04-23-2019 03:06 PM CET - Health & Medicine

Pen Needles Market Overview by 4mm, 5mm, 6mm, 8mm, 10mm and 12mm Types of Needles Therapies Like Insulin, GLP-1 and Growth Hormone Drives the Demand by 2024

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Pen Needles Market
Pen Needles Market

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The pen needles market is expected to reach 3.4 billion by 2023 from an estimated USD 2.0 billion in 2018, at a CAGR of 11.0% during the forecast period. The pen needles market report analyzes market based on type, needle length, therapy, & mode of purchase. Detailed insights on upcoming technologies, research and development activities, & new product launches in pen needle market.

Size of pen needle market and estimate the size of various other dependent submarkets. Various secondary sources such as directories, industry journals, databases such as Hoover’s, Bloomberg Business, Factiva, and Avention, and annual reports of companies have been used to identify & collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market.

Global pen needles market witness’s high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (new product launches, acquisitions, and geographical expansions) to increase their market shares and to establish a strong foothold in the global market. In-depth assessment of market shares, strategies, products, distribution networks, & manufacturing capabilities of leading players in pen needles market.

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Objectives of Pen Needles Market Study includes Market Definition, Market Scope, Years Considered for the Study, Currency with Limitations and Global Stakeholders. Comprehensive information about lucrative emerging markets. Report analyzes markets for various pen needles across regions.
Growth in market can be attributed to favorable reimbursement environment and government support in selected countries. In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the pen needles market.

Table of Content
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Pen Needles Market, By Type
8 Pen Needles Market, By Needle Length
9 Pen Needles Market, By Therapy
10 Pen Needles Market, By Mode of Purchase
11 Pen Needles Market, By Region
12 Pen Needle Distributor List
13 Competitive Landscape
10 Competitive Landscape
11 Company Profiles
12 Appendix

Prominent players in pen needles market include Becton, Dickinson, and Company (U.S.), Novo Nordisk A/S (Denmark), Ypsomed Holdings AG (Switzerland), Owen Mumford, Ltd. (U.K.), HTL-STREFA S.A. (Poland), B. Braun Melsungen (Germany), Terumo Corporation (Japan), UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), and Artsana S.p.a. (Italy).

More Information on this study “Pen Needles Market by Type (Standard Pen Needles, Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) - Trends & Global Forecasts to 2021” report www.prnewswire.com/in/news-releases/pen-needles-market-se... .

Pen needles market, based on needle length, is segmented into 4mm, 5mm, 6mm, 8mm, 10mm, and 12mm. 8mm needle length segment is expected to account for largest share of market in 2016. However, pen needles with 4mm length are expected to grow at highest CAGR in market, by needle length.

Research is useful for following target audience
• Manufacturing companies of pen needles, insulin pens, injectable drug delivery devices, & diabetes supplies
• Suppliers and distributors of pen needles, insulin pens, injectable drug delivery devices, and diabetes supplies
• Research institutes and academic centers
• Pharmaceutical and biopharmaceutical companies
• Biotechnology companies
• Authorities framing reimbursement policies for pen needles
• Business research and consulting service providers
• Venture capitalists

8mm pen needles segment is expected to account for largest share of pen needles market, by needle length, in 2016. Insulin therapy segment is expected to dominate pen needles market, by therapy, in 2016. Growth in insulin therapy segment can be attributed to increasing use of insulin by diabetic population & increasing awareness about insulin self-administration among type 1 & type 2 diabetes patients.

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