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Pen Needles Market size was valued at USD 1.67 Bn. in 2022 and the total Pen Needles revenue is expected to grow by 11.5 % from 2023 to 2029, reaching nearly USD 3.58 Bn.
Pen Needles Market Overview:
The global Pen Needles market Research Report 2023-2029 by Maximize Market Research provides a comprehensive and tailored analysis of the Pen Needles industry, delving into the intricacies of market dynamics and trends on a global scale. The report focuses on examining the evolving market landscape and forecasting future developments within the specified time frame. Through meticulous research and analysis, the report offers valuable insights into the market’s growth potential, key drivers and challenges, competitive landscape, and emerging opportunities. By combining qualitative and quantitative data, the report aims to assist industry stakeholders, investors, and decision-makers in making informed choices and formulating effective strategies in the global Pen Needles market.
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Market Scope:
The worldwide “Pen Needles Market” study looks at important industry factors including progress, segmentation, growth prospects, opportunities, challenges, and competitive analysis. The segmentation analysis focuses on revenue and forecast by region, kind, and application for the period 2021-2027. This study investigates the market size, development status, and forecast, as well as a company profile. It also provides information on the competitive climate as well as data from the most important firms.
Segmentation:
Depending on the product, In 2022, the standard pen needles market category dominated, accounting for more than 88.5% of total sales. The surge was attributed to diabetes patients’ frequent usage of these medications in greater dosages. Those with handiness concerns are frequent users of these needles. These needles, however, are not suggested due to the considerable risk of needlestick injuries, and they make pen needles less safe to use. As a result, their demand is projected to be limited in the immediate future. Standard pen needles are more commonly used in households. A lack of basic guidance on how to operate these devices properly leads to incorrect doses and associated complications.
These devices include the NovoLog FlexPen and the Lantus SoloStar, to name a few. The increasing number of diabetics and the level of awareness about the usage of insulin pens are two factors driving the expansion of this segment. Safety pen needles are predicted to grow at a lucrative rate throughout the forecast period, owing to the increasing technical improvements in this industry. These technologies allow for a reduction in patient needlestick injuries. Safety pen needles are in high demand in hospital settings due to their effectiveness in delivering injections to patients who are immobile or in emergency rooms. BD Autoshield Duo Pen Needles, Novofine, and Accu-Fine Pen Needles are some well-known producers of safety needles.
1. B. Braun (Germany)
2. KD Medical GmbH Hospital Products (Germany)
3. GlucoRx Ltd (UK)
4. Owen Mumford (UK)
5. HTL-STREFA S.A. (Poland)
6. VOGT MEDICAL (Ukraine)
7. Van Heek Medical (Netherlands)
8. Ypsomed Holding AG (Switzerland)
9. Novo Nordisk A/S (Denmark)
10. Rays SpA (Italy)
11. Terumo Corporation (Japan)
12. Nipro Corporation (Japan)
13. ARKRAY, Inc. (Japan)
14. Berpu Medical Technology Co., Ltd. (China)
15. Hindustan Syringes & Medical Devices Ltd (India)
16. Cipla Limited (India)
17. Becton, Dickinson and Company (US)
18. Allison Medical Inc (US)
19. AdvaCare Pharma (US)
20. UltiMed (US)
21. Promisemed Medical Device Inc. (US)
22. Simple Diagnostics (US)
23. Links Medical Products (US)
24. MHC Medical Products, LLC (US)
25. Trividia Health (US)
Key Players: The key players are:
1. B. Braun (Germany)
2. KD Medical GmbH Hospital Products (Germany)
3. GlucoRx Ltd (UK)
4. Owen Mumford (UK)
5. HTL-STREFA S.A. (Poland)
6. VOGT MEDICAL (Ukraine)
7. Van Heek Medical (Netherlands)
8. Ypsomed Holding AG (Switzerland)
9. Novo Nordisk A/S (Denmark)
10. Rays SpA (Italy)
11. Terumo Corporation (Japan)
12. Nipro Corporation (Japan)
13. ARKRAY, Inc. (Japan)
14. Berpu Medical Technology Co., Ltd. (China)
15. Hindustan Syringes & Medical Devices Ltd (India)
16. Cipla Limited (India)
17. Becton, Dickinson and Company (US)
18. Allison Medical Inc (US)
19. AdvaCare Pharma (US)
20. UltiMed (US)
21. Promisemed Medical Device Inc. (US)
22. Simple Diagnostics (US)
23. Links Medical Products (US)
24. MHC Medical Products, LLC (US)
25. Trividia Health (US)
Regional Analysis:
The research report is organised into sections based on area, manufacturer, type, and application. Each category provides output estimates for the years 2023 through 2029. Consumption by Application is also supplied for the forecasted period of 2021 to 2029. Understanding the categories helps determine the importance of numerous components that contribute to market growth.
COVID-19 Impact Analysis on Pen Needles Market:
The research provides light on COVID-19 by considering changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of current market forces, and substantial government initiatives into account. Based on the market effect of COVID-19, the revised study provides insights, analysis, projections, and predictions.
Key Questions Answered in the Pen Needles Market Report are:
- Which segment grabbed the largest share in the Pen Needles market in 2023?
- How is the competitive landscape of the Pen Needles market?
- Which are the key factors aiding the Pen Needles market growth in the forecast period (2023-2029)?
- Which region held the maximum share in the Pen Needles market in 2023?
- What will be the CAGR of the Pen Needles market during the forecast period (2021-2029)?
Browse the Summary of the Research Report to Gain More Insights into the Market Analysis: https://www.maximizemarketresearch.com/market-report/pen-needles-market/159780/
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Maximize Market Research is a leading market research and consulting firm with a team of professionals representing diverse industries. Our expertise spans across sectors such as medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology, communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. We provide a wide range of services including market-verified industry estimates, technical trend analysis, critical market research, strategic counsel, competitive analysis, production and demand analysis, and client impact studies. Our goal is to assist businesses in making informed decisions by delivering accurate insights and actionable recommendations in a rapidly evolving market landscape.
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