Pen Needles Market Size is projected to increase worth USD 3.83 Billion by 2023, globally.
Pen Needles Market was valued at USD 2.05 billion. By the year 2023, it is predicted to reach USD 3.83 billion with pace of 11.18% CAGR.
(EMAILWIRE.COM, August 21, 2018 ) In the year 2018 Global Pen Needles Market was valued at USD 2.05 billion. By the year 2023, it is predicted to reach USD 3.83 billion with pace of 11.18% CAGR.
Pen needles are used in conjunction with injection pens to deliver medications into the body. These needles offers many benefits when compared to other conventional needle and syringe device as they reduce the pain, self-administration and do not require expertise. A pen needle comprises of hollow needle attached to injection pen and these needles are available with various needle lengths.
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Factors affecting market growth:
Increasing number of diabetes and other chronic diseases across the globe. (+)
Advancements of technologies in healthcare services. (+)
Rising aging population globally. (+)
Growing awareness about pen needles among the global population. (+)
Favorable reimbursement policies. (+)
Introduction of advanced needles. (+)
Increasing investments for R&D activities. (+)
Presence of alternative drug delivery methods. (-)
Reuse of pen needles. (-)
Poor accessibility of pen needles over conventional syringes & vials. (-)
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Market Segmentation
The Global Pen Needles Market is geographically segmented into
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Europe has the largest market share in the Global Pen Needles Market followed by North America due to advancement of technologies, increasing of chronic diseases, and well-established healthcare facilities. Asia-Pacific is estimated to grow at the highest CAGR for Pen Needles Market during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/global-pen-needles-market-176/
Key players:
Major companies for Global Pen Needles Market are Becton, Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), and Ypsomed Holding AG (Switzerland), UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), Owen Mumford, Ltd. (U.K.), B. Braun Melsungen (Germany), Artsana S.p.a. (Italy), HTL-STREFA S.A. (Poland), and Terumo Corporation (Japan).
Pen needles are used in conjunction with injection pens to deliver medications into the body. These needles offers many benefits when compared to other conventional needle and syringe device as they reduce the pain, self-administration and do not require expertise. A pen needle comprises of hollow needle attached to injection pen and these needles are available with various needle lengths.
Request Report Sample: https://www.marketdataforecast.com/market-reports/global-pen-needles-market-176/request-sample
Factors affecting market growth:
Increasing number of diabetes and other chronic diseases across the globe. (+)
Advancements of technologies in healthcare services. (+)
Rising aging population globally. (+)
Growing awareness about pen needles among the global population. (+)
Favorable reimbursement policies. (+)
Introduction of advanced needles. (+)
Increasing investments for R&D activities. (+)
Presence of alternative drug delivery methods. (-)
Reuse of pen needles. (-)
Poor accessibility of pen needles over conventional syringes & vials. (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/global-pen-needles-market-176/customize-report
Market Segmentation
The Global Pen Needles Market is geographically segmented into
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Europe has the largest market share in the Global Pen Needles Market followed by North America due to advancement of technologies, increasing of chronic diseases, and well-established healthcare facilities. Asia-Pacific is estimated to grow at the highest CAGR for Pen Needles Market during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/global-pen-needles-market-176/
Key players:
Major companies for Global Pen Needles Market are Becton, Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), and Ypsomed Holding AG (Switzerland), UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), Owen Mumford, Ltd. (U.K.), B. Braun Melsungen (Germany), Artsana S.p.a. (Italy), HTL-STREFA S.A. (Poland), and Terumo Corporation (Japan).
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