Article -> Article Details
| Title | Pen Needles Market Segmentation and Competitors Analysis 2020-2027 |
|---|---|
| Category | Business --> Business Services |
| Meta Keywords | Pen Needles Market size |
| Owner | thomas |
| Description | |
| According to a recent study by Reports and
Data, the global demand for pen needles is expected to hit USD 2.66 billion by
2027. Pen needles are used for drug administration in the treatment of
different diseases and are used by both healthcare practitioners and patients
themselves. With developments in therapeutics and a supportive reimbursement
structure in many countries, they have become popularly accepted. Get a Sample copy of
the Report @ https://www.reportsanddata.com/sample-enquiry-form/2124 From 2015 to 2050, according to the World
Health Organization the world's aged population will grow from 12 percent to 22
percent of the total global population. Because of this it is predicted that
the incidence of target diseases such as chronic disorders and cancer will rise
and in turn, increase the demand for pen needles. The introduction of
user-friendly technology is also supported by a rise in healthcare spending
around the world. The average healthcare cost in the U.S. has increased by 26
percent over the past five years, according to the American Diabetes
Association, due to increased diabetes incidence. Significantly, the number of people with
diabetes is estimated by the WHO to have risen from 108 million in 1980 to 422
million in 2014. In diabetic patients, pen needles are commonly used for
insulin administration, especially since most patients who need insulin shots multiple
times a day use pen needles to administer the medication themselves. The fact that each pen is already branded with
the intensity and name of the product is another factor in their growing
popularity. This trait leads to a decrease in the number of unlabeled needles
or syringes, which is commonly found in the case of unit-based vial insulin
preparation. Because of a growing prevalence of diabetes in
the region, North America had the largest share as of 2019. Government efforts
to raise awareness of pen needles, along with favourable support from several
private players, are contributing to demand growth for pen needles. In order to maintain stable growth, businesses
follow a number of growth strategies. It is usual to experience acquisitions
and mergers. In December 2017, for example, BD acquired Bard to make use of the
product portfolio and innovation pipeline of the latter. Key participants
include in the pen needles market include:
To identify the key
trends in the industry, click on the link below: Pen Needles Market: Segmentation For the purpose of this report, Reports and
Data has segmented into the global Pen Needles market on the basis of type,
length, therapy, usability, distribution channel, end-uses, and region: Type Outlook (Revenue, USD
Billion; 2017-2027)
Length Outlook (Revenue, USD
Billion; 2017-2027)
Therapy Outlook (Revenue, USD
Billion; 2017-2027)
Usability Outlook (Revenue,
USD Billion; 2017-2027)
Distribution Channel Outlook
(Revenue, USD Billion; 2016-2026)
End-Use Outlook (Revenue, USD
Billion; 2017-2027)
Regional Outlook (Revenue, USD
Billion; 2017-2027)
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report by Reports And Data: Pen Needles Market :- https://www.prnewswire.com/news-releases/pen-needles-market-to-reach-usd-1-18-billion-by-2026--reports-and-data-300944803.html Contact Us John W Head of Business Development 40 Wall St. 28th floor New York City NY 10005 United States Direct Line: +1-212-710-1370 | |