According to the report “Pen Needles Market”, published by market Data Forecast, the global market is projected to reach USD 2.82 billion by 2021, at a CAGR of 11.18% from 2016 to 2021.

For full report refer to http://www.marketdataforecast.com/market-reports/global-pen-needles-market-176/

Pen needles are used to deliver the medication (such as insulin or other injectable medications) in combination with injection pens. A pen needle comprises of hollow needle attached to injection pen. Pen needles are available with varied needle lengths and are majorly utilized by diabetes patients.

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Global pen needles market is expected to witness growth owing to presence of huge diabetic population, increasing health care expenditure, existence of favorable reimbursement policies, growing number of awareness programs on diabetes conditions, and advantages of pen needles over conventional syringes & vials. In addition, growing technological advancements and increasing demand for advanced insulin delivery devices are further driving the growth of global pen needles market.

Global market for Pen Needles is segmented on the basis of therapy, type, needle length, and mode of purchase.
1) On the basis of Therapy
• Insulin Therapy
• GLP-1 Therapy
• Growth Hormone Therapy

2) On the basis of Type
• Standard Needles
• Safety Needles

3) On the basis of Needle Length
• 4mm
• 6mm
• 8mm
• 10mm
• 12mm

4) On the basis of Mode of Purchase
• Retail
• Non-retail

5) On the basis of Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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Becton, Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), and Ypsomed Holding AG (Switzerland) are the major players accounting for major share of the global pen needles market in 2016. Other players include UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), Owen Mumford, Ltd. (U.K.), B. Braun Melsungen (Germany), Artsana S.p.a. (Italy), HTL-STREFA S.A. (Poland), and Terumo Corporation (Japan), among others.

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