Market Research Reports- Consulting Analysis Crystal Market Research Pen Needle Market by Type, Needle Length, Therapy

Pen Needle Market Size Is Projected To Be
Around $4.9 Billion By 2025:
A research study titled, “Pen Needle Market by Type, Needle Length, Therapy and Mode
of Purchase - Global Industry Analysis and Forecast to 2025” published by Crystal Market
Research, states that the pen needle market is projected to be around $4.9 billion by 2025.
Diabetes is one of the most occurring chronic diseases characterized by either incapability of
pancreas to produce glucose or incapability of body to absorb glucose produced by pancreas.
According to survey conducted by International Diabetic Federation (IDF) in 2015, around 415
million are living with diabetes with proportion of type-2 diabetics increasing globally.
Largenumber of people aged 40 to 59 suffer from diabetes and related complications. Diabetic
people have high risk of developing several complications (such as vascular disorders, kidney
malfunctioning besides affecting eyes, nerves and teeth) due to high glucose level. Diabetes has
long term impact on health and economic condition of individual. Over a period of time, diabetes
affect kidney, damages heart vessels, and eyes, leading to malfunctioning of body. Besides,
people with diabetes are likely to incur huge expenditure causing financial burdens on them and
family members. There are many methods to inject insulin in body such as through syringes and
pen needles. Withseveral risks (such as sharp injuries or rapture of blood vessels) associated with
the use of syringes; the demand for insulin syringes is expected to decline in near future.
However, this will provide ample growth opportunities for the pen needle market.