Boston, MA -- (SBWIRE) -- 06/27/2017 -- The delivery of injectable medications into the body with pen devices are done with the help of pen needles. Advances in technology are causing a shift in end-user preference from invasive procedures to minimally and non-invasive procedures. Pen needles are mainly used by individuals with diabetes who require multiple daily injections. Pens are preferred for drug delivery due to its user-friendliness and ease of use compared to syringes. The high cost of pens compared to syringes is the main challenge to the adoption of these devices. North American countries such as the US and Canada are the major revenue contributors due to the favorable reimbursement policies for pen needles.

Technavio's analysts forecast the global pen needles market to grow at a CAGR of 10.06% during the period 2017-2021.

Get More Details on this Report and a Full Table of Contents at Global Pen Needles Market 2017-2021

Covered in this report
The report covers the present scenario and the growth prospects of the global pen needles market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales of pen needle products.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Pen Needles Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-BD
-Novo Nordisk
-Ypsomed
-B. Braun

Other prominent vendors

-Allison Medical
-Artsana
-Beipu Medicals
-Henso Medical
-HTL-STREFA
-Medtronic
-Medline
-Menarini Diagnostics
-Owen Mumford
-Pietrasanta
-Simple Diagnostics
-Stat Medical
-Terumo
-Trividia Health
-UltiMed

Market driver

-Increasing preference for pen needles over syringes and vials
-For a full, detailed list, view our report

Market challenge

-Shortage of endocrinologists
-For a full, detailed list, view our report

Market trend

-Technological advances in non-invasive techniques
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: BD, Novo Nordisk, Ypsomed, B. Braun, Allison Medical, Artsana, Beipu Medicals, Henso Medical, HTL-STREFA, Medtronic, Medline, Menarini Diagnostics, Owen Mumford, Pietrasanta, Simple Diagnostics, Stat Medical, Terumo, Trividia Health, UltiMed

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