(PharmaNewsWire.Com, February 23, 2017 ) According to the report Europe Pen Needles Market, published by market Data Forecast, the market is projected to reach USD 0.87 billion by 2021, at a CAGR of 10.00% from 2016 to 2021.
Pen needles are utilized to convey the drug, (for example, insulin or other injectable prescriptions) in blend with infusion pens. A pen needle includes empty needle connected to infusion pen. Pen needles are accessible with shifted needle lengths and are significantly used by diabetes patients.
Growing rate of diabetic patients, existence of favourable regulatory policies to reduce needle stick injuries, increasing government focus on the utilization of safety devices, growing funding resources for diabetes care & research in the U.K., and presence of favourable reimbursement policies in Germany are driving the growth of pen needles market in Europe. In addition, increasing number of aging population & availability of high insurance in France, growing number of diabetes awareness programs in Italy, and existence of regulations that mandate the utilization of safety pen needles & presence of huge diabetic population in Spain are further driving the growth of the market in Europe.
Market Segmentation: On the basis of Therapy Insulin Therapy GLP-1 Therapy Growth Hormone Therapy On the basis of Type Standard Needles Safety Needles On the basis of Needle Length 4mm 6mm 8mm 10mm 12mm
On the basis of Mode of Purchase Retail Non-retail
Becton, Dickinson and Company, Novo Nordisk A/S, and Ypsomed Holding AG are the major players accounting for major share of the pen needles market in 2016. Other players include UltiMed, Inc., Allison Medical, Inc., Owen Mumford, Ltd., B. Braun Melsungen, Artsana S.p.a., HTL-STREFA S.A. ,and Terumo Corporation among others.
The Europe Pen Needles market study offers the following deliverables: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Medical Devices Segment:
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
