Pen Needles Market Global Outlook 2025 BD, Novo Nordisk, YPSOMED, B. Braun Melsungen, Owen Mumford, HTL-Strefa, Ultimed, Terumo Corporation, Allison Medical, Artsana
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The major players operating in the market of pen needles include
2. Novo Nordisk A/S
3. YPSOMED AG
4. Braun Melsungen AG
5. Owen Mumford, Ltd.
6. HTL-Strefa S.A.
7. Ultimed, Inc.
8. Terumo Corporation
9. Allison Medical, Inc.
10. Artsana S.p.A.
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 global pen needles market is segmented on the basis of type, therapy, and lenSWSgth and geography. On the basis of type, the market is segmented into standard pen needles and safety pen needles. On the basis of therapy, the market is segmented into insulin therapy, GLP-1 therapy and growth hormone therapy. Based on length, the global pen needles market is segmented into 4mm, 5mm, 6mm, 8mm, 10mm, and 12mm.
Europe is expected to be the dominant region in the global pen needles market. This dominance is primarily driven by the increasing Prevalence of diabetes is increasing among all ages in the European Region, majorly due to increase in overweight & obesity, unhealthy diet and physical inactivity.
According to the International Diabetes Federation (IDF) Europe, in 2017, there were 7.476.800 cases of diabetes in Germany. Moreover, approximately 270,000 new cases are recorded in Germany each year. This is expected to drive the market for overall pen needles in this country. On the other hand, Asia Pacific is expected to witness significant growth in the market owing to factors such as increasing focus of market players developing novel products at affordable prices, developing healthcare infrastructure and massive pool of diabetic prevalent population.
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Major Factor Focus in Advance REsearch Report
3 Pen Needles Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Pen Needles Market – By Type
3.2.2 Pen Needles Market – By Therapy
3.2.3 Pen Needles Market – By Length
3.2.4 Pen Needles Market – By Region
188.8.131.52 By Countries
3.3 PEST Analysis
3.3.1 North America – PEST Analysis
3.3.2 Europe – PEST Analysis
3.3.3 Asia Pacific – PEST Analysis
3.3.4 Middle East and Africa – PEST Analysis
3.3.5 South and Central America – PEST Analysis
4 Pen Needles Market – Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Pen Needles Market Analysis- Global
5.1 Global Pen Needles Market Overview
5.2 Global Pen Needles Market Revenue Forecasts and Analysis (US$ Mn)
5.3 Global Pen Needles Market Volume Forecasts and Analysis (‘000 units)
5.4 Market Positioning/Market Share
5.5 Performance of Key Players
5.6 Expert Opinions
6 Pen Needles Market –Global Regulatory Scenario
6.2 North America
6.4 Asia Pacific
6.5 Middle East & Africa
6.5.2 Saudi Arabia
6.5.3 South Africa
6.6 South and Central America
7 Pen Needles Market Revenue and Forecasts to 2025 – Type (US$ Mn)
7.2 Type Market Forecasts and Analysis
7.3 Standard Pen Needles Market
7.3.2 Standard Pen Needles Market Revenue Forecasts and Analysis (US$ Mn)
7.3.3 Standard Pen Needles Market Volume Forecasts and Analysis (‘000 units)
7.4 Safety Pen Needles Market
7.4.2 Safety Pen Needles Market Revenue Forecasts and Analysis (US$ Mn)
7.4.3 Safety Pen Needles Market Volume Forecasts and Analysis (‘000 units)
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