Global Pen Needles Consumption Market is segmented on the basis of type as
Standard Pen Needles, and Safety Pen Needles. The technologically advanced
devices that are employed in the conjunction process along with injection pens
to provide injectable medications into the body are known as pen needles. They
are available in a wide range of lengths and diameters. Many health
professionals and patients make use of them for injecting various medications.
It generally comprises an empty needle that is implanted in a
plastic hub and that further links to injection pens. It has been noted that
they are frequently employed by people those who are suffering from diabetes
and people who are in need of regular insulin injections.
The most striking aspect associated with the use of these
devices is that they enable a comfortable mode of insulin transfer. Plus, they
offer a much better option for drug delivery as compared to syringes and vials.
They are prepared with electro-polishing for enabling needle smoothness plus
they possess fine pointed tips so that the penetration is carried out easily.
The plastic caps are made for more safety and the individual wrapping is done
for easy sterility.
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The key factors that are playing a major role in raising the
share of the market include rise in the diabetic population, suitable
reimbursement environment, rise in the support from the government authorities,
augmented benefits of insulin pens over syringes and vials, and technological
advancements to reduce the level of pain and anxiety. Moreover, many
conferences, meetings, and congresses are being conducted that are eventually
raising the awareness level concerning pen needle among the masses. The only
factors that are acting as major hurdles in the growth of the market include
the resistance against shifting towards enhanced pens and pen needles from
traditional syringes and vials.
Pen Needles Consumption Market is segmented on the basis of
needle length as 4mm, 5mm, 6mm, 8mm, 10mm, and 12mm. Among all the needle
lengths, the segment of 8mm is covering the largest share in the market. Pen
Needles Consumption Market is segmented on the basis of mode of purchase as
Retail, and Non-retail. Pen Needles Consumption Market is segmented on the
basis of therapy as Insulin, Glucagon-like-Peptide-1, and Growth Hormone. Pen
Needles Consumption Market is segmented on the basis of geographical location
as North America, China, Europe, Japan, India, and Southeast Asia.
As far as geographical region is concerned, Europe is
currently the dominant region in the market and it has acquired the largest
share in the market, the reason being rise in the industrialization,
technological advancements, augmented demand from healthcare sector, rising
concern towards safety issues, rising European Union’s directives on the avoidance
of sharp injuries in hospitals, implementation in the regulatory frameworks to
reduce needlestick wounds and raise the level of utilization of
safety-engineered devices, rise in the occurrence of high diabetes and
favorable reimbursement surrounding.
In contrast, Asia is also likely to come up as one of the
promising regions in the market due to emergence of market growth opportunities
in the region, rapidly growing diabetic population, increasing awareness, and
increasing adoption of pen devices for insulin delivery. It is estimated that
the region will emerge as the fastest growing region until the next couple of
years.
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