The rising prevalence of chronic diseases such as diabetes coupled with rise in the diabetic population globally are the key factors driving the pen needles market. The increasing demand for safety injections has led to the technological advances in the market.
To request a sample copy or view summary of this report, click the link below:
As of 2013, the standard needle segment covered the largest revenue share in the market. The cost effectiveness of standard needles is the major factor towards the growth of this segment. Safety needles are presumed to grow rapidly over the next six years. The insulin therapy segment has witnessed a high growth in 2013 and is expected to sustain its high growth rate during the forecast period owing to increasing incidences of pancreas dysfunction in the body. The 6mm pen needle is expected to cover largest revenue share over the next six years owing to the increased use and adjustability of this needles. The 4mm needles are expected to grow rapidly during the forecast period. Europe dominates the pen needles market. The beneficial share of this region is due to the increasing incidences of diabetes coupled with the favorable recompensement scenario. North America is expected to witness the fastest growth over coming six years. Asia Pacific is expected to achieve leadership position in terms of value owing to the increasing patient awareness levels and increasing incidences of needlestick injuries in this region.
To request a sample copy or view TOC of this report, click the link below:
The major market players includes Ultimed Inc, Owen Mumford Ltd., Allinson Medical Inc., Terumo Corporation, Artsana S.p.a, HTL Strefa S.A, Ypsomed Holding AG, Becton, B. Braun Melsungen AG, Dickinson and Company and Novo Nordisk.
About Grand View Research:
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.
For more information, visit http://www.grandviewresearch.com/
Corporate Sales Specialist, USA
Grand View Research, Inc
- Global Application Server Market Analysis, Size, Share, Growth To 2020 by PTA Newsroom.
- Vertical Farming, Plant Factory Market To 2020 – Industry Analysis, Trends: PTA Newsroom.
- Low Iron Glass for Concentrating Solar Power (CSP) Market To 2020 – Market Size, Growth, Trends: PTA Newsroom.
- Concentrating Solar Power CSP Systems Market Size, Analysis, Trends To 2020 by PTA Newsroom.
- Turfing Vendor Wireless Communications Market To 2020 – Market Share, Growth, Trends: PTA Newsroom.
- Semiconductor Wireless Sensor Internet of Things (IoT) Market Trends, Company Share To 2020: PTA Newsroom.
- Hospital Patient Multi-Parameter Monitors Industry to 2019 – Market Outlook, Industry Growth: PTA Newsroom.