We understand that it is important to find quality diabetic supplies at an affordable price and it is equally important to have them delivered quickly and we provide both.
The study involved four major activities in estimating the current market size for pen needles.
Exhaustive secondary research was done to collect information about the market, peer markets, and the parent market.
The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research.
Thirdly, both top-down and bottom-up approaches were employed to estimate the complete market size.According MarketsandMarkets™ Research – The report “Pen Needles Market by Type (Standard Pen Needles and Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) – Global Forecast to 2024“, is expected to reach USD 1.8 billion by 2024 from an estimated USD 1.1 billion in 2019, at a CAGR of 10.8% during the forecast period (2019–2024).The Growth in the pen needles market is mainly driven by factors such as the growing prevalence of chronic diseases and the favorable reimbursement scenario in selected countries.
The insulin therapy segment is expected to grow at a higher CAGR during the forecast period primarily due to the high and growing diabetic population globally.
Since pen needles need to be replaced after every injection, the rising use of insulin pens is a major factor driving the demand for pen needles.
We understand that it is important to find quality diabetic supplies at an affordable price and it is equally important to have them delivered quickly and we provide both.https://affordablediabetic.org/
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