Pen Needles Market Revenue Drivers | Key Players and Opportunities | Forecast Report, 2025
The global pen needles market was valued at USD 1.5 billion in 2015, which is projected to grow at a CAGR of more than 13.0% during the forecast period.
(firmenpresse) - The global Pen Needles Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global pen needles market was valued at USD 1.5 billion in 2015, which is projected to grow at a CAGR of more than 13.0% during the forecast period. Pen needles helps in easy delivery of drug to the patient. They are used in conjunction with insulin pens because of its accuracy in dosage delivery and can be easily used visually impaired and elderly people.
Key Players:
Becton, Dickinson and Company
Novo Nordisk A/S
Ypsomed Holding AG
Owen Mumford, Ltd.
HTL-STREFA S.A.
Braun Melsungen
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Growth Drivers:
Rising prevalence of diabetes has led to the rise in demand of pen needles. According to the WHO, in 2014, 422 million people had diabetes and it is estimated that it would be the 7th leading cause of death in 2030. With the increase in population of this disorder, the market is estimated to grow rapidly over forecast period.
The rising number of overweight or obese people also contributes to the growth of the market. According to the Diabetes. Co. UK, obesity accounts for 80% to 85% chances of developing type 2 diabetes. Excess abdominal fat, increases the chances of having this type of disorder.
Technological advancements in pen needles are further expected to drive market growth. The market players are majorly focusing on developing new products with respect to the length of the needle.
Product Outlook:
Standard Pen Needles
Safety Pen Needles
Therapy Outlook:
Insulin
Glucagon-like-Peptide-1 (GLP-1)
Growth Hormone
Regional Insights:
In 2016, Europe dominated the market because of the growing prevalence of diabetes in the region. According to Diabetes UK, 4 million people are found to be suffering with diabetes. Moreover, the UK government is taking initiatives to raise awareness among people and invest in diabetes care and research so that better treatment techniques and facilities are available for diabetic patients.
Asia Pacific is expected to witness fastest growth over the forecast period owing to rising awareness about availability of technologically advanced products for treatment of diabetes. The changing lifestyle of people has also led to the increase in number of people with type 2 diabetes.
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Themen in dieser Pressemitteilung:
medical-devices
pen-needles-market
pen-needles-market-news
global-pen-needles-market-industry-size
pen-needles-market-share
pen-needles-market-demand
pen-needles-market-analysis
pen-needles-market-research
pen-needles-market-forecast-report
Unternehmensinformation / Kurzprofil:
Datum: 23.09.2020 - 12:58 Uhr
Sprache: Deutsch
News-ID 619928
Anzahl Zeichen: 3252
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 4086102300
Kategorie:
Medical Devices
Typ of Press Release: Financial
type of sending: don't
Date of sending: 23.09.2020
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