The pen needles market is expected to reach USD 2.81 Billion by 2021 from USD 1.65 Billion in 2016, growing at a CAGR of 11.2% from 2016 to 2021.
The market is segmented on the basis of type, needle length, therapy, and mode of purchase. By type, the market is categorized into standard and safety pen needles. The standard pen needles segment is expected to account for the largest share of the market in 2016. The large share of this segment can be attributed to the low cost of these instruments Еще
The pen needles market, based on needle length, is segmented into 4mm, 5mm, 6mm, 8mm, 10mm, and 12mm. The 8mm needle length segment is expected to account for the largest share of the market in 2016. However, pen needles with 4mm length are expected to grow at the highest CAGR in the market, by needle length. Growth in this segment can be attributed to the increasing adoption of pen needles of shorter length and technological advancements in 4mm pen needles. Еще