Advancement in technology of needle based drug delivery is fulling the growth of Global Needles Market
A needle comes with a syringe, which is made from either glass or plastic and is shaped in the form of a cylinder with a piston at one end and an opening which holds the needle.
(EMAILWIRE.COM, August 03, 2018 ) Market Overview:
The Global Needles market is valued at around USD 6.24 billion in 2018 and envisioned to be developing at a CAGR of 7.7%, to attain USD 9.04 billion by 2023. Pen needles are used along injection pens to supply injectable medicinal drugs into the body. A pen needle includes a whole needle that is embedded in a plastic hub and attaches to injection pens. They’ll be usually utilized by human beings with diabetes who regularly require more than one insulin injection per day.
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Increase in the incidence of diabetes among individuals is driving the growth of the market
Factors affecting market growth:
Favorable reimbursement policies (+)
Increase in the incidence of diabetes among individuals (+)
Increasing numerous healthcare conferences and seminars (+)
Advancement in the drug-delivery technology (+)
Rising geriatric population across the world (+)
Reusing of needle sticks (-)
Poor accessibility of pen needles over traditional syringes (-)
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Standard needles hold the largest segment of the market in terms of revenue
Market Segmentation
The Global Needles market is segmented on the basis of
Type
Introduction
Conventional Needles
Bevel Needles
Filter Needles
Vented Needles
Safety Needles
Active needles
Passive Needles
Product
Introduction
Suture Needles
Blood Collection Needles
Ophthalmic Needles
Dental Needles
Insufflation Needles
Pen Needles
Other Needles
Delivery Mode
Introduction
Hypodermic Needles
Intravenous Needles
Intramuscular Needles
Intraperitoneal Needles
Material
Introduction
Stainless Steel Needles
Plastic Needles
Glass Needles
PEEK Needles
End User
Hospitals & Clinics
Diagnostic Centers
Home Healthcare
Other End Users
In the product type, the market is majorly ruled by standard needles. The protection needles sub-phase is expected to grow at a fast charge during the forecasted period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/global-needles-market-2801/
Key players:
The main players of the market include Becton, Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation and Smiths Medical, Terumo Corporation, Smiths Medical, and Thermo Fisher Scientific.
The Global Needles market is valued at around USD 6.24 billion in 2018 and envisioned to be developing at a CAGR of 7.7%, to attain USD 9.04 billion by 2023. Pen needles are used along injection pens to supply injectable medicinal drugs into the body. A pen needle includes a whole needle that is embedded in a plastic hub and attaches to injection pens. They’ll be usually utilized by human beings with diabetes who regularly require more than one insulin injection per day.
Request Report Sample: https://www.marketdataforecast.com/market-reports/global-needles-market-2801/request-sample
Increase in the incidence of diabetes among individuals is driving the growth of the market
Factors affecting market growth:
Favorable reimbursement policies (+)
Increase in the incidence of diabetes among individuals (+)
Increasing numerous healthcare conferences and seminars (+)
Advancement in the drug-delivery technology (+)
Rising geriatric population across the world (+)
Reusing of needle sticks (-)
Poor accessibility of pen needles over traditional syringes (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/global-needles-market-2801/customize-report
Standard needles hold the largest segment of the market in terms of revenue
Market Segmentation
The Global Needles market is segmented on the basis of
Type
Introduction
Conventional Needles
Bevel Needles
Filter Needles
Vented Needles
Safety Needles
Active needles
Passive Needles
Product
Introduction
Suture Needles
Blood Collection Needles
Ophthalmic Needles
Dental Needles
Insufflation Needles
Pen Needles
Other Needles
Delivery Mode
Introduction
Hypodermic Needles
Intravenous Needles
Intramuscular Needles
Intraperitoneal Needles
Material
Introduction
Stainless Steel Needles
Plastic Needles
Glass Needles
PEEK Needles
End User
Hospitals & Clinics
Diagnostic Centers
Home Healthcare
Other End Users
In the product type, the market is majorly ruled by standard needles. The protection needles sub-phase is expected to grow at a fast charge during the forecasted period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/global-needles-market-2801/
Key players:
The main players of the market include Becton, Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation and Smiths Medical, Terumo Corporation, Smiths Medical, and Thermo Fisher Scientific.
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results