Global Insulin Pen Needles Market: Overview
The global insulin pen needles market is expected to witness robust growth attributed to increasing prevalence of various diseases such as diabetes, HIV and hepatitis. In addition, increasing support from the government organization will continue to rev up demand of the insulin pen needles globally. As these medical devices are equipped with replaceable features, sales of the insulin pen needles will continue to remain high in the global market. Manufacturing companies are also increasingly focusing towards development of innovative medical devices that offers convenience and safety to the customers globally. However, increasing focus on development of the non-invasive medical devices is likely to inhibit sales of the insulin pen needles in the global market.
The report offers in-depth insights on the crucial aspects of the global insulin pen needles market and provides information regarding the growth factors, important segments, competitive landscape and factors propelling market growth.
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Global Insulin Pen Needles Market: Notable Developments
Growing need for safety vaccinations has led to surge in demand for the insulin pens and needles in the healthcare industry. Prevalence of diseases such as diabetes, HIV and hepatitis will continue to contribute towards growth of the global insulin needles pen market significantly. Increasing prevalence of diseases such as hepatitis and HIV has led to an upsurge in demand for insulin pens. According to a recent report by the CDC, 9.4% of the population in the U.S. have diabetes. Insulin pen needles will continue to gain traction attributed to various medical and technological advancements..
According to Transparency Market Research, the global insulin pen needles market is expected to represent a value of over US$ 3,800 Mn by the end of 2026.
Diabetes to Impact the Global Market Growth
Demand for the insulin pens continue to remain high among the diabetic patients as compared to the traditional vial and syringe technique. As the insulin pens are equipped with pre-filled and replaceable needle features, preference for the insulin pens continue to remain high in the global market. Equipped with autoshield needles and the insulin pens offer greater accuracy while injecting a dose. Companies in the healthcare industry are also focusing on offering insulin pens for the visually impaired and old aged people. In order to offer convenience and clarity, the insulin pens are stamped with numbers that are comparatively larger than the ones on syringes. As these insulin pens click while administering a dose, demand for the insulin pens continue to increase in the global market. With the growing need for the insulin pens, demand for the insulin pen needles will continue to increase in the global market.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands..
Key Players of Insulin Pen Needles Market Report:
Leading market players operating in the global insulin pen needles market include Becton, Dickinson and Company, Novo Nordisk Inc., Owen Mumford Ltd., VOGT MEDICAL, Perrigo Diabetes Care, MedExel Co., Ltd. and HTL-STREFA S.A.
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