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Increasing worldwide prevalence of diabetes and obesity will spur Pen Needles Market growth during the forecast period. As per International Diabetes Federation, the global prevalence of diabetes was 415 million in 2015 and expected to reach 642 million by 2040. Increasing obese population will accelerate the prevalence of chronic diseases such as diabetes, high blood pressure, coronary heart diseases and stroke.
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Pen Needles Market size is projected to experience significant growth from 2017 to 2024.: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network
Regional Analysis of Infant Pen Needles Market : • Increasing worldwide prevalence of diabetes and obesity will spur pen needles market growth during the forecast period. • As per International Diabetes Federation, the global prevalence of diabetes was 415 million in 2015 and expected to reach 642 million by 2040. Increasing obese population will accelerate the prevalence of chronic diseases such as diabetes, high blood pressure, coronary heart diseases and stroke. • Rising awareness programs for administration of insulin using, technological advancements for developing novel devices to reduce pain and favorable reimbursement systems in developed countries should fuel the pen needles market size. • Alternative drug delivery systems such as oral insulin, inhaled insulin and needle-free products coupled with inability to reuse may hamper the product demand during the forecast years.
Increasing worldwide prevalence of diabetes and obesity will spur pen needles market growth during the forecast period. • As per International Diabetes Federation, the global prevalence of diabetes was 415 million in 2015 and expected to reach 642 million by 2040. Increasing obese population will accelerate the prevalence of chronic diseases such as diabetes, high blood pressure, coronary heart diseases and stroke. • Rising awareness programs for administration of insulin using, technological advancements for developing novel devices to reduce pain and favorable reimbursement systems in developed countries should fuel the pen needles market size. • Alternative drug delivery systems such as oral insulin, inhaled insulin and needle-free products coupled with inability to reuse may hamper the product demand during the forecast years.
Competitive Market Share of Lupus Therapeutics Market • Insulin market estimated to foresee lucrative growth due to rising awareness about product and self-administration of insulin coupled with favorable reimbursement policies. • GLP-1 therapy will witness healthy growth in future due to its ability to minimize blood glucose level in patients with target disease. Homecare will be the major end user of the pen needles owing to self-administration of insulin on daily basis. • Hospital segment is anticipated to witness healthy growth in the coming few years due to availability of highly-skilled professionals and the quality of patient care provided.
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