Global Pen
Needles Market, By Product Type (Standard Pen Needles, Safety Pen Needles), By
Product Length (Nano Length, Medium Length, Long length), By Usability
(Reusable Pen Needles, Disposable Pen Needles), By Application (Diabetes,
Growth Hormone Deficiency, Others), By Therapy (Insulin, Glucagon-like
peptide-1, Growth Hormones), By End-User (Hospitals, Clinics, OTC, Home
Healthcare, Others), By Geography (North America, Europe, Asia-Pacific, Latin
America, Rest of the World) – Industry Trends and Forecast to 2024
The global
pen needles market has accounted for USD 1.9 billion in 2016, and is
expected to reach USD 4.5 billion by 2024 growing at a CAGR of 11.6% in the
forecast period of 2017 to 2024. The new market report contains data for
historic years 2015, the base year of calculation is 2016 and the forecast
period is 2017 to 2024.
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Insulin pens are the easiest
and safest way to deliver insulin. Insulin pens are basically used with pen
needles, which are gaining popularity every day over conventional insulin
delivery methods. The usage of pen needles in insulin delivery is increasing owing
to its benefits such as more convenient as can be used while travelling, easier
to use and can be handled by any one, dosage given is more accurate, pain free
and better discretion. The global pen needles market is expected to grow
significantly owing to rising prevalence of diabetes and other chronic
diseases. There is a shortage of trained professionals in developed countries
which is encouraging patients to use self-use products such as pen needles
Some of the major Companies operating
in the Global Pen Needles Market are:
·
Becton, Dickinson and Company
·
ADW Diabetes
·
Novo Nordisk
·
A.Menarini Diagnostics
·
Ulticare
·
Ypsomed Holding AG
·
Facet Technologies
·
B. Braun Melsungen AG
·
Shanghai Neo-Medical Co. Ltd
·
HTL-Strefa S.A.
·
Frank Healthcare Co., Ltd
·
Stat Medical Devices, Inc.
·
Terumo Corporation
·
Domrex Pharma Inc.
·
Vogt Medical Vertrieb GmbH
·
Artsana S.p.a
·
Eli Lilly
·
Owen Mumford Ltd
·
KD Medical GmbH Hospital Products
·
Allison Medical, Inc.
·
Digital Medics Pty Ltd
·
Ultimed, Inc. among others.
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The global pen needles
market is segmented into product type, product length, usability, application,
therapy, end-user, and geography.
Based on product type, the global
pen needles market is segmented into standard and safety pen needles.
On the basis of usability,
the global pen needles market is segmented into disposable and reusable pen
needles.
Based on product length, the
market is segmented into nano length, medium length, and long length.
On the basis of application,
the global pen
needles market is segmented into diabetes, growth hormone deficiency, and
others.
Based on end-user the market
is segmented into hospitals, clinics, OTC, home healthcare, and others.
Based on the drug therapy,
the pen needles market is segmented into insulin, glucagon-like peptide-1, and
growth hormones.
Based on geography the Global Pen
Needles Market is segmented into:
·
North America
·
Europe
·
Asia-Pacific
·
South America
·
Rest of the world
The geographical regions are
further segmented into 24 major countries such as U.S. Canada, Mexico, Germany,
France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore,
Brazil, India, Russia, South Africa and many others. North America is expected
to dominate the market with 42.3% market share in 2016, owing to the favorable
reimbursement scenarios and increasing trend of self injection Injectable in
this market.
Read more about the Global Pen Needles
Market Visit @ http://databridgemarketresearch.com/reports/global-pen-needles-market/
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