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Indian Pen Needle Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

05-27-2024 04:38 AM CET | Health & Medicine

Press release from: Orion Market Research

Indian Pen Needle Market Size, Trends, Latest Insights,

The Indian pen needle market is anticipated to grow at a CAGR of 10.1% during the forecast period. The market growth will be majorly influenced by the increasing number of diabetes patients. As per the IDF, India has the second-largest number of adults with diabetes globally with a total of 77 million adults (20-79 years) suffering from diabetes in 2019. The increasing initiatives to promote awareness regarding diabetes and its treatment are also expected to present new growth opportunities to the market. For instance, in 2019, Diabetes India launches the '1000 Days Initiative' leading up to January 11, 2022, to mark 100 years of insulin use.

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Furthermore, the increasing initiatives from domestic players such as low-priced products to compete with foreign companies are also expected to fuel the pen needle market. For instance, in May 2018, at the 4th Medical Expo Indore, Hindustan Syringes & Medical Devices (HMD), an India-based company introduced 'Dispovan Insulin Pen Needle' to provide ease to people with diabetes in India & supporting the Made in India revolution. The company provides needles at affordable prices. For instance, the Becton, Dickinson, and Co. (BD) pen needle is priced for $0.19 whereas HMD priced their Dispovan's pen needle for $0.16 to make it affordable for all types of consumers.

India 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 Indian Pen Needle Market is available at: https://www.omrglobal.com/industry-reports/indian-pen-needle-market

Company Profiles

• Braun Melsungen AG
• Becton, Dickson, and Company
• Hindustan Syringes & Medical Devices Ltd.
• MedExel Co., Ltd.
• MylifeYpsomed India Private Ltd.)
• Novo Nordisk A/S
• Terumo Corporation

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Visit more report at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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