Pen Needles Market Size, Segmentation To 2020: Grand View Research, Inc.

The rising prevalence of chronic diseases such as diabetes coupled with rise in the diabetic population globally are the key factors driving the pen needles market. The increasing demand for safety injections has led to the technological advances in the market. As of 2013, the standard needle segment covered the largest revenue share in the market. The cost effectiveness of standard needles is the major factor towards the growth of this segment. Safety needles are presumed to grow rapidly over the next six years. The insulin therapy segment has witnessed a high growth in 2013 and is expected to sustain its high growth rate during the forecast period owing to increasing incidences of pancreas dysfunction in the body.
http://www.grandviewresearch.com/industry-analysis/pen-needles-market