“Insulin Pen Needles Market” Research Insights 2023-2027 report offers valuable information to support business analytics and strategic decision-making. The report examines current market opportunities, ongoing industry trends, and the latest innovations. It includes comprehensive data on top companies, successful marketing strategies, and CAGR value, as well as in-depth insights into recent developments. The report analyzes key growth patterns, sales revenue, demand-supply scenarios, and developing strategies for major market players. It also provides critical details on key suppliers.
Who are the leading players in Insulin Pen Needles market?
- BD
- Novo Nordisk
- Artsana
- B. Braun
- Terumo
- Ypsomed
- Owen Mumford
- HTL-Strefa
- Beipu
- Kangdelai
- Ulticare
- Allison Medical
- Dongbao
{Impressive Compound annual growth rate (CAGR) With Multiple million USD}
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Short Description of Insulin Pen Needles Market:
The global Insulin Pen Needles market was valued at 149.02 Million USD in 2021 and will grow with a CAGR of 4.97% from 2021 to 2027, According to our newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Insulin Pen needles are used in conjunction with injection pens to deliver injectable medications into the body. An insulin pen needle consists of a hollow needle which is embedded in a plastic hub and attaches to injection pens. Pen needles come in a variety of needle lengths and diameters and are used by both health professionals and patients for injection of a variety of medications. They are commonly used by people with diabetes who often require multiple daily insulin injections. The global average price of Insulin Pen Needles is in the decreasing trend, from 121.7 USD/K Unit in 2012 to 118.0 USD/K Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years. The classification of Insulin Pen Needles includes Standard Insulin Pen Needles and Safety Insulin Pen Needles, and the proportion of Standard Insulin Pen Needles in 2016 is about 95%, and the proportion is in decreasing trend from 2012 to 2016. Insulin Pen Needles is widely used for Home and Medical Institutions. The most proportion of Insulin Pen Needles is for home use, and the proportion in 2016 is about 92%. North America is the largest supplier of Insulin Pen Needles, with a production market share nearly 43.5% in 2016. Europe is the second largest supplier of Insulin Pen Needles Media, enjoying production market share nearly 38.7% in 2016. Europe is the largest consumption place, with a consumption market share nearly 41% in 2016. Following Europe, North America is the second largest consumption place with the consumption market share of 30%. Market competition is not intense. BD, Novo Nordisk, Artsana, B. Braun, Terumo, Ypsomed, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
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On the Basis of Product Type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
- Standard Insulin Pen Needles
- Safety Insulin Pen Needles
On the Basis of the End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:
- Home Use
- Medical Institutions
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