Pen Needles Market Worth $3.4 Billion by 2023 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 12, 2019 /PRNewswire/ — According to the new market research report “Pen Needles Market by Type (Standard Pen Needles and Safety Pen Needles), Needle Length (4mm, 5mm, 6mm,...

CHICAGO, Feb. 12, 2019 /PRNewswire/ — According to the new market research report Pen Needles Market by Type (Standard Pen Needles and Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP-1, Growth Hormone, and Others), Mode of Purchase (Retail, Non-Retail) – Global Forecasts to 2023″, published by MarketsandMarkets™, the Pen Needles Market is expected to reach USD 3.4 billion by 2023 from an estimated USD 2.0 billion in 2018, at a CAGR of 11.0% during the forecast period (2018–2023).

Don’t miss out on business opportunities in Pen Needles Market.

Growth in the Pen Needles Market is mainly driven by factors such as the growing prevalence of chronic diseases and the favorable reimbursement scenario in selected countries. The growing preference for biosimilar drugs is another factor providing a wide range of growth opportunities for key players in the market.

The standard Pen Needles segment is expected to account for the largest share of the market in 2018

On the basis of type, the market is segmented into standard and safety Pen Needles. In 2018, the standard Pen Needles segment is expected to account for the largest share of the Pen Needles Market. Growth in this market is attributed to the low cost of standard Pen Needles.

Browse in-depth TOC on “Pen Needles Market

87 – Tables

46 – Figures  

144 – Pages  

Get 10% Free Customization on this Report: 

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=75948613

The insulin therapy segment is expected to grow at the highest CAGR during the forecast period

On the basis of therapy, the Pen Needles Market is categorized into insulin therapy, glucagon-like peptide-1 (GLP-1) therapy, growth hormone therapy, and other therapies. The insulin therapy segment is expected to grow at the highest CAGR during the forecast period due to the high and growing diabetic population globally.

Europe dominated the Pen Needles Market in 2018

Europe is expected to dominate the Market in 2018. The large share of the European Pen Needles Market can primarily be attributed to the high diabetes expenditure and reimbursement in Germany, NHS support and access to Pen Needles at a subsidized cost in the UK, high insurance coverage in France, and supportive regulations in Spain.

Inquiry Before Buying: 

https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=75948613

The key players in the Pen Needles Market are Becton, Dickinson and Company (US), Novo Nordisk A/S (Denmark), Ypsomed Holding AG (Switzerland), B. Braun Melsungen AG (Germany), HTL-STREFA S.A. (Poland), Terumo Corporation (Japan), and Owen Mumford (UK).

 Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/pen-needles-market.asp 

Visit Our Website: https://www.marketsandmarkets.com

SOURCE MarketsandMarkets

Related Links

https://www.marketsandmarkets.com

Categories
Uncategorized
No Comment

Leave a Reply

*

*

RELATED BY