Pen Needles Market by Type, Needle Length, & Therapy - 2019

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Pen Needles Market by Type, Needle Length, & Therapy - 2019

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The “Pen Needles Market by Type (Standard and Safety), by Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, and 12mm), by Therapy (Insulin, Glucagon-like peptide, Growth Hormones) - Analysis & Global Forecast to 2019�analyzes and studies the major market drivers, threats, opportunities, and challenges.

Browse 101 market data tables and 51 figures spread through 185 pages and in-depth TOC http://www.marketsandmarkets.com/Market-Reports/pen-needles-market75948613.html Early buyers will receive 10% customization in this report.

This report studies the global pen needles market for the forecast period of 2014 to 2019.This market is expected to reach $2,105 million by 2019 from$1,283 million in 2014, and is poised to grow at a CAGR of 10.4% during the forecast period.

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The global pen needles market is segmented on the basis of type, needle length, therapy, and region. By 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, by type. However, the safety pen needles segment is expected to grow at the fastest rate in the pen needles market, by type.

On the basis of needle length, the pen needles market is divided into 4mm, 5mm, 6mm, 8mm, 10mm, and 12mm.Pen needles with 6mmlength is expected to account for the largest share of the market, by needle length. However, the pen needles with 4mm length are expected to grow at the fastest rate in the pen needles market, by needle length.

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The pen needles market, by therapy is segmented into insulin, Glucagon-like peptide (GLP), and growth hormones. Insulin therapy is the largest (2014) and fastest (2014-2019) growing market of the pen needles market, by therapy.

The key factors that are expected to spur the growth of this market are the rising global diabetic population, favorable reimbursement scenario in North America and Europe, technological advancements, and awareness campaigns and conferences to improve diabetes care and adoption of pen needles. However, poor reimbursement structure in developing countries, rising incidents of needlestick injuries (NSIs), and threats involved in reuse of pen needles are hindering the market growth.

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The market is dominated by Europe, followed by North America, Asia, and Rest of the World (RoW). Asia is expected to reach leadership position in terms of the value by 2019.

Some of 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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