South America Pen Needles Market – Size, Outlook, Trends and Forecast (2024

South America Pen Needles Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Pen needles are the devices which are used to deliver the medication (such as insulin or other injectable medications) in combination with injection pens. A pen needle comprises a hollow needle attached to injection pen. They are also available in varied needle lengths and are majorly utilized by diabetes patients.

South America Pen Needles Market Segments Size & Growth:

South America Pen Needles Market size is projected to reach approximately $0.24 billion by the end of 2024 with a CAGR of close to 9.28% from $0.19 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include rising diabetes prevalence, a comparative advantage over syringes and vials, technological advancements, increasing awareness of the general public, government support in certain countries. However, reusability of pen needles, complications associated with needle use, availability of alternative dosage forms, poor reimbursement policies in underdeveloped and developing countries are thereby hampering the market growth.

South America Pen Needles Market Segments Share:

South America Pen Needles Market is categorised into therapy which comprises growth hormone, Insulin, and GLP-1. Among them, insulin therapy segment is expected to hold the largest share in

South America Pen Needles Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

the market. By Type, the market is segmented into standard pen needles and safety pen needles. Among them, standard pen needles segment is expected to account for the is planning to

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South America Pen Needles Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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