Pen Needles Market – Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2017–2024

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Pen Needles Market size is projected to
experience significant growth from 2017 to 2024.
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Regional Analysis of Infant Pen Needles Market

• Increasing worldwide prevalence of diabetes and
  obesity will spur pen needles market growth
  during the forecast period.
• As per International Diabetes Federation, the
  global prevalence of diabetes was 415 million in
  2015 and expected to reach 642 million by 2040.
  Increasing obese population will accelerate the
  prevalence of chronic diseases such as diabetes,
  high blood pressure, coronary heart diseases and
  stroke.
• Rising awareness programs for administration of
  insulin using, technological advancements for
  developing novel devices to reduce pain and
  favorable reimbursement systems in developed
  countries should fuel the pen needles market
  size.
• Alternative drug delivery systems such as oral
  insulin, inhaled insulin and needle-free products
  coupled with inability to reuse may hamper the
  product demand during the forecast years.

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• Increasing worldwide prevalence of diabetes and
  obesity will spur pen needles market growth
  during the forecast period.
• As per International Diabetes Federation, the
  global prevalence of diabetes was 415 million in
  2015 and expected to reach 642 million by 2040.
  Increasing obese population will accelerate the
  prevalence of chronic diseases such as diabetes,
  high blood pressure, coronary heart diseases and
  stroke.
• Rising awareness programs for administration of
  insulin using, technological advancements for
  developing novel devices to reduce pain and
  favorable reimbursement systems in developed
  countries should fuel the pen needles market
  size.
• Alternative drug delivery systems such as oral
  insulin, inhaled insulin and needle-free products
  coupled with inability to reuse may hamper the
  product demand during the forecast years.

4
Competitive Market Share of Lupus Therapeutics
Market

• Insulin market estimated to foresee lucrative
  growth due to rising awareness about product and
  self-administration of insulin coupled with
  favorable reimbursement policies.
• GLP-1 therapy will witness healthy growth in
  future due to its ability to minimize blood
  glucose level in patients with target disease.
  Homecare will be the major end user of the pen
  needles owing to self-administration of insulin
  on daily basis.
• Hospital segment is anticipated to witness
  healthy growth in the coming few years due to
  availability of highly-skilled professionals and
  the quality of patient care provided.

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