The pen needles were utilized for injecting medicine such as insulin to diabetic patients. These pen needles deliver multiple benefits over the traditional needle and syringe instruments such as their support in self-administration of the prescription without expertise. It was tightened for injection pens via a plastic hub and possesses the limit of the medicine. It gets injected via the pen. These are available in different sizes based on the length and gauge of the tool. Most developed pen needles are ultra-fine needles, that are painless and reach optimally within the subcutaneous layer underneath the pores and skin, whereas large-length needles inclusive of 8mm and 12 mm may have a threat to reach the intramuscular layer below the skin if now not inserted well.
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The high majority of diabetes have been boosting the growth of the global pen needles market. Based on the report published in 2017 by the International Diabetes Federation’s (IDF) Diabetes Atlas, almost 425 million patients have been affected by diabetes globally. By 2045, these numbers had anticipated achieving about 629 million. Furthermore, over 60% of patients were diagnosed with diabetes in particular in provinces together with the Asia Pacific, the Middle East, and a few regions of North Africa. Some of these sufferers require insulin medicine, which might drive the evolution of the demand for pen needles.
Diabetes is one of the common three casualty reasons for non-communicable illnesses as per the WHO 2012 factsheet. The moderate patient with type-2 diabetes insinuates approximately 60,000 units over the course of 10-12 years of insulin therapy. The high aged population had anticipated being every other driver for pen needles market development as older people want insulin treatment more regularly due to suppressed pancreatic activity with growing older. As in step with modern IDF estimation, there had been 98 million diabetic people in 2017 over the age of 65 years, which is anticipated to upward thrust to 191 million by 2045.
New remedies for treating diabetes including GLP analogs are steadily been discharged via pharmaceutical companies. These GLP-1 analogs were nursed like insulin, subsequently, operating pen needles. For instance, in October 2017, FDA approved Novo Nordisk for a once-a-week GLP-1 analog registered as semaglutide. GLP-1 analogs also are an increasing variety selected in overweight sufferers, as a model, GLP-1 analog liraglutide is already legal in the demand for the remedy of weight problems. It may not immediately help the demand for pen needles.
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Major companies inside the pen needles market are launching new and modern products, to cater to increasing consumer wishes. In 2017, Becton, Dickinson, and Company delivered the BD Ultra-Fine micro pen needle, utilized as a couple of pen injection instruments. Diabetic sufferers are lots less probable to accidentally inject their insulin dose right into a muscle with this product, and it offers one of the shortest length pen needles. Additional factors inclusive of developing emphasis among sufferers approximately pen needles associated with their comfort, over the conventional needle and syringe device, are anticipated to the useful resource within the boom of the pen needles market.
Based on the regional market, the global pen needles market had segmented into regional markets of North America, Africa, Asia Pacific, Middle East, Latin America, and Europe. The regional market in the North American province had anticipated playing a significant role on the worldwide platform due to the rising majority of diabetes. For instance, based on the report published in 2017 by the International Diabetes Federation (IDF), almost 13% of people were diagnosed with diabetes. Furthermore, based on the same report, the American government spends almost US$ 377 billion per year on diabetes research. This is almost 52% of the total global expenditure on diabetes. Likewise, there are 30.3 million humans in the U.S. With diabetes together with 23.1 million individuals, who are recognized and 7.2 million undiagnosed cases.
Major organizations working for the global pen needles market include Allison Medical, Inc., Artsana S.p.a., UltiMed, Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, Hindustan Syringes and Medical Devices Ltd., HTL-STREFA, Novo Nordisk A/S, Owen Mumford Ltd., TERUMO CORPORATION, and Ypsomed AG.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Pen Needles Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Pen Needles Industry Impact
Chapter 2 Global Pen Needles Competition by Types, Applications, and Top Regions and Countries
2.1 Global Pen Needles (Volume and Value) by Type
2.3 Global Pen Needles (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Pen Needles Sales, Consumption, Export, Import by Regions
Chapter 5 North America Pen Needles Market Analysis
Chapter 6 East Asia Pen Needles Market Analysis
Chapter 7 Europe Pen Needles Market Analysis
Chapter 8 South Asia Pen Needles Market Analysis
Chapter 9 Southeast Asia Pen Needles Market Analysis
Chapter 10 Middle East Pen Needles Market Analysis
Chapter 11 Africa Pen Needles Market Analysis
Chapter 12 Oceania Pen Needles Market Analysis
Chapter 13 South America Pen Needles Market Analysis
Chapter 14 Company Profiles and Key Figures in Pen Needles Business
Chapter 15 Global Pen Needles Market Forecast (2021-2028)
Chapter 16 Conclusions
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