Pen Needles Market - Analysis & Global Forecast to 2019 - New Market Report

From: Fast Market Research, Inc.
Published: Sat Dec 06 2014

Pen Needles Market by Type (Standard and Safety), Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, and 12mm), Therapy (Insulin, Glucagon-like peptide, Growth Hormones) - Analysis & Global Forecast to 2019

Over the years, the pen needles market has witnessed various technological advancements in order to cater to the growing demand of safety injections in the healthcare industry. These advancements have led to development of safety pen needles with an aim to reduce pain, increase comfort, and most importantly reduce needlestick injuries (NSIs).

The standard pen needles segment accounts for the largest share of the global pen needles market, by type, while 6mm pen needles accounted for the largest share of the pen needles market, by needle length. Insulin therapy account for major share of the pen needles market, by therapy in 2014.

Europe accounted for the largest share of the global pen needles market, followed by North America, Asia, and the Rest of the World (RoW). In the coming years, the pen needles market is expected to experience the highest growth rate in the Asian region, with emphasis on India, China, and Japan. These countries are expected to serve as revenue pockets for pen needle manufacturers.

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The global pen needles market witnesses high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (new product launches, acquisitions, and geographical expansions) to increase their market shares and to establish a strong foothold in the global market.

Reasons to Buy the Report:

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps the firms garner a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:

* Market Penetration: Comprehensive information on the product portfolios offered by the top players in the pen needles market. The report analyzes pen needles products by type
* Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the pen needles market
* Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the markets for various pen needles technologies across regions
* Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the pen needles market

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