Pen Needles Market Worth USD 3.38 billion by 2023
Global Pen Needles market is expected to reach USD 3.38 billion by 2023 from USD 2.05 billion in 2018, growing at a CAGR of 11.18% for the next five years 2018-2023
(EMAILWIRE.COM, July 06, 2018 ) Pen needles are used alongside injection pens to supply injectable medicinal drugs into the frame. A pen needle consists of an entire needle this is embedded in a plastic hub and attaches to injection pens. They will be normally used by human beings with diabetes who often require more than one every day insulin injections. Pen needles, in an evaluation of general syringes and vials, provide an accessible, less complicated and additional accurate dosage. Such needles do now not require to be driven through the rubber vial stopper and thus have a propensity to maintain their sharpness and lubrication.
Pen needles are used alongside injection pens to deliver injectable medicinal drugs into the frame. A pen needle includes an entire needle this is embedded in a plastic hub and attaches to injection pens. They're normally utilized by humans with diabetes who regularly require more than one every day insulin injections.
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The Global pen needles market is expected to reach USD 3.38 billion by 2023 from USD 2.05 billion in 2018, developing at a CAGR of 11.18% for the next five years 2016-2021.
Drivers and Restraints:
The rise in the incidence of diabetes has pushed more humans to take insulin, which may be self-administered the usage of an insulin pen. Development in the era, growing hobby among the general public credited to the numerous healthcare conferences and seminars, and government assistance to make sure nations, together with favorable reimbursement rules, are a variety of things raising the market growth.
But, reuse of pen needles, the presence of alternative drug transport techniques, and poor accessibility of pen needles over traditional syringes and vials are restraining the increase of world pen needles market.
To know more read: https://www.marketdataforecast.com/market-reports/global-pen-needles-market-176/
Geographic Segmentation
On the basis of geographical area, the worldwide pen needles market is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe is predicted to account for the biggest proportion of 32.5% of the worldwide pen needles market in 2016, while Asia-Pacific is estimated to develop at the highest CAGR of 14.10% all through the forecast period 2016-2021.
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The main firms dominating the market include Becton, Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), and Ypsomed Holding AG (Switzerland), 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.
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.
Pen needles are used alongside injection pens to deliver injectable medicinal drugs into the frame. A pen needle includes an entire needle this is embedded in a plastic hub and attaches to injection pens. They're normally utilized by humans with diabetes who regularly require more than one every day insulin injections.
View sample and decide: https://www.marketdataforecast.com/market-reports/global-pen-needles-market-176/request-sample
The Global pen needles market is expected to reach USD 3.38 billion by 2023 from USD 2.05 billion in 2018, developing at a CAGR of 11.18% for the next five years 2016-2021.
Drivers and Restraints:
The rise in the incidence of diabetes has pushed more humans to take insulin, which may be self-administered the usage of an insulin pen. Development in the era, growing hobby among the general public credited to the numerous healthcare conferences and seminars, and government assistance to make sure nations, together with favorable reimbursement rules, are a variety of things raising the market growth.
But, reuse of pen needles, the presence of alternative drug transport techniques, and poor accessibility of pen needles over traditional syringes and vials are restraining the increase of world pen needles market.
To know more read: https://www.marketdataforecast.com/market-reports/global-pen-needles-market-176/
Geographic Segmentation
On the basis of geographical area, the worldwide pen needles market is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe is predicted to account for the biggest proportion of 32.5% of the worldwide pen needles market in 2016, while Asia-Pacific is estimated to develop at the highest CAGR of 14.10% all through the forecast period 2016-2021.
Get your customized report: https://www.marketdataforecast.com/market-reports/global-pen-needles-market-176/customize-report
The main firms dominating the market include Becton, Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), and Ypsomed Holding AG (Switzerland), 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.
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 Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
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