Latin America Pen Needles Market By Product Type(Safety pen needles, Standard pen needles), Product Length (Medium length, Long length, Nano length), Usability (Disposable, Reusable), Application (Diabetes, Growth hormone deficiency), Therapy (Insulin, Glucagon-Like Peptide-1, Growth Hormones), End User (Home Healthcare, Hospitals, Clinics), Country (Brazil, Mexico, Argentina, Chile, Uruguay, Peru, Paraguay, Colombia, Ecuador, Panama, Bolivia, Venezuela) – Industry Trends and Forecast to 2026
Pen needles are used with pen devices to deliver injectable drug. Two type of pen needle are available in the market, safety pen needles and standard pen needles. Pen needle is available three different needle lengths which are medium length, nano length, and long length. There are various pen needles available in the market such as disposable, reusable which is used to inject insulin and growth hormone in diabetes and growth hormone deficiency respectively.
Latin America pen needles market is projected to register a substantial CAGR in the forecast period 2019 to 2026.
Segmentation: Latin America Pen Needles Market
Latin America pen needles market is segmented into six notable segments which are basis of product type, product length, usability, application, therapy, and end user.
- On the basis of product type, the market is segmented into safety pen needles and standard pen needles
- On the basis of product length, the market is segmented into medium length, nano length and long length
- On the basis of usability, the market is segmented into disposable, reusable
- On the basis of application, the market is segmented into diabetes, growth hormone deficiency and others
- On the basis of therapy, the market is segmented into insulin, glucagon-like peptide-1, growth hormones, others
- On the basis of end user, the market is segmented into home healthcare, hospitals, clinics and others
Competitive Analysis: Latin America Pen Needles Market
Some of the major players operating in the Latin America pen needles market are BD, Novo Nordisk A/S, B. Braun Melsungen AG, OWEN MUMFORD LTD., MedExel Co., Ltd., HTL-STREFA.
- In February 2019, Bigfoot Biomedical, Inc. and Owen Mumford ltd. announced a contract for marketable supply to assist the presence of pen needles into Bigfoot’s injection system subscription supply bundles. This contract will confirm that the customers continuously have admittance to a contented and high quality pen needle for every insulin dose. It would also help in evolving a digital drug delivery platform projected for sustenance insulin delivery through all people with insulin-requiring diabetes.
- In July 2016, Owen Mumford launched educational materials to upkeep diabetes management. These educational materials provide information to people with diabetes for dealing injection routine, increasing awareness of the potential risk of pen needle reuse. The objective is to connect an intricate topic over simple and striking images to aid healthcare professionals for involving patient about the significance of pen needle altering a good injection routine and performance. These study materials are already being accessible to UK to upkeep clients.
Research Methodology: Latin America Pen Needles Market
Key Opinion Leaders (KOL’s): Manufacturers, Researchers, Distributors, Bakers and Food Industrialists.
Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and National Sales Managers.