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Pen needles market projected to reach US$ 2.81 billion by 2021 according to new research report

Pen needles market projected to reach US$ 2.81 billion by 2021 according to new research report

The pen needles market report analyzes the market based on type, needle length, therapy, and mode of purchase. Detailed insights on upcoming technologies, research and development activities, and new product launches in the pen needle market. In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the pen needles market.

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Complete report on Pen Needles Market spread across 185 Pages, Profiling 11 Companies and Supported with 102 Tables and 53 Figures is now available at www.reportsnreports.com/reports/31…cast-to-2019.html .

Pen needles market is projected to reach USD 2.81 Billion by 2021 from USD 1.65 Billion in 2016, growing at a CAGR of 11.2% during the forecast period of 2016 to 2021. Growth in market can be attributed to favorable reimbursement environment and government support in selected countries.

Research is useful for following target audience

  • Manufacturing companies of pen needles, insulin pens, injectable drug delivery devices, & diabetes supplies
  • Suppliers and distributors of pen needles, insulin pens, injectable drug delivery devices, and diabetes supplies
  • Research institutes and academic centers
  • Pharmaceutical and biopharmaceutical companies
  • Biotechnology companies
  • Authorities framing reimbursement policies for pen needles
  • Business research and consulting service providers
  • Venture capitalists

8mm pen needles segment is expected to account for largest share of pen needles market, by needle length, in 2016.

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Insulin therapy segment is expected to dominate pen needles market, by therapy, in 2016.

Growth in insulin therapy segment can be attributed to increasing use of insulin by diabetic population and increasing awareness about insulin self-administration among type 1 and type 2 diabetes patients.

Report at www.reportsnreports.com/contacts/r….aspx?name=313502 .

Global pen needles market witness’s high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (new product launches, acquisitions, and geographical expansions) to increase their market shares and to establish a strong foothold in the global market.

Global Market Drivers

1 Favorable Reimbursement Environment and Government Support in Selected Countries

2 Advantages of Insulin Pens Over Syringes and Vials

3 Technological Advancements

4 Growing Diabetic Population

5 Conferences, Meetings, and Congresses to Create Pen Needle Awareness

Prominent players in pen needles market include Becton, Dickinson, and Company (U.S.), Novo Nordisk A/S (Denmark), Ypsomed Holdings AG (Switzerland), Owen Mumford, Ltd. (U.K.), HTL-STREFA S.A. (Poland), B.

Braun Melsungen (Germany), Terumo Corporation (Japan), UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), and Artsana S.p.a.

(Italy).

Report: www.reportsnreports.com/contacts/.aspx?name=313502 .

Pen needles market, based on needle length, is segmented into 4mm, 5mm, 6mm, 8mm, 10mm, and 12mm. 8mm needle length segment is expected to account for largest share of market in 2016.

However, pen needles with 4mm length are expected to grow at highest CAGR in market, by needle length. Growth in this segment can be attributed to increasing adoption of pen needles of shorter length and technological advancements in 4mm pen needles.

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Complete report on Pen Needles Market spread across 185 Pages, Profiling 11 Companies and Supported with 102 Tables and 53 Figures is now available at www.reportsnreports.com/reports/31…cast-to-2019.html .

Pen needles market is projected to reach USD 2.81 Billion by 2021 from USD 1.65 Billion in 2016, growing at a CAGR of 11.2% during the forecast period of 2016 to 2021. Growth in market can be attributed to favorable reimbursement environment and government support in selected countries.

Research is useful for following target audience

·Manufacturing companies of pen needles, insulin pens, injectable drug delivery devices, & diabetes supplies

·Suppliers and distributors of pen needles, insulin pens, injectable drug delivery devices, and diabetes supplies

·Research institutes and academic centers

·Pharmaceutical and biopharmaceutical companies

·Biotechnology companies

·Authorities framing reimbursement policies for pen needles

·Business research and consulting service providers

·Venture capitalists

8mm pen needles segment is expected to account for largest share of pen needles market, by needle length, in 2016. Insulin therapy segment is expected to dominate pen needles market, by therapy, in 2016.

Growth in insulin therapy segment can be attributed to increasing use of insulin by diabetic population and increasing awareness about insulin self-administration among type 1 and type 2 diabetes patients.

Report:

www.reportsnreports.com/contacts/r….aspx?name=313502 .

Global pen needles market witness’s high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (new product launches, acquisitions, and geographical expansions) to increase their market shares and to establish a strong foothold in the global market.

Global Market Drivers

1 Favorable Reimbursement Environment and Government Support in Selected Countries

2 Advantages of Insulin Pens Over Syringes and Vials

3 Technological Advancements

4 Growing Diabetic Population

5 Conferences, Meetings, and Congresses to Create Pen Needle Awareness

Prominent players in pen needles market include Becton, Dickinson, and Company (U.S.), Novo Nordisk A/S (Denmark), Ypsomed Holdings AG (Switzerland), Owen Mumford, Ltd. (U.K.), HTL-STREFA S.A. (Poland), B.

Braun Melsungen (Germany), Terumo Corporation (Japan), UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), and Artsana S.p.a.

(Italy).

Report: www.reportsnreports.com/contacts/.aspx?name=313502 .

Pen needles market, based on needle length, is segmented into 4mm, 5mm, 6mm, 8mm, 10mm, and 12mm. 8mm needle length segment is expected to account for largest share of market in 2016.

However, pen needles with 4mm length are expected to grow at highest CAGR in market, by needle length. Growth in this segment can be attributed to increasing adoption of pen needles of shorter length and technological advancements in 4mm pen needles.

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