Global Insulin Pen Market will be US$ 35 Billion by 2025

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Global Insulin Pen Market
Global Insulin Pen Market
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Global Insulin Pen Market
An insulin pen is used by diabetic patients to
inject insulin in a much more comfortable and
convenient way as compared to the syringe. The
major growth drivers of insulin pen are
increasing diabetic population around the world,
along with an increase in awareness and growing
healthcare expenditure to control diseases like
diabetes. Many people are using insulin pen as
they are easier to carry and use. It does not
require to have a bottle to draw insulin, easy
adjustment of dose, less wastage of expired
insulin, it doesn't require refrigeration to
store as compared to other insulin delivery
methods. According to Renub Research report,
the Global Insulin Pen Market will increase year
on year and reach US 35 Billion by the end of
the year 2025.
Global Insulin Pen Market
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Global Insulin Pen Market
There are three types of insulin pens available
Disposable, Reusable and Smart Insulin Pen. A
disposable pen is prefilled with insulin it is
used only once after using the entire pen is
disposed. A reusable insulin pen has an insulin
cartridge which can be replaced, and it is also
known as a durable insulin pen. The third type of
insulin pen is smart with the use of advanced
technologies such as Bluetooth or IoT it can
record the time and date of insulin at which dose
was delivered, nowadays these smart insulin pens
are also called as "Connected Insulin Pen"
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Global Insulin Pen Market
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Global Insulin Pen Market
The Impact of COVID-19 on Insulin Pen
Market Healthcare industry is facing significant
challenges due to the outbreak of Coronavirus.
Most of the countries were in total lockdown in
the first half of the year 2020. Major healthcare
companies are focusing on the vaccine of this
deadly virus, and investment for the treatment of
other diseases has been stopped. The market for
the year 2020 is forecasted to decline as people
are avoiding visiting any healthcare centre and
purchasing medical supplies other than medicine
and medical devices related to COVID-19.
According to Renub Research analysis, the market
will grow from the year 2021 to its natural pace
as it was in previous years.
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Global Insulin Pen Market
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Global Insulin Pen Market
Market Summary By Diabetes Population  This
research report has covered the population of
Type 1 Diabetes and Type 2 Diabetes for (United
States, Germany, Sweden, United Kingdom,
Australia, India, China, Brazil, Saudi Arabia,
Netherlands, and Switzerland) By Types  The
market of Disposable, Reusable, Smart is analyzed
in this research report. According to Renub
Research analysis, Disposable insulin pen has the
most significant market share. By Company  This
research report provides Overview, Recent
Developments and Sales Analysis of B.Braun
Melsungen AG, Eli Lilly and Company, Artsana
S.p.A., BD (Becton Dickinson), Novo Nordisk A/S,
Mumford Ltd.
Global Insulin Pen Market
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Global Insulin Pen Market
Global Insulin Pen Market
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Global Insulin Pen Market