Pen Needles Market

Posted by ahila on April 27th, 2018

Pen needles are used in conjunction with injection pens in order to deliver injectable medications into the body. Pen needle comprises a needle which is hallowed and embedded in a plastic hub and attached to injection pens. Pen needles will available in different lengths and diameters to make them easily used by the healthcare professionals and patients to administer medications. Generally, these pen needles are used by the people with diabetes and who require insulin injections. Pen needles are an alternative delivery system of drug administration to the conventional method.

Increasing prevalence rate of diabetes is one of the primary factors that enables drive the Global Pen Needles Market. As per International Diabetes Federation (IDF), around 642 Mn of the total population is estimated to have diabetes by 2040. People with obesity are highly prone to diabetes which in turns rise market growth of pen needles. As per, Diabetes.Co.UK, obesity is reported for 80-85% of the risk of diabetes development. Growing adaptation of pen needles and minimally invasive methods over conventional systems, increasing geriatric population is expected to fuel the market growth of pen needles. However, a dearth of specialized endocrinologists to treat diabetes, hormonal imbalances, thyroid disorders etc., issues and risks related to the safe usage of pen needles and strict regulatory framework for the development of new products are the few factors which are restraining the pen needles market size growth.

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The global pen needles market is classified on the basis of type, length of needle, therapy, end user, and geography.

Based on type, the global pen needles market is segmented into the following

• Standard pen needles
• Safety Pen Needles

Based on needle length, the global pen needles market is segmented into the following

• 4mm
• 5mm
• 6mm
• 8mm
• 10mm
• 12mm

Based on therapy, the global pen needles market is segmented into the following

• GLP-1
• Growth Hormones
• Insulin

Based on end user, the global Pen Needles Market is segmented into the following

• Hospitals
• Homecare
• Diagnostic centers

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