Diabetes is group of metabolic disorder, often known as diabetes mellitus, marks in high blood glucose levels. Body cells use glucose as a source of energy and insulin is significant for the cells to absorb this glucose. The type 2 diabetes is the most common type and affects over 90% of the global diabetic patients. Insulin pen is an equipment used to infuse insulin to a diabetic patient. Patients who are suffering from a type 1 diabetes select insulin pen over any other equipment for their treatments. The insulin pen provides the easier permeation of insulin in the body, offering precise dosages and the less discomfort compared to that of vials and syringes, and therefore is referred by patients and clinicians as well.
MARKET DYNAMICS
The diabetes pen market is driving due to the rise in geriatric population and increase in prevalence of diabetes worldwide. However, lack of awareness regarding diabetes pen hinders the market's growth. Moreover, rising awareness regarding diabetes care, growing prevalence of obesity are expected to provide opportunities in the global diabetes pen market.
MARKET SCOPE
The "Diabetes Pen Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of diabetes pen market with detailed market segmentation by product type, type, therapy, application, and end user. The diabetes pen market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in diabetes pen market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The diabetes pen market is segmented on the basis of product type, type, therapy, application, and end user. Based on product type, the market is segmented as insulin pens, insulin pen needles. Based on type, the market is segmented as disposable, reusable. Based on therapy, the market is segmented as insulin, glucagon-like peptide-1, growth hormones, fertility, osteoporosis, others. Based on application, the market is segmented as type 1 diabetes, type 2 diabetes, gestational diabetes, others. Based on end user, the market is segmented as hospitals, clinics, home care settings.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Diabetes pen market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The diabetes pen market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting diabetes pen market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Diabetes pen market in these regions.
MARKET PLAYERS
The report covers key developments in the diabetes pen market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Diabetes pen market are anticipated to have lucrative growth opportunities in the future with the rising demand for Diabetes pen in the global market. Below mentioned is the list of few companies engaged in the Diabetes pen market.
The report also includes the profiles of key players in diabetes pen market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AstraZeneca
- BD
- Eli Lilly and Company
- Biocon
- Sanofi
- Terumo Medical Corporation
- F. Hoffman La Roche AG
- Wockhardt Limited (India)
- Novo Nordisk
- YPSOMED
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