According to the business intelligence report titled ‘United States Insulin Injection Pen Market - Growth, Trends and Forecasts (2021 - 2027)’, available with MarketStudyReport, United States insulin injection pen market is projected to amass USD 5.5 billion by 2027, expanding substantially between 2021-2027.
 

Changing lifestyles and increasing obesity are leading to a rise in the number of diabetics, thus driving United States insulin injection pen market expansion. Technological advancements and launch of new products by leading companies will aid revenue inflow as well.
 

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For the unversed, insulin injection pens are primarily used by diabetics to regulate insulin in the human body. It is a convenient and easy way as it eliminates the need to hold the syringe and vial thus enabling patients to administer insulin easily at schools, and workplaces.
 

Low cost of insulin injection pen, its ability to enhance quality of life of people and decrease the risk of hyperglycemia in people will also stimulate industry remuneration.
 

On the other hand, two types of insulin cannot be mixed in an insulin injection pen which raises the frequency of injections needed. Also, preference for other modes of drug delivery, and poor reimbursement scenario will act as challenges for businesses operating in this domain.
 

Based on product gamut, United States insulin injection pen market is split into reusable (cartridge), prefilled (disposable), and smart insulin injection pens. Market share held, growth rate, sales amassed, revenue garnered, and valuation of each of these segments is included in the research document.
 

Leading companies shaping the market dynamics are Novo Nordisk A/S, Sanofi S.A., Eli Lilly and Co., Companion Medical Inc., Owen Mumford Limited, Digital Medics Pty., Ltd., Diabnext, Diamesco Co., Ltd., and Emperra GmbH E-Health Technologies.
 

The report hosts a competitive landscape section which provides exhaustive information pertaining to listed companies, their profit margins, product catalogue with specifications, valuation, and growth rate. Strategic decisions undertaken such as mergers & acquisitions, partnerships etc., and crucial data about new entrants are also included to highlight the competitive scenario in the United States insulin injection pen industry.