DUBLIN, July 07, 2021–(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 anticipated to succeed in USD 2.2 Billion by 2026 from an estimated USD 1.3 Billion in 2021, at a CAGR of 11.2%. Development available in the market is essentially pushed by the rising prevalence of power ailments and the favorable reimbursement state of affairs in chosen nations. Then again, the choice for various modes of drug supply, poor reimbursement in creating nations, and needle anxiousness are anticipated to restrain the general market progress. The rising choice for biosimilar medicine and rising markets are areas of alternative available in the market. The challenges confronted by the market are reuse of pen needles and misuse of injection pens.
Based mostly on sort, the pen needles market is segmented into commonplace and security pen needles. In 2020, the usual pen needles section 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 value of ordinary pen needles has additionally led to their vast adoption in rising economies comparable to 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 section accounted for the most important share within the pen needles market. The big share of this section is principally attributed to the vast 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, progress 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 section can also be anticipated to develop on the highest fee throughout the forecast interval.
The report analyzes the pen needles market and goals at estimating the market dimension and future progress potential of this market primarily based on varied segments comparable to sort, size, remedy, mode of buy, and area. The report additionally features a product portfolio matrix of varied pen needles out there available in the market. The report additionally gives a aggressive evaluation of the important thing gamers on this market, together with their firm profiles, product choices, and key market methods.
This report contains:
Market Penetration: Complete info on product portfolios provided by the highest gamers within the world pen needles market. The report analyzes this market by sort, remedy, size, and mode of buy
Product Enhancement/Innovation: Detailed insights on upcoming developments and product launches within the world pen needles market
Market Growth: Complete info on the profitable rising markets by sort, remedy, size, and mode of buy
Market Diversification: Exhaustive details about new merchandise or product enhancements, rising geographies, current developments, and investments within the world pen needles market
Aggressive Evaluation: In-depth evaluation of market shares, progress methods, product choices, aggressive management mapping, and capabilities of main gamers within the world pen needles market.
Key Matters Lined:
2 Analysis Methodology
3 Govt Abstract
4 Premium Insights
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Rising Prevalence of Power Illnesses
18.104.22.168 Favorable Reimbursement in Choose Nations
22.214.171.124 Desire for Various Modes of Drug Supply
126.96.36.199 Poor Reimbursement State of affairs in Creating Nations
188.8.131.52 Needle Nervousness
184.108.40.206 Rising Desire for Biosimilar Medication
220.127.116.11 Rising Markets
18.104.22.168 Reuse of Pen Needles
22.214.171.124 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
Allison Medical, Inc.
B. Braun Melsungen Ag
Becton, Dickinson and Firm
Berpu Medical Expertise
Hindustan Syringes and Medical Gadgets
Hyperlinks Medical Merchandise
Mhc Medical Merchandise
Novo Nordisk A/S
Promisemed Diabetes Care
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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