Press release
Pen Needles Market 2020 Global Trend & Forecast to 2025 | B. Braun Melsungen AG, Ypsomed AG, Owen Mumford Ltd., Novo Nordisk A/S, BD, Terumo Corporation, Allison Medical, Inc., UltiMed, Inc., HTL-Strefa, Arkray, Inc
The global pen needles market was valued at USD 1,450.0 million in 2019 and is expected to grow at a CAGR of 11.7% over the forecast period. The market is anticipated to grow on account of rising prevalence of diabetes. According to the World Health Organization, approximately 422 million people are currently living with diabetes across the globe and is attributed to 1.6 million deaths annually.Get Sample Copy of this Report @ https://www.adroitmarketresearch.com/contacts/request-sample/1550
Leading Companies Reviewed in the Report are:
Key players serving the global pen needles market include B. Braun Melsungen AG, Ypsomed AG, Owen Mumford Ltd., Novo Nordisk A/S, BD, Terumo Corporation, Allison Medical, Inc., UltiMed, Inc., HTL-Strefa, Arkray, Inc. among other prominent players.
Global Pen Needles Market study offers a complete examination of the plans of action, key methodologies, and particular pieces of the overall industry of top key players. Upstream raw materials and instrumentation and downstream demand analysis are additionally dispensed. Global Pen Needles market development trends and marketing channels are analyzed. This is one of the most exhaustive documentation that catches all the features of the developing this Market.
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Pen Needles Market report highlight the complete backdrop analysis, which includes an assessment of the parent market. Important changes in market dynamics market segmentation up to the second or third level. Historical, current, and projected size of the market from the standpoint of both value and volume. Reporting and evaluation of recent industry developments market shares and strategies of key players. Emerging niche segments and regional market. Objective assessment of the trajectory of the market. Recommendations to companies for strengthening their foothold in the market
The revenue generated by the leading industry participants in the sales of Pen Needles across the world has been calculated through primary and secondary research. The advancement in technology, growing product awareness coupled with favorable reimbursement policies is anticipated to fuel market growth over the forecast period. However, the availability of other modes of delivery, complications associated with the usability of pen needles, poor healthcare infrastructure policies in LMIC and developing economies are some of the restraining factors that are projected to hamper the market growth.
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North America currently holds the majority of the market share owing to the prevalence of diabetes, the presence of a significant number of major players across the region along with growing investments by the established firms. Furthermore, Asia Pacific is anticipated to grow with the highest CAGR owing to the growing patient pool, rising healthcare expenditure, rising disposable income, and growing awareness across the region.
The prominent players operating in global Pen Needles market includes B. Braun Melsungen AG, Ypsomed AG, Owen Mumford Ltd., Novo Nordisk A/S, BD, Terumo Corporation, Allison Medical, Inc., UltiMed, Inc., HTL-Strefa, Arkray, Inc. among other prominent players.
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Key segments of the global pen needles market
Product Overview, 2015-2025 (USD Million)
Standard Pen Needles
Safety Pen Needles
Needle Length Overview, 2015-2025 (USD Million)
4mm
5mm
6mm
8mm
10mm
12mm
Therapy Overview, 2015-2025 (USD Million)
Insulin
Glucagon-like-Peptide-1 (GLP-1)
Growth Hormone
Regional Overview, 2015-2025 (USD Million)
North America
U.S.
Canada
Europe
Germany
United Kingdom
France
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Central and South America
Brazil
Mexico
Rest of Central and South America
Middle East & Africa
GCC
Rest of Middle East and Africa
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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