Pen Needle Market: By Product Type, By Size, By Application, By Distribution Channel, and Region Forecast 2019-2030

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Pen Needle Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Standard Insulin Pen Needle, Safety-engineered Insulin Pen Needle), By Size (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), By Application (Type I Diabetes, Type II Diabetes), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies & Drug Stores, Online Pharmacies), and Region Forecast 2019-2030

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Pen Needle Market was valued at US$ 4,282.9 million in 2023 and is poised to grow at a 12.3% CAGR from 2024 to 2030. Pen needles are pen injections used in the delivery of injectable medicines into the body of a patient. Pen needles are comprised of hollow needles embedded in a plastic body and are available in variety of needle lengths and diameters. The pen needles are most commonly used in the treatment of type I diabetics and type II diabetics for injecting insulin and other types of medications. Thus, the increasing prevalence of diabetes has surged the demand for pen needles and thus expected to drive the growth of market over the forecast period. For instance, according to the International Diabetes Federation (IDF), 642 million people are estimated to have diabetes by 2040.

In addition, the increasing prevalence of other chronic diseases such as osteoporosis, cardiovascular disease, and multiple sclerosis requires daily or weekly drug administration by the use of pen injectables which is anticipated to drive the growth of the pen injections market over the forecast period. furthermore, due to their simplicity, and reliability pen needles can administer drugs directly by the patients without the aid of a physician, this is expected to boost the growth of the market over the forecast period. However, the needlestick injuries, pain, infection, and hyperglycemia associated with pen needle administration are expected to hinder the growth of the market over the forecast period. In addition, changing the preference of patients in alternative modes of drug delivery is anticipated to hold and hinder the growth of market over the forecast period. Moreover, the growing preference of biosimilar drugs are anticipated to provide opportunities to the market players in the market growth over the forecast period. 

Key Developments

  • In September 2019, Owen Mumford Inc. launched the Ateria Safe Control, the next generation of safety pen needles.
  • In January 2019, BD received FDA approval for its second-generation BD nano pen needle, designed for more reliable subcutaneous injection depth.

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Global Pen Needles Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

11.2%

Largest Market

North America

Fastest Growing Market

North America

Pen Needles Market Dynamics

Increasing prevalence rate of diabetes is one of the primary factors that enables drive the Global Pen Needles Market. As per International Diabetes Federation (IDF), around 642 Mn of the total population is estimated to have diabetes by 2040. People with obesity are highly prone to diabetes which in turns rise market growth of pen needles. As per, Diabetes.Co.UK, obesity is reported for 80-85% of the risk of diabetes development. Growing adaptation of pen needles and minimally invasive methods over conventional systems, increasing geriatric population is expected to fuel the market growth of pen needles. However, a dearth of specialized endocrinologists to treat diabetes, hormonal imbalances, thyroid disorders etc., issues and risks related to the safe usage of pen needles and strict regulatory framework for the development of new products are the few factors which are restraining the market size growth.

Global Pen Needles Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 4,282.9 million

Market CAGR

11.2%

By Product Type

  • Standard Insulin Pen Needle,
  • Safety-Engineered Insulin Pen Needle

By Size

  • 4mm,
  • 5mm,
  • 6mm,
  • 8mm,
  • 10mm,
  • 12mm

By Application

  • Type I Diabetes,
  • Type II Diabetes

By Distribution Channel

  • Hospital Pharmacies,
  • Retail Pharmacies & Drug Stores,
  • Online Pharmacies

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The pen needles market provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis

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Frequently Asked Questions

The global pen needles market size was valued at US$ 4,282.9 million in 2023 and is projected to grow at a CAGR of 12.3% from 2024 to 2030.

Novo Nordisk A/S (Denmark), Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Ypsomed Holding AG (Switzerland), Terumo Corporation (Japan), HTL-STREFA S.A. (Poland)

The pen needles market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Growing preference for biosimilar drugs across the globe is anticipated to provide opportunities to market players in the growth of pen needle market over the forecast period.

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Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Pen Needles Market Introduction 
2.1.Global Pen Needles Market  - Taxonomy
2.2.Global Pen Needles Market  - Definitions
2.2.1.Product Type 
2.2.2.Size
2.2.3.Application
2.2.4.Distribution Channel
2.2.5.Region
3.Global Pen Needles Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Pen Needles Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Pen Needles Market  By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Standard Insulin Pen Needle,
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Safety-Engineered Insulin Pen Needle
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Mineral Spirits
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Varnish Makers & Painters Naphtha
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Others (Paraffinic Solvent, Pentane, and Solvent 140)
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6.Global Pen Needles Market  By Size, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. 4mm,
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. 5mm,
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. 6mm,
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. 8mm,
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. 10mm,
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. 12mm
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global Pen Needles Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Type I Diabetes,
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Type II Diabetes
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8.Global Pen Needles Market  By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Hospital Pharmacies,
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Retail Pharmacies & Drug Stores,
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Online Pharmacies
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
9.Global Pen Needles Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Pen Needles Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Standard Insulin Pen Needle,
10.1.2.Safety-Engineered Insulin Pen Needle
10.1.3.Mineral Spirits
10.1.4.Varnish Makers & Painters Naphtha
10.1.5.Others (Paraffinic Solvent, Pentane, and Solvent 140)
10.2.  Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.4mm,
10.2.2.5mm,
10.2.3.6mm,
10.2.4.8mm,
10.2.5.10mm,
10.2.6.12mm
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Type I Diabetes,
10.3.2.Type II Diabetes
10.4.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Hospital Pharmacies,
10.4.2.Retail Pharmacies & Drug Stores,
10.4.3.Online Pharmacies
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Pen Needles Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Standard Insulin Pen Needle,
11.1.2.Safety-Engineered Insulin Pen Needle
11.1.3.Mineral Spirits
11.1.4.Varnish Makers & Painters Naphtha
11.1.5.Others (Paraffinic Solvent, Pentane, and Solvent 140)
11.2.  Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.4mm,
11.2.2.5mm,
11.2.3.6mm,
11.2.4.8mm,
11.2.5.10mm,
11.2.6.12mm
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Type I Diabetes,
11.3.2.Type II Diabetes
11.4.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Hospital Pharmacies,
11.4.2.Retail Pharmacies & Drug Stores,
11.4.3.Online Pharmacies
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
12.Asia Pacific (APAC) Pen Needles Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Standard Insulin Pen Needle,
12.1.2.Safety-Engineered Insulin Pen Needle
12.1.3.Mineral Spirits
12.1.4.Varnish Makers & Painters Naphtha
12.1.5.Others (Paraffinic Solvent, Pentane, and Solvent 140)
12.2.  Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.4mm,
12.2.2.5mm,
12.2.3.6mm,
12.2.4.8mm,
12.2.5.10mm,
12.2.6.12mm
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Type I Diabetes,
12.3.2.Type II Diabetes
12.4.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Hospital Pharmacies,
12.4.2.Retail Pharmacies & Drug Stores,
12.4.3.Online Pharmacies
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Pen Needles Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Standard Insulin Pen Needle,
13.1.2.Safety-Engineered Insulin Pen Needle
13.1.3.Mineral Spirits
13.1.4.Varnish Makers & Painters Naphtha
13.1.5.Others (Paraffinic Solvent, Pentane, and Solvent 140)
13.2.  Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.4mm,
13.2.2.5mm,
13.2.3.6mm,
13.2.4.8mm,
13.2.5.10mm,
13.2.6.12mm
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Type I Diabetes,
13.3.2.Type II Diabetes
13.4.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Hospital Pharmacies,
13.4.2.Retail Pharmacies & Drug Stores,
13.4.3.Online Pharmacies
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Pen Needles Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Standard Insulin Pen Needle,
14.1.2.Safety-Engineered Insulin Pen Needle
14.1.3.Mineral Spirits
14.1.4.Varnish Makers & Painters Naphtha
14.1.5.Others (Paraffinic Solvent, Pentane, and Solvent 140)
14.2.  Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.4mm,
14.2.2.5mm,
14.2.3.6mm,
14.2.4.8mm,
14.2.5.10mm,
14.2.6.12mm
14.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Type I Diabetes,
14.3.2.Type II Diabetes
14.4.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Hospital Pharmacies,
14.4.2.Retail Pharmacies & Drug Stores,
14.4.3.Online Pharmacies
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Novo Nordisk A/S
15.2.2.Becton
15.2.3.Dickinson and Company
15.2.4.Terumo Corp.
15.2.5.Owen Mumford Ltd.
15.2.6.Braun Melsungen AG
15.2.7.Ulti Med Inc.
15.2.8.HTL-STREFA
15.2.9.Allison Medical Inc.
15.2.10.Artsana S.p.A.
16. Research Methodology 
17. Appendix and Abbreviations 

Key Market Players

  • Novo Nordisk A/S
  • Becton
  • Dickinson and Company
  • Terumo Corp.
  • Owen Mumford Ltd.
  • Braun Melsungen AG
  • Ulti Med Inc.
  • HTL-STREFA
  • Allison Medical Inc.
  • Artsana S.p.A.

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