$ 3.65 Growth expected in Global Diabetic Pens Market 2021-2025 | Featuring Major Vendors Including AstraZeneca Plc, Becton, Dickinson and Co. and Biocon Ltd. | Technavio

NEW YORK, June 10, 2021 /PRNewswire/ --

The diabetic pens market is expected to grow by USD 3.65 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the diabetic pens market in optimistic, probable, and pessimistic forecast scenarios.

Enterprises will go through the Response, Recovery, and Renew phases.
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The diabetic pens market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

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Major Three Diabetic Pens Market Participants:

AstraZeneca Plc: The company offers diabetic pens such as BYDUREON Pen. It is a non-insulin pen used to treat type 2 diabetes.

Becton, Dickinson and Co.: The company offers diabetic pens such as BD Vystra. It is a disposable pen used by diabetic patients.

Biocon Ltd.

The company offers diabetic pens such as INSUPen. INSUPen is a reusable insulin pen that can deliver insulin doses from 1 unit (0.01mL) to 60 units (0.60 mL) in increments of 1 unit.

Get specific analysis on the criticality of inputs and factors of differentiation in diabetic pens market vendor landscape.
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Diabetic Pens Market 2021-2025: Segmentation

Diabetic pens market is segmented as below:

• Product
• Reusable Diabetic Pens
• Disposable Diabetic Pens
• Geography
• North America
• Europe
• Asia
• ROW

The diabetic pens market is driven by the increasing prevalence of diabetes. In addition, the increasing demand for diabetic injection pens is expected to trigger the diabetic pens market toward witnessing a CAGR of over 8% during the forecast period.

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

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Report: www.technavio.com/report/diabetic-pens-market-industry-analysis

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SOURCE Technavio