 2016 and 2024
6.3.1. Insulin Pens
6.3.2. Pen Needles
6.4. Global Diabetes Injection Pens Market Attractiveness Analysis, by Product Type, 2014–2024
6.5. Key Trends
7. Global Diabetes Injection Pens Market Analysis, by Usage
7.1. Introduction
7.2. Key Findings
7.3. Global Diabetes Injection Pens Market Value Share Analysis, by Usage, 2016 and 2024
7.3.1. Reusable Pens
7.3.2. Disposable Pens
7.4. Global Diabetes Injection Pens Market Attractiveness Analysis, by Usage, 2014–2024
7.5. Key Trends
8. Global Diabetes Injection Pens Market Analysis, by Distribution Channel
8.1. Introduction
8.2. Key Findings
8.3. Global Diabetes Injection Pens Market Value Share Analysis, by Distribution Channel, 2014-2024
8.3.1. Hospital Pharmacy
8.3.2. Retail Pharmacy
8.3.3. Online Sales
8.3.4. Diabetes Clinics/Centers
8.4. Global Diabetes Injection Pens Market Attractiveness Analysis, by Distribution Channel, 2014–2024
8.5. Key Trends
9. Global Diabetes Injection Pens Market Analysis, by Region
9.1. Global Market Scenario by Country
9.2. Global Diabetes Injection Pens Market Value Share Analysis, by Region, 2016 and 2024
10. North America Diabetes Injection Pens Market Analysis
10.1. Key Findings
10.2. Market Overview
10.3. North America Diabetes Injection Pens Market Value Share Analysis, by Country
10.4. North America Diabetes Injection Pens Market Value Share Analysis, by Product Type
10.5. North America Diabetes Injection Pens Market Value Share Analysis, by Usage
10.6. North America Diabetes Injection Pens Market Value Share Analysis, by Distribution Channel
10.7. North America Diabetes Injection Pens Market Attractiveness Analysis
10.8. North America Diabetes Injection Pens Market Trends
11. Europe Diabetes Injection Pens Market Analysis
11.1. Key Findings
11.2. Market Overview
11.3. Europe Diabetes Injection Pens Market Value Share Analysis, by Country
11.4. Europe Diabetes Injection Pens Market Value Share Analysis, by Product Type
11.5. Europe Diabetes Injection Pens Market Value Share Analysis, by Usage
11.6. Europe Diabetes Injection Pens Market Value Share Analysis, by Distribution Channel
11.7. Europe Diabetes Injection Pens Market Attractiveness Analysis
11.8. Europe Diabetes Injection Pens Market Trends
12. Asia Diabetes Injection Pens Market Analysis
12.1. Key Findings
12.2. Market Overview
12.3. Asia Diabetes Injection Pens Market Value Share Analysis, by Country
12.4. Asia Diabetes Injection Pens Market Value Share Analysis, by Product Type
12.5. Asia Diabetes Injection Pens Market Value Share Analysis, by Usage
12.6. Asia Diabetes Injection Pens Market Value Share Analysis, by Distribution Channel
12.7. Asia Diabetes Injection Pens Market Attractiveness Analysis
12.8. Asia Diabetes Injection Pens Market Trends
13. Latin America Diabetes Injection Pens Market Analysis
13.1. Key Findings
13.2. Market Overview
13.3. Latin America Diabetes Injection Pens Market Value Share Analysis, by Country
13.4. Latin America Diabetes Injection Pens Market Value Share Analysis, by Product Type
13.5. Latin America Diabetes Injection Pens Market Value Share Analysis, by Usage
13.6. Latin America Diabetes Injection Pens Market Value Share Analysis, by Distribution Channel
13.7. Latin America Diabetes Injection Pens Market Attractiveness Analysis
13.8. Latin America Diabetes Injection Pens Market Trends
14. Rest of the World Diabetes Injection Pens Market Analysis
14.1. Key Findings
14.2. Market Overview
14.3. Rest of the World Diabetes Injection Pens Market Value Share Analysis, by Country
14.4. Rest of the World Diabetes Injection Pens Market Value Share Analysis, by Product Type
14.5. Rest of the World Diabetes Injection Pens Market Value Share Analysis, by Usage
14.6. Rest of the World Diabetes Injection Pens Market Value Share Analysis, by Distribution Channel
14.7. Rest of the World Diabetes Injection Pens Market Attractiveness Analysis
14.8. Rest of the World Diabetes Injection Pens Market Trends
15. Competition Landscape
15.1. Diabetes Injection Pens Market Share Analysis By Company, 2015
15.2. Competition Matrix
15.3. Company Profiles
15.3.1. Novo Nordisk A/S
15.3.1.1. Company Details
15.3.1.2. Business Overview
15.3.1.3. Financial Overview
15.3.1.4. Strategic Overview
15.3.1.5. SWOT Analysis
15.3.2. Eli Lilly and Company
15.3.2.1. Company Details
15.3.2.2. Business Overview
15.3.2.3. Financial Overview
15.3.2.4. Strategic Overview
15.3.2.5. SWOT Analysis
15.3.3. AstraZeneca plc
15.3.3.1. Company Details
15.3.3.2. Business Overview
15.3.3.3. Financial Overview
15.3.3.4. Strategic Overview
15.3.3.5. SWOT Analysis
15.3.4. Biocon Ltd.
15.3.4.1. Company Details
15.3.4.2. Business Overview
15.3.4.3. Financial Overview
15.3.4.4. Strategic Overview
15.3.4.5. SWOT Analysis
15.3.5. Sanofi S.A.
15.3.5.1. Company Details
15.3.5.2. Business Overview
15.3.5.3. Financial Overview
15.3.5.4. Strategic Overview
15.3.5.5. SWOT Analysis
15.3.6. Becton, Dickinson and Company
15.3.6.1. Company Details
15.3.6.2. Business Overview
15.3.6.3. Financial Overview
15.3.6.4. Strategic Overview
15.3.6.5. SWOT Analysis
15.3.7. Owen Mumford Ltd.
15.3.7.1. Company Details
15.3.7.2. Business Overview
15.3.7.3. Financial Overview
15.3.7.4. Strategic Overview
15.3.7.5. SWOT Analysis
15.3.8. Jiangsu Delfu Co., Ltd.
15.3.8.1. Company Details
15.3.8.2. Business Overview
15.3.8.3. Financial Overview
15.3.8.4. Strategic Overview
15.3.8.5. SWOT Analysis
15.3.9. Wockhardt Ltd.
15.3.9.1. Company Details
15.3.9.2. Business Overview
15.3.9.3. Financial Overview
15.3.9.4. Strategic Overview
15.3.9.5. SWOT Analysis
15.4. Other Prominent Companies in Diabetes Injection Pens Market
List of Tables
TABLE 1 Global Diabetes Injection Pens Average Selling Price/Product, 2015
TABLE 2 Global Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
TABLE 3 Global Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Usage, 2014–2024
TABLE 4 Global Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Distribution Channel, 2014–2024
TABLE 5 Global Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Region, 2014–2024
TABLE 6 North America Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Country, 2014–2024
TABLE 7 North America Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
TABLE 8 North America Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Usage, 2014–2024
TABLE 9 North America Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Distribution Channel, 2014–2024
TABLE 10 Europe Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Country, 2014–2024
TABLE 11 Europe Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
TABLE 12 Europe Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Usage, 2014–2024
TABLE 13 Europe Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Distribution Channel, 2014–2024
TABLE 14 Asia Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Country, 2014–2024
TABLE 15 Asia Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
TABLE 16 Asia Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Usage, 2014–2024
TABLE 17 Asia Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Distribution Channel, 2014–2024
TABLE 18 Latin America Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Country, 2014–2024
TABLE 19 Latin America Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
TABLE 20 Latin America Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Usage, 2014–2024
TABLE 21 Latin America Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Distribution Channel, 2014–2024
TABLE 22 Rest of the World Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Country, 2014–2024
TABLE 23 Rest of the World Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
TABLE 24 Rest of the World Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Usage, 2014–2024
TABLE 25 Rest of the World Diabetes Injection Pens Market Size (US$ Mn) Forecast, by Distribution Channel, 2014–2024
List of Figures
FIG. 1 Global Diabetes Injection Pens Market Size (US$ Mn) Forecast, 2014–2024
FIG. 2 Global Diabetes Injection Pens Market Value Share Analysis, by Product Type, 2016 and 2024
FIG. 3 Global Diabetes Injection Pens Market - Insulin Pens Revenue, (US$ Mn), 2014–2024
FIG. 4 Global Diabetes Injection Pens Market - Pen Needles Revenue (US$ Mn), 2014–2024
FIG. 5 Global Diabetes Injection Pens Market Attractiveness Analysis, by Product Type, 2014–2024
FIG. 6 Global Diabetes Injection Pens Market Value Share Analysis, by Usage, 2016 and 2024
FIG. 7 Global Diabetes Injection Pens Market - Reusable Pens Revenue, (US$ Mn), 2014–2024
FIG. 8 Global Diabetes Injection Pens Market - Disposable Pens Revenue, (US$ Mn), 2014–2024
FIG. 9 Global Diabetes Injection Pens Market Attractiveness Analysis, by Usage, 2014–2024
FIG. 10 Global Diabetes Injection Pens Market Value Share Analysis, by Distribution Channel, 2016 and 2024
FIG. 11 Global Diabetes Injection Pens Market - Hospital Pharmacy Revenue (US$ Mn), 2014–2024
FIG. 12 Global Diabetes Injection Pens Market - Retail Pharmacy Revenue (US$ Mn), 2014–2024
FIG. 13 Global Diabetes Injection Pens Market - Online Sales Revenue (US$ Mn), 2014–2024
FIG. 14 Global Diabetes Injection Pens Market - Diabetes Clinics/Centers Pharmacy Revenue (US$ Mn), 2014–2024
FIG. 15 Global Diabetes Injection Pens Market Attractiveness Analysis, by Distribution Channel, 2014–2024
FIG. 16 Global Diabetes Injection Pens Market Value Share Analysis, by Region, 2016 and 2024
FIG. 17 Global Diabetes Injection Pens Market Attractiveness Analysis, by Region, 2014–2024
FIG. 18 North America Diabetes Injection Pens Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2014–2024
FIG. 19 North America Diabetes Injection Pens Market Attractiveness Analysis, by Country, 2016–2024
FIG. 20 North America Diabetes Injection Pens Market Value Share Analysis, by Country, 2016 and 2024
FIG. 21 North America Diabetes Injection Pens Market Value Share Analysis, by Product Type, 2016 and 2024
FIG. 22 North America Diabetes Injection Pens Market Value Share Analysis, by Usage, 2016 and 2024
FIG. 23 North America Diabetes Injection Pens Market Value Share Analysis, by Distribution Channel, 2016 and 2024
FIG. 24 North America Diabetes Injection Pens Market Attractiveness Analysis, by Product type,
FIG. 25 North America Diabetes Injection Pens Market Attractiveness Analysis, by Usage, 2016–2024
FIG. 26 North America Diabetes Injection Pens Market Attractiveness Analysis, by Distribution Channel, 2016–2024
FIG. 27 Europe Diabetes Injection Pens Market Size (US$ Mn) Forecast, 2014–2024
FIG. 28 Europe Market Attractiveness Analysis, by Country, 2016–2024
FIG. 29 Europe Diabetes Injection Pens Market Value Share Analysis, by Country, 2016 and 2024
FIG. 30 Europe Diabetes Injection Pens Market Value Share Analysis, by Product Type, 2016 and 2024
FIG. 31 Europe Diabetes Injection Pens Market Value Share Analysis, by Usage, 2016 and 2024
FIG. 32 Europe Diabetes Injection Pens Market Value Share Analysis, by Distribution Channel, 2016 and 2024
FIG. 33 Europe Diabetes Injection Pens Market Attractiveness Analysis, by Product Type, 2016–2024
FIG. 34 Europe Diabetes Injection Pens Market Attractiveness Analysis, by Usage, 2016–2024
FIG. 35 Europe Diabetes Injection Pens Market Attractiveness Analysis, by Distribution Channel, 2016–2024
FIG. 36 Asia Diabetes Injection Pens Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2014–2024
FIG. 37 Asia Market Attractiveness Analysis, by Country,
FIG. 38 Asia Market Value Share Analysis, by Country,
FIG. 39 Asia Market Value Share Analysis, by Product Type, 2016 and 2024
FIG. 40 Asia Market Value Share Analysis, by Usage,
FIG. 41 Asia Market Value Share Analysis, by Distribution Channel, 2016 and 2024
FIG. 42 Asia Market Attractiveness Analysis, by Product, 2016–2024
FIG. 43 Asia Market Attractiveness Analysis, by Usage, 2016–2024
FIG. 44 Asia Market Attractiveness Analysis, by Distribution Channel, 2016–2024
FIG. 45 Latin America Diabetes Injection Pens Market Size (US$ Mn) Forecast, 2014–2024
FIG. 46 Latin America Market Attractiveness Analysis, by Country, 2016–2024
FIG. 47 Latin America Market Value Share Analysis, by Country, 2016 and 2024
FIG. 48 Latin America Diabetes Injection Pens Size Market Value Share Analysis, by Product Type, 2016 and 2024
FIG. 49 Latin America Diabetes Injection Pens Market Value Share Analysis, by Usage, 2016 and 2024
FIG. 50 Latin America Market Value Share Analysis, by Distribution Channel, 2016 and 2024
FIG. 51 Latin America Market Attractiveness Analysis, by Product Type, 2016–2024
FIG. 52 Latin America Market Attractiveness Analysis, by Usage, 2016–2024
FIG. 53 Latin America Market Attractiveness Analysis, by Distribution Channel, 2016–2024
FIG. 54 Rest of the World Diabetes Injection Pens Market Size (US$ Mn) Forecast, 2014–2024
FIG. 55 Rest of the World Market Attractiveness Analysis, by Country, 2016–2024
FIG. 56 Rest of the World Diabetes Injection Pens Market Value Share Analysis, by Country, 2016 and 2024
FIG. 57 Rest of the World Diabetes Injection Pens Market Value Share Analysis, by Product Type, 2016 and 2024
FIG. 58 Rest of the World Diabetes Injection Pens Market Value Share Analysis, by Usage, 2016 and 2024
FIG. 59 Rest of the World Diabetes Injection Pens Market Value Share Analysis, by Distribution Channel, 2016 and 2024
FIG. 60 Rest of the World Market Attractiveness Analysis, by Product, 2016–2024
FIG. 61 Rest of the World Market Attractiveness Analysis, by Usage, 2016–2024
FIG. 62 Rest of the World Market Attractiveness Analysis, by Distribution Channel, 2016–2024
FIG. 63 Global Diabetes Injection Pens Market Share Analysis, by Company 2015 (estimated)
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Diabetes Injection Pens Market
