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Pen Needles Market Size Worth USD 9.43 Billion in 2032

Market Size u2013 USD 3.10 Billion in 2022, Market Growth u2013 at a CAGR of 11.7%, Market Trends u2013 Rising preference for biosimilar drugs<br><br>

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Pen Needles Market Size Worth USD 9.43 Billion in 2032

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  1. Pen Needles Market Size Worth USD 9.43 Billion in 2032 www.emergenresearch.com Increasing prevalence of chronic disorders is a key factor driving market revenue growth

  2. Our Model Market Analysis Financial Analysis Distribution Channel Analysis Brand Analysis Custom Market Intelligence Competitor Analysis Product Analysis Custom Research www.emergenresearch.com Demand Analysis Risk Analysis

  3. Business Plan Parameters End Use Analysis Demand Availability Analytics Market Entry Strategy Restructuring & Revival New Product Strategy Product Planning / Strategy SWOT Analysis Marketing / Distribution Channel Feasibility www.emergenresearch.com Customer Identification Survey Competitive Landscape / M&A Feasibility www.emergenresearch.com

  4. Industries We Cater to Food & Beverages Foods & Beverage, Food Ingredients, Food Processing and Equipment, Food Testing and Supply Chain, Health Food and Sports Nutrition, Frozen and Processed Food, Household, Retail Power & Energy Oil and Gas, Electricity, Energy Storage, Environmental, Renewable Energy Automotive Services Information and Tech Electric and Hybrid Vehicles, Off Highway and On Highway Vehicles, Aftermarket and Maintenance, Automotive Parts, Interior and Exterior Materials, Automotive electronics and Systems Data Security, Cloud Computing, IoT and Digitalization, Robotics, Telecom and Networking, Software and Services, Analytics, Semiconductor, Internet and E-Commerce www.emergenresearch.com Pharma & Healthcare Materials and Chemicals Medical Devices, Therapeutics, Biotechnology, Medical Imaging, Healthcare IT, Hospital Management, Diagnostics, Laboratory Equipment, Pharmaceutical Organic Chemicals, Disinfectants and Preservatives, Adhesives and Sealants, Polymers and Resins, Petrochemicals, Agrochemicals and Fertilizers, Paints and Coatings 5

  5. Market Summary The global pen needles market size was USD 3.10 Billion in 2022 and is expected to register a steady revenue CAGR of 11.7% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of diabetes is a key factor driving market revenue growth. According to the International Diabetes Federation (IDF), in IDF North America and Caribbean Region in 2021, 51 million adults (20-79) were diagnosed with diabetes. This number is expected to rise to 57 million by 2030. Impaired Glucose Tolerance (IGT) affects 47 million adults (20-79) in IDF North America and Caribbean region, putting them at high risk of developing type 2 diabetes. In addition, rising demand for self-injected devices is another key factor driving market revenue growth. Self-injection devices, primarily pens used for subcutaneous biopharmaceutical delivery, are a growing segment of drug delivery device. Their significance is expected to increase in the future due to tendency towards biological medications that cannot be taken orally and rising prevalence of diabetes that has been observed globally. Need for self-injection devices is rising as a result of numerous new injectable that are anticipated to launch in the market in the upcoming years, as well as tendency to move treatment from clinic to home environment to save costs and improve patient’s comfort. Needle anxiety for patients is a major factor restraining revenue growth of the pen needles market. Skin pricks and other sharp things can make people feel anxious. However, fear of having to inject with needles can, still exist. According to CDC, 1 in 4 people and up to 2 in 3 youngsters have severe phobias of needles. www.emergenresearch.com

  6. Market Summary • Further key findings from the report suggest • The standard pen needle segment accounted for a significantly large revenue share in the global pen needles market in 2022. This attributed to low cost of standard pen needles. Standard pen needles are preferred over safety pen needles as they are less expensive, especially given the need for daily insulin administration. • The 8mm segment is expected to register largest revenue share in 2022. This is due to easy availability and affordability of these needles. These needles are most prescribed to all patients, including obese patients with the target disease. 8mm needles are preferred in home settings owing to their safety, user convenience, and ease of disposal. • The North America market is expected to register largest revenue share over the forecast period. This is due to increasing prevalence of diabetes, favorable reimbursement conditions for pen needles, federal campaigns to raise public awareness of proper injection technique, expanding market penetration by major players, and advancement of better pen needle technologies. • Major companies in the market report include Novo Nordisk A/S, Becton Dickinson and Company, Terumo Corporation, Owen Mumford, B. Braun SE, Ypsomed Holding AG, UltiMed, Inc., Allison Medical, Inc., ARKRAY, Inc., and Artsana S.p.A. • In June 2021, U.S. Food and Drug Administration (FDA) approved Novo Nordisk's Wegovy for chronic weight management. Wegovy is the first and only once-weekly GLP-1 receptor agonist therapy approved for weight management in obese patients. • Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/1753 www.emergenresearch.com

  7. Market Summary • Emergen Research has segmented the global pen needles market based on product, length, therapy, mode of purchase, and region: • Product Outlook (Revenue, USD Billion; 2019-2032) • Standard Pen Needle • Safety Pen Needle • Length Outlook (Revenue, USD Billion; 2019-2032) • 4mm • 5mm • 6mm • 8mm • 10mm • 12mm • Therapy Outlook (Revenue, USD Billion; 2019-2032) • Insulin • Glucagon-like-Peptide-1 (GLP-1) • Growth Hormone • Read More@ https://www.emergenresearch.com/industry-report/pen-needles-market

  8. MARKETSEGMENTATION www.emergenresearch.com

  9. Regional Share Dynamics www.emergenresearch.com

  10. About Us At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade. Our expertise umbrellas the technological environment of all major industries, and our services help you map your actions to ensure optimal yield. Our analysts utilize their market proficiency to offer actionable insights that help our clients implement profitable strategies and optimize their return on investment. Our services are wide-ranging, right from technological environment analysis to technological profiling that highlights the existing opportunities in the market you can capitalize on to stay ahead of your competitors. www.emergenresearch.com

  11. Lets Talk; Contact Information Reach out to us and our Research Executives will ensure you get the report that meets all your requirements and address all your concerns. 14671 110 Avenue, Surrey, British Columbia, V3R2A9 www.emergenresearch.com www.emergenresearch.com sales@emergenresearch.com +1 (604) 757-9756

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