close

Enter

Log in using OpenID

Disposable Insulin Pen Market Revenue Growth Predicted by 2026

embed
Insulin is a crucial compound for the management of diabetes, both type 1 and type 2; however, it is more commonly used for the management of type 2 diabetes. Insulin pen device is a fairly new innovation and was first introduced over 20 years ago.
Disposable Insulin Pen Market Size & Share to See
Modest Growth Through 2026
Disposable Insulin Pen Market – Global Industry Insights, Trends, Size, Share,
Outlook, and Opportunity Analysis, 2018-2026
Insulin is a crucial compound for the management of diabetes, both type 1 and type 2; however, it is
more commonly used for the management of type 2 diabetes. Insulin pen device is a fairly new
innovation and was first introduced over 20 years ago. It has evolved to offer significant advantages as
compared to the vial and syringe. The pens come in two forms - disposable and reusable. Disposable
insulin pens contain a prefilled cartridge. The entire pen is discarded when the cartridge is vacant. On
the other hand, reusable pens allow the patient to replace the cartridge when empty. Click To Read
More On Disposable Insulin Pen Market
Insulin pen devices are now being used by diabetic patients across the world; nonetheless, there are
geographical variations in the use of disposable and reusable pens. In some part of the world, the vial
and syringe is the most popular method till now, whereas in other parts the use of disposable or
reusable pens is more common. The variation in usage is due to many factors including
physician/patient preference and awareness, patient access to insulin, and cost. The use of insulin in
inpatient is very common, and the use of insulin pens offers substantial benefits in this type of patients,
both during the admission period and after discharge from the hospital. This widespread use of insulin
pens is likely to fuel the growth of the disposable insulin pen market.
Insulin pens typically deliver anywhere between .5 and 80 units of insulin at a time. The maximum
dose is dependent on the patient and it varies among pens. The insulin pen a patient use depends upon
the type of insulin he/she requires, the number of units needed per shot, and the availability of pens.
The needles that are used in these pens vary in shapes and sizes.
Increasing prevalence of diabetes and rising geriatric population will drive the overall disposable
insulin pen market
As per International Diabetic Federation (IDF) around 415 million people suffered from diabetes in
2015. This number is likely to increase to 642 million by 2040. According to American Diabetic
Association, about 29.1 million people in America had diabetes in 2012; that is a whopping 9.3% of the
population. Out of this population, 21.0 million were diagnosed. As the number of patients with
diabetes is poised to increase, the need for insulin is also set to rise, thereby fuelling the global
disposable insulin pen market during the forecast period.
Ask For Sample Copy Of This Report : https://www.coherentmarketinsights.com/insight/requestsample/497
Asia Pacific, especially in countries such as India and China, the demand for disposable insulin pens is
expected to gain significant traction. According to American Diabetic Association, around 60% of the
world’s diabetic population lives in Asia. The prevalence of diabetes in India and China is 8.6% and
9.6% respectively. India is known as the diabetes capital of the world with more than 60 million
diabetics in the country. As the number is on the rise, so is the need for disposable insulin pen. As more
and more patients are diagnosed with diabetes, more and more insulin pens will be needed. Since
disposable insulin pen is easier to use than the reusable variety, the global disposable insulin pen
market potential is fairly high and is likely to increase in the coming years.
Chemists are the most preferred channel for players in the disposable insulin pen market. Once a
patient is diagnosed with diabetes, the need for hospitalization decreases compared to insulin
administration by the patient. Most patients rely on diagnostic centers for getting their tests done and
are likely to obtain their insulin pens from the chemist once the test results are positive. Therefore, a
patient is likely to go the chemist for obtaining these pens, thereby fuelling the growth of disposable
insulin pen in the chemist shops.
Some of the companies operating in the disposable insulin pen market are Levemir, BD, Novo Nordisk,
and Sanofi-Aventis.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready
syndicated research reports, custom market analysis, consulting services, and competitive analysis
through various recommendations related to emerging market trends, technologies, and potential
absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1–206–701–6702
Email: [email protected]
Author
ravikiran
ravikiran262   documents Email
Document
Category
Health and Medicine
Views
4
File Size
359 KB
Tags
disposable, Disposable Insulin Pen
1/--pages
Report inappropriate content