DUBLIN–(BUSINESS WIRE)–The “Pen Needles – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The global market for Pen Needles estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$3.6 Billion by 2027, growing at a CAGR of 8.7% over the period 2020-2027.
Standard, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$2.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Safety segment is readjusted to a revised 11.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $657.4 Million, While China is Forecast to Grow at 9.7% CAGR
The Pen Needles market in the U.S. is estimated at US$657.4 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$278.9 Million by the year 2027 trailing a CAGR of 9.7% over the period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR.
Select Competitors (Total 63 Featured)
AdvaCare Pharma
Allison Medical Inc.
ARKRAY, Inc.
B. Braun Melsungen AG
Becton, Dickinson and Company
Berpu Medical Technology Co., Ltd.
GlucoRx Limited
Hindustan Syringes & Medical Devices Ltd.
HTL-STREFA S.A.
Iyon Saglik Medical
Links Medical Products, Inc.
MHC Medical Products, LLC
Montmed Inc.
Nipro Corporation
Novo Nordisk
Owen Mumford Ltd.
Promisemed Medical Devices Inc.
Simple Diagnostics
Terumo Europe NV
Trividia Health, Inc.
UltiMed, Inc.
Van Heek Medical
Vogt Medical Vertrieb GmbH
Ypsomed AG
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 and a Looming Global Recession
The Never-Ending “Race” Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, Where is the World Economy Heading Now & Beyond?
Omicron Variant Brings Back Memories & Fears of the Worst Part of the 2020 Pandemic
With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking. But How Practical Is It to Implement Them?
How Healthcare Has Been Impacted & Beyond COVID-19 What’s In Store for Healthcare?
COVID-19 and Elective Surgeries
COVID-19 Impact on Pen Needles Market
Competition
Competitive Market Presence – Strong/Active/Niche/Trivial for Market Players Worldwide in 2022 (E)
Needles: A Prelude
Types of Needles
An Insight into Pen Needles
Pen Needles for Insulin Injection
Global Market Analysis and Prospects
Global Pen Needles Market Set for a Rapid Growth
Standard Pen Needles Dominate, Safety Pen Needles to Witness Fastest Growth
Emerging Markets: Focal Point for Future Growth
Competitive Landscape
Top Pen Needle Products
Recent Market Activity
WORLD BRANDS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rise in Diabetic Population Continues to Drives Demand for Pen Needles
Diabetes Emerges as One of the Leading Causes of Mortality
Growing Prevalence of Chronic Diseases Drive the Demand for Pen Needles
High Risk of Diabetes in the Fast Expanding Aging Population Benefit Market Expansion
Pen Needles Gain Traction as Insulin Pens Rise in Popularity for Administering Insulin
Smart Insulin Pens: A Growing Area of Interest
Increasing Role of Self-Injection Devices in Diabetes Management
Needle-Free Alternatives: A Growing Threat
Innovative Technologies Revolutionize Pen Needles Market
Advancements in Insulin Delivery Methods Drive the Demand for Pen Needles
Advancements in Pen Needle Technology
Droplet Micron Insulin Needle Represents Innovation in the Diabetes Supply Market
MACRO GROWTH DRIVERS
Increasing Healthcare Expenditure Aids Pen Drives Market Growth
Increasing Obesity Levels Underpins Market Growth
Rising Demand for Biosimilar Drugs Propel the Market for Pen Needles
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ulq6nr
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