DUBLIN–(BUSINESS WIRE)–The “Pen Needles Market by Type (Standard Pen Needles, Safety Pen Needles), Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP 1, Growth Hormone), and Mode of Purchase (Retail, Non-Retail) – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s providing.
The pen needles market is predicted to achieve USD 2.2 Billion by 2026 from an estimated USD 1.3 Billion in 2021, at a CAGR of 11.2%. Development out there is basically pushed by the rising prevalence of continual ailments and the favorable reimbursement state of affairs in chosen nations. However, the choice for various modes of drug supply, poor reimbursement in creating nations, and needle nervousness are anticipated to restrain the general market development. The rising choice for biosimilar medication and rising markets are areas of alternative out there. The challenges confronted by the market are reuse of pen needles and misuse of injection pens.
Based mostly on kind, the pen needles market is segmented into commonplace and security pen needles. In 2020, the usual pen needles phase accounted for the most important share within the pen needles market. Customary pen needles are most well-liked over security pen needles as they’re extra reasonably priced, particularly contemplating the necessity for day by day insulin consumption. The low price of normal pen needles has additionally led to their huge adoption in rising economies resembling China, India, and Brazil, the place the usage of security pen needles is low to negligible.
Based mostly on size, the market is segmented into 4mm (5/32”), 5mm (3/16”), 6mm (1/4”), 8mm (5/16”), 10mm, and 12mm (1/2”). In 2020, the 8mm phase accounted for the most important share within the pen needles market. The big share of this phase is principally attributed to the huge adoption of those needles amongst diabetes sufferers.
Based mostly on remedy, the market is categorized into insulin remedy, glucagon-like peptide-1 (GLP-1) remedy, development hormone remedy, and different therapies (osteoporosis, thyroid, weight problems). In 2020, insulin remedy held most of the worldwide pen needles market, primarily because of the excessive and rising diabetic inhabitants globally. This phase can also be anticipated to develop on the highest charge in the course of the forecast interval.
The report analyzes the pen needles market and goals at estimating the market measurement and future development potential of this market based mostly on numerous segments resembling kind, size, remedy, mode of buy, and area. The report additionally features a product portfolio matrix of varied pen needles out there out there. The report additionally supplies a aggressive evaluation of the important thing gamers on this market, together with their firm profiles, product choices, and key market methods.
This report consists of:
- Market Penetration: Complete data on product portfolios supplied by the highest gamers within the international pen needles market. The report analyzes this market by kind, remedy, size, and mode of buy
- Product Enhancement/Innovation: Detailed insights on upcoming traits and product launches within the international pen needles market
- Market Improvement: Complete data on the profitable rising markets by kind, remedy, size, and mode of buy
- Market Diversification: Exhaustive details about new merchandise or product enhancements, rising geographies, current developments, and investments within the international pen needles market
Aggressive Evaluation: In-depth evaluation of market shares, development methods, product choices, aggressive management mapping, and capabilities of main gamers within the international pen needles market.
Key Matters Coated:
2 Analysis Methodology
3 Govt Abstract
4 Premium Insights
5 Market Overview
5.2 Market Dynamics
18.104.22.168 Rising Prevalence of Persistent Ailments
22.214.171.124 Favorable Reimbursement in Choose Nations
126.96.36.199 Desire for Various Modes of Drug Supply
188.8.131.52 Poor Reimbursement State of affairs in Creating Nations
184.108.40.206 Needle Nervousness
220.127.116.11 Rising Desire for Biosimilar Medicine
18.104.22.168 Rising Markets
22.214.171.124 Reuse of Pen Needles
126.96.36.199 Misuse of Injection Pens
5.3 Pricing Evaluation
5.4 Worth Chain Evaluation
5.5 Ecosystem Market Map
5.6 Porter’s 5 Forces Evaluation
5.7 Provide Chain Evaluation
5.8 Regulatory Evaluation
5.9 Affect of COVID-19 on the Pen Needles Market
5.10 Patent Evaluation
5.11 Expertise Evaluation
6 Pen Needles Market, by Sort
7 Pen Needles Market, by Size
8 Pen Needles Market, by Remedy
9 Pen Needles Market, by Mode of Buy
10 Pen Needles Market, by Area
11 Aggressive Panorama
12 Firm Profiles
- Advacare Pharma
- Allison Medical, Inc.
- Artsana Group
- B. Braun Melsungen Ag
- Becton, Dickinson and Firm
- Berpu Medical Expertise
- Hindustan Syringes and Medical Gadgets
- Hyperlinks Medical Merchandise
- Mhc Medical Merchandise
- Nipro Company
- Novo Nordisk A/S
- Owen Mumford
- Promisemed Diabetes Care
- Easy Diagnostics
- Terumo Company
- Trividia Well being
- Van Heek Medical
- Vogt Medical Vertrieb
Ypsomed Holding Ag
For extra details about this report go to https://www.researchandmarkets.com/r/8ihm2k
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