Pen Needles Market Size to Grow at a CAGR of 4.6% by 2025 with Leading Market key Players- is estimated to account for US$ 2,280.6 Mn by the end of 2025, escalating at a CAGR of 4.6% during the forecast period from 2018 to 2025, rising from US$ 1,603.8 Mn

Pen Needles Market Size and Growth Rate:

According to the Research Report , the Global Pen Needles Market Size was expected to Reach USD 2,280.6 Million by 2025 from USD 1,603 Million by 2017 at a CAGR of 4.6% during the forecast period.

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Pen needles are designed and manufactured with ease and comfort for the patients. They can easily penetrate into the skin with almost less pain and also can taken by own as it doesn’t only need professionals to inject. It comes out with a plastic cups and in a varied diameter and lengths. The pen needles are widely used by the diabetic patients as they need to inject insulin frequently. The advanced pen needles are very much favor in the treatment of hormonal imbalances and also thyroid disorders. The available lengths in the market are 4mm, 5mm, 6mm, 8mm, 10mm and 12mm. Every length is manufactured in accordance with the applications and the most applicable length is 4mm.

Pen Needles Market Growth Drivers and Restraints:

The growing incidences of diabetic disorders among the people across the globe are key driving factor for the market to grow eventually. The stringent rules and regulations by the government is also additional factor propelling the demand of the market.
However, the lack of sufficient knowledge in the utilization of the pen needles particularly in the rural areas is restraining the growth of the market. The improper diagnosing process due to lack of expertise in treating some disorders with these needles is remained as a challenging factor in the market.

Emerging of advanced technology in developing the features of the needles by lowering the pain during injecting and also easy penetration of the drug into the patient’s muscle through five point tip seems good for the growth opportunities of the market. The rise in awareness among the patients about pen needles due to its comfort than other conventional systems is surging the growth of the market.

Geographical Insights of the Pen Needles Market:

Geographically, the pen needles market is segmented into North America, Asia Pacific, Europe, Middle East and Africa. North America is anticipated to lead the highest shares of the market owing to increased diabetic patients and also some other health disorders. Asia Pacific and Europe are expected to dominate the largest shares of the market in the future. Middle East and Africa will be growing substantially throughout the forecast period.

Key Players of the Pen Needles Market:

Some of the prominent players in the pen needles market are Novo Nordisk A/S, Becton, Dickinson and Company, Ypsomed AG, UltiMed, Inc., TERUMO CORPORATION, HTL-STREFA, Owen Mumford Ltd., B. Braun Melsungen AG, Allison Medical, Inc., Hindustan Syringes and Medical Devices Ltd., and Artsana S.p.a.

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Pen Needles Market -Key Segmentation:

By Type:

• Standard
• Safety

By Therapy:

• Insulin
• GLP-1
• Growth Hormone

By Length:

• 4mm
• 5mm
• 6mm
• 8mm
• 10mm
• 12mm

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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