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Pen Needles Market Current Scenario & Forecast Growth Report (2024-2032)
Pen needles are thin needles which are one-time-use, used with insulin pens and other administered medications. These needles make it possible for patients with chronic illnesses for instance diabetes, to receive their doses of medication in a convenient way without much discomfort. Pen needles are available in different dimensions in terms of length and thickness, to suit each patient.
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Description
Pen Needles Market Synopsis:
Pen Needles Market Size Was Valued at USD 4.6 Billion in 2023, and is Projected to Reach USD 10.1 Billion by 2032, Growing at a CAGR of 10.3% From 2024-2032.
Pen needles are thin needles which are one-time-use, used with insulin pens and other administered medications. These needles make it possible for patients with chronic illnesses for instance diabetes, to receive their doses of medication in a convenient way without much discomfort. Pen needles are available in different dimensions in terms of length and thickness, to suit each patient.
Steady growth was observed in the pen needles market in the last few years due to the rising rates of chronic diseases that require daily injections. The pen needles are essential for patients who use injectable drugs more so insulin for diabetes type 1 patients. These needles are commonly used with insulin pens and although not as satisfying as syringes they are more patient friendly. Rising rates of type one and two diabetes around the world have also made the market for these products grow because of the rise in self injection. Furthermore, staking claims to growth hormone therapies and health fertility treatments is an influential factor towards the growth of the market.
The increase of awareness of self-administration injection a new market trend in the penetration of pen needles is observed. Safety pen needles which are products designed to ensure that there are no needle-stick injuries have been developed due to the demand for more secure medical products. Also, advances in the means through which the needles are designed, particularly with regards to their size and comfort, is a major thrust of manufacturers to enhance the compliance of patients with their prescribed treatment. Market growth is further expected due to improved population healthcare accessibility in emergent markets along with enhancements in needle technologies.
The market also has competitors’ related issues, particularly where there is increased pressure on costs of health care. It influence also such parameters as the availability of the cheaper conventional pen needles than the branded ones. That said, on-going advancements in the design of needles, like super thin and painless needles, are also minimizing these difficulties. Higher spending on healthcare delivery systems in emerging markets and favorable governmental policies for management of life style disorders such as diabetes should open up new opportunities for the pen needles market in the coming years.
Pen Needles Market Trend Analysis:
Growing Demand for Safety Pen Needles
A major factor acknowledged in the market for pen needles is the increasing consumption of safety pen needles. These needles are provided with safety guard to protect the needle after use at reducing the incidences of needle stick injuries. The growing concern of patient safety especially in home healthcare, has made health organizations to adopt safety pen needles. Minimizing the chance of transmitting infection is what these products do and gives a further layer of protection to people dealing with the ailment.
Other chronic illnesses for which regular injections are used have also increased across the world especially diabetes and this has boosted the uptake for safety needles. This paper aims at establishing the understanding of how the medical device safety pen needles are being developed by manufacturers to meet this need and to understand how different manufacturers are developing the efficiencies and cost effective solutions for the safety pen needles. In addition, a number of regulatory authorities across the world have raised awareness on safer practice in injection, which has promoted the use of safety pen needle in the global market. These safety features are expected to fuel the market ahead as consumer and practitioners look for measures to reduce risks tied to injections.
Expansion in Emerging Markets
Pen needles market have opportunity to grow in new markets. Current trends reveal projected growth of healthcare access in Asian Pacific, Latin America and parts of Africa and as the need for these syringes rises, more Pen Needles will be sold. Due to rise in prevalence of Diabetes and other chronic diseases particularly in these regions, there is a crucial health need for products such as Pen needles that are eco-modular and cost effective. The current governments of many emerging markets are trying to enhance the healthcares structure and make treatment more accessible which should additionally fuel the production and use of pen needles.
As disposable pen needles are easier to use in solo, they present a solution for health systems strained under the management of chronic diseases. Manufacturers can therefore build on this by providing economical products that can be afforded by more patients out there. One of the well-standing growth prospects for this industry is the chance to enhance the awareness of both, healthcare providers and patients in these areas about the opportunities of Pen needles usage. Those organisations that are able to pinpoint regulatory frameworks and set up the local channels of cooperation will soon experience high levels of growth in those virgin territories.
Pen Needles Market Segment Analysis:
Pen Needles Market is Segmented on the basis of Type, Length, Gauge, Application, End User, and Region.
By Type, Standard Pen Needles segment is expected to dominate the market during the forecast period
Diabetic patients and other patients who need to administer injectable drugs use standard pen needles. These needles are inexpensive basic and available in various sizes. He added that standard pen needles are user friendly and more affordable and are well embraced by most patients especially in areas where cost is a factor. However, these needles are sometimes less developed as far as safety is concerned than these counterparts.
Cohort 2 Convenience sample of patients with diabetes Type of Pen Needles Features Safety pen needles, which include features for avoiding needle-stick injuries are gaining popularity due to rising concern on patient safety. These needles have a feature that slides over the sharp end after use to minimize chances of accidental prick that in turn transmits infections. An increasing concern for safety in healthcare delivery and products is therefore fueling market acceptance of these needles, especially those used at home and in clinical facilities. These products are expanding through innovation from manufacturers to provide comfort and added convenience to patients.
By Application, Diabetes segment expected to held the largest share
Diabetes is one of the major uses which are pushing the development of the pen needles market. As the world has witnessed increased diabetes incidence, patient preference for insulin pen devices as a therapy input has also increased. Syringes injects have drawbacks In contrast, pen needles are easier to use when compared to syringes for daily use of insulin. This ease of use is one of the ways that have helped people maintain better compliance with treatment regimes for conditions such as diabetes.
Use of pen needles in growth hormone therapy is the other major area of application. Children with growth hormone deficiency or patients with Turner syndrome use injectable forms of treatment. Pen needles are less painful and comfortable compared to other modes of using these medications increasing patients’ compliance and thereby improving their status. As people gain knowledge of growth hormone deficiency, especially in children, the need for pen needles for these treatments will increase.
Pen Needles Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
North America region account for the largest market share in pen needles market due to various factors. The region has a large diabetes and other chronic condition patients’ population that requires frequent injections with the use of pen needles. The market in this region has advanced health care systems with self care culture prevalent in US and Canada these factors are driving this region ahead. Furthermore, North America has sound healthcare reimbursement policies that allow patients to get access to pen needles.
There constant enhancement in the health systems in North America and frequent innovations in technologies of medical devices including the pen needles. Players involved in the production of pen needles in this region go for high-tech research on the comfort, safety, and efficiency of the product hence a competitive market industry. That is why having the significant number of key participants in the context of the global healthcare industry, as well as the well-developed legal framework, North America holds a leading position in the pen needles market.
Active Key Players in the Pen Needles Market:
Novo Nordisk (Denmark)
BD (Becton, Dickinson and Company) (United States)
Owen Mumford (United Kingdom)
Terumo Corporation (Japan)
Ypsomed (Switzerland)
Medtronic (United States)
Mylan (Viatris) (United States)
F. Hoffmann-La Roche (Switzerland)
Gerresheimer AG (Germany)
Emperor Medical (China)
HTL-Strefa (Poland)
Allergan (Ireland), and Other Active Players
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter’s Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Pen Needles Market by Type of Vaccine
4.1 Pen Needles Market Snapshot and Growth Engine
4.2 Pen Needles Market Overview
4.3 Injectable Pentavalent Vaccine
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Injectable Pentavalent Vaccine: Geographic Segmentation Analysis
4.4 Oral Pentavalent Vaccine
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Oral Pentavalent Vaccine: Geographic Segmentation Analysis
Chapter 5: Pen Needles Market by Disease Coverage
5.1 Pen Needles Market Snapshot and Growth Engine
5.2 Pen Needles Market Overview
5.3 Diphtheria
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Diphtheria: Geographic Segmentation Analysis
5.4 Tetanus
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Tetanus: Geographic Segmentation Analysis
5.5 Pertussis
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Pertussis: Geographic Segmentation Analysis
5.6 Hepatitis B
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Hepatitis B: Geographic Segmentation Analysis
5.7 Haemophilus influenzae type b (Hib)
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Haemophilus influenzae type b (Hib): Geographic Segmentation Analysis
Chapter 6: Pen Needles Market by End User
6.1 Pen Needles Market Snapshot and Growth Engine
6.2 Pen Needles Market Overview
6.3 Hospitals
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Hospitals: Geographic Segmentation Analysis
6.4 Clinics
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Clinics: Geographic Segmentation Analysis
6.5 Government Healthcare Centers
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Government Healthcare Centers: Geographic Segmentation Analysis
6.6 Vaccination Campaigns
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Vaccination Campaigns: Geographic Segmentation Analysis
Chapter 7: Pen Needles Market by Distribution Channel
7.1 Pen Needles Market Snapshot and Growth Engine
7.2 Pen Needles Market Overview
7.3 Direct Sales
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Direct Sales: Geographic Segmentation Analysis
7.4 Online Sales
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Online Sales: Geographic Segmentation Analysis
7.5 Third-Party Distributors
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Third-Party Distributors: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Pen Needles Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 NOVO NORDISK (DENMARK)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 BD (BECTON
8.4 DICKINSON AND COMPANY) (UNITED STATES)
8.5 OWEN MUMFORD (UNITED KINGDOM)
8.6 TERUMO CORPORATION (JAPAN)
8.7 YPSOMED (SWITZERLAND)
8.8 MEDTRONIC (UNITED STATES)
8.9 MYLAN (VIATRIS) (UNITED STATES)
8.10 F. HOFFMANN-LA ROCHE (SWITZERLAND)
8.11 GERRESHEIMER AG (GERMANY)
8.12 EMPEROR MEDICAL (CHINA)
8.13 HTL-STREFA (POLAND)
8.14 ALLERGAN (IRELAND)
8.15 OTHER ACTIVE PLAYERS
Chapter 9: Global Pen Needles Market By Region
9.1 Overview
9.2. North America Pen Needles Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Type of Vaccine
9.2.4.1 Injectable Pentavalent Vaccine
9.2.4.2 Oral Pentavalent Vaccine
9.2.5 Historic and Forecasted Market Size By Disease Coverage
9.2.5.1 Diphtheria
9.2.5.2 Tetanus
9.2.5.3 Pertussis
9.2.5.4 Hepatitis B
9.2.5.5 Haemophilus influenzae type b (Hib)
9.2.6 Historic and Forecasted Market Size By End User
9.2.6.1 Hospitals
9.2.6.2 Clinics
9.2.6.3 Government Healthcare Centers
9.2.6.4 Vaccination Campaigns
9.2.7 Historic and Forecasted Market Size By Distribution Channel
9.2.7.1 Direct Sales
9.2.7.2 Online Sales
9.2.7.3 Third-Party Distributors
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Pen Needles Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Type of Vaccine
9.3.4.1 Injectable Pentavalent Vaccine
9.3.4.2 Oral Pentavalent Vaccine
9.3.5 Historic and Forecasted Market Size By Disease Coverage
9.3.5.1 Diphtheria
9.3.5.2 Tetanus
9.3.5.3 Pertussis
9.3.5.4 Hepatitis B
9.3.5.5 Haemophilus influenzae type b (Hib)
9.3.6 Historic and Forecasted Market Size By End User
9.3.6.1 Hospitals
9.3.6.2 Clinics
9.3.6.3 Government Healthcare Centers
9.3.6.4 Vaccination Campaigns
9.3.7 Historic and Forecasted Market Size By Distribution Channel
9.3.7.1 Direct Sales
9.3.7.2 Online Sales
9.3.7.3 Third-Party Distributors
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Pen Needles Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Type of Vaccine
9.4.4.1 Injectable Pentavalent Vaccine
9.4.4.2 Oral Pentavalent Vaccine
9.4.5 Historic and Forecasted Market Size By Disease Coverage
9.4.5.1 Diphtheria
9.4.5.2 Tetanus
9.4.5.3 Pertussis
9.4.5.4 Hepatitis B
9.4.5.5 Haemophilus influenzae type b (Hib)
9.4.6 Historic and Forecasted Market Size By End User
9.4.6.1 Hospitals
9.4.6.2 Clinics
9.4.6.3 Government Healthcare Centers
9.4.6.4 Vaccination Campaigns
9.4.7 Historic and Forecasted Market Size By Distribution Channel
9.4.7.1 Direct Sales
9.4.7.2 Online Sales
9.4.7.3 Third-Party Distributors
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Pen Needles Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Type of Vaccine
9.5.4.1 Injectable Pentavalent Vaccine
9.5.4.2 Oral Pentavalent Vaccine
9.5.5 Historic and Forecasted Market Size By Disease Coverage
9.5.5.1 Diphtheria
9.5.5.2 Tetanus
9.5.5.3 Pertussis
9.5.5.4 Hepatitis B
9.5.5.5 Haemophilus influenzae type b (Hib)
9.5.6 Historic and Forecasted Market Size By End User
9.5.6.1 Hospitals
9.5.6.2 Clinics
9.5.6.3 Government Healthcare Centers
9.5.6.4 Vaccination Campaigns
9.5.7 Historic and Forecasted Market Size By Distribution Channel
9.5.7.1 Direct Sales
9.5.7.2 Online Sales
9.5.7.3 Third-Party Distributors
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Pen Needles Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Type of Vaccine
9.6.4.1 Injectable Pentavalent Vaccine
9.6.4.2 Oral Pentavalent Vaccine
9.6.5 Historic and Forecasted Market Size By Disease Coverage
9.6.5.1 Diphtheria
9.6.5.2 Tetanus
9.6.5.3 Pertussis
9.6.5.4 Hepatitis B
9.6.5.5 Haemophilus influenzae type b (Hib)
9.6.6 Historic and Forecasted Market Size By End User
9.6.6.1 Hospitals
9.6.6.2 Clinics
9.6.6.3 Government Healthcare Centers
9.6.6.4 Vaccination Campaigns
9.6.7 Historic and Forecasted Market Size By Distribution Channel
9.6.7.1 Direct Sales
9.6.7.2 Online Sales
9.6.7.3 Third-Party Distributors
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Pen Needles Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Type of Vaccine
9.7.4.1 Injectable Pentavalent Vaccine
9.7.4.2 Oral Pentavalent Vaccine
9.7.5 Historic and Forecasted Market Size By Disease Coverage
9.7.5.1 Diphtheria
9.7.5.2 Tetanus
9.7.5.3 Pertussis
9.7.5.4 Hepatitis B
9.7.5.5 Haemophilus influenzae type b (Hib)
9.7.6 Historic and Forecasted Market Size By End User
9.7.6.1 Hospitals
9.7.6.2 Clinics
9.7.6.3 Government Healthcare Centers
9.7.6.4 Vaccination Campaigns
9.7.7 Historic and Forecasted Market Size By Distribution Channel
9.7.7.1 Direct Sales
9.7.7.2 Online Sales
9.7.7.3 Third-Party Distributors
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
Q1: What would be the forecast period in the Pen Needles Market research report?
A1: The forecast period in the Pen Needles Market research report is 2024-2032.
Q2: Who are the key players in the Pen Needles Market?
A2: Novo Nordisk (Denmark), BD (Becton, Dickinson and Company) (United States), Owen Mumford (United Kingdom), Terumo Corporation (Japan), Ypsomed (Switzerland), Medtronic (United States), Mylan (Viatris) (United States), F. Hoffmann-La Roche (Switzerland), Gerresheimer AG (Germany), Emperor Medical (China), HTL-Strefa (Poland), Allergan (Ireland), and Other Active Players.
Q3: What are the segments of the Pen Needles Market?
A3: The Pen Needles Market is segmented into Type, Length, Gauge, Application, End User and region. By Type, the market is categorized into Standard Pen Needles, Safety Pen Needles. By Length, the market is categorized into Short Pen Needles, Long Pen Needles. By Gauge, the market is categorized into 31 Gauge, 32 Gauge, 33 Gauge, 34 Gauge, 35 Gauge. By Application, the market is categorized into Diabetes, Growth Hormone Therapy, Fertility Treatment, Other. By End-User, the market is categorized into Hospitals, Homecare, Clinics. By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
Q4: What is the Pen Needles Market?
A4: Pen needles are thin needles which are one-time-use, used with insulin pens and other administered medications. These needles make it possible for patients with chronic illnesses for instance diabetes, to receive their doses of medication in a convenient way without much discomfort. Pen needles are available in different dimensions in terms of length and thickness, to suit each patient.
Q5: How big is the Pen Needles Market?
A5: Pen Needles Market Size Was Valued at USD 4.6 Billion in 2023, and is Projected to Reach USD 10.1 Billion by 2032, Growing at a CAGR of 10.3% From 2024-2032.
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