The Global “Insulin Pens Market”  to gain from rising prevalence of diabetes around the world. Fortune Business Insights recently announced a report, titled “Insulin Pens Market Size, Share and Global Trend By Product Type (Disposable, Reusable), By Application (Type 1 Diabetes, Type 2 Diabetes), By Distribution Channel (Online Pharmacies, Hospital Pharmacies, Retail Pharmacies, Diabetes Clinics), Geography Forecast till 2026.” The market is expected to witness high demand in North America owing to the increasing prevalence of diabetes in nations such as the U.S. and Canada. Additionally, rapid technological advancements in insulin pens in the region is likely to propel growth in the market.

Request a Sample Copy of the Research Report: 

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/insulin-pens-market-100252

Increasing Healthcare Expenditure to Drive Market

Increasing per capita income and increasing healthcare expenditure are some factors anticipated to drive the global market during the forecast period. Additionally, technological upgrades in the insulin pens is likely to propel adoption of pens.

For instance, Novo Nordisk A/S announced the launch of a bluetooth connected smart insulin pen in 2018. The smart pen is enabled to record the dose of insulin and timely logs. The amount of pain is comparatively less to normal insulin pens. On the contrary, high price of insulin pens and looming risk of administering wrong dose of insulin are some factors that may restrain the global insulin pens market.

Launch of Toujeo to Propel Growth 
The global market is witnessing entry of new players in the market. Key developers are focusing on technological upgrades in insulin pens to strengthen their brand presence. For instance, Sanofi received the Food and Drug Administration approval for its new insulin pen, named Toujeo Max SoloStar, in 2018. The pen offers long-lasting insulin action for special patients, in order to reduce the number of injections. This is anticipated to fuel the demand in the global market. Some of the key players operating in the global insulin pens market are B. Braun Melsungen AG, Eli Lilly and Company, Artsana S.p.A., BD, Novo Nordisk A/S, Sanofi, Owen Mumford Ltd., Ypsomed AG, TERUMO CORPORATION, and HTL-Strefa.

Leading Players operating in the Insulin Pens Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

  • Braun Melsungen AG,
  • Eli Lilly and Company,
  • Artsana S.p.A.,
  • BD,
  • Novo Nordisk A/S,
  • Sanofi,
  • Owen Mumford Ltd.,
  • Ypsomed AG,
  • TERUMO CORPORATION,
  • HTL-Strefa.

Market Segmentation:

By Product Type

  • Disposable
  • Reusable

By Application

  • Type 1 Diabetes
  • Type 2 Diabetes

By Distribution Channel

  • Online Pharmacies
  • Hospital Pharmacies
  • Retail Pharmacies
  • Diabetes Clinics
  • Others

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Have Any Query? Ask Our Experts:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/insulin-pens-market-100252

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email:[email protected]

Linkedin | Twitter | BLogs

 

Related Reports :

Immunomodulators Market

Immunomodulators Market Size

Immunomodulators Market Share

Immunomodulators Market Trends

Immunomodulators Market Growth

Latin America Eyewear Market Analysis

Latin America Eyewear Market Business Opportunities

Latin America Eyewear Market Key Players

Latin America Eyewear Market Demand

Latin America Eyewear Market Competitive Landscape

Leave a Reply

Your email address will not be published. Required fields are marked *