Global Pen Needles Market: Industry Type, Size, Share Industry Forecast 2025


Posted August 18, 2020 by pranitahakim

The global pen needles market was valued at USD 1,450.0 million in 2019 and is expected to grow at a CAGR of 11.7% over the forecast period.

 
The global pen needles market was valued at USD 1,450.0 million in 2019 and is expected to grow at a CAGR of 11.7% over the forecast period. The global pen needles market is projected to grow on account of the growing prevalence of diabetes coupled with the growing need for minimally invasive procedures. According to IDF Diabetes Atlas Ninth edition 2019, approximately 463 million adults (20 to 79 years) are living with diabetes which is anticipated to surpass the mark of 700 million by 2045. Furthermore, in the year 2019; USD 760 billion was spent on healthcare expenditure towards diabetes. All these factors are anticipated to augur market growth over the forecast period.

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Adroit Market Research report on global Pen Needles market gives a holistic view of the market from 2015 to 2025, which includes factors such as market drivers, restraints, opportunities, and challenges. The market has been studied for historic years from 2015 to 2019, with the base year of estimation as 2019 and forecast from 2020 to 2025. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market competition with Porter’s five forces analysis and company positioning based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global Pen Needles market have been studied in detail.
North America currently holds the majority of the market share owing to the prevalence of diabetes, the presence of a significant number of major players across the region along with growing investments by the established firms. Furthermore, Asia Pacific is anticipated to grow with the highest CAGR owing to the growing patient pool, rising healthcare expenditure, rising disposable income, and growing awareness across the region.

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The prominent players operating in global Pen Needles market includes B. Braun Melsungen AG, Ypsomed AG, Owen Mumford Ltd., Novo Nordisk A/S, BD, Terumo Corporation, Allison Medical, Inc., UltiMed, Inc., HTL-Strefa, Arkray, Inc. among other prominent players.
Key segments of the global pen needles market
Product Overview, 2015-2025 (USD Million)
• Standard Pen Needles
• Safety Pen Needles
Needle Length Overview, 2015-2025 (USD Million)
• 4mm
• 5mm
• 6mm
• 8mm
• 10mm
• 12mm
Therapy Overview, 2015-2025 (USD Million)
• Insulin
• Glucagon-like-Peptide-1 (GLP-1)
• Growth Hormone
Regional Overview, 2015-2025 (USD Million)
• North America
o U.S.
o Canada
• Europe
o Germany
o United Kingdom
o France
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Central and South America
o Brazil
o Mexico
o Rest of Central and South America
• Middle East & Africa
o GCC
o Rest of Middle East and Africa

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Reasons for the study
• The purpose of the study is to give an exhaustive outlook of the global pen needles industry
• The overall segmentation of pen needles market, especially key segments are thoroughly studied.
• Presence of major players and their wide product portfolio across developed countries is anticipated to further boost the growth of pen needles market
What does the report include?
• The study on the global Pen Needles market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
• Additionally, the market competition has been evaluated using the Porter’s five forces analysis
• The study covers qualitative and quantitative analysis of the market segmented on the basis of applications, product, technology and end user. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the considered segments
• The study includes the profiles of key players in the market with a significant global and/or regional presence

About Us :

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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Issued By Ryan Johnson
Phone +91 9665341414
Business Address 3131 McKinney Ave Ste 600, Dallas, TX 75204, U.S.A
Country United States
Categories Advertising , Business
Tags global pen needles market , pen needles , pen needles market
Last Updated August 18, 2020