Press Releases
Global Pen Needles Market for Future Trend 2023

India, 19 February 2019 -- Bharat Book Bureau Provides the Trending Market Research Report on "Pen Needles Market by Type (Standard Pen Needles and Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP-1, Growth Hormone, and Others), Mode of Purchase (Retail, Non-Retail) - Global Forecasts to 2023” ( under Life Sciences Category. The report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.

The pen needles market is projected to grow at a CAGR of 11% during the forecast period.
The Pen Needles Market is expected to reach 3.4 billion by 2023 from an estimated USD 2.0 billion in 2018, at a CAGR of 11.0% during the forecast period. Growth in the pen needles market is mainly driven by factors such as the growing prevalence of chronic diseases and the favorable reimbursement scenario in selected countries. The growing preference for biosimilar drugs is another factor providing a wide range of growth opportunities for key players in the market. On the other hand, the preference for alternative modes of drug delivery and the poor reimbursement scenario in developing countries are key factors restricting market growth to a certain extent. The reuse of pen needles is another key factor challenging market growth.

By type, the safety pen needles segment is expected to grow at the highest rate during the forecast period.
On the basis of type, the pen needles market is segmented into standard and safety pen needles. The safety pen needles segment is expected to grow at the highest CAGR during the forecast period as they reduce direct pressure on the skin due to their wide shield diameter.

The retail segment dominated the market in 2018.
On the basis of mode of purchase, the pen needles market is segmented into retail and non-retail. The retail segment dominated the market in 2018. This can be attributed to the significant discounts offered on the online/retail purchases of pen needles and the convenience associated with online purchases.

Request a free sample copy of Coffee Pods Market Report @

The Asia Pacific pen needles market is expected to grow at the highest CAGR during the forecast period.
Asia Pacific, comprising China, India, Japan, and Rest of Asia Pacific countries offers high-growth opportunities for players in the pen needles market. This segment is slated to register the highest CAGR during the forecast period. Some of the factors driving market growth in the Asia Pacific region are high patient population, rising healthcare expenditure, and increasing healthcare access.

Break of primary participants was as mentioned below:
• By Company Type – Tier 1–55%, Tier 2–25% and Tier 3–20%
• By Designation – C-level–43%, Director Level–32%, Others–25%
• By Region – North America–38%, Europe–23%, Asia Pacific–29%, RoW–10%

The key players in the pen needles market are Becton, Dickinson and Company (US), Novo Nordisk A/S (Denmark), Ypsomed Holding AG (Switzerland), B. Braun Melsungen AG (Germany), HTL-STREFA S.A. (Poland), Terumo Corporation (Japan), and Owen Mumford.

Research Coverage:
The report analyzes the pen needles market and aims at estimating the market size and future growth potential of this market based on various segments such as type, length, therapy, mode of purchase, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report
The report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater share. Firms purchasing the report could use one, or a combination of the below mentioned five strategies.

This report provides insights into the following pointers:
• Market Penetration: Comprehensive information on the services offered by the top players in the pen needles market. The report analyzes the market based on type, length, therapy, mode of purchase, and region
• Product Development/Innovation: Detailed insights on new product launches in the pen needles market
• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various pen needles across regions
• Market Diversification: Exhaustive information about solutions and services, untapped regions, recent developments, and investments in the pen needles market
• Competitive Assessment: In-depth assessment of market shares, strategies, distribution networks, and manufacturing capabilities of the leading players in the market

Browse our full report with Table of Contents:

About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Industry Trends & Analysis, Forecasts & Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.

# # #

Media Contacts:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773

Follow us on: Twitter, Facebook, LinkedIn, Google Plus

Submitted by Bharat Book, Bharat Book Bureau on Tuesday, 19 February 2019 at 2:32 PM
Category: Science & Research
Related News

Global Breathing Machines Market - Growth Analysis and Forecast 2023
Friday, 24 May 2019

U.S. Health Coaching Market - Growth Analysis and Forecast 2022
Thursday, 16 May 2019

Calcium Chloride Market Report, Industry Overview, Growth Rate and Forecast 2024
Friday, 10 May 2019

Custom Morocco Tours offer a Wonderful Holiday Experience
Monday, 6 May 2019

Brazil Blood Typing, Grouping and Infectious Disease NAT Market Outlook Report 2019
Friday, 3 May 2019

Related Events

20th International Union for Quaternary Research Congress (INQUA 2019)
Thursday, 25 Jul 2019

Latest News

M.I.S. Market is Projected to Expand at a CAGR of 9.2% from 2018 to 2026
Saturday, 25 May 2019

Canes and Crutches Market - Increase in the Incidence of Rheumatoid Arthritis to Rise the Market Dem
Saturday, 25 May 2019

The way to Get Started With Sports Betting
Saturday, 25 May 2019

Intraoperative Neuromonitoring Market To 2018 Top Industry Players, Revenue By 2026
Saturday, 25 May 2019

Phototherapy Lamps and Units for Aesthetic Medicine Market Key Manufacturers, Development Trends And
Saturday, 25 May 2019

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Saturday, 25 May 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • How To Turn Setbacks Into Amazing Comebacks - A "Networking-Speaking Event"
  • The 2nd International Conference of Hypertension in Children and Adolescent
  • Gene Drive Symposium, Bern 2019
  • Metabolism in Health and Disease Conference, Mexico, 2019

  • Latest Jobs
    Sorry, there are currently no entries posted here.