DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xf4kql/pen_needles) has announced the addition of the "Pen Needles Market by Type, Needle Length, Therapy - Analysis & Global Forecast to 2019" report to their offering.
The global pen needles market is expected to reach $2.105 billion in 2019 from $1,283 million in 2014, growing at a CAGR of 10.4%.
The market is dominated by Europe, followed by North America, Asia, and Rest of the World (RoW). Asia is expected to reach leadership position in terms of the value by 2019.
Over the years, the pen needles market has witnessed various technological advancements in order to cater to the growing demand of safety injections in the healthcare industry. These advancements have led to development of safety pen needles with an aim to reduce pain, increase comfort, and most importantly reduce needlestick injuries (NSIs).
The standard pen needles segment accounts for the largest share of the global pen needles market, by type, while 6mm pen needles accounted for the largest share of the pen needles market, by needle length. Insulin therapy accounted for major share of the pen needles market, by therapy in 2014.
Europe accounted for the largest share of the global pen needles market, followed by North America, Asia, and the Rest of the World (RoW). In the coming years, the pen needles market is expected to experience the highest growth rate in the Asian region, with emphasis on India, China, and Japan. These countries are expected to serve as revenue pockets for pen needle manufacturers.
The global pen needles market is witnessing a high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (new product launches, acquisitions, and geographical expansions) to increase their market shares and to establish a strong foothold in the global market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Pen Needles Market, By Type
8 Pen Needles Market, By Length
9 Pen Needles Market, By Therapy
10 Pen Needles Market, By Geography
11 Competitive Landscape
12 Company Profiles
- Allison Medical, Inc.
- Artsana S.P.A.
- B. Braun Melsungen
- Becton, Dickinson And Company
- Htl-Strefa S.A.
- Novo Nordisk A/S
- Owen Mumford, Ltd.
- Terumo Corporation
- Ultimed, Inc.
- Ypsomed Holding Ag
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