(PharmaNewsWire.Com, February 23, 2017 ) According to the report North America Pen Needles Market, published by market Data Forecast, the market is projected to reach USD 0.78 billion by 2021, at a CAGR of 10.60% from 2016 to 2021.
Needles used to be long and sharp, yet because of advancements in innovation, pen needles are presently little, thin and regularly torment free. Insulin pen needles and disposable syringes are coming in a variety of lengths and diameters to suit all body types.
Presence of favourable reimbursement policies, existence of major market players, rising number of early onset diabetic patient populations, increasing health care expenditure are driving the growth of North America 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
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 North America 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
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