LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global diabetic pens market and it is poised to grow by USD 3.41 billion during 2020-2024, progressing at a CAGR of 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. AstraZeneca Plc, Becton Dickinson and Co., Biocon Ltd., Companion Medical Inc., Digital Medics Pty. Ltd., Eli Lilly and Co., Emperra GmbH E-Health Technologies, Jiangsu Delfu medical device Co. Ltd., Novo Nordisk AS, and Sanofi are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increasing prevalence of diabetes has been instrumental in driving the growth of the market. However, the emergence of novel noninvasive approaches to deliver insulin might hamper the market growth.
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Diabetic Pens Market 2020-2024: Segmentation
Diabetic Pens Market is segmented as below:
■ Reusable Diabetic Pens
■ Disposable Diabetic Pens
■ Geographic Landscape
■ North America
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Diabetic Pens Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our diabetic pens market report covers the following areas:
■ Diabetic Pens Market Size
■ Diabetic Pens Market Trends
■ Diabetic Pens Market Industry Analysis
This study identifies the introduction of low-priced insulin injection pens as one of the prime reasons driving the diabetic pens market growth during the next few years.
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Diabetic Pens Market 2020-2024 : Key Highlights
■ CAGR of the market during the forecast period 2020-2024
■ Detailed information on factors that will assist diabetic pens market growth during the next five years
■ Estimation of the diabetic pens market size and its contribution to the parent market
■ Predictions on upcoming trends and changes in consumer behavior
■ The growth of the diabetic pens market
■ Analysis of the market’s competitive landscape and detailed information on vendors
■ Comprehensive details of factors that will challenge the growth of diabetic pens market vendors
Table of Contents:
■ Market Overview
■ Market ecosystem
■ Value chain analysis
■ Market definition
■ Market segment analysis
■ Market size 2019
■ Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
■ Five Forces Summary
■ Bargaining power of buyers
■ Bargaining power of suppliers
■ Threat of new entrants
■ Threat of substitutes
■ Threat of rivalry
■ Market condition
Market Segmentation by Product
■ Market segments
■ Comparison by Product placement
■ Reusable diabetic pens - Market size and forecast 2019-2024
■ Disposable diabetic pens - Market size and forecast 2019-2024
■ Market opportunity by Product
■ Geographic segmentation
■ Geographic comparison
■ North America - Market size and forecast 2019-2024
■ Europe - Market size and forecast 2019-2024
■ Asia - Market size and forecast 2019-2024
■ ROW - Market size and forecast 2019-2024
■ Key leading countries
■ Market opportunity by geography
Drivers, Challenges, and Trends
■ Market drivers
■ Volume driver - Demand led growth
■ Volume driver - Supply led growth
■ Volume driver - External factors
■ Volume driver - Demand shift in adjacent markets
■ Price driver - Inflation
■ Price driver - Shift from lower to higher priced units
■ Market challenges
■ Market trends
■ Vendor landscape
■ Landscape disruption
■ Vendors covered
■ Market positioning of vendors
■ AstraZeneca Plc
■ Becton Dickinson and Co.
■ Biocon Ltd.
■ Companion Medical Inc.
■ Digital Medics Pty. Ltd.
■ Eli Lilly and Co.
■ Emperra GmbH E-Health Technologies
■ Jiangsu Delfu medical device Co. Ltd.
■ Novo Nordisk AS
■ Scope of the report
■ Currency conversion rates for US$
■ Research methodology
■ List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.