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Smart Insulin Pen Market to Witness Widespread Expansion During 2019 – 2026

The United States smart insulin pen market is expected to witness a CAGR of more than 35% to reach market value of around US$ 392 Million by 2026. The market has witnessed steady growth in the past few years and development in technology with the introduction of advanced products has increased the acceptance of smart insulin pen in the market.  Request for a sample of report @ https://mindaspiremarketresearch.com/request-sample/report/cha-market-analysis “Smart Insulin Pen Market Outlook 2026: United States Opportunity and Demand Analysis, Market Forecast 2019 – 2026” presents an in–depth assessment of the United States smart insulin pen market dynamics, opportunities, future road map, competitive landscape and discusses major trends. The report offers the most up–to–date industry data on the actual market situation and future outlook in the United States smart insulin pen market. The report includes historical data from 2018 and forecasts until 2026. The report contains a granular analysis of the present industry situations, market demands, reveal facts on the market size, volume, revenues for smart insulin pen and illustrative forecast to 2026. The report also provides an all–round analysis of an overall number of patients with diabetes and insulin users in the United States. Additionally, the report includes an assessment of reimbursement pattern and offers a clear view of the regulatory landscape of the insulin pens. The report also explores detailed description of growth drivers and inhibitors of the United States smart insulin pen market. The report concludes with the profiles of major players in the United States smart insulin pen market. The key market players are evaluated on various parameters such as business overview, products offered and recent development. The Major Companies Dominating this Market for its Products, Services and Continuous Product Developments are: • Companion Medical • Diabnext • Digital Medics Ptd Ltd. • Emperra GmbH E–Health Technologies • Diamesco Co., Ltd. Ask an Analyst @ https://mindaspiremarketresearch.com/inquire/report/cha-market-analysis The Latest Industry Data Included in this Report: • United States Diabetes Population and Forecast (2013 – 2026) • United States Insulin Users and Forecast (2013 – 2026) • Smart Insulin Pen Users and Forecast (2018 – 2026) • Smart Insulin Pen Market and Forecast (2018 – 2026) • United States Insulin Pen Reimbursement Policies • United States Insulin Pen Regulation System • Market Definition for the Specified Topic Along with Identification of Key Drivers and Inhibitors for the Market • A Comprehensive List of Key Market Players Along with the Analysis of their Current Products Offered and Recent Development

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Special Purpose Needles Market to Witness Widespread Expansion by 2026

2:38 pm 28 May 2019

Patients affected by various infectious diseases are subject to long & umpteen number of medical tests, which are incomplete without the use of multipurpose and special needles such as sharps. Growing prevalence of infectious diseases such as cancer and diabetes are propelling demand for special purpose needles in the healthcare sector such as hospitals, clinics and medical stores. The global special needles market is expected to register a CAGR of 7.5% over the forecast period, 2016-2026.

 

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Among various types of needles, Hypodermic needles are witnessing rapid demand, which in turn will contribute towards growth of the market in terms of revenue in the coming years. Besides various applications, special purpose needles will be mainly used for drug delivery purposes. Whereas, hospital pharmacies will be prominent distribution channel among others.

 

Market Dynamics

 

Apart from infectious diseases, spinal disorders will further add to the list of factors fuelling demand for special purpose needles in hospitals and clinics over the following decade. Furthermore, imposition of government regulations regarding advanced healthcare systems, safe usage of needles, surge in government support and joint efforts by supply chain executives to increase efficiency will boost demand for special purpose needles. However, growing awareness regarding needle-free injection technology in parallel with high cost of special purpose needles will restrain growth of the market in the coming years. Moreover, instances of product recalls due to low quality are further inhibiting growth of the market.

 

Collaborations between private medical companies and government, in order to spread awareness among patients regarding unsafe usage of used needles is a prominent trend witnessed in the market over the following decade. Furthermore, companies operating in the market are mainly directing their efforts to offer production of user-friendly safety needles in order to prevent needle injuries that could propagate HIV and other blood borne diseases.

 

Regional Analysis

In terms of revenue, the market in North America will grow at a CAGR of 8.2% and will reach a market value of US$ 5,506.7 Mn by the end of 2026. Whereas, the market in APEJ will grow relatively fast at a CAGR of 7.7% in the span of next ten years. Collectively, the markets in North America, APEJ and Western Europe will account for 74.7% market share in 2016.

 

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Vendor Insights

Some major market players operating in the global special purpose needles market include Medtronic, Becton, B. Braun Melsungen AG, Dicksen and Company, Smiths Medical, Terumo Corporation, Nove Nordisk A/S, Boston Scientific Corporation, NIPRO Medical Corporation, Stryker Corporation, Argon Medical Devices, Inc., SERAG-WEISSNER GmbH & Co. and Cook Medical.

special purpose needles market
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