The European pen needle market is anticipated to grow at a CAGR of 7.7% during the forecast period. The lucrative growth of the region is attributed to the presence of key players such as B. Braun Melsungen AG, Novo Nordisk A/S, Smiths Group Plc., and Vygon SA, which are pioneers in innovation, design, and manufacture of pen needles. Additionally, easy availability of pen needle across the region also aid to the growing shares of the market.
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Furthermore, a rise in cases of needlestick injuries in the region is another major factor that fuels the demand for pen needles. For instance, according to the European Parliament, more than one million needlestick injuries are reported every year in Europe. Moreover, the surge in awareness related to the damage caused by needlestick injuries propels the growth of this market.
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European Pen Needle Market Segmentation
By Type
Standard Pen Needles
Safety Pen Needles
By Therapy
Insulin
GLP-1
Growth Hormones
By Mode of Purchase
Retail
Non-Retail
Regional Analysis
UK
France
Germany
Italy
Spain
Rest of Europe
Company Profiles
B. Braun Melsungen AG
BIOCORP Production
Ipsen Pharma
Matzmedical
Novo Nordisk A/S
Owen Mumford, Ltd.,
Smiths Group Plc.,
Spirit Healthcare Ltd.
Vygon SA
Ypsomed AG
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