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According to the latest report by Meticulous Research®, the pen needles market is anticipated to grow to $12.88 billion by 2031, with a compound annual growth rate (CAGR) of 9.9% over the forecast period. This market expansion is primarily fueled by the increasing incidence of diabetes, the rising demand for self-administered drug treatments, technological advancements, and higher healthcare spending. Additionally, the growing preference for pen needles over traditional vials and syringes, supportive reimbursement policies, and opportunities in emerging markets are expected to further drive significant growth in the industry.
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