Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
Increasing the use of pen needles over syringes due to the rise in diabetic patients is driving the market growth. The rising diabetes population worldwide is leading to a rise in the demand for insulin pens. The rising research and development activities for pen needles are aiding the growth of the industry. Various advantageous features like increased accuracy and improved patient satisfaction are offering growth opportunities to the industry. Additionally, since insulin pens are disposable, there is a lesser chance of cross-contamination. An increase in the geriatric population and adoption of pen needles is aiding the growth of the market. There is rising focus by the key players such as Novo Nordisk A/S and Ypsomed Holding AG, which in turn is driving the market growth potential.
To extend the care beyond the walls of hospitals in the current situation where healthcare is disrupted, pen needles are expected to witness a robust growth compared to pre-pandemic levels. Advancement in technology and new innovations in the market is driving the industry growth. On 9 December 2020, Novo Nordisk A/S (NYSE: NVO) announced the completion of the Emisphere Technologies acquisition, and in July 2021, Prothena and Novo Nordisk announced the acquisition agreement for Prothena’s ATTR amyloidosis programme. Various advantages of pen needles are leading to market growth.
Market Analysis by Product Type, Needle Length, Therapy, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global pen needles market are Beckton, Dickinson and Company, Novo Nordisk A/S, Ypsomed Holding AG, Owen Mumford, Ltd., Htl-Strefa S.A, and B. Braun Melsungen AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.