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Title Pen Needles Market Demand, Segmentation, Recent Trends, Strategies and Forecast to 2026
URL https://www.marketsandmarkets.com/Market-Reports/pen-needles-market-75948613.html
Category Fitness Health --> Health Articles
Meta Keywords Pen Needles Market
Meta Description Standard Pen Needles Market Size, Safety Pen Needles Market Share
Owner Healthcare101
Description
The Pen Needles Market is expected to reach USD 2.2 Billion by 2026 from an estimated USD 1.3 billion in 2021, at a CAGR of 11.2%. Growth in the market is largely driven by the growing prevalence of chronic diseases and the favorable reimbursement scenario in selected countries. On the other hand, the preference for alternative modes of drug delivery, poor reimbursement in developing countries, and needle anxiety are expected to restrain the overall market growth. Misuse of insulin pens and reuse of pen needles are the challenges faced by the market. The growing preference for biosimilar drugs and emerging markets are areas of opportunity in the market.