North American Pen Needle Market Trends, Segmentation, Growth, Analysis and Forecast 2023-2029

The North American Pen Needle market is anticipated to grow at a CAGR of 7.5% during the forecast period. North America has a vast potential for the treatment of diabetes owing to the presence of numerous companies and research institutes focused on the R&D regarding drug development and manufacturing. The pen needle industry growth is mainly influenced by factors such as a rise in the number of diabetic patients coupled with the awareness of diabetes care. In addition, according to IDF, in 2019, the prevalence of diabetes was around 13.3% of the total adult population in the region which is expected to increase up to 14.2% by 2030 and 15% by 2045. Thus, the increased prevalence of diabetes provides growth opportunities for the market during the forecast period.

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Furthermore, the frequent advancements in the pen needles by the companies working across the region will also contribute to the high share of the regional market. In addition to this, the high awareness among people related to the availability of such products in the market for maintaining the diabetes level is further anticipated to contribute towards the growth of the North American pen needle market. Moreover, there is significant support from governments in the form of reimbursements for the government and private insurers which also encourages the treatment of diabetes among the regional population.

Market Coverage

The market number available for - 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered-
o By Type

o By Therapy

o By Mode of Purchase

Competitive Landscape- Becton, Dickinson and Co., Novo Nordisk A/S, Domrex Pharma, Inc., and others

Key questions addressed by the report

What is the market growth rate?
Which segment dominates the market in the base year?
Which segment will project the fastest growth in the market?
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

North American Pen Needle Market Report Segment

By Type

Standard Pen Needles
Safety Pen Needles

By Therapy

Insulin
GLP-1
Growth Hormones

By Mode of Purchase

Retail
Non-Retail

A full report of North American Pen Needle Market is available at: https://www.omrglobal.com/industry-reports/north-american-pen-needle-market

North American Pen Needle Market- Segment by Region

North America

United States
Canada

Company Profiles

AgaMatrix, Inc.
Allison Medical, Inc.
Becton, Dickinson and Co.
Domrex Pharma, Inc.
MHC Medical
Montméd inc.
Novo Nordisk A/S
Trividia Health, Inc.
Ultimed, Inc.

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