Pen Needles Market by Type, Geographical analysis And Major Key Players

The Global Pen Needles Market is expected to reach $2.81 billion, at a CAGR of 11.2%

A 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 market during the forecast period.

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Pen Needles Market

                                                                           Pen Needles Market

The Pen Needles Market is segmented on the basis of type, needle length, therapy, and mode of purchase. By type, the market is categorized into standard and safety pen needles.

Pen Needles Market by Type:

Based on the type, the pen needles market is categorized into standard pen needles and safety pen needles. The standard pen needles segment is expected to account for the largest share of the pen needles market. However, the safety pen needles segment is projected to grow at a higher CAGR during the forecast period.

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Geographical analysis for Pen Needles Market:

Geographically, 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 major players in the global pen needles market:

include Becton, Dickinson and Company (U.S.), Novo Nordisk (Denmark), Ypsomed Holding AG (Switzerland), B. Braun Melsungen AG (Germany), HTL-Strefa S.A. (Poland), Terumo Corporation (Japan), Artsana S.p.a (Italy), Owen Mumford Ltd (U.K.), Allison Medical, Inc. (U.S.), and Ultimed, Inc. (U.S.).

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