Pen Needles Market Report 2021-26: Industry Overview, Share, Growth, Analysis & Future Scope
According to the latest report by IMARC Group, titled “Pen Needles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market to grow at a CAGR of XX% during 2021-2026.
Pen
needles are injector pens that are used for delivering medication into the body
of a patient. They consist of hollow needles embedded in a plastic body that is
connected to the injection pen. Pen needles are used by health professionals
and patients who are suffering from diabetes. Nowadays, they are available in a
variety of needle lengths and diameters. Pen needles are manufactured with fine
and thin point tips made by electro-polishing the needles to offer ease of use
and penetration. They also have plastic caps for safety and lubrication for
easy glide and less friction.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Pen Needles
Market Trends:
The
pen needles market is primarily driven by the rising prevalence of chronic and
lifestyle diseases like diabetes, osteoporosis, cardiovascular diseases, and
multiple sclerosis. In addition, pen needles are cost-effective, portable, and
do not require refrigeration for daily or weekly drug administration through
pen injectors. Besides this, pen injectors are gaining popularity as the new
standard for injectable drug delivery systems due to their simplicity,
reliability, and the ability to be administered directly by the patient without
the aid of a physician. Furthermore, factors such as the rising geriatric
population, inflating healthcare expenditure, and favorable government policies
are some of the other factors that are expected to significantly impact the
market in the coming years.
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Pen Needles
Market 2021-2026 Analysis and
Segmentation:
Competitive
Landscape:
The competitive landscape
of the market has been studied in the report with the detailed profiles of the
key players operating in the market.
A. Menarini Diagnostics srl, Advancare
Pharma, Arkray Inc., B. Braun Melsungen AG, Becton Dickinson and Company,
Hindustan Syringes & Medical Devices Ltd., HTL Strefa SA, Novo Nordisk A/S,
Owen Mumford Ltd., Simple Diagnostics, Trividia Health Inc. (Sinocare) and
Ultimed Inc.
The report has segmented
the market on the basis on region, disc type, material type and end user.
Breakup
by Type:
·
Standard Pen Needles
·
Safety Pen Needles
Breakup
by Needle Length:
·
4mm
·
5mm
·
6mm
·
8mm
·
10mm
·
12mm
Breakup
by Therapy:
·
Insulin
·
GLP-1
·
Growth Hormones
Breakup
by Mode of Purchase:
·
Retail
·
Non-Retail
Breakup
by End User:
·
Hospitals and Clinics
·
Home Healthcare
·
Others
Breakup
by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
·
Middle
East and Africa
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Analyst for Customization and Explore Full Report with TOC & List of
Figure: https://www.imarcgroup.com/pen-needles-market
Key
highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-
2026)
- Porter’s Five Forces
Analysis
- Market Drivers and
Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping
of the Competitive Landscape
If you need specific
information that is not currently within the scope of the report, we can
provide it to you as a part of the customization.
If you want latest primary
and secondary data (2021-2026) with Cost Module, Business Strategy,
Distribution Channel, etc. Click request free sample report, published report
will be delivered to you in PDF format via email within 24 to 48 hours of
receiving full payment.
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