(PharmaNewsWire.Com, February 23, 2017 ) According to the report Pen Needles Market, published by market Data Forecast, the global market is projected to reach USD 2.82 billion by 2021, at a CAGR of 11.18% from 2016 to 2021.
Pen needles are pain free Needles coming recently in conjunction with Infusion pen. Unlike Past times, these needles arent long and sharp. Theses Pen needles are majorly used by Diabetes Patients for multiple insulin injections
Global pen needles market is expected to witness growth owing to presence of huge diabetic population, increasing health care expenditure, existence of favourable reimbursement policies, growing number of awareness programs on diabetes conditions, and advantages of pen needles over conventional syringes & vials. In addition, growing technological advancements and increasing demand for advanced insulin delivery devices are further driving the growth of global pen needles market.
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 On the basis of Geography: North America Pen Needles Market Asia-Pacific Pen Needles Market Europe Pen Needles Market Latin America Pen Needles Market Middle East and Africa Pen Needles Market
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 Pen Needles Market study offers the following deliverables: Global, 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
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