Rise in the frequency of diabetes cases to fuel the growth of North America Pen Needles Market
North America pen needles market is anticipated to attain USD 0.78 billion in 2021 from USD 0.47 billion in 2016, developing at a CAGR of 10.60% for the subsequent five years 2016-2022
(EMAILWIRE.COM, March 15, 2018 ) Pen needles are used alongside injection pens to supply injectable medicinal drugs into the body. A pen needle consists of an entire needle this is embedded in a plastic hub and attaches to injection pens. They may be typically utilized by people with diabetes who frequently require more than one insulin injection daily. Pen needles, in an assessment of standard syringes and vials, provide reachable, less complicated and correct dosage formulations.
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North America pen needles market is anticipated to attain USD 0.78 billion in 2021 from USD 0.47 billion in 2016, developing at a CAGR of 10.60% for the subsequent five years 2016-2021. The vital factors behind the projected growth are the increasing prevalence of several chronic diseases and also the rising proportion of the aging population in the regional population.
Report Link: https://www.marketdataforecast.com/market-reports/north-america-pen-needles-market-178/
Insulin pens coupled with needles are considered as an improved alternative drug shipping method with regards to syringes and vials. Traditional syringes are large and create trouble in self-administration. However, pen needles have an ideal pointed tip, which permits easy penetration into the patient’s muscle. These needles additionally facilitate safety bearing on insulin shipping among diabetic patients.
The rise in the incidence of diabetes has pushed a large number of people to take insulin, which can be self-administered using an insulin pen. Growing interest among most people (credited to the several healthcare meetings and seminars, and authorities), together with favorable compensation rules, are a range of factors elevating the market growth.
Customized Report: https://www.marketdataforecast.com/market-reports/north-america-pen-needles-market-178/customize-report
On the premise of geographical region, North America pen needles market is segmented into U.S. and Canada. U.S is anticipated to account for larger share of the North America pen needles market in 2016, whereas Canada is anticipated to grow at a higher CAGR for the duration of the forecast period 2016-2021. The large percentage of the Pen Needles Market in North America may be attributed to the rising the demand for advanced insulin delivery devices.
Some of the major companies dominating this market include Becton, Dickinson and Company (U.S.), Novo Nordisk A/S, Ypsomed Holding AG, UltiMed, Inc., Allison Medical Inc., Owen Mumford Ltd., B. Braun Melsungen, Artsana S.p.a., HTL-STREFA S.A. and Terumo Corporation.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Sample Request: https://www.marketdataforecast.com/market-reports/north-america-pen-needles-market-178/request-sample
North America pen needles market is anticipated to attain USD 0.78 billion in 2021 from USD 0.47 billion in 2016, developing at a CAGR of 10.60% for the subsequent five years 2016-2021. The vital factors behind the projected growth are the increasing prevalence of several chronic diseases and also the rising proportion of the aging population in the regional population.
Report Link: https://www.marketdataforecast.com/market-reports/north-america-pen-needles-market-178/
Insulin pens coupled with needles are considered as an improved alternative drug shipping method with regards to syringes and vials. Traditional syringes are large and create trouble in self-administration. However, pen needles have an ideal pointed tip, which permits easy penetration into the patient’s muscle. These needles additionally facilitate safety bearing on insulin shipping among diabetic patients.
The rise in the incidence of diabetes has pushed a large number of people to take insulin, which can be self-administered using an insulin pen. Growing interest among most people (credited to the several healthcare meetings and seminars, and authorities), together with favorable compensation rules, are a range of factors elevating the market growth.
Customized Report: https://www.marketdataforecast.com/market-reports/north-america-pen-needles-market-178/customize-report
On the premise of geographical region, North America pen needles market is segmented into U.S. and Canada. U.S is anticipated to account for larger share of the North America pen needles market in 2016, whereas Canada is anticipated to grow at a higher CAGR for the duration of the forecast period 2016-2021. The large percentage of the Pen Needles Market in North America may be attributed to the rising the demand for advanced insulin delivery devices.
Some of the major companies dominating this market include Becton, Dickinson and Company (U.S.), Novo Nordisk A/S, Ypsomed Holding AG, UltiMed, Inc., Allison Medical Inc., Owen Mumford Ltd., B. Braun Melsungen, Artsana S.p.a., HTL-STREFA S.A. and Terumo Corporation.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast
Abhishek shukla
Tel: 9985550206
Email us
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Market Data Forecast
Abhishek shukla
Tel: 9985550206
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results