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(IT-NEWSWIRE.COM, November 29, 2017 ) Pen needles are used for conjunction with injection pens in order to deliver injectable medications into the body. Pen needle comprises a needle which is hallow and embedded in plastic hub and attached to injection pens. Pen needles will available in different lengths and diameters to make them easily used by the healthcare professionals and patients to administer medications. Generally these pen needles are used by the people with diabetes and who require insulin injections. Pen needles are an alternative delivery system of drug administration to conventional method.
Increasing prevalence rate of diabetes is one of the primary factors that enables drive the pen needles market. As per International Diabetes Federation (IDF), around 642 Mn of total population is estimated to have diabetes by 2040. People with obesity are highly prone to diabetes which in turns rise market growth of pen needles. As per, Diabetes.Co.UK, obesity is reported for 80-85% of risk of diabetes development. Growing adaptation of pen needles and minimally invasive methods over conventional systems, increasing geriatric population is expected to fuel the market growth of pen needles. However, dearth of specialized endocrinologists to treat diabetes, hormonal imbalances, thyroid disorders etc., issues and risks related to the safe usage of pen needles and strict regulatory frame work for the development of new products are the few factors which are restraining the pen needles market size growth.
A sample of this report is available upon request @
https://www.precisionbusinessinsights.com/market-reports/global-pen-needles-market/#ulp-4H8Z4LpNMLEuOnnx
The global pen needles market is classified on the basis of type, length of needle, therapy, end user, and geography.
Based on type, the global pen needles market is segmented into the following
Standard pen needles
Safety Pen Needles
Based on needle length, the global pen needles market is segmented into the following
4mm
5mm
6mm
8mm
10mm
12mm
Based on therapy, the global pen needles market is segmented into the following
GLP-1
Growth Hormones
Insulin
Based on end user, the global Pen Needles Market is segmented into the following
Hospitals
Homecare
Diagnostic centers
To view TOC of this report is available upon request @
https://www.precisionbusinessinsights.com/market-reports/global-pen-needles-market/#ulp-c654SbFYO64MsOhu
Increasing government initiatives in prevention of diabetes is expected to boost the market growth. For instance, in 2013, World Health Assembly introduced a comprehensive global frame work which is accompanied by WHO global action plan for prevention and control of NCD 2013-2020. Growing advanced technologies is also anticipated to drive the market growth of pen needles. For example, In 2013, Becton, Dickson and Company has launched BD Ultra fine nano 4mm pen needles with easy flow technology which enables easy adherence of insulin therapy regimens in diabetic patients.
Geographically pen needles market is segmented into North America, Europe, Asia- Pacific, Latin America, The Middle East & Africa. North America holds the largest share in pen needles market owing to high prevalence of diabetes, high acceptance of state-of-art technologies. As per, American Diabetes Association, in 2015, diabetes is the 7th leading cause of death in U.S with 79,535 deaths. Europe accounted for significant share in pen needles market. Asia pacific region is anticipated to show significant growth due to the innovative product launches, affordability, rising awareness regarding healthcare in countries like China, India and Japan.
Need more information about this report @
https://www.precisionbusinessinsights.com/market-reports/global-pen-needles-market/#ulp-14mlyhjMGhVjZqa3
The major companies in the market include Novo Nordisk A/S (Denmark), Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Ypsomed Holding AG (Switzerland), Terumo Corporation (Japan), HTL-STREFA S.A. (Poland), Artsana S.p.a (Italy), Allison Medical, Inc. (U.S.), UltiMed, Inc. (U.S.), ARKRAY Inc. (U.S) and Owen Mumford Ltd. (U.K.).
Get access to full summary @
https://www.precisionbusinessinsights.com/market-reports/global-pen-needles-market/
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