LAS VEGAS, Nov. 22, 2017 (GLOBE NEWSWIRE) -- Global market for pen needle is projected to be around $4.9 billion in 2025. Rising incidence of diabetes worldwide is the major factor driving the market. According to International Diabetes Federation (IFD), approximately 415 million people were suffering from diabetes in 2015. Such a high occurrence of diabetes within people is the major factor that contributes to the market growth. In addition, increasing obesity and related disorders among population is another important factor for the market growth. Such population forms target customer for companies manufacturing pen needles.
Market is expected to grow further by technological advances and up gradation. Pen needle allow comfort and easy mode of insulin delivery which is one of the strong drivers for market growth. These devices are technologically advanced and provide superior alternative drug injection method in comparison to traditional syringes and vials.
Scope of the Report
This report focuses on the Pen Needle in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. This report covers collaborations in the field along with new product launches, competitive landscape analysis listing out the mergers, acquisitions, comparative financial studies and recent strategic developments in the market by the major companies.
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The report Pen Needle Market render a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Pen Needle Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.
Major Market Players
- Terumo Corporation
- Ulti Med Inc.
- Allison Medical Inc.
- Ypsomed Holding AG
- Owen Mumford Ltd.
- Becton
- Dickinson and Company
- Novo Nordisk A/S
- HTL-STREFA S.A. and Artsana S.p.a.
- B. Braun Melsungen
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Table of Contents
- Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research - Executive Summary
2.1. Key Highlights - Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. High Occurrence of Diabetes
3.3.1.2. Increasing Obesity
3.3.1.3. Technological Advancements
3.3.2. Restraints
3.3.2.1. Availability of Alternative Drug Delivery Methods
3.3.3. Opportunities
3.3.3.1. Emerging Market toOffer Lucrative Growth Opportunities
3.4. Industry Trends
3.5. Reimbursement Scenario - Pen Needle Market, By Application
- Pen Needle Market, By Region
- Company Profiles
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Efficiency of this Report
The report Pen Needle Market by Manufacturers focuses on fundamental segments of this sector. This report consists of Segment wise in-depth analysis in terms of product, application and end user along with market size forecasts and estimations to perceive significant areas of industry growth in detail. Additionally, an executive summary, condensing the entire report in such a way that decision-making team can swiftly become familiar with background information, summarizing analysis and main conclusions.
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