Market Overview

Global Special Purpose Needles Market 2018-2022| Increasing Target Population Requiring Special Purpose Needles to Boost Demand| Technavio

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Technavio
analysts forecast the global special purpose needles market to grow at a
CAGR of close to 8% during the forecast period, according to their
latest market research report. The growth momentum of the market is
expected to accelerate in the year-over-year growth.

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Technavio analysts forecast the global special purpose needles market to grow at a CAGR of close to  ...

Technavio analysts forecast the global special purpose needles market to grow at a CAGR of close to 8% by 2022. (Graphic: Business Wire)

Growing demand for pen needles is one of the major trends being
witnessed in the global
special purpose needles market 2018-2022
. Chronic disease such
as diabetes requires insulin administration at regular intervals and
thus, pen needles are equally helpful for elderly people and those with
mobility issues who cannot frequently travel to hospitals. Thus, growing
popularity for self-administration of insulin for the treatment of
diabetes as a part of home care will increase the use of pen needles,
which will boost the growth of the market during the forecast period.

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only:
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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global special purpose needles market is the
increasing target population requiring special purpose needles:

Global special purpose needles market:
Increasing target population requiring special purpose needles

Special purpose needles are used for the target population for drug
deliveries and to diagnose and treat chronic conditions such as
diabetes, tumors and infectious diseases. Such target population is also
used for collecting the fluid samples and cell samples. Also, increasing
awareness among the target population about diseases such as HIV/AIDS,
simplex malaria, typhus and tuberculosis that require the use of special
purpose needles will further spur the demand for special purpose needle
across the globe.

According to a senior analyst at Technavio, "CDC says, more than 100
million adults in the US are living with diabetes or prediabetes. In
2015, approximately 30.3 million individuals had diabetes in the US, and
approximately 84.1 million individuals had prediabetes, which if not
treated, could lead to type 2 diabetes by 2020. Also, Eurostat says, in
2014, around 30 million people are suffering from chronic diabetes in
the EU. Thus, the growth in the incidence of diabetes is expected to
increase the adoption of special purpose needles."

Global special purpose needles market:
Segmentation analysis

The global special purpose needles market research report provides
market segmentation by end-user (hospitals, ASCs, and others) and by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting
for close to 45% share. It was followed by EMEA and APAC respectively.
The dominance of the Americas can be attributed to the increasing target
population requiring special purpose needles and growing demand for pen
needles.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
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competitive positions within changing market scenarios.

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