North America Injection Pen Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Disposable Injection Pens and Reusable Injection Pens), Therapy (Diabetes, Growth Hormone Therapy, Autoimmune Diseases, Fertility, Cancer, and Others Therapy), and End User (Hospitals and Clinics, Home Care, and Others)
The North America injection pen market is expected to grow from US$ 13,156.60 million in 2022 to US$ 20,075.51 million by 2028. It is estimated to register a CAGR of 7.3% from 2022 to 2028.
Increase in Strategic Developments in North America Injection Pen Market
The injection pen market is characterized by the presence of various market players. To increase their market share, market players take up various strategies such as product launches, regional expansion, and technological advancements. Injection pens are more involved in continuous innovation and technological advances, leading to increased acceptance among industry players. Leading players invest in R&D to develop advanced technologies and gain more revenue.
A few recent developments related to injection pen are mentioned below:
In May 2022, FDA approved Lilly's Mounjaro injection, the first and only glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide-1 (GLP-1) receptor agonist for the treatment of type 2 diabetes in adults. Mounjaro is available in six doses (2.5 mg, 5 mg, 7.5 mg, 10 mg, 12.5 mg, and 15 mg) and comes in Lilly's well-established auto-injector pen with a pre-attached, hidden needle.
In January 2022, SHL Medical’s partnered with Innovation Zed for connected pen injector solutions. It launched InsulCheck DOSE, a connected add-on device that transforms traditional pen injectors into smart solutions to support the monitoring of disease management regimen.
In May 2021, Lilly collaborated internationally with leading diabetes technology companies to integrate connected insulin pen solutions for people with diabetes. The company signed strategic international agreements with four companies—DexCom, Inc.; Glooko Inc.; myDiabby Healthcare; and Roche—to advance connected solutions and streamline care for people suffering from diabetes.
All the above-mentioned recent developments are driving the North America injection pen market.
North America Injection Pen Market Overview
The North America injection pen market is segmented into the US, Canada, and Mexico. The market growth in this region is attributed to the increasing incidence of diabetes and infertility and the rising product development in the market. According to the American Diabetes Association, the number of people with diabetes in the US population reached 37.3 million (11.3% of the population) in 2019. Nearly 1.9 million of the US population has type 1 diabetes, including ~244,000 children and adolescents. Further, ~1.4 million diabetes cases are diagnosed each year in the US. According to the Centers for Disease Control and Prevention, in 2020, ~88 million adults had prediabetes, which is 34.5% of the US adult population. According to Yale researchers, in 2022, ~30 million of the US population had diabetes, and about 7 million required daily insulin.
There is an increase in demand for infertility treatment in the US. For instance, according to the CDC, in 2019, in the US, 9% of men and 10% of women aged 15 to 44 reported infertility problems.
North America Injection Pen Market Revenue and Forecast to 2028 (US$ Million)
North America Injection Pen Market Segmentation
The North America injection pen market is segmented on the basis of type, therapy, end user, and country. Based on type, the injection pen market is segmented into disposable injection pens and reusable injection pens. The disposable injection pens segment registered a larger market share in 2022.
Based on therapy, the North America injection pen market is segmented into diabetes therapy, growth hormone therapy, autoimmune diseases therapy, fertility therapy, cancer therapy, and others. The diabetes therapy segment registered the largest market share in 2022.
Based on end user, the North America injection pen market is segmented into hospitals & clinics, home care, and others. The home care segment registered the largest market share in 2022.
Based on country, the North America injection pen market is segmented into the US, Canada, and Mexico. The US dominated the market in 2022.
AstraZeneca Plc, Becton Dickinson and Co, Eli Lilly and Co, Gerresheimer AG, Haselmeier GmbH, Merck KGaA, Novo Nordisk AS, Owen Mumford Ltd, Sanofi SA, and Teva Pharmaceutical Industries Ltd are among the leading companies operating in the North America injection pen market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Injection Pen Market – by Type
1.3.2 North America Injection Pen Market – by Therapy
1.3.3 North America Injection Pen Market – by End User
1.3.4 North America Injection Pen Market – by Country
2. North America Injection Pen Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Injection Pen Market – Market Landscape
4.1 Overview
4.2 North America PEST Analysis
4.3 Expert’s Opinion
5. North America Injection Pen Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Prevalence of Chronic Disorders
5.1.2 Increase in Strategic Developments
5.2 Market Restraints
5.2.1 Presence of Alternative Drug Delivery Devices and Inadequate Reimbursement Scenario
5.3 Market Opportunities
5.3.1 Increase in Biologics Patent Expiry and Use of Biosimilars
5.4 Future Trends
5.4.1 Technological Advancements and Healthcare Waste Reduction
5.5 Impact Analysis
6. Injection Pen Market – North America Analysis
6.1 North America Injection Pen Market Revenue Forecast and Analysis
7. North America Injection Pen Market – Revenue and Forecast to 2028 – by Type
7.1 Overview
7.2 North America Injection Pen Market Revenue Share, by Type 2021 & 2028 (%)
7.3 Disposable Injection Pens
7.3.1 Overview
7.3.2 Disposable Injection Pens: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Reusable Injection Pens
7.4.1 Overview
7.4.2 Reusable Injection Pens: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Injection Pen Market Analysis and Forecast to 2028 – by Therapy
8.1 Overview
8.2 North America Injection Pen Market, by Therapy 2021 & 2028 (%)
8.3 Diabetes Therapy
8.3.1 Overview
8.3.2 Diabetes Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Growth Hormone Therapy
8.4.1 Overview
8.4.2 Growth Hormone Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Autoimmune Diseases Therapy
8.5.1 Overview
8.5.2 Autoimmune Diseases Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Fertility Therapy
8.6.1 Overview
8.6.2 Fertility Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Cancer Therapy
8.7.1 Overview
8.7.2 Cancer Therapy: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Other Therapies
8.8.1 Overview
8.8.2 Other Therapies: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Injection Pen Market – Revenue and Forecast to 2028 – by End User
9.1 Overview
9.2 North America Injection Pen Market Revenue Share, by End User 2021 & 2028 (%)
9.3 Home Care
9.3.1 Overview
9.3.2 Home Care: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Hospitals & Clinics
9.4.1 Overview
9.4.2 Hospitals & Clinics: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Injection Pen Market – Revenue and Forecast to 2028 – Country Analysis
10.1 Overview
10.1.1 North America: Injection Pen Market, by Country, 2021 & 2028 (%)
10.1.1.1 US: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Overview
10.1.1.1.2 US: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.3 US: Injection Pen Market, by Type, 2019–2028 (US$ Million)
10.1.1.1.4 US: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)
10.1.1.1.5 US: Injection Pen Market, by End User, 2019–2028 (US$ Million)
10.1.1.2 Canada: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Overview
10.1.1.2.2 Canada: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.3 Canada: Injection Pen Market, by Type, 2019–2028 (US$ Million)
10.1.1.2.4 Canada: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)
10.1.1.2.5 Canada: Injection Pen Market, by End User, 2019–2028 (US$ Million)
10.1.1.3 Mexico: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Overview
10.1.1.3.2 Mexico: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.3 Mexico: Injection Pen Market, by Type, 2019–2028 (US$ Million)
10.1.1.3.4 Mexico: Injection Pen Market, by Therapy, 2019–2028 (US$ Million)
10.1.1.3.5 Mexico: Injection Pen Market, by End User, 2019–2028 (US$ Million)
11. North America Injection Pen Market – Industry Landscape
11.1 Overview
11.2 Inorganic Growth Strategies
11.2.1 Overview
11.3 Organic Growth Strategies
11.3.1 Overview
12. Company Profiles
12.1 Eli Lilly and Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Novo Nordisk AS
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Owen Mumford Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sanofi SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Merck KGaA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Haselmeier GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Gerresheimer AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Becton Dickinson and Co
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 AstraZeneca Plc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Teva Pharmaceutical Industries Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. US Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Injection Pen Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Injection Pen Market, by Therapy – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Injection Pen Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Recent Inorganic Growth Strategies in the Injection Pen Market
Table 12. Recent Organic Growth Strategies in the Injection Pen Market
Table 13. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Injection Pen Market Segmentation
Figure 2. North America Injection Pen Market, by Country
Figure 3. North America Injection Pen Market Overview
Figure 4. North America Injection Pen Market, by Type
Figure 5. North America Injection Pen Market, by Country
Figure 6. North America: PEST Analysis
Figure 7. Experts’ Opinion
Figure 8. North America Injection Pen Market: Impact Analysis of Drivers and Restraints
Figure 9. North America Injection Pen Market – Revenue Forecast and Analysis – 2020–2028
Figure 10. North America Injection Pen Market Revenue Share, by Type 2021 & 2028 (%)
Figure 11. Disposable Injection Pens: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Reusable Injection Pens: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Injection Pen Market, by Therapy 2021 & 2028 (%)
Figure 14. Diabetes Therapy: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Growth Hormone Therapy: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Autoimmune Diseases Therapy: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Fertility Therapy: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Cancer Therapy: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Other Therapies: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Injection Pen Market Revenue Share, by End User 2021 & 2028 (%)
Figure 21. Home Care: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Hospitals & Clinics: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: North America Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Injection Pen Market, by Key Country – Revenue (2022) (US$ Million)
Figure 25. US: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Canada: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Mexico: Injection Pen Market – Revenue and Forecast to 2028 (US$ Million)
- AstraZeneca Plc
- Becton Dickinson and Co
- Eli Lilly and Co
- Gerresheimer AG
- Haselmeier GmbH
- Merck KGaA
- Novo Nordisk AS
- Owen Mumford Ltd
- Sanofi SA
- Teva Pharmaceutical Industries Ltd
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