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Pen Needles Industry Forecasts Till, 2014 - 2025.

Europe dominated the market because of the growing prevalence of diabetes in the region. According to Diabetes UK, 4 million people are found to be suffering with diabetes. Moreover, the UK government is taking initiatives to raise awareness among people and invest in diabetes care and research so that better treatment techniques and facilities are available for diabetic patients.

Asia Pacific is expected to witness fastest growth over the forecast period owing to rising awareness about availability of technologically advanced products for treatment of diabetes. The changing lifestyle of people has also led to the increase in number of people with type 2 diabetes.

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Competitive Insights

Some of the major companies of this market are TERUMO CORPORATION; Novo Nordisk A/S; B. Braun Melsungen AG; Becton Dickinson and Company; Ypsomed, UltiMed, Inc.; Artsana S.p.a.; HTL-STREFA; and Allison Medical.

In order to fulfill the unmet needs of the patients with diabetes, most of the companies go for regional expansion, development of new products with improvised technology and mergers & acquisitions. For instance, in 2013, the launch of BD Autoshield Duo Safety Pen Needle by Becton Dickinson and Company in UK and Ireland aimed at minimizing needle stick injuries in those countries.

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