An exhaustive evaluation of restrains included in Pen Needles Market report portrays dissimilarity to drivers and hence, gives room for tactical planning. Characteristics that overshadow market progress are as essential as they can be understood to advance different bends for getting hold of lucrative scenarios that are existing in this ever-growing market. Furthermore, insights into the key specialist’s opinions have been well-thought-out to understand this market better.
The study elaborates growth rate of the Pen Needles Market supported and analysed after exhaustive and reliable company profile analysis. The study offers an in-depth investigation, market size, share, insights, evaluation for developing segment and numerous other important market characteristic in the Pen Needles Market industry.
The global pen needles market estimated to grow at a CAGR of 4.6% during the forecast period from 2018 to 2025. The market for Pen needles was valued at USD 1,603.8 Mn in 2017 and is estimated to reach US$ 2,280.6 Mn by 2025.
The Prominent/Emerging Players in the Pen Needles Market includes: BD, Novo Nordisk A/S, YPSOMED AG, B. Braun Melsungen AG, Owen Mumford, Ltd., HTL-Strefa S.A., Ultimed, Inc., Terumo Corporation, Allison Medical, Inc., and Artsana S.p.A
The global Pen Needles Market segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Pen Needles Market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2022-2025.
Pen Needles Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The report currently provides detailed insights on trends, market share, market size, market value, and trading volume. The global Pen Needles Market report provides a comprehensive analysis of COVID-19 infections and how it has impacted market growth. This study explains the future opportunities for market participants. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory.
Research objectives:
- To study and analyze the global Pen Needles Market size by key regions/countries, product type and application, history data from 2018 to 2020, and forecast to 2025.
- To understand the structure of Pen Needles Market by identifying its various sub segments.
- Focuses on the key global Pen Needles Market players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Pen Needles Market with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Pen Needles Market submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents: Pen Needles Market
- Part 1: Overview of Pen Needles Market
- Part 2: Pen Needles Market Carts: Global Market Status and Forecast by Regions
- Part 3: Global Market Status and Forecast by Types
- Part 4: Global Market Status and Forecast by Downstream Industry
- Part 5: Market Driving Factor Analysis
- Part 6: Market Competition Status by Major Manufacturers
- Part 7: Major Manufacturers Introduction and Market Data
- Part 8: Upstream and Downstream Market Analysis
- Part 9: Cost and Gross Margin Analysis
- Part 10: Marketing Status Analysis
- Part 11: Market Report Conclusion
- Part 12: Pen Needles Market: Research Methodology and Reference
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The global pen needles market was valued at USD 1.5 billion in 2015, which is projected to grow at a CAGR of more than 13.0% during the forecast period.
According to the WHO, in 2014, 422 million people had diabetes and it is estimated that it would be the 7th leading cause of death in 2030.
Co. UK, obesity accounts for 80% to 85% chances of developing type 2 diabetes.
Short length pen needles can be easily used by everyone including overweight, children, and the patient with phobia of needles.
For instance, in 2014, Novo Nordisk made NovoFine Plus, the thinnest and shortest needle commercially available in the U.S.
It does not offer resistance while injecting and provides greater comfort as compared to other injections.
