The global insulin pen needles market is expected to grow due to an increasing need for therapeutic gadgets from patients, clinics and hospitals. The global insulin pens needles market is projected to expand at a CAGR of 8.0% during the forecast period 2017 to 2026.
In terms of region, the global insulin pen needles market is projected to be dominated by Europe in the upcoming years. The growth in this region can be attributed to a rising number of diabetes cases and government support. On the basis of segmentation, in terms of application, the global insulin pen needles market is divided into type 1 diabetes and type 2 diabetes. The market is expected to be ruled by type 2 diabetes during the forecast period.
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Pharmacies and Hospitals to Bolster Demand
The demand for insulin pens are high and would continue to be the same in the upcoming years. Pharmacies and hospitals stock up insulin pens for sales and treatment purposes respectively. Additionally, online drug stores are also expected to boost the insulin pens market. Such high demand across the globe is likely to result in stellar growth of the global insulin pen needles market. Moreover, patients who need insulin on a daily basis take self-injection shots. Rising demand from home care sector is expected to increase the market for insulin pens in future. Old age homes and rehabilitation centers to need such insulin pen shots to meet the demand of in- house aged patients. Hence, the global insulin pen needles market is projected to witness extensive growth avenues in the years to come.
Diabetes to Boost Global Insulin Pen Needles Market
Demand for insulin pen needles will continue to surge the market due to a rising number of diabetic patients across all age. Diabetes can occur at any age and a high amount of blood sugar levels lead to insulin shots to control on the condition. This drives the global insulin pen needles market to expand in the forthcoming years. Insulin pens are easy to handle as compared to conventional syringes. These insulin pens offer needles that are prefilled and can be replaced for the next use. They provide accuracy in dosage while administering injection shots. Insulin pens contain numbers in large fonts that are easier to read as compared to syringes. Hence, the global insulin pen needles market is expected to witness a surge in the upcoming years.
Alternatively, insulin pens click which indicates that the shot has been administered. This means that the injection has been given to the patient. This feature increases the demand for insulin pens, thus resulting in the expansion of the global insulin pen needles market.
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