Worldwide — Insulin Pen Market Share & Forecast
In 2013, more than 50 Thousand insulin users opt for an insulin pen. Out of this major percentage of population uses Reusable (Cartridge) insulin pen compared to Prefilled (Disposable) insulin pen. Insulin Pen market for 2013 is in double digit Billion US$ and it is expected to grow by 13% from 2013 to 2018. With such incredible growth, the demand for insulin pen is increasing exceptionally across the globe. Across the globe, insulin pen devices are the most widely applied method of insulin delivery after vial and syringe method. Growth in insulin pen devices market is likely to be hinged at United States, China, India and Brazil in the coming years. Japan and European markets have reached maturation period for the pen devices market. Knowing these facts, the major players in the insulin pen devices market are strategically focusing on the Asian market, in order to cater the rapidly increasing demand of insulin pen devices.