Global Pen Needles Market Forecast 2023
Bharat Book Bureau Provides the Trending Market Research Report on "Pen Needles Market by Type (Standard Pen Needles and Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP-1, Growth Hormone, and Others), Mode of Purchase (Retail, Non-Retail) - Global Forecasts to 2023” (https://www.bharatbook.com/marketreports/pen-needles-market-by-type-standard-pen-needles-and-safety-pen-needles-needle-length-4mm-5mm-6mm-8mm-10mm-12mm-therapy-i/548317) under Life Sciences Category. The report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
The pen needles market is projected to grow at a CAGR of 11% during the forecast period.
The Pen Needles Market is expected to reach 3.4 billion by 2023 from an estimated USD 2.0 billion in 2018, at a CAGR of 11.0% during the forecast period. Growth in the pen needles market is mainly driven by factors such as the growing prevalence of chronic diseases and the favorable reimbursement scenario in selected countries. The growing preference for biosimilar drugs is another factor providing a wide range of growth opportunities for key players in the market. On the other hand, the preference for alternative modes of drug delivery and the poor reimbursement scenario in developing countries are key factors restricting market growth to a certain extent. The reuse of pen needles is another key factor challenging market growth.
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Last Update : Feb 19, 2019
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