Insulin Pen Needles Market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players And Regional Forecast latest study published by Fortune Business Insights. The global ”insulin pen needles market” is set to exhibit progressive growth owing to the increasing prevalence of diabetes among patients, observes Fortune Business Insights™ in an upcoming report, titled, “Insulin Pen Needles Market Size, Share & Industry Analysis, By Product Type (Standard Insulin Pen Needle, Safety-engineered Insulin Pen Needle), By Application (Type I Diabetes, Type II Diabetes), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies & Drug Stores, Online Pharmacies) and Regional Forecast 2020-2027.”
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Global Insulin Pen Needles Market Highlights:
The Insulin Pen Needles Market report offers an in-depth analysis of the Insulin Pen Needles industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Insulin Pen Needles market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Insulin Pen Needles Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Insulin Pen Needles market to figure out and study the market’s needs, market size, and competition.
Highlights of the Report:
While making the report we incorporated the market ranking of major players along with their new service/product launches, partnerships, business expansions, and acquisitions. The dynamics of the market were closely studied along with the growth opportunities in the years to come. Our next step included qualitative and quantitative analysis of the market based on segmentation, involving both economic as well as non-economic factors. In addition, we thoroughly observed the current, as well as future outlook of the industry with respect to the recent developments.
Rising Patient Pool of Diabetes in U.S. to Help North America Lead
North America is projected to dominate the global insulin pen needles market. Rising cases of diabetes in the region is the major factor responsible for the steady growth. For instance, as per the National Diabetes Statistics Report, 2020, the number of patients with diabetes in the U.S. has reached 34.2 million.
The Europe insulin pen needles market is estimated to grow substantially in the forecast period. The rising geriatric population is one of the major factors driving the growth in the region. In addition, increasing awareness regarding insulin pens is anticipated to further strengthen this growth.
The global insulin pen needles market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to lead the global insulin pen needles market due to the rising prevalence of diabetes in the region. According to The National Diabetes Statistics Report, 2020, 34.2 million Americans have diabetes. Also, the availability of favourable reimbursement scenarios and growing investments for research development in insulin pens are responsible factors for its dominance. The market in Europe is likely to have substantial growth throughout the forecast period owing to the rising geriatric population, and the rising prevalence of diabetes. An increasing patient pool of diabetes, growing preference to home use applications & safety vaccinations, and awareness about the insulin pen needles among the people are the factors expected to fuel the market growth in Asia Pacific and Latin America during the forecast period. On the other hand, the Middle East and Africa is projected to have a lucrative growth in the insulin pen needles market in the near future owing to the growing technological advancements in insulin pens.
Upgradation of Product Lines to Aid Key players Gain More Prominence
The global insulin pen needles market includes numerous multinational and local enterprises offering industry leading products. Key players are focusing on launching new products and upgrading their existing products in order to lead the competition. For instance, in September 2019, Owen Mumford Inc. launched Ateria SafeControl, the next generation of its safety pen needle product line.
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- In January 2019, Becton, Dickinson and Company received the FDA approval for its second generation of BD nano pen needle, which is designed for more reliable subcutaneous injection depth.
- In May 2018, Hindustan Syringes & Medical Devices (HMD) launched India’s first Dispovan insulin pen needle to provide more comfort to people suffering from diabetes.
A List of Key Manufacturers Operating In the Insulin Pen Needles Market Report:
- Becton, Dickinson and Company (BD)
- Novo Nordisk A/S
- Owen Mumford Inc.
- VOGT Medical
- HTL-STREFA, Inc.
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