Insulin Pens Market Size (2024 - 2029)

Insulin Pens Market Analysis

The Insulin Pens Market size is estimated at USD 33.31 billion in 2024, and is expected to reach USD 39.36 billion by 2029, growing at a CAGR of 3.40% during the forecast period (2024-2029).

Diabetes was one of the key comorbidities that were strongly linked to the risk of mortality and unfavorable clinical outcomes in people with COVID-19. People with diabetes were more vulnerable to COVID-19 infection than people without diabetes, and this vulnerability was greater in COVID-19 patients with a severe clinical course, according to numerous epidemiological studies. When diabetic patients or healthcare professionals were required to minimize contact and remain confined during the epidemic, telehealth provided an alternative form of support in averting acute complications and controlling extreme hyperglycemia. It was also recommended that diabetics not infected with the SARS-CoV-2 maintain optimum glycemic control to prevent COVID-19.

Diabetes is generally considered a lifestyle disease. Over time, incidences of the disease have increased with the population worldwide. A disposable insulin pen is a prefilled pen that should be thrown away after a single use. Reusable pens permit the insertion of a pen fill (cartridge), thus allowing repeated usage. The needles on a reusable pen should be replaced periodically. Insulin Pens (disposable and reusable) are the most widely used devices for administering insulin among diabetic patients, mostly in developed countries. The ease of use and accuracy in administration make insulin pen usage high among insulin users. Insulin has been used in treating diabetes for over 90 years globally. Even then, half of those who need insulin today still cannot afford and access it. People with Type 1 diabetes need insulin therapy, and the treatment focuses on managing blood sugar levels with insulin, diet, and lifestyle to prevent complications.

Insulin Pens Industry Segmentation

A needle-equipped injecting tool called an insulin pen injects insulin into the subcutaneous tissue (the tissue between the skin and muscle). The Insulin Pens Market is set to witness a CAGR of more than 3% during the forecast period. 

The insulin Pens Market is segmented by product (Disposable Insulin pens and Cartridges in Reusable Pens) and by geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The report offers the value (in USD million) and volume (in Units million) for the above segments.