In Pen Needles Market the number of factors such as the favorable reimbursement environment and government support in selected countries; advantages of insulin pens over syringes and vials; technological advancements to minimize pain and needle anxiety; growing diabetic population; and conferences, meetings, and congresses to create pen needle awareness are expected to drive the growth of the pen needles
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Geographical Analysis;
the global pen needles market is divided into North America, Europe, Asia, and the Rest of the World (Latin America, Pacific countries, the Middle East, and Africa). Europe is expected to account for the largest share of the pen needles market in 2016, followed by North America, Asia, and the Rest of the World. The Asian market is projected to grow at the highest CAGR and serves as a revenue pocket for companies offering pen needle products
The pen needles market is categorized into standard and safety pen needles. The standard pen needles segment is expected to account for the largest share of the market in 2016. The large share of this segment can be attributed to the low cost of these instruments and increasing adoption in emerging nations. However, the safety pen needles segment is projected to grow at the highest CAGR during the forecast period.
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Detailed Geographical Analysis for North America, Europe & Rest of the world:
Pen Needles Market, By Region;
11.1 Introduction
11.2 North America
11.2.1 U.S.
11.2.1.1 Growing Diabetes Prevalence and Favorable Reimbursement Scenario for Pen Needles
11.2.1.2 Federal Initiatives to Stimulate the U.S. Pen Needles Market
11.2.1.3 Focus of Leading Players on Increasing Market Penetration in the U.S
11.3 Europe
11.3.1 Germany
11.3.1.1 Regulatory Framework to Minimize Needlestick Injuries & Boost Use of Safety-Engineered Devices
11.3.1.2 High Diabetes Prevalence and Reimbursement for Pen Needles
11.3.2 U.K.
11.3.2.1 Activities to Pool Funds for Diabetes Care & Research
11.3.3 France
11.3.3.1 Conferences and Exhibitions to Increase Exposure for Pen Needles Players in French Market
11.3.3.2 Higher Insurance Coverage and Increase in Aging Population and Affordability
11.3.4 Italy
prominent players in the global pen needles market:
Becton, Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), Ypsomed Holding 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).
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