Pen needles are used along with the injection pens so that it can deliver medicines to the body. They are of different lengths and are available in two variants- standard pen needles and safety pen needles. They are usually used by the diabetic patients so that they can inject insulin in their bodies. It is very easy to use& handle and is pain free. Increasing cases of diabetes worldwide is the factor fueling the growth of this market.
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Key Market Competitors:
Some of the major players in the global pen needles market include Becton, Dickinson and Company, ADW Diabetes, Novo Nordisk, A.Menarini Diagnostics, Ulticare, Ypsomed Holding AG, Facet Technologies, B. Braun Melsungen AG, Shanghai Neo-Medical Co. Ltd, HTL-Strefa S.A., Frank Healthcare Co., Ltd, Stat Medical Devices, Inc., Terumo Corporation, Domrex Pharma Inc., Vogt Medical Vertrieb GmbH, Artsana S.p.a, Eli Lilly, Owen Mumford Ltd, KD Medical GmbH Hospital Products, Allison Medical, Inc., Digital Medics Pty Ltd, and Ultimed, Inc. among others.
Increasing diabetic cases
This data represents the estimated percentage of Canadians aged 12 years and over who reported being diagnosed with diabetes from 2015 to 2017. In 2017, around 7.3 percent of Canadians reported that they had been diagnosed by a health professional as having diabetes.
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Global Pen Needles Market is expected to reach USD 4.5 billion by 2024
Global Pen Needles Market is Expected to Worth at CAGR of 11.6% to 2024
Pen Needles Market to witness high demand in the market due to increasing diabetic patient worldwide
Increasing Prevalence of Diabetes and Increasing Geriatric Population are Expected to Drive the Latin America Pen Needles Market in the forecast period of 2019 -2026
Global Pen Needles Market: Pen Needles to Maintain the Insulin Intake in Diabetic Patients
Increasing Prevalence of Diabetes and Rising Government Initiatives are Expected to Drive the Global Pen Needles Market in the forecast period of 2019 - 2026
The Global Lancet and Pen Needles Market is Projected to Grow at A CAGR of 9.75% During the Forecast Period