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Zhao Zhuo Nun
Place: 7th
Average: 4.625
Zhao Zhuo Nun had a pretty smooth run. He was consistent with his photos. Despite this, I’ll also say that he is in the top 5 at most of my favourite looks this cycle! His facial features remind me of Tsolmon’s from MoNTM cycle 3 effortlessly! He’s been able to deliver photos in the top 5 at least multiple times. Although he couldn’t finish his journey on top, his run was most definitely one of the most colourful and harmonious.
Makeover: 6/10
Portfolio/post-show work:
Weibo account ⬅️
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Pen Needles Market worth $2.5 billion by 2028
Pen Needles Market in terms of revenue was estimated to be worth $1.6 Billion in 2023 and is poised to reach $2.5 Billion by 2028, growing at a CAGR of 9.1% from 2023 to 2028 according to a new report by MarketsandMarkets™.
The increasing healthcare expenditure on diabetes care, and mandates pertaining to safety pen needles are some factors that provide lucrative opportunities for key players in the market. However, reuse and misuse of pen injectors, and factors such as needles anxiety and preference of alternative modes of drug delivery, such as infusion pumps, are expected to restrain the market and pose significant challenges for market players.
Attractive opportunities Pen Needles Market
Download an Illustrative overview:
Browse in-depth TOC on "Pen Needles Market"
150 - Tables
80 - Figures
250 – Pages
"Discounts offered on the online purchases of pen needles to drive the growth of this segment"
Online purchase is the fastest growing segment of the pen needles market, by mode of purchase. The convenience of online purchases, and time-efficient drive the growth of this segment. Additionally, patients who need pen needles on a regular basis can even get subscriptions for a monthly supply, which further makes it more convenient.
The over-the counter purchase segment accounted for the largest share of the pen needles market by mode of purchase, in 2022. This is due to the large number of patients buying pen needles from local pharmacies without the need of a prescription. Additionally, distributors and suppliers provide discounts to hospitals and clinics on bulk purchases, which further contributes to the large share of this segment.
"Asia Pacific likely to emerge as the fastest-growing pen needles market, globally"
The pen needles market is segmented into five major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa. Asia Pacific attributes to the highest growth rate amongst the other regions. The emerging Asian countries, such as China, India, and Japan, are offering significant growth opportunities for market players. The expansion of healthcare infrastructure and increase in disposable incomes, increase incidences of diabetes are factors which are likely to support the growth of pen needles market in the region.
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Pen Needles Market Dynamics:
Drivers
Rising incidence of chronic diseases
Favorable reimbursements in mature markets
Growing adoption of self-administration
Decreasing prices of insulin formulations
Restraints
Alternative methods of drug delivery
Poor reimbursements in emerging markets
Needle anxiety
Opportunities
Growing preference for biosimilar drugs
High-growth potential of emerging economies
Rising healthcare expenditure on diabetes
Regulatory mandates for safety pen needles
Challenges
Reuse of pen needles
Misuse of injection pens
Key Market Players of Pen Needles Industry:
The key players in the pen needles market B. Braun Melsungen AG (Germany), Embecta Corp. (US), and Novo Nordik A/S (Germany). These companies adopted strategies such as collaborations, partnerships, and investments to strengthen their presence in the market.
Recent Developments:
In February 2023, Montmed, Inc. (Canada) announced issuance of a second US Patent for Sitesmart Pen Needles.
In April 2022, Embecta Corp. (US) completed the spin-off from Becton, Dickinson and Company (US) and started operating globally as a standalone pure-play diabetes care company.
In February 2021, UltiMed, Inc. (US) launched UltiCare safety pen needles in two sizes, 5mm 30G and 8mm 30 G.
In January 2021, NHS (UK) chose Owen Mumford (UK) as the sole supplier of safety pen needles. With this partnership, Owen's pen needles will be used in all NHS Wales hospitals.
Get 10% Free Customization on this Report:
Pen Needles Market Advantages:
Convenience: Pen needles are user-friendly and require minimal setup, making them a convenient option for self-administration of medications, particularly for individuals with diabetes.
Precision: These needles offer precise and consistent dosing, reducing the risk of medication errors and ensuring accurate delivery of treatment.
Pain Reduction: Many pen needles are designed with features like ultra-thin gauges and advanced injection mechanisms to minimize pain and discomfort during injections.
Portability: Pen needles are compact and easily portable, allowing individuals to carry them discreetly and administer injections anywhere, contributing to a more flexible lifestyle.
Reduced Fear: Their compact design and less intimidating appearance can help alleviate the fear associated with injections, especially in pediatric and needle-phobic patients.
Compatibility: Pen needles are compatible with a wide range of medications, making them versatile for various therapeutic needs beyond diabetes.
Smart Technology Integration: Many modern pen needles are equipped with smart features like dose memory, Bluetooth connectivity, and mobile apps for tracking and monitoring injections, enabling patients and healthcare providers to manage treatment more effectively.
Reduced Cross-Contamination Risk: Disposable pen needles reduce the risk of cross-contamination as they are designed for single use, promoting safety and hygiene.
Cost-Effective: The competitive market has driven prices down, making pen needles an affordable option for a broad patient demographic.
Improved Quality of Life: The advantages of pen needles, such as pain reduction, precision, and convenience, collectively contribute to an improved quality of life for individuals requiring injectable therapies, ultimately enhancing treatment adherence and overall well-being.
#Pen Needles Market#Standard Pen Needles Market Size#Safety Pen Needles Market Share#Pen Needles Market Growth
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Trocbuy: Joli plain pied fonctionnel sur plus de 700m² ensoleillé dans une commune paisible et verdoyante Les maisons Demeurance ont trouvé pour vous ce Plain pied moderne et personnalisable à envie, sur plus de 570m² de terrain dans une résidence privilégiée et verdoyante sur la commune de Montm...
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Hey guys, I I know we are halfway through the montm but still want to share my Artfight card for anyone who want to follow me.🥺🥺🥺👉👈💕💕💕💕💕 Is my first ArtFight event, so there is not much but the gallery of my Oc's and few art (one attack art that I did to a friend) and one that I received from another friend. Please, don't be shy to add me to your list, it will bring me a big smile.🥺🥺🥺☺️☺️☺️☺️💕💕💕💕💕
Here is the link to my ArtFight page ☺️☺️☺️☺️❤️🖤❤️🖤❤️🖤:
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Pen Needles Market is Set to have an Advanced Development by 2028 –Becton, Dickinson and Company
Pen Needles Market 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟐 𝐢𝐬 𝐜��𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐞𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐚 𝐪𝐮𝐚𝐥𝐢𝐭𝐚𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 quantitative 𝐰𝐚𝐲 𝐭𝐨 𝐞𝐧𝐬𝐮𝐫𝐞 𝐚 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 of the Pen NeedlesMarket. In addition to identifying, analyzing, and estimating new trends, this research report also examines key industry drivers, challenges, and opportunities in addition to evaluating competitors, geographical areas, types, and applications. Understanding the competitive landscape is crucial for determining the product improvements that are needed. Industries can securely make decisions about their production and marketing strategy since they can obtain comprehensive insights from a Pen Needlesreport.
𝐀 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐯𝐢𝐞𝐰𝐞𝐝 𝐛𝐲 𝐯𝐢𝐬𝐢𝐭𝐢𝐧𝐠 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐞𝐌𝐚𝐢𝐥 𝐈𝐃 𝐭𝐨 𝐆𝐞𝐭 𝐇𝐢𝐠𝐡𝐞𝐫 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐲) 𝐚𝐭:
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩����: Becton, Dickinson and Company, Novo Nordisk, Ulticare, Ypsomed Holding AG, B. Braun Melsungen AG, Terumo Corporation, Owen Mumford Ltd., Allison Medical, Cambridge Sensors Ltd., Montmed Inc., and Stat Medical Inc.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐁𝐲 𝐓𝐲𝐩𝐞
Standard Pen Needles
Safety Pen Needles
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
Insulin
Glucagon Like Peptide-1[Glp-1]
Growth Hormones
By Region
North America, US, Canada, Latin America, Brazil, Mexico, Rest of Latin America, Western Europe, Germany, UK, France, Spain, Italy, Benelux, Nordic, Rest of Western Europe, Eastern Europe, Russia, Poland, Rest of Eastern Europe, Asia Pacific, China, Japan, India, South Korea, Australia, ASEAN (Indonesia, Vietnam, Malaysia, etc.), Rest of Asia Pacific, Middle East & Africa, GCC, South Africa, Turkey and Rest of the Middle East & Africa.
Key Highlights
• The report provides analysis of current global Pen Needlesmarket landscape.
• The report explores the most likely scenarios of the pandemic that are going to impact the Pen Needlesindustry in long-term.
• The report does a detailed analysis studying how the global market is changing.
• The report looks at how the global Pen Needlesmarket is shifting, the target market which have biggest opportunities, and trends on horizon that may impact your business directly or indirectly.
• The report highlights the key challenges, risk that you may face in near term as well as highlights opportunities.
Explore Full Report with Detailed TOC Here:
𝐓𝐚𝐛𝐥𝐞 𝐎𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭: 1. Pen NeedlesMarket Introduction 1.1. Definition 1.2. Research Scope 2. Executive Summary 2.1. Key Findings by Major Segments 2.2. Top strategies by Major Players 3. Global Pen NeedlesMarket Overview 3.1. Pen NeedlesMarket Dynamics 3.1.1. Drivers 3.1.2. Opportunities 3.1.3. Restraints 3.1.4. Challenges 3.2. COVID-19 Impact Analysis in Global Pen NeedlesMarket 3.3. PESTLE Analysis 3.4. Opportunity Map Analysis 3.5. PORTER’S Five Forces Analysis 3.6. Market Competition Scenario Analysis 3.7. Product Life Cycle Analysis 3.8. Manufacturer Intensity Map 3.9. Major Companies sales by Value & Volume 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞.
Complete Growth Report Is Available (Including the Full TOC, Tables and Figures, Graphs as Well As Chart):
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Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data. Contact us for your special interest research needs at [email protected] and we will get in touch with you within 24hrs and help you find the market research report you need.
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Title: Romantic Montmartre Artist: manjik ( http://bit.ly/2VeCkww ) Uploaded Date: April 20, 2019 at 04:50PM Description: Feel free to follow me on : Instagram /Facebook /Flickr /Twitter
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Romantic Montmartre by manjik
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Yves Montand - Quand un soldat (Francis Lemarque) Yves Montand au Théâtre de l'Étoile - 1953 Yves Montand - Quand un soldat - YouTube : version studio d’abord en 78 tours, microsillon Yves Montand chante ses dernières créations (1954) puis Le gamin de Paris et autres CD Yves Montand - Quand un soldat (live Roumanie 1957) - YouTube Quand un soldat (Live à l'Olympia) - YouTube Francis Lemarque - Quand Un Soldat - YouTube Quand un soldat s'en va t'en guerre (Par Joël) - YouTube : Hommage à Francis Lemarque. Chanson de 1952, durant la guerre d'Indochine. Chanson plus Bifluorée - Quand un Soldat - YouTube 04 Quand un soldat s'en va t en guerre Francis Lemarque - YouTube Quand un soldat 2/7 - YouTube Lionel LEVEQUE - Quand un soldat - Francis LEMARQUE - YouTube
#Yves Montand#Quand un soldat#Francis Lemarque#Théâtre de l'Étoile#Yves Montand chante ses dernières créations#Le gamin de Paris#guerre d'Indochine#Jo��l#Chanson plus Bifluorée#choeur en balade#Semaine Franco-Allemande#Jumelage Montmélian Savoie -- Höchst im Odenwald#Lionel LEVEQUE
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This image and many others are available on refrigerator magnets, postcards, etc. Click to visit my shop. https://mistysworldboutique.etsy.com I'm here with a French poster which advertised a former nightclub known as "Le Chat Noir" or "The Black Cat". Opened in 1881 by Rodolphe Salis, it was originally called "Cabaret Artistique". It was intended to be a café in "the purest style of Louis XII," with wrought iron chandeliers, where patrons could drink hypocras in golden bowls and absinthe in the manner of Victor Hugo and Garibaldi. Salis rented the cheapest accomodation he could find, a two-room site in Montmartre. The wine was bad, the decor was poor, but a splendidly dressed Swiss Guard was stationed at the door, tasked with bringing in artists and poets while keeping out priests and the military. Its success was assured by the patronage of writer Émile Goudeau and his literary club known as "Les Hydropathes," meaning "Those who fear water" (hence they drank only spirits).🥃 As Le Chat Noir prospered, it grew and in 1885 it moved to a new location. Famous patrons included Paul Verlaine, Claude Debussy and Henri de Toulouse-Lautrec to name a few. Another patron was Swiss artist Théophile Steinlen who had a fondness for cats, including them in many of his works. In 1896 he designed this poster. Some of the artists had created a small shadow theatre in the club.👥️️ The shadow plays grew in popularity and eventually the troupe, with Salis, went on tour, traveling throughout France and as far as Tunis and Algeria. The spread of these shows was made successful by Steinlen's poster. The words mean "Coming Soon. Tour of the Black Cat. Salis had planned to move the cabaret from Montmartre to Paris, but he died in march 1897. With him died the cabaret. The artists dispersed and the club closed down, to the dismay of Picasso and others who looked for it during the Paris Exposition of 1900. Today the original site at 84 Boulevard de Rochechouart is occupied by an Auchan store, but a plaque telling the cabaret's history is mounted outside. While the cabaret may be gone, cats are at their height of popularity!😻
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nous avons fait une bébé randonnée hier et ?? cet endroit est le secret de mieux gardé de la ville ?? c’est à 10 minutes de bus de chez moi il y a une grosse rivière et une chute (et je ne parle pas des chutes montm*rency qui sont un peu plus loin) au bout ? c’était tout joli et lorsqu’on arrivait au point le plus haut on voyait derrière les arbres : d’un côté l’autoroute, de l’autre le fleuve, et de l’autre le cin*plex odeon ejhslrhlske q u o i
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Street - Flying
#trees#sky#red#girl#people#street#blue#sun#light#colors#photo#fly#paris#france#pink#jump#stairs#montm
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Pen Needles Market Size, Share, Trends and Revenue Forecast [2028]
Pen Needles Market in terms of revenue was estimated to be worth $1.6 Billion in 2023 and is poised to reach $2.5 Billion by 2028, growing at a CAGR of 9.1% from 2023 to 2028 according to a new report by MarketsandMarkets™.
The increasing healthcare expenditure on diabetes care, and mandates pertaining to safety pen needles are some factors that provide lucrative opportunities for key players in the market. However, reuse and misuse of pen injectors, and factors such as needles anxiety and preference of alternative modes of drug delivery, such as infusion pumps, are expected to restrain the market and pose significant challenges for market players.
Download an Illustrative overview:
Browse in-depth TOC on "Pen Needles Market"
230 - Tables
56 - Figures
248 – Pages
Pen Needles Market Dynamics:
Drivers
· Rising incidence of chronic diseases
· Favorable reimbursements in mature markets
· Growing adoption of self-administration
· Decreasing prices of insulin formulations
Restraints
· Alternative methods of drug delivery
· Poor reimbursements in emerging markets
· Needle anxiety
Opportunities
· Growing preference for biosimilar drugs
· High-growth potential of emerging economies
· Rising healthcare expenditure on diabetes
· Regulatory mandates for safety pen needles
Challenges
· Reuse of pen needles
· Misuse of injection pens
Key Market Players of Pen Needles Industry:
B. Braun Melsungen Aktiengesellschaft
embecta.
Novo Nordisk
Ypsomed Holding AG
Terumo Medical Corporation
Nipro Medical Corporation
Owen Mumford
ARKRAY,Inc.
UltiMed, Inc.
Hindustan Syringes & Medical Device Ltd.
North America is projected to be the largest regional market for pen needles industry
North America dominates the pen needles market. The North American region is gaining traction with the increasing incidence and prevalence of chronic diseases. Moreover due to strong foothold of major key players in the region, rising approval of pen injectors for multiple applications across many countries, and initiatives by government to increase the awareness about the advancements in insulin drug delivery are likely to play a major role in fueling the growth of the pen needles market in North America.
Recent Developments:
· In February 2023, Montmed, Inc. (Canada) announced issuance of a second US Patent for Sitesmart Pen Needles.
· In April 2022, Embecta Corp. (US) completed the spin-off from Becton, Dickinson and Company (US) and started operating globally as a standalone pure-play diabetes care company.
· In February 2021, UltiMed, Inc. (US) launched UltiCare safety pen needles in two sizes, 5mm 30G and 8mm 30 G.
· In January 2021, NHS (UK) chose Owen Mumford (UK) as the sole supplier of safety pen needles. With this partnership, Owen's pen needles will be used in all NHS Wales hospitals.
Get 10% Free Customization on this Report:
Pen Needles Market Advantages:
· Convenience: Pen needles are user-friendly and require minimal setup, making them a convenient option for self-administration of medications, particularly for individuals with diabetes.
· Precision: These needles offer precise and consistent dosing, reducing the risk of medication errors and ensuring accurate delivery of treatment.
· Pain Reduction: Many pen needles are designed with features like ultra-thin gauges and advanced injection mechanisms to minimize pain and discomfort during injections.
· Portability: Pen needles are compact and easily portable, allowing individuals to carry them discreetly and administer injections anywhere, contributing to a more flexible lifestyle.
· Reduced Fear: Their compact design and less intimidating appearance can help alleviate the fear associated with injections, especially in pediatric and needle-phobic patients.
· Compatibility: Pen needles are compatible with a wide range of medications, making them versatile for various therapeutic needs beyond diabetes.
· Smart Technology Integration: Many modern pen needles are equipped with smart features like dose memory, Bluetooth connectivity, and mobile apps for tracking and monitoring injections, enabling patients and healthcare providers to manage treatment more effectively.
· Reduced Cross-Contamination Risk: Disposable pen needles reduce the risk of cross-contamination as they are designed for single use, promoting safety and hygiene.
· Cost-Effective: The competitive market has driven prices down, making pen needles an affordable option for a broad patient demographic.
· Improved Quality of Life: The advantages of pen needles, such as pain reduction, precision, and convenience, collectively contribute to an improved quality of life for individuals requiring injectable therapies, ultimately enhancing treatment adherence and overall well-being.
Related Links:
#Pen Needles Market#Standard Pen Needles Market Size#Safety Pen Needles Market Share#Pen Needles Market Growth#Pen Needles Market Trends
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SPECIAL PURPOSE NEEDLES MARKET ANALYSIS (2019-2027)
Special Purpose Needles Market – Insights
Special purpose needles are designed for delivering drugs and collecting fluids from the body. There are different types of special purpose needles such as fine aspirating needles, biopsy needles, hypodermic needles, pen needles, suture needles, IV catheter needle, implantation needles, dental needles, ophthalmic needles, blood collection needles, spinal anesthesia needles, epidural needles, A.V. fistula needles and cannula needles.
Special purpose needles are used for different drug deliveries and sample collection.
The global special purpose needles market is estimated to account for US$ 18,545.3 Mn in terms of value by the end of 2027.
Global Special Purpose Needles Market: Drivers
Increasing in prevalence of gynecologic cancer is expected to boost growth of the global special purpose needles market over the forecast period. For instance, according to the American Cancer Society, 110,070 new cases of gynecologic cancer were diagnosed in the U.S. in 2018 and the disease resulted in around 32,120 deaths in the same year.
Moreover, increasing number of biopsy procedures is also expected to boost growth of the market. For instance, according to a study by Truven Health Analytics, an IBM Company, in March 2018, a total of 18,903,337 breast imaging and biopsy procedures were received by the nationally projected population during a 13-month follow-up period in the U.S.
North America region held dominant position in the global special purpose needles market in 2019, accounting for 34.6% share in terms of value, followed by Europe
Figure 1. Global Special Purpose Needles Market Value (US$ Mn), by Region, 2019
Global Special Purpose Needles Market: Restraints
Increasing developments in needle-free injection technology is expected to hinder growth of the global special purpose needles market. For instance, in December 2019, Nephron Pharmaceuticals Corporation partnered with National Medical Products Inc., a developer of J-Tip Needle Free Injector, to provide patients quality care through virtually pain-free anesthetic.
Moreover, injections procedures may lead to multiple temporary or permanent side effects such as itchy skin, backache, nausea, loss of bladder control, abscess formation, and nerve damage. This in turn has led to increasing preference for alternative procedures such as oral drug administration and other traditional treatments including Ayurveda, Chinese medicine, and acupuncture.
Global Special Purpose Needles Market: Opportunities
Increasing preference for pain-free needles is expected to offer lucrative growth opportunities for players in the market. Diabetes patients require a regular dose of insulin, which increases demand for needles that offer less or no discomfort.
Moreover, increasing concerns regarding disposal of contaminated needles and other medical waste has led to stringent regulations on disposal of medical waste. Therefore, markets may focus on developing biodegradable needles.
Fine Aspirating Needles segment in the global special purpose needles market was valued at US$ 1,380.8 Mn in 2019 and is expected to reach US$ 2,526.1 Mn by 2027 at a CAGR of 7.8% during the forecast period.
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Market Trends/Key Takeaways
Increasing focus on mitigating needlestick injuries, HIV, and blood borne diseases due to needle has prompted companies to develop and introduce various needles with enhanced safety features. Products with advanced features such as self-retracting needles and needles with safety locking are gaining traction among healthcare professionals and patients.
In Europe, only products with CE mark are used. Most countries in the region have favorable reimbursement mechanism for special purpose needles. The demand for pen needles and biopsy needles is high in the region due to increasing prevalence of diabetes and cancer.
Value Chain Analysis -
Global Special Purpose Needles Market: Competitive Landscape
Major players operating in the global special purpose needles market include, Boston Scientific Corporation, Argon Medical Devices, Inc., Becton, Dickinson and Company, Cook Medical, B. Braun Melsungen AG, Medtronic Plc., Novo Nordisk A/S, SERAG-WIESSNER GmbH & Co., Smith’s Medical, Terumo Corporation, Stryker Corporation, and NIPRO Medical Corporation.
Global Special Purpose Needles Market: Key Developments
Major players in the market are focused on development and launch of new products to expand their product portfolio. For instance, in January 2020, Montmed, Inc. announced that the U.S. Patent and Trademark Office issued US Patent for the company's SiteSmart, a novel pen needle system designed to favor adherence to a healthy injection site rotation regimen.
Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in January 2019, IZI Medical Products acquired a set of biopsy and breast localization needles from Cook Medical for an undisclosed amount.
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At a CAGR of 8.0%, Special Purpose Needles Market To show exponential growth
US$ 1,184.3 Mn in 2019, By 2027, Special Purpose Needles Market To Surpass US$ 18,545.3 Mn
Figure 1. Global Special Purpose Needles Market Value (US$ Mn), by Region, 2019
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Description:
Special purpose needles are designed for delivering drugs and collecting fluids from the body. There are different types of special purpose needles such as fine aspirating needles, biopsy needles, hypodermic needles, pen needles, suture needles, IV catheter needle, implantation needles, dental needles, ophthalmic needles, blood collection needles, spinal anesthesia needles, epidural needles, A.V. fistula needles and cannula needles.
Special purpose needles are used for different drug deliveries and sample collection.
The global special purpose needles market is estimated to account for US$ 18,545.3 Mn in terms of value by the end of 2027.
Global Special Purpose Needles Market: Drivers
Increasing in prevalence of gynecologic cancer is expected to boost growth of the global special purpose needles market over the forecast period. For instance, according to the American Cancer Society, 110,070 new cases of gynecologic cancer were diagnosed in the U.S. in 2018 and the disease resulted in around 32,120 deaths in the same year.
Moreover, increasing number of biopsy procedures is also expected to boost growth of the market. For instance, according to a study by Truven Health Analytics, an IBM Company, in March 2018, a total of 18,903,337 breast imaging and biopsy procedures were received by the nationally projected population during a 13-month follow-up period in the U.S.
North America region held dominant position in the global special purpose needles market in 2019, accounting for 34.6% share in terms of value, followed by Europe
Figure 1. Global Special Purpose Needles Market Value (US$ Mn), by Region, 2019
Special Purpose Needles | Coherent Market Insights
Global Special Purpose Needles Market: Restraints
Increasing developments in needle-free injection technology is expected to hinder growth of the global special purpose needles market. For instance, in December 2019, Nephron Pharmaceuticals Corporation partnered with National Medical Products Inc., a developer of J-Tip Needle Free Injector, to provide patients quality care through virtually pain-free anesthetic.
Moreover, injections procedures may lead to multiple temporary or permanent side effects such as itchy skin, backache, nausea, loss of bladder control, abscess formation, and nerve damage. This in turn has led to increasing preference for alternative procedures such as oral drug administration and other traditional treatments including Ayurveda, Chinese medicine, and acupuncture.
Global Special Purpose Needles Market: Opportunities
Increasing preference for pain-free needles is expected to offer lucrative growth opportunities for players in the market. Diabetes patients require a regular dose of insulin, which increases demand for needles that offer less or no discomfort.
Moreover, increasing concerns regarding disposal of contaminated needles and other medical waste has led to stringent regulations on disposal of medical waste. Therefore, markets may focus on developing biodegradable needles.
Special Purpose Needles | Coherent Market Insights
Fine Aspirating Needles segment in the global special purpose needles market was valued at US$ 1,380.8 Mn in 2019 and is expected to reach US$ 2,526.1 Mn by 2027 at a CAGR of 7.8% during the forecast period.
Market Trends/Key Takeaways
Increasing focus on mitigating needlestick injuries, HIV, and blood borne diseases due to needle has prompted companies to develop and introduce various needles with enhanced safety features. Products with advanced features such as self-retracting needles and needles with safety locking are gaining traction among healthcare professionals and patients.
In Europe, only products with CE mark are used. Most countries in the region have favorable reimbursement mechanism for special purpose needles. The demand for pen needles and biopsy needles is high in the region due to increasing prevalence of diabetes and cancer.
Global Special Purpose Needles Market: Competitive Landscape
Major players operating in the global special purpose needles market include, Boston Scientific Corporation, Argon Medical Devices, Inc., Becton, Dickinson and Company, Cook Medical, B. Braun Melsungen AG, Medtronic Plc., Novo Nordisk A/S, SERAG-WIESSNER GmbH & Co., Smith’s Medical, Terumo Corporation, Stryker Corporation, and NIPRO Medical Corporation.
Global Special Purpose Needles Market: Key Developments
Major players in the market are focused on development and launch of new products to expand their product portfolio. For instance, in January 2020, Montmed, Inc. announced that the U.S. Patent and Trademark Office issued US Patent for the company's SiteSmart, a novel pen needle system designed to favor adherence to a healthy injection site rotation regimen.
Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in January 2019, IZI Medical Products acquired a set of biopsy and breast localization needles from Cook Medical for an undisclosed amount.
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