|01-18-2019 11:08 AM CET - Health & Medicine||
Pen Needles Market overview with analysis on a Global scale by Top Key Manufacturers Like Becton, Dickinson and Company, Novo Nordisk, Ulticare, Ypsomed Holding AG. and more
Press release from: Allied Market Research
Pen needles inject injections into the body using injections. This device includes hollow needles with plastic hubs attached to injection pens of various lengths and diameters. Injection pens and pen needles are alternative drug delivery methods for traditional vial / syringe methods. The global pen needle market is expected to record growth over the forecast period as the number of people suffering from diseases, especially diabetes and other diseases, grows.
The global pen needle market tends to have higher preference for penis, a higher elderly population, and a preference for minimally invasive procedures than syringes and vials. However, there are not enough endocrinologists to treat hormone imbalance and conditions such as diabetes and thyroid disease, which hinders market growth. In addition, many diabetic patients and awareness of diabetic patients can be easily transmitted, providing an attractive opportunity for market growth.
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The key players operating in the market include
• Dickinson and Company
• Novo Nordisk
• Ypsomed Holding AG
• B. Braun Melsungen AG
• Terumo Corporation
• Owen Mumford Ltd.
• Allison Medical
• Cambridge Sensors Ltd.
• Montmed Inc.
• Stat Medical Inc.
The global pen needle market is segmented based on type, needle length, therapy, mode of purchase, and geography. Based on type, it is bifurcated into standard pen needles and safety pen needles. Based on needle length, it is classified into 4mm, 5mm, 6mm, 8mm, 10mm, and 12mm. Based on drug therapy, it is categorized into insulin, GLP-1, and growth hormones. Based on the mode of purchase, it is divided into retail and non-retail.
Geographically, it is analyzed across North America, Europe, Asia-Pacific, South America, and LAMEA further country level analysis of the regions is provided to determine the market size and forecast for each segment and sub-segment of the market in various countries across the globe.
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• The study provides an in-depth analysis of the market along with current trends and future estimations to elucidate the imminent investment pockets.
• It offers a quantitative analysis of the industry from 2016 to 2023 to enable stakeholders to capitalize on the prevailing market opportunities.
• Comprehensive analysis of geographical regions is provided to determine the prevailing opportunities.
• Key players and their strategies have been thoroughly analyzed to understand the competitive outlook of the global market.
• Extensive analysis by product elucidates the types of pen needles used for delivering injectable medications.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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