-- 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).
Download Sample Papers of Pen Needles Market spread across 185 Pages, Profiling 11 Companies and Supported with 102 Tables and 53 Figures is now available at http://www.reportsnreports.com/contacts/requestsample.aspx?name=313502 .
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 expected to account for largest share of pen needles market, by needle length, in 2016. Insulin therapy segment 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 & increasing awareness about insulin self-administration among type 1 & type 2 diabetes patients.
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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.
Competitive Landscape
1 Overview
2 Market Share Analysis
3 Becton, Dickinson & Co.
4 Novo Nordisk A/S
5 Ypsomed Holding AG
6 Competitive Situation and Trends
7 Marketing and Promotion
8 Expansion
9 Product Launch
In-depth assessment of Pen needles market shares, strategies, products, distribution networks, & manufacturing capabilities of leading players in pen needles market. Pen needles market report analyzes market based on type, needle length, therapy, & mode of purchase. Detailed insights on upcoming technologies, research and development activities, & new product launches in pen needle market.
Click now for more Details, Queries, Other Information on this study “Pen Needles Market by Type (Standard Pen Needles, Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) - Trends & Global Forecasts to 2021” report @ http://www.reportsnreports.com/purchase.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.
Research Methodology
1 Research Methodology Steps
2 Secondary and Primary Research Methodology
3 Secondary Research
4 Primary Research
5 Key Data From Primary Sources
6 Key Insights From Primary Sources
7 Key Industry Insights
8 Market Size Estimation Methodology
9 Market Data Validation and Triangulation
10 Assumptions for the Study
Europe is expected to account for the largest share in the pen needles market in 2016, followed by North America, Asia, and the Rest of the World (RoW). The large share of the European region can be attributed to EU’s Directive on the prevention of sharp injuries in hospitals and the healthcare sector; regulatory frameworks to minimize needle stick injuries & boost the use of safety-engineered devices.
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