Chicago, IL -- (SBWIRE) -- 10/11/2016 -- According to the report, "Pen Needles Market, by Needle Length, (4mm, 5mm, 6mm, 8mm, 10mm, and 12mm), Types (Safety Pen Needles, Standard Pen Needles), Therapies (Insulin, Growth Hormone, Glucagon-Like Peptide-1 Therapy), Geography (North America, Europe, Asia-Pacific, Rest of the World) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", the market for pen needles is estimated to witness a healthy growth during the forecast period.
The global pen needles market report focuses on the growth trends and revenue forecasts for the global market. The report also offers insights into the market drivers, restraints, segmentation, shares, and the key players.
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According to the pen needles market report, the global market is set to grow at an impressive Compound Annual Growth Rate (CAGR) during the forecast period. The rapid rise in the instances of chronic diseases such as diabetes and the rising demand from the different parts of the world are the major driving factors for the market. The rapid advancements in the pen needle technologies are also expected to increase the demand for the market products across different geographic regions. The rise in the geriatric population and favorable reimbursement policies are also expected to influence the growth patterns for this market during the forecast period.
The pen needles market report segments the global market by needle length, therapies, and the major geographic regions. Based on needle length, the report segments the global market into 12mm, 10mm, 8mm, 6mm, 5mm, and 4mm. The therapy segments included in the report consist of Glucagon-like peptide-1 therapy, growth hormones therapy, and insulin therapy. The major geographic regions include Asia-Pacific, Europe, North America, and Rest of the World. According to the geographic forecast provided in the report, the Europe region is expected to dominate the global market based on the overall market share. Asia-Pacific is expected to record the fastest growth by 2022, due to the rise in the geriatric population and the improved healthcare infrastructure in the region.
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The pen needles market report includes some of the key market players, which include Allison Medical, Inc., Artsana S.P.A., B. Braun Melsungen, Becton Dickinson and Company, Htl-Strefa S.A., Novo Nordisk A/S, Owen Mumford, Ltd, Terumo Corporation, Ultimed, Inc., Ypsomed Holding Ag, and such others. The rising demand from various geographic regions is expected to increase the growth opportunities for the key players.
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