Diabetes Injection Pens Market Research Report and Forecast Diabetes Injection Pens Market - Global Industry A | Page 2

On the basis of usage, diabetes injection pens are of two types: reusable and
disposable. Both the segments account for an almost equal share in the global
market, with reusable pens enjoying a slightly larger share. It has been noted that
disposable pens are preferred in developing economies such as China and India,
while patients in developed countries such as the U.K., Japan, and Germany prefer
reusable injection pens.
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Despite Major Share in Diabetes Injection Pens Market, Europe to Witness
Slow Growth
From a geographical point of view, the global market for diabetes injection pens
comprises Europe, North America, Latin America, Asia, and the Rest of the World. In
2015, North America and Europe accounted for the dominant share in the overall
diabetes injection pens market, followed by Asia and Latin America.
The U.S. takes the lead in the diabetes injection pens market in North America,
accounting for a massive 94.0% share in 2015. This can be attributed to an
extensive diabetic population in the country, various technological advancements,
surging research and development practices and growing healthcare awareness
about the treatment and management of glucose levels.
Although Europe accounts for a significant share in the diabetes injection pens
market, it is a saturated industry and is likely to expand at a slow rate. On the other
hand, Asia is projected to exhibit strong growth during the forecast period, with
major contribution from countries such as India, Japan, and China. New product
launches, favorable regulations, the ability of patients to pay for advanced medical
products and devices, and growing awareness levels are likely to drive the market
for diabetes injection pens in Asia.
Sanofi S.A., Becton, Dickinson and Company, Owen Mumford Ltd., Novo Nordisk A/S,
Biocon Ltd., Wockhardt Ltd., Eli Lilly and Company, AstraZeneca plc, and Jiangsu
Delfu Co. are the leading players in the global diabetes injection pens market. The
market is known to be highly consolidated, with just a handful of companies
dominating the vendor landscape.
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