During the forecast period, the disposable insulin pen market is predicted to rise due to rising diabetes (type 1 and type 2) prevalence and a growing elderly population around the world. According to the International Diabetic Federation, about 415 million individuals worldwide were diagnosed with diabetes in 2015, with that figure anticipated to rise to around 642 million by 2040. Furthermore, according to the American Diabetic Association, diabetes affected more than 29.1 million people (9.3% of the US population) in 2012. As the prevalence of diabetes rises, so does the demand for insulin or an insulin pen, propelling the disposable insulin pen market forward.
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