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The rising awareness about the adverse effects of diabetes to fuel the growth of Europe Pen Needles Market

Europe Pen Needles Market
bhargav moturi | 05.09.2018
Pen needles are utilized in conjunction with injection pens to deliver injectable medications into the body. A pen needle consists of a hollow needle that is embedded in a very plastic hub and attaches to injection pens. Pen needles are available in a spread of needle lengths and diameters and are employed by health professionals and patients for injection of a spread of medicines. They are normally employed by individuals with diabetes who usually need multiple daily insulin injections.

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Europe pen needles market is predicted to achieve USD 0.87 billion by 2021 from USD 0.54 billion in 2016, growing at a CAGR of 10.00% for ensuing five years 2016-2021. Conferences, campaigns, and congresses to create consciousness concerning pen needle utilization are expected to continue promoting the expansion of the pen needles market within the forecast time period.

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Drivers and Restraints:
According to the World Health Organization in 2014, over 1.9 billion people were well-known to be overweight, of which, around 600 million people were weighty. Risk factors like avoirdupois and being overweight are extraordinarily connected to the incidence of diabetes that has been rising by epidemic proportions, thus engendering a high prevalence of diabetes. Consequently, the large population afflicted with diabetes is driving the marketplace for insulin delivery devices just like the pen needles.

The increasingly rising infrastructure and also the rising oversight at intervals the health care business in many regions of the world is one in all the foremost vital promoters of the market growth. Additionally, the rising awareness of health consciousness, painless injections with pen needles, and improvement in compensation policies are effectively increasing the marketplace for pen needles.

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Geographical Segmentation:
On the idea of geographical areas, Europe pen needles market is divided as U.K., Germany, France, Italy, and Spain. Germany is calculable to account for the most important share of the Europe pen needles market in 2016, whereas France is predicted to grow at the best CAGR throughout the forecast period 2016-2021.
The key companies in the current market Becton, Dickinson and Company, Novo Nordisk A/S, Ypsomed Holding AG, de UltiMed, Inc., Allison Medical, Inc., Owen Mumford, Ltd., B. Braun Melsungen, Artsana S.p.a., HTL-STREFA S.A., and Terumo Corporation, among others.


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