Market Research Reports- Consulting Analysis Crystal Market Research Pen Needle Market by Type, Needle Length, Therapy | Page 2
available, 8mm needle length accounted for the largest share of the global market in 2016; as these needles are
prescribe to large number of people including obese people. Insulin therapy segment dominated the overall market
in 2016, primarily due to increasing adoption of self-administration of insulin for diabetes type-1 as well as type-2.
With increasing trend in e-commerce, online purchase segment will witness high growth during the forecast period.
Europe accounted for the major share of the global pen needles market in 2016, primarily due to rising diabetic
population, increased funding for diabetic research, high adoption of technologically advanced devices, and rise in
demand for safe insulin delivery methods. However, Asia-Pacific is expected to witness high growth in forecast
period, due to increasing demand for better healthcare infrastructure and rise in awareness about commercially
available treatments for diabetes.
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Major players in the market are Becton, Dickinson and Company, Novo Nordisk A/S, Owen Mumford, Ltd., HTL-
STREFA S.A., B. Braun Melsungen, Ypsomed Holding AG, Terumo Corporation, and Allison Medical, Inc. These
players are highly focused on developing advanced products for the treatment of diabetes. For instance, in 2013,
Becton, Dickinson and Company launched BD Ultra-Fine Nano 4mm pen needle with easy flow technology for
easier and faster delivery of insulin in the body. Advanced features such as easy flow with 5mm needles and
digitalized pen needles will dominate the market in coming years.
Key Findings of the Research Study:
Standard pen needles segment accounted for the largest share of the global market in 2016, due to increase
in diabetic population and availability of cost effective standard pen needles.
Reusable and disposable pen needles segment accounted for almost equal share with reusable having
slightly higher market share in 2016.
U.S. dominated the global market and will continue to dominate during forecast period due to high demand
for technologically advanced devices and availability of better health infrastructure.
4mm needle length segment is expected to witness highest growth rate during forecast period due to its
short length.
Insulin therapy segment dominated the global market in 2016, owing to increasedpreferencefor self-
administration of insulin.
UK and Germany dominated the European market due to EU’s regulatory framework to minimized needle
related injuries and to increase in preference of self-administrative methods.
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Pen needle market is segmented on following basis:
By Type:
Safety Pen Needles