Pen needles are utilized along with injection pens for efficient drug delivery. These needles are generally used by people suffering from diabetes who often need several insulin injections on a daily basis. A pen needle is made of a hollow needle that is fixed in a plastic hub connecting to injection pens. The global market for pen needles is expected to showcase rapid growth over the forecast period (from 2014 to 2025). Pen needles are available in a number of needle diameters & lengths and are utilized by health professionals, as well as patients, for injecting a variety of drugs.
Changing Pen Needle Technology:
The rising occurrences of diabetes on a global level are the key growth drivers for the global industry, as diabetic patients commonly use these needles for easy drug delivery. The needle technology is improving constantly. Several years ago, home-usage syringe needles were larger and also had to be sharpened & sterilized by patients themselves. However, pen needles today are designed for greater ease-of-use and comfort with electropolishing for smoothness. Modern pen needles are much thinner and have plastic caps for safety, fine point tips for easy penetration, and separate wrapping for sterility.
BD Ultra-Fine Pen Needles:
The most recent development in pen needles is the BD Nano™4mm Pen Needle by Becton, Dickinson and Company. It is designed to decrease the soreness associated with everyday bolusing. The new product features the company’s proprietary PentaPoint needle tip design that promises a much comfortable & easier drug delivery as it has extra bevels.
Market Insights:
The pen needles market is expected to witness high growth rates over the coming years. People suffering from obesity, one of the major causes of diabetes, are the topmost revenue contributors toward the target market. The key manufacturers operating in the worldwide pen needles market are Owen Mumford Ltd.; Novo Nordisk A/S; Becton, Dickinson and Company; Terumo Corp.; Ypsomed AG; and B. Braun Melsungen AG. These key manufacturers are involved in various strategies such as mergers & acquisitions, novel technology & product development, and regional expansion to maintain their positions in the global market.
In-Depth research report on pen needles market:
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