Worldwide Pen Needles Market Ready to Set outstanding Growth from 2018 to 2025


Posted June 28, 2018 by ratandasgupta

The market is projected to demonstrate a sound growth by 2025, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2018-2025).

 
Global Pen Needles Market Forecasts to 2025 can be segmented into type, length, end user, and region. Based on the type, the market can be categorized as safety and standard pen needles. The standard pen needles are the needles with no safety tip of automatic needle disposal mechanism. These are the needles with higher penetration in the market. However, the market for safety pen needles is expected to witness a steep growth rate in during the forecast period, owing to mandates & regulations for the use of safety needles in hospitals in Europe & US and rise in number of needle stick injures across the globe.

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Pen Needles are the needles of insulin injection pens. Insulin pens & pen needles are widely used by Diabetes population across the globe. Insulin pen needles are to be disposed after use. These pen needles are available in various lengths and gauge sizes for various population groups. In the recent years, pen needles are replacing the insulin syringes owing to their ease of use.

The Pen needles market has been witnessing significant growth over the past few years owing to rise in diabetic population, increasing awareness on advantages of pen needles, availability of reimbursement in western countries, and growing geriatric population. In addition, mandates and regulations for the usage of safety pen needles in US and European countries are expected to bolster the market growth in the coming years. Furthermore, increasing interest of key players in the development of shorter needles for low cost is expected to offer significant growth opportunities during next few years. However, re-use of same pen needle in low-income countries and rising number of needle stick injuries are expected to restraint the market growth during the forecast period.

Top Players:-
• BD
• Novo Nordisk
• Ypsomed Holding AG
• B. Braun Melsungen AG
• HTL-Strefa S.A.
• Terumo Corporation
• Artsana S.p.a, Owen Mumford Ltd
• Allison Medical, Inc.
• Ultimed, Inc

Get more details @ https://globalmarketforecasts.com/selectedReport/17/Global-Pen-Needles-Market-Analysis-and-Forecasts-to-2025

The report provides forecast and analysis of the global pen needles market. It provides market overview of global pen needles market of in terms of revenue (in US$). Furthermore, the report includes drivers, restraints, trends and opportunity of the pen needles market and their impact on each country during the forecast period.

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Last Updated June 28, 2018