EINPresswire-600568339-pen-needles-market-worth-usd-3-5-bn-by-2029-competitive-landscape-new-opportunities-growth-hubs-roi
                     Pen Needles Market worth USD 3.5 Bn by
2029: Competitive Landscape, New
Opportunities, Growth Hubs, ROI
The pen Needles Market size was valued
at USD 1.5 Bn. in 2021 and the total
revenue is expected to grow by 11.5 %
from 2022 to 2029, reaching nearly USD
3.5 Bn.
PUNE, MAHARASHTRA, INDIA,
November 10, 2022 /
EINPresswire.com/ -- According to the
“Pen Needles Market” report published
by Maximize Market Research, the
market is expected to grow from USD
1.5 billion in 2021 to USD 3.5 billion in
2029, at a CAGR of 11.5 percent for the
forecast period from 2022 to 2029. 
Pen Needles Market
Pen Needles Market Scope and
Methodology
The Pen Needles Market report discusses the global market's drivers, opportunities, and
restraints during the forecast period. The report contains detailed analysis of the primary market
and consumer application sectors, significant regions and
consumption, distributors, major producers, raw material
suppliers, and their contact information, as well as an
In 2021, Europe dominated
industry chain relationship analysis. This report's study
the market and accounted
also contains product specifications, manufacturing
for a revenue share of
processes, cost structure, and data information organised
40.00%, followed by North
by area, technology, and application. The report covers the
America, Asia Pacific, South
innermost levels of the market, market estimates and
America, and the Middle
forecasts, which helps build a greater market-specific view
East & Africa.”
for size, shape, and industry trends within each industry
MMR
segment. Various industry trends and real-time
developments are factored into identify key growth factors and the future course of the market.
The Pen Needles Market is segmented by product, needle length, and therapy for segment-wise
analysis of the market. The research process encompasses the most reliable research
methodology for its market intelligence and industry analysis. The research process is designed
to deliver a balanced view of the global pen needles market and allows stakeholders to make
informed decisions, to attain their highest growth objectives. MMR offers extensive research and
analysis, based on a wide variety of factual inputs, which largely include interviews with industry
players, reliable statistics, and regional intelligence. The in-house industry experts play an
instrumental role in designing analytic tools and models, tailored to the requirements of a
particular industry segment. 
Request a Sample now to gain a better understanding of the Pen Needles Market:
https://www.maximizemarketresearch.com/request-sample/159780 
Pen Needles Market Overview
Pen needles are used in conjunction with medication/injection pens to administer medications
subcutaneously to patients with different medication requirements. Over the years, pen needles
have evolved into alternative drug delivery methods to conventional syringe and needle
technologies. One of the major consumer segments that use pen needles is the diabetic
population. Consequently, several vendors have developed and launched new technologies for
the unique requirements of diverse patient populations.
Pen Needles Market Dynamics
Advances in self-injectable devices have improved the quality of care and minimized costs
associated with managing and treating a diverse array of diseases. Factors such as the surge in
the number of biological drugs that cannot be administered orally will drive the demand for self-
injectable devices even further in the future. The demand for self-injection devices is rapidly
increasing due to the high prevalence and incidence rate of chronic diseases, technological
advances, new product development, commercialization, and product differentiation strategies
adopted by leading pharmaceutical companies across the world.
New pen needles with better features than conventional needle variants are being introduced to
the market. These next-generation pen needles are expected to offer significant advantages for
healthcare providers, nurses, and patients in at-home settings. Consequently, several
manufacturers are focusing on measures to improve their traditional portfolios for pen
needles.
There has been a considerable surge in patient populations for chronic conditions such as
diabetes, rheumatoid arthritis, and multiple sclerosis. The rise in the number of biosimilar
therapy prescriptions for rohn’s disease and cancer has also resulted in an uptick in self-
injections at home or away from a healthcare provider (HCP) office.
However, a significant proportion of diabetic patients worldwide tend to reuse insulin pen
needles. The side effects associated with needle reuse include exposure to bacterial growth on
the needle and the risks of lipohypertrophy (lumpy skin) and breakage of fine needle tips. This is
expected to restraint the pen needles market growth during the forecast period.
Pen Needles Market Regional Insights
In 2021, Europe dominated the market and accounted for a revenue share of 40.00%, followed
by North America, Asia Pacific, South America, and the Middle East & Africa. Europe has the
highest revenue share in the global market due to the high demand for insulin pens in almost all
European countries. Most governments across Europe offer exceptional health insurance
coverage for diabetes treatment along with advanced healthcare. Most physicians in the region
are highly prescribing insulin pens as they are affordable and more convenient to use for the
self-management of diabetes. In addition, the use of growth hormones, especially among adults
engaged in bodybuilding is also increasing the usage of pen needles. 
The presence of large diseased populations and better access to treatment for anaphylaxis,
specifically epinephrine auto-injectors, are major growth drivers for North America.
Furthermore, the strong presence of prominent vendors that offer epinephrine auto-injectors
vendors is another reason for the high uptake of epinephrine auto-injectors in the North
American region. The expansion of the anaphylactic patient pool due to factors such as food,
medications, the launch of generic epinephrine auto-injectors, and the necessity to treat the
condition among both adults and children, is expected to drive the market growth during the
forecast period.
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Pen Needles Market Segmentation 
By Product
Standard Pen Needles
Safety Pen Needles
By Needle Length
4 mm
5 mm
6 mm
8 mm
10 mm
12 mm
By Therapy
Insulin
Glucagon-like-Peptide-1 (GLP-1)
Growth Hormone
Pen Needles Market Key Competitors 
Becton
Dickinson and Company
Novo Nordisk A/S
Ypsomed Holding AG
B. Braun Melsungen AG
Owen Mumford
Terumo Corporation
Nipro Corporation
Allison Medical
AdvaCare Pharma
Berpu Medical Technology
ARKRAY
GlucoRx
HTL-STREFA
UltiMed
Hindustan Syringes and Medical Devices
Artsana Group
PromiseMed Diabetes Care
Montmed
Trividia Health
VOGT Medical Vertrieb
Van Heek Medical
Simple Diagnostics
Iyon
Links Medical Products
MHC Medical Products
Key questions answered in the Pen Needles Market are: 
What are Pen Needles? 
What is the growth rate of Pen Needles Market for the next five years? 
What is the nature of competition in Pen Needles industry in developed and developing
economies? 
Who are the key players in the Pen Needles Market?
Who are the market leaders in Pen Needles in Europe?
Who are the market leaders in Pen Needles in Germany and China?
Who are the market leaders in Pen Needles in India, Saudi Arabia, Mexico and U.S.?
What are the factors affecting growth in the Pen Needles Market? 
Who held the largest market share in Pen Needles Market? 
What are the factors for the growth of Europe region in Pen Needles Market?
Directly Purchase a copy of the Pen Needles Market report:
https://www.maximizemarketresearch.com/checkout/?method=PayPal&reportId=159780&type=
Single%20User 
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use
and Region and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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demand for vaccines.
About Maximize Market Research:
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professionals from several industries. Some of the industries we cover include medical devices,
pharmaceutical manufacturers, science and engineering, electronic components, industrial
equipment, technology and communication, cars and automobiles, chemical products and
substances, general merchandise, beverages, personal care, and automated systems. To
mention a few, we provide market-verified industry estimations, technical trend analysis, crucial
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