Report ID: SQMIG35A2722
Report ID:
SQMIG35A2722 |
Region:
Global |
Published Date: October, 2024
Pages:
165
|
Tables:
88 |
Figures:
76
North America dominates the global pen needles market due to a high prevalence of diabetes, robust healthcare infrastructure, and greater adoption of advanced medical devices. This region experiences a growing demand for pen needles owing to the large healthcare expenditure and insurance coverage available, as well as government efforts to enhance the management of diabetes. In addition to this, increased awareness and education on diabetes self-care encourages the use of pen injectors, which further propels the market. North America-based major market players also encourage innovation by coming up with better and advanced pen needle models which improve comfort and compliance among patients. This entire well-established support system makes North America the dominant market for pen needles.
Europe is the fastest-growing region in the global pen needles market, driven by rising diabetes incidence, expanding healthcare spending, and supportive government policies aimed at improving diabetes care. Rising understanding regarding diabetes management as well as the improvements in the availability of sophisticated pen needles augments the adoption rates in the region. In addition, the growing aging population in Europe, which is more susceptible to diabetes, is also driving the demand for convenient and safe injection methods. Developments within the local manufacturers and adherence to the strict European health and safety standard also help in the expansion. About patient comfort and ease of use, Europe is quickly developing to be the fastest growing region in the market.
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Report ID: SQMIG35A2722