Press release
Pen Needles Market is Projected to Reach USD 4.40 Billion By 2026, with Top Players - Novo Nordisk A/S, Becton, Dickinson and Company, TERUMO CORPORATION, Owen Mumford Ltd.
Global Pen Needles Market AnalysisAccording to Verified Market Research, The Global Pen Needles Market was valued at USD 1.94 Billion in 2018 and is projected to reach USD 4.40 Billion by 2026, growing at a CAGR of 10.8% from 2019 to 2026.
What is pen needles?
Pen needles are commonly used in conjunction with injection pens in order to deliver injectable medications into the human body. It comprises of a hollow needle that is embedded in a plastic hub and attaches to injection pens. Pen needles are available in a variety of needle length and diameters and are generally used by healthcare professionals to provide an injection of a variety of medications to their patients. The most common applications of these pen needles are by diabetic patients who often require multiple daily insulin injections.
Global Pen Needles Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
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Factors such as the rising prevalence of chronic diseases such as diabetes, favorable reimbursement in selected countries along with huge technological advancements contribute to driving the Global Pen Needles Market. On the other hand, Preference for Alternative Drug Delivery modes might act as a restraint for the overall market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Pen Needles Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Pen Needles Market Competitive Landscape
The “Global Pen Needles Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Novo Nordisk A/S, Becton, Dickinson and Company, TERUMO CORPORATION, Owen Mumford Ltd., Ypsomed, B. Braun Melsungen AG, HTL-STREFA, UltiMed, Inc., Allison Medical, Inc., and Artsana S.p.a. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Pen Needles Market, By Length
• 4mm
• 5mm
• 6mm
• 8mm
• 10mm
• 12mm
Global Pen Needles Market, By Type
• Standard Pen Needles
• Safety Pen Needles
Global Pen Needles Market, By Therapy
• Insulin Therapy
• Glucagon-Like Peptide-1 (GLP-1) Therapy
• Growth Hormone Therapy
• Other Therapies
Global Pen Needles Market , By Mode of Purchase
• Retail
• Non-Retail
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Global Pen Needles Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World
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Verified Market Research’ has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. Our large database includes the latest Content from renowned authors and publications worldwide. We’ve recently developed a one of its own kind smart-system, which helps us determine the authenticity and reputation of the content and its author. This ‘smart-system’ ensures that we always include high – quality content in our database. We also provide customized Data and Reports according to the need of our client. We strive for excellence and perfection in all our work, and our in-house team is working 24/7 so that you get the Data, Reports, and Analytics you need to help make better decisions. We believe in Customer Satisfaction, and to achieve that we aim to understand the client’s need to provide ‘tailor-made’ services.
Our aim is to save your Time and Resources, providing you with the required Research Data, so you can only concentrate on Progress and Growth. Our Data includes research from various industries, along with all necessary statistics like Market Trends, or Forecasts from reliable sources.
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