North America Pen Needles Market Competitive Strategies Analysis And Forecasts

Posted by rohan on July 23rd, 2018

North America Pen Needles Market is expected to reach USD 0.96 billion by 2023 from USD 0.58 billion in 2018, growing at a CAGR of 10.60% for the next five years 2018-2023.

In this report, the pen needles market is segmented on the basis of type, needle length, therapy, mode of purchase, and region. Based on type, the pen needles market is categorized into standard pen needles and safety pen needles. The standard pen needles segment is expected to account for the largest share of the pen needles market in 2018. However, the safety pen needles segment is projected to grow at a higher CAGR during the forecast period.

Based on needle length, the pen needles market is segmented into 4mm, 5mm, 6mm, 8mm, 10mm, and 12mm. The 8mm needle length segment is expected to account for the largest share of the market in 2016. However, the 4mm needle length segment is expected to grow at the highest CAGR during the forecast period.

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On the basis of therapy, the pen needles market is segmented insulin therapy, growth hormone therapy, and Glucagon-like Peptide-1 (GLP-1) therapy. The insulin therapy segment is expected to account for the largest share of the market in 2016 and is projected to grow at the highest CAGR in the forecast period.

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Based on mode of purchase, the pen needles market is segmented into retail and non-retail purchase. The retail purchase segment is expected to account for the largest share of the market in 2016 and is projected to grow at the highest CAGR during the forecast period.

On the basis of geographical areas, North America pen needles market is segmented as U.S., and Canada. U.S, is estimated to account for larger share of the North America pen needles market in 2016, whereas Canada is estimated to grow at a higher CAGR during the forecast period 2016-2021.

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 North America 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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