Middle East and Africa Pen Needles Market growing at a CAGR of 10.77% by 2021
The Middle East and Africa Pen Needles Market by Therapy, Type and Mode of Purchase Market Analysis, Size, Geographic Countries Analysis, Competitive Strategies Analysis And Forecasts (2016 to 2021)
(EMAILWIRE.COM, August 04, 2017 ) According to the report Middle East and Africa Pen Needles Market, published by Market Data Forecast, the Middle East and Africa market is projected to reach USD 0.35 billion by 2021, at a CAGR of 10.77% from 2016 to 2021.
Pen needles are used to deliver the medication (such as insulin or other injectable medications) in combination with injection pens. A pen needle comprises of hollow needle attached to injection pen. Pen needles are available with varied needle lengths and are majorly utilized by diabetes patients. Pen needles are distinguished by their needle lengths.
According to the International Diabetes Federation (IDF), nearly 415 million people were suffering from diabetes in 2015. Such a high prevalence of diabetes across the globe has led to rising demand for pen needles. Patients suffering from diabetes commonly use injectable pen devices, which helps in easy drug delivery.
In addition, obesity is a significant cause of diabetes. Obese people often suffer from type 2 diabetes, which makes them one of the highest revenue contributors of the target market. Thus, people with type 2 diabetes are the common target population for companies manufacturing pen needles.
Get a comprehensive overview of the Middle East and Africa Pen Needles Market: http://www.marketdataforecast.com/market-reports/middle-east-and-africa-pen-needles-market-182/
Middle East and Africa Pen Needles Market: Drivers & Restraints
Growing annual health care expenditure, increasing public & private organizations involvement towards the diabetes awareness programs, and rising demand for advanced insulin delivery devices are driving the growth of Middle East & Africa pen needles market. However, limited accessibility of pen needles and lack of health care infrastructure & outdated facilities are restraining the growth of Middle East & Africa pen needles market.
Get accurate market forecast and analysis on the Middle East and Africa Pen Needles Market. Request a sample to stay up-to-date on the main trends affecting this market http://www.marketdataforecast.com/market-reports/middle-east-and-africa-pen-needles-market-182/request-sample
Middle East and Africa Pen Needles Market: Segmentation
By Therapy
Introduction
Insulin Therapy
GLP-1 Therapy
Growth Hormone Therapy
By Type
Introduction
Standard Needle
Safety Needle
By Needle Length
Introduction
4mm
6mm
8mm
10mm
12mm
By Mode of Purchase
Introduction
Retail
Non-Retail
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/middle-east-and-africa-pen-needles-market-182/customize-report
Middle East and Africa Pen Needles Market: Overview
Based on therapy, insulin therapy is estimated to command the largest share of the Middle East & Africa pen needles market in 2016 and expected to grow at the highest CAGR during the forecast period 2016-2021. Based on type, standard pen needle segment is estimated to account for larger share of Middle East & Africa pen needles market in 2016, whereas safety pen needles segments is estimated to grow at a higher CAGR for the next five years (2016-2021).
Among the length of pen needles, 8mm is estimated to command for the largest share of the Middle East & Africa pen needles market in 2016 and 4mm is expected to grow at the highest CAGR during the forecast period. Based on the mode of purchase retail purchase mode is estimated to account for larger share of the Middle East & Africa pen needles market in 2016 and expected to grow at a higher CAGR for the next five years (2016-2021).
Middle East and Africa Pen Needles Market: Region-wise Outlook
On the basis of geographical areas, Middle East & Africa pen needles market is segmented as Middle East, South Africa, and rest of Middle East & Africa. The Middle East and Africa market is also analyzed individually in both the regions, thereby providing a more detailed geographical understanding of the market. Some of the major countries that hold significant place in this market include Egypt, KSA, UAE, Nigeria and Algeria.
Key Questions Answered
What will be the market growth till 2021 and what will be the resultant market forecast in the year?
What was the market size from 2016 to 2021?
What is the current and future Pen Needles Market outlook in Middle East and Africa?
What trends are affecting the Middle East and Africa market?
What is the competitive landscape and market share of major players in the Pen Needles space in Middle East and Africa?
What are the key, high growth markets that Pen Needles manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Pen Needles currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Pen Needles?
What are the challenges and barriers that have hindered widespread adoption of Pen Needles?
Middle East and Africa Pen Needles Market: Key Players
Becton, Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), and Ypsomed Holding AG (Switzerland) are the major players accounting for major share of the Middle East & Africa pen needles market in 2016. Other players include UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), Owen Mumford, Ltd. (U.K.), B. Braun Melsungen (Germany), Artsana S.p.a. (Italy), HTL-STREFA S.A. (Poland), and Terumo Corporation (Japan), among others.
Reasons to buy Middle East and Africa Pen Needles Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y 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 macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), 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
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast:
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, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com
Pen needles are used to deliver the medication (such as insulin or other injectable medications) in combination with injection pens. A pen needle comprises of hollow needle attached to injection pen. Pen needles are available with varied needle lengths and are majorly utilized by diabetes patients. Pen needles are distinguished by their needle lengths.
According to the International Diabetes Federation (IDF), nearly 415 million people were suffering from diabetes in 2015. Such a high prevalence of diabetes across the globe has led to rising demand for pen needles. Patients suffering from diabetes commonly use injectable pen devices, which helps in easy drug delivery.
In addition, obesity is a significant cause of diabetes. Obese people often suffer from type 2 diabetes, which makes them one of the highest revenue contributors of the target market. Thus, people with type 2 diabetes are the common target population for companies manufacturing pen needles.
Get a comprehensive overview of the Middle East and Africa Pen Needles Market: http://www.marketdataforecast.com/market-reports/middle-east-and-africa-pen-needles-market-182/
Middle East and Africa Pen Needles Market: Drivers & Restraints
Growing annual health care expenditure, increasing public & private organizations involvement towards the diabetes awareness programs, and rising demand for advanced insulin delivery devices are driving the growth of Middle East & Africa pen needles market. However, limited accessibility of pen needles and lack of health care infrastructure & outdated facilities are restraining the growth of Middle East & Africa pen needles market.
Get accurate market forecast and analysis on the Middle East and Africa Pen Needles Market. Request a sample to stay up-to-date on the main trends affecting this market http://www.marketdataforecast.com/market-reports/middle-east-and-africa-pen-needles-market-182/request-sample
Middle East and Africa Pen Needles Market: Segmentation
By Therapy
Introduction
Insulin Therapy
GLP-1 Therapy
Growth Hormone Therapy
By Type
Introduction
Standard Needle
Safety Needle
By Needle Length
Introduction
4mm
6mm
8mm
10mm
12mm
By Mode of Purchase
Introduction
Retail
Non-Retail
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/middle-east-and-africa-pen-needles-market-182/customize-report
Middle East and Africa Pen Needles Market: Overview
Based on therapy, insulin therapy is estimated to command the largest share of the Middle East & Africa pen needles market in 2016 and expected to grow at the highest CAGR during the forecast period 2016-2021. Based on type, standard pen needle segment is estimated to account for larger share of Middle East & Africa pen needles market in 2016, whereas safety pen needles segments is estimated to grow at a higher CAGR for the next five years (2016-2021).
Among the length of pen needles, 8mm is estimated to command for the largest share of the Middle East & Africa pen needles market in 2016 and 4mm is expected to grow at the highest CAGR during the forecast period. Based on the mode of purchase retail purchase mode is estimated to account for larger share of the Middle East & Africa pen needles market in 2016 and expected to grow at a higher CAGR for the next five years (2016-2021).
Middle East and Africa Pen Needles Market: Region-wise Outlook
On the basis of geographical areas, Middle East & Africa pen needles market is segmented as Middle East, South Africa, and rest of Middle East & Africa. The Middle East and Africa market is also analyzed individually in both the regions, thereby providing a more detailed geographical understanding of the market. Some of the major countries that hold significant place in this market include Egypt, KSA, UAE, Nigeria and Algeria.
Key Questions Answered
What will be the market growth till 2021 and what will be the resultant market forecast in the year?
What was the market size from 2016 to 2021?
What is the current and future Pen Needles Market outlook in Middle East and Africa?
What trends are affecting the Middle East and Africa market?
What is the competitive landscape and market share of major players in the Pen Needles space in Middle East and Africa?
What are the key, high growth markets that Pen Needles manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Pen Needles currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Pen Needles?
What are the challenges and barriers that have hindered widespread adoption of Pen Needles?
Middle East and Africa Pen Needles Market: Key Players
Becton, Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), and Ypsomed Holding AG (Switzerland) are the major players accounting for major share of the Middle East & Africa pen needles market in 2016. Other players include UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), Owen Mumford, Ltd. (U.K.), B. Braun Melsungen (Germany), Artsana S.p.a. (Italy), HTL-STREFA S.A. (Poland), and Terumo Corporation (Japan), among others.
Reasons to buy Middle East and Africa Pen Needles Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y 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 macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), 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
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast:
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, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results