INJECTION PEN MARKET ANALYSIS

Injection Pen MarketSize and Trends

Injection Pen Market Drivers

Improving the convenience and ease of administration of parenteral therapeutics has become a common strategy adopted by biotechnology and pharmaceutical industries and is expected to drive growth of injection pen market. Key players aim to introduce novel drug delivery system by targeting end-user flexibility such as fewer handling steps, higher volumes, thinner needles, high viscous formulations, and novel primary containers to accommodate changing injection pen market trends.

Furthermore, manufacturers of injection pens are focusing on device advancements or company pipeline to meet the requirements of next-generation molecules and anticipated end-user needs. For instance, Biocorp launched Datapen and Easylog, two internet connected devices in 2015. Additional features of Datapen and Easylog device includes dose setup setting, Oled display, audio as well as visual signals to guide patients, and real time transfer of treatment information to storage platform and mobile app. Furthermore, increasing pipeline product will lead to expansion of therapeutic options for medical practitioners as well as for patients, thereby propelling growth of injection pen market.