June 24, 2021

Insulin Pen Needles Market Dynamics, Market Size, Current Trends, Issues, Challenges, Forecasts, Competition Analysis, and Companies involved

 

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.”

The world of business has been introduced to a new set of adversities ever since it has been hit by the COVID-19 pandemic. Major economies of the world are clueless amid the crisis and are taking constant measures to survive the same. Key players in their specific fields are collaborating with government bodies to find solutions to these adversities.

At Fortune Business Insights, we are constantly studying the dynamics of the market to figure out new opportunities amid the crisis. Our detailed reports will help you counter various challenges brought by the pandemic.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/insulin-pen-needles-market-103494

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.

Drivers & Restraints-

Increasing Cases of Diabetes Globally to Drive Growth

The increasing instances of diabetes among patients is estimated to drive the growth of the global insulin pen needles market. For instance, according to the World Health Organization (WHO), the number of patients suffering from diabetes increased from 108 million in 1980 to 422 million in 2014. In addition, the enhancing technological development of insulin pens globally is anticipated to promote firm growth. However, the high costs associated with insulin pens may hinder the growth in the near future.

Request a sample copy of the Research Report:

https://www.fortunebusinessinsights.com/enquiry/sample/insulin-pen-needles-market-103494

Regional Insights-

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.

Competitive Landscape-

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.

Industry Developments-

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.
YPSOMED
Others
For any more queries/enquiries, please click here.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

About the Author

Name: Shubham Khampariya

Shubham Khampariya is a part of a talented team of content writers working in Fortune Business Insights™, one of the most promising market research firms in the industry. He has experience in creating quality content and is highly motivated. He enjoys putting ideas and thoughts into words to enable the reader to experience a seamless perusal.

https://glendivegazette.com/