Disposable Insulin Pen Market Analysis

The disposable insulin pen market is segmented by type of diabetes, by capacity, by needle type, by distribution channel, by application and by region, out of which, the type of diabetes segment is bifurcated into type I diabetes and type II diabetes. As per the data by International Diabetes Federation, it has been observed that the percentage of people with type II diabetes is growing at a high rate in most countries. Insulin is majorly used in cases of type II diabetes, which accounts for the estimated increase in growth of this segment. The distribution channel segment is further segmented into hospital pharmacies, retail pharmacies and online. Retail pharmacies hold the largest share in the market on account of easy availability of disposable insulin pens at the pharmacies and presence of retail pharmacies in almost every area. However, the online segment is anticipated to grow at the highest rate during the forecast period as a result of it being a highly convenient method of purchasing the device. On the basis of application, the market is segmented into hospitals, clinics and home care, out of which, the home care segment is anticipated to observe the highest growth rate as a result of increased usage of insulin pens for self-administration by patients at home. 

Our in-depth analysis of the global market includes the following segments: