Global Pen Needles Market Analysis and Forecasts to 2025 by Geography (North America, Europe, Asia Pacific, Latin America and Middle East & Africa), by Key Trends

The report provides forecast and analysis of the global pen needles market. It provides market overview of global pen needles market of in terms of revenue (in US$ mn). Furthermore, the report includes drivers, restraints, trends and opportunity of the pen needles market and their impact on each country during the forecast period.
Pen Needles are the needles of insulin injection pens. Insulin pens & pen needles are widely used by Diabetes population across the globe. Insulin pen needles are to be disposed after use. These pen needles are available in various lengths and gauge sizes for various population groups. In the recent years, pen needles are replacing the insulin syringes owing to their ease of use.
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Global Pen Needles Market: Snapshot

The global market for pen needles has been growing alongside the propensity of the masses to self-inject drugs and other medications in the body. Pen needles are an advanced form of technology that can be used by the common masses and are often used in conjunction with insulin pens. The advent of pen needles has witnessed a decrease in the pressure on the medical fraternity to employ staff for injecting medical doses in patients. It is anticipated that the growth of self-care and self-medication trends across the world would give an impetus to the growth of the market for pen needles.
The most prominent driver of demand within the global market for pen needles is the rise in the number of people suffering from diabetes. Diabetics who require frequent injection of insulin in the body have found pen needles as an easy and viable option. Furthermore, the ease of usage of these needles along with their reasonable price has also given an impetus to market growth. Biodegradable pen needles are also in the pipeline, and this is expected to further elevate demand within the global market.

The healthcare industry in North America has been steadfast in promoting and distributing pen needles to the masses. This has created growth spaces in the market for pen needles in North America where the patients are wary of the benefits and ease offered by these needles.

Global Pen Needles Market: Overview

The usage of pen needles in conjunction with that of insulin pens helps in accurate, fast, and convenient injection of drug deliveries for diabetic patients. Thus, the growing need for insulin pens is foretold to bode well for the global pen needles market. Moreover, the shorter length of pen needles makes it convenient to employ them for drug administration when treating patients suffering from almost any type of health problem including overweight.

Global Pen Needles Market: Key Trends

The target market for pen needles is anticipated to grow impressively in the coming years due to the rising diabetes population. By 2040, an approximate 642 mn people could suffer from diabetes, as per the statistics of the International Diabetes Federation (IDF). Products such as pen needles are used to administer inject able medications to diabetic patients. Since obesity could make people highly susceptible to diabetes, the growing size of obese population is expected increase the demand in the world pen needles market.

Vendors functioning in the world pen needles market are predicted to invite lucrative opportunities in the business in the event of significant technological advancements. Compared to conventional syringes and vials, pen needles allow enhanced drug delivery, easier penetration, and greater safety during drug administration. As a result, the demand in the world pen needles market could aggravate further.

Standard pen needles are prognosticated to suffer a slack in demand on account of concerns raised against their safe applicability. However, the rising awareness about the usage of pen needles in diabetic treatment and augmenting number of diabetic patients could support the growth of standard pen needles. Safety pen needles, on the other hand, are envisaged to offer some crucial opportunities in the world pen needles market. This could be because of their ability to minimize needlestick injuries and magnifying technological developments.

Global Pen Needles Market: Regional Outlook

A majority of research analysts study the Europe region to have dominated the international pen needles market in 2015, owing to a ballooning prevalence of the target disease diabetes. With a view to upgrade diabetic treatment techniques, ample of initiatives have been taken by the U.K. government to invest in diabetes research and care. Over the course of the forecast period 2017–2025, Asia Pacific is prophesied to register a significant growth in the international pen needles market. This could be due to the elevating awareness about the accessibility to cutting-edge technological devices for diabetes treatment.
The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report also includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis and various business strategies adopted by them. This report will help players in global pen needles market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
Global Pen Needles Market: Competitive Landscape

Top players operating in the worldwide pen needles market are envisioned to focus on fulfilling the unmet needs in diabetic treatment through mergers and acquisitions, geographical expansion, and the advent of technological breakthroughs for new product development. Some of the dominant companies in the worldwide pen needles market could be Ypsomed, Owen Mumford Ltd., Terumo Corporation, BD, and Novo Nordisk A/S.
Global Pen Needles Market: Market Potential

The Ultra-Fine Nano 4mm x 32G Pen Needle by Becton, Dickinson and Company (BD) is claimed as a new and improved way of insulin injection in diabetic patients. However, the needle is also considered effective for all kinds of patients. The technology and design are expected to make a whole lot of difference in how patients feel during drug injection. With a smooth needle finish, needle glide, and injection comfort, the pen needle could be a breakthrough innovation in the medical devices industry. The proposed thinnest and shortest pen needle by BD is manufactured with the help of three technologies, viz. electro-polishing, micro-bonded lubrication, and PentaPoint technology.
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Based on end user, the market can be segmented as, hospitals, clinics, & ambulatory centers and patients. Pen needles are highly used by patients to self-administer the insulin. Rise in number of diabetes cases across the globe and ease of insulin administration using insulin pens is expected to boost the demand for pen needles from patients in the coming years. However, the demand for safety pen needles from hospitals, clinics, & ambulatory centers is expected to rise during the forecast period, owing to regulations to decrease the needle stick injuries.
The pen needles market based on the end user is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for pen needles in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The Pen Needles market report includes market size and analysis for all the above-mentioned regions and countries for type, length, and end user.
Both primary and secondary research has been performed during the study. Secondary sources include Factiva, World Bank, and Hoover-2019s, company annual reports, investor presentations, and publications. The key players included in the global pen needles market report are BD, Novo Nordisk, Ypsomed Holding AG, B. Braun Melsungen AG, HTL-Strefa S.A., Terumo Corporation, Artsana S.p.a, Owen Mumford Ltd, Allison Medical, Inc., and Ultimed, Inc., among others.
The market report includes the following sections:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Global Pen Needles Market – Market Dynamics
• Drivers
• Restraints
• Opportunities
Chapter 4: Global Pen Needles Market – By Type

• Standard
• Safety
Chapter 5: Global Pen Needles Market – By Length
• 4mm
• 5mm
• 6mm
• 8mm
• 10mm & 12mm
Chapter 6: Global Pen Needles Market – By End User
• Patients
• Hospitals, Clinics, and Ambulatory Centers
Chapter 7: Global Pen Needles Market – By Region
• North America
• US
• Canada
• Europe
• UK
• Germany
• France
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Rest of Asia Pacific
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• South Africa
• UAE
• Saudi Arabia
• Rest of Middle East & Africa
Continue……
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