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
- Standard Pen Needles
- Safety Pen Needles
- Growth Hormones
By Mode of Purchase
- Rest of Europe
- B. Braun Melsungen AG
- BIOCORP Production
- Ipsen Pharma
- Novo Nordisk A/S
- Owen Mumford, Ltd.,
- Smiths Group Plc.,
- Spirit Healthcare Ltd.
- Vygon SA
- Ypsomed AG
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