The global pen needles market size was estimated at USD 2.2 Bn in 2021, growing at a CAGR of 11.2% during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and --other qualitative sections with an in-depth TOC on “Global Pen Needles Market by Type (Standard pen needles, Safety Pen Needles), by Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), by Therapy (GLP-1, Growth Hormones, Insulin), by End user (Hospitals, Homecare, Diagnostic centers) and Geography- Global/Region/Country Forecast to 2028.”

View detailed Report Description here - https://precisionbusinessinsights.com/market-reports/global-pen-needles-market/

Growing geriatric population projected to impel the Pen Needles Market

Pen needles are used in combination with injection pens for the purpose of delivering injectable medications into the body. Pen needles will available in various diameters and lengths for making them used by the patients and healthcare experts easily to administer medications. This needle consists of a needle, which is hallowed and embedded in a plastic hub and attached to injection pens. This needle works as an alternative delivery system of drug administration to the conventional method. Usually, this needed is used by those suffering from diabetes and who need insulin injections. One of the major factors projected to fuel the growth of market is increase in the government initiatives to prevent diabetes.

Increasing cases of diabetic patients is one of the leading causes which enable to fuel the global pen needles market. About 642 Mn of the total population is anticipated to have diabetes till 2040 according to the International Diabetes Federation. Growing aged population and increase in the adaptation of pen needles and minimally invasive methods over conventional systems projected to boost the pen needles market growth. But, the risks about safe use of pen needles, lack of specialized endocrinologists for treating thyroid disorders, diabetes and hormonal imbalances and strict regulatory framework to develop novel products are the factors hampering the pen needles market.

North America got major share in the Pen Needles Market

On the basis of regional analysis, global market is categorized into North America, Europe, Asia- Pacific, Latin America, The Middle East & Africa. North America witnesses the biggest share in pen needles market owing to the high acceptance of state-of-art technologies and high prevalence of diabetes. In 2015, diabetes is the 7th leading cause of death in U.S with 79,535 deaths as per, American Diabetes Association, in 2015. Europe witnessed the major share in pen needles market. Asia Pacific region is expected to experience major growth because of the innovative product launches, affordability, growing consciousness regarding healthcare in countries like China, India, and Japan.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=17125

Competitive Analysis - Pen Needs Market
A few major players operating in the pen needles market are Novo Nordisk A/S (Denmark), Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Ypsomed Holding AG (Switzerland), Terumo Corporation (Japan), HTL-STREFA S.A. (Poland) and Artsana S.p.a (Italy), Allison Medical, Inc. (U.S.), UltiMed, Inc. (U.S.) and ARKRAY Inc. (U.S). These players also focus on adopting key strategies.

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

Contact:

Mr. Satya

Precision Business Insights | Toll Free: +1 866 598 1553

Email: [email protected]
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747