Comprehensive Study On Pen Needle Market By Knowledge Sourcing Intelligence

Pen Needle Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2025

DESCRIPTION The pen needle market is expected to grow at a CAGR of 11.28% over the forecast period to reach a total market size of US$2,371.768 million by 2025, increasing from US$1,249.021 million in 2019. Pen needles are widely used to deliver injectable medication into the body. The growing prevalence of the chronic disease is expected to be one of the prime drivers for the growth of the market during the forecast period. However, the availability of substitutes is anticipated to restrain the growth of the market in the coming years.

Some Key Questions Answered By The Report

▪What will be Pen Needle s Market from 2020 to 2025?

▪How are the major drivers and restraints affecting the Pen Needle Market.

▪Growth and the opportunities which exist for key vendors?

▪Which segment and region will drive or lead the market growth and why?

Rising Demand Which Impact On Market Growth The rising prevalence of chronic diseases such as cancer and diabetes is expected to be one of the prime drivers for the growth of the market during the forecast period.

According to the International Diabetes Federation report, the number of people with diabetes under the age group of 20-79 years has risen from 151 million in 2000 to 425 million in 2017. In addition, the rising economic burden of diabetes coupled with increasing healthcare expenditure around the globe is also anticipated to increase

the demand for rapid diagnostic kits for glucose monitoring in the coming years.

According to the International Diabetes Federation (IDF), global health care expenditure on diabetes was around USD 727 billion in 2017 which represents a growth of 7%, which directly fuels the growth of the market.

Geography

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North America

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United States

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Canada

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Mexico

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Others

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South America

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Brazil

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Argentina

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Others

GEOGRAPHY Europe 

Germany

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France

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Italy

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United Kingdom

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Others

Middle East and Africa 

Israel

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Saudi Arabia

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UAE

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Others

Asia Pacific 

Japan

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China

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India

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Others

SEGMENT ANALYSIS

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We have included all segments of this market in market research report.

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The Pen Needle market has been segmented by type, length, therapy, distribution channel and geography.

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For complete segment information visit us

https://www.knowledge-sourcing.com/report/pen-needle-market

CONCLUSION

ď‚Ą Major players in the Pen Needle market have been covered along with their

relative competitive position and strategies. ď‚Ą The report also mentions recent deals and investments of different market

players over the last year. ď‚Ą The company profiles section details the business overview, financial

performance for the past three years, key products and services being offered along with the recent developments of these important players in the Pen Needle market.

COMPANY PROFILES Ypsomed Becton, Dickinson and Company Glucorx Braun Melsungen

Novo Nordisk HTL-Strefa Ultimed Allison Medical, Inc.

Terumo Corporation Owen Mumford, Ltd.

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