The Asia-Pacific pen needle market is anticipated to grow at a CAGR of 9.4% during the forecast period. The rapidly increasing prevalence of diabetes is creating a substantial scope for the growth of the pen needle industry in the Asia-Pacific region over the forecast period. Highly populated countries such as India and China are experiencing a significant increase in the cases of diabetes where both, China and India hold 40.0% of the total world population share. For instance, According to the International Diabetes Federation (IDF), India had the second-highest cases of diabetes in 2019 which is around 77 million. Similarly, in 2019 China has an estimated 116 million adults that accounts for 10.9% of the population who have diabetes. Such high number of cases is expected to significantly influence the expansion of pen needle market across the region.
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Furthermore, the economies of Asia-Pacific, especially China, Japan, and India are engaging significantly in the development of innovative therapeutic and medical devices including pen needles. This will also provide new expansion opportunities to the market. Moreover, the increasing penetration of foreign players in the market is also aiding to the expansion of the pen needle market during the forecast period.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
o By Type
o By Therapy
o By Mode of Purchase
- Competitive Landscape- Becton, Dickinson and Company, Novo Nordisk A/S, Terumo Corp., Hindustan Syringes & Medical Devices Ltd., Berpu Medical Technology Co., Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Pen Needle Market Report Segment
By Type
- Standard Pen Needles
- Safety Pen Needles
By Therapy
- Insulin
- GLP-1
- Growth Hormones
By Mode of Purchase
- Retail
- Non-Retail
Asia-Pacific Pen Needle Market Report- Countries Covered
- India
- China
- Japan
- Rest of Asia-Pacific
A full report of Asia-Pacific Pen Needle Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-pen-needle-market
Asia-Pacific Pen Needle Market– Segment by Region
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- Braun Melsungen AG
- Becton, Dickson, and Co.
- Berpu Medical Technology Co., Ltd.
- Hindustan Syringes & Medical Devices Ltd.
- MedExel Co., Ltd.
- Mylife(Ypsomed India Private Ltd.)
- Nanchang YiLi Medical Instrument Co.
- Nipro Corp.,
- Novo Nordisk A/S
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