Pen Needles Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Global Pen Needles Market by Type (Standard pen needles, Safety Pen Needles), by Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), by Therapy (GLP-1, Growth Hormones, Insulin), by End user (Hospitals, Homecare, Diagnostic centers) and Geography

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SKU: N/A Categories: Healthcare, Medical Devices

Description
Table Of Content
Company Profile

Report

Description

pen Needles Market size was estimated at USD 2.2 Bn in 2021, growing at a CAGR of 11.2% during the forecast period 2022-2028. The pen needles Market is used in conjunction with injection pens in order to deliver injectable medications into the body. A pen needle comprises a needle that is hallowed and embedded in a plastic hub and attached to injection pens. Pen needles will available in different lengths and diameters to make them easily used by healthcare professionals and patients to administer medications. Generally, these pen needles are used by people with diabetes and who require insulin injections. Pen needles are an alternative delivery system of drug administration to the conventional method. Increasing government initiatives in the prevention of diabetes are expected to boost market growth. For instance, in 2013, World Health Assembly introduced a comprehensive global framework which is accompanied by WHO’s a global action plan for the prevention and control of NCD 2013-2020. Growing advanced technologies is also anticipated to drive the market growth of pen needles. For example, In 2013, Becton, Dickson, and Company launched BD Ultrafine nano 4mm pen needles with easy flow technology which enables easy adherence to insulin therapy regimens in diabetic patients.

Pen Needles Market

MARKET SUMMARY

11.2% CAGR

Study Period– 2022 – 2028
Base Year– 2021
CAGR– 11.2%
Largest Market– North America
Fastest Growing Market– Europe

Pen Needles Market

The report on the global Pen Needles Market gives historical, current, and future market sizes (US$ Bn) on the basis of type, length of the needle, therapy, end-user, and region.
global Pen Needles Market report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.
July 25, 2016, ARKRAY launched TechLITE Pen Needles used for subcutaneous injection of insulin for insulin-dependent diabetic patients.
29, 2014, Novo Nordisk, launched Novofine Plus, the thinnest and shortest pen needle in the U.S.

Market Key Players

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)
Artsana S.p.a (Italy)
Allison Medical, Inc. (U.S.)
UltiMed, Inc. (U.S.)
ARKRAY Inc. (U.S)

Pen Needles Market Drivers And Restraints

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 pen needles market size growth.

North-America Got Significant Share

Pen Needles Market

Geographically Global Market is segmented into North America, Europe, Asia- Pacific, Latin America, The Middle East & Africa. North America holds the largest share in pen needles market owing to the high prevalence of diabetes, high acceptance of state-of-art technologies. As per, American Diabetes Association, in 2015, diabetes is the 7th leading cause of death in U.S with 79,535 deaths. Europe accounted for the significant share in pen needles market. Asia Pacific region is anticipated to show significant growth due to the innovative product launches, affordability, raising awareness regarding healthcare in countries like China, India, and Japan.

Latin-America

North-America

Europe

Asia-Pacific

Middle East

Key

Key Features of the Report

The report provides granular level information about the market size, regional market share, and forecast from 2022-2028
The report covers in-detail insights about the competitor’s overview, key findings, and their key strategies
The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
The report tracks recent innovations, key developments, and startup’s details that are working in the industry
The report provides plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Segmentation

Pen Needles Market

By Type

Standard pen needles
Safety Pen Needles

needle length

4mm
5mm
6mm
8mm
10mm
12mm

therapy

GLP-1
Growth Hormones
Insulin

end user

Hospitals
Homecare
Diagnostic centers

Location

GEOGRAPHY

Frequently Asked Questions

The pen needles market is projected to expand at a CAGR of 11.% during the forecast period

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)

North America is the fastest-growing region for pen needles market

Report

Table Of Content

Executive Summary

Global Pen Needles Market Introduction
- Global Pen Needles Market – Taxonomy
- Global Pen Needles Market –Definitions
  - Type
  - Needle Length
  - Therapy
  - End User

Global Pen Needles Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global Pen Needles Market Dynamic Factors – Impact Analysis
- Global Pen Needles Market – Competition Landscape
- Epidemiology

Global Pen Needles Market Analysis,2015 – 2019 and Forecast, 2020 – 2026
- Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market OpportunityAnalysis

Global Pen Needles Market, By Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
- Standard pen needles
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Safety Pen Needles
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Pen Needles Market Forecast, By Needle Length,2015 – 2019 and Forecast, 2020 – 2026
- 4mm
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- 5mm
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- 6mm
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- 8mm
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- 10mm
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- 12mm
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Pen Needles Market Forecast, By Therapy, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
- GLP-1
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Growth Hormones
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Insulin
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Pen Needles Market Forecast, By End User, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
- Hospitals
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Homecare
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Diagnostic centers
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Pen Needles Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
- North America
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Europe
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Asia-Pacific
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Latin America
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Middle East and Africa
  - Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Global Pen Needles Market – Opportunity Analysis Index, By Type, By Needle Length, By Therapy, By End User and Region, 2020 – 2026

North America Pen Needles MarketAnalysis,2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
- Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
  - Standard pen needles
  - Safety Pen Needles
- Needle Length Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - 4mm
  - 5mm
  - 6mm
  - 8mm
  - 10mm
  - 12mm
- Therapy Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - GLP-1
  - Growth Hormones
  - Insulin
- End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Hospitals
  - Homecare
  - Diagnostic centers
- Country Analysis 2016 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - US
  - Canada
- North America Pen Needles Market – Opportunity Analysis Index, By Type, By Needle Length, By Therapy, By End User and Country, 2020 – 2026
- North America Pen Needles Market Dynamics – Trends

Europe Pen Needles Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
- Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
  - Standard pen needles
  - Safety Pen Needles
- Needle Length Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - 4mm
  - 5mm
  - 6mm
  - 8mm
  - 10mm
  - 12mm
- Therapy Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - GLP-1
  - Growth Hormones
  - Insulin
- End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Hospitals
  - Homecare
  - Diagnostic centers
- Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Germany
  - UK
  - France
  - Spain
  - Italy
  - Russia
  - Poland
  - Rest of Europe
- Europe Pen Needles Market – Opportunity Analysis Index, By Type, By Needle Length, By Therapy, By End User and Country, 2020 – 2026
- Europe Pen Needles Market Dynamics – Trends

Asia-Pacific Pen Needles Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
- Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
  - Standard pen needles
  - Safety Pen Needles
- Needle Length Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - 4mm
  - 5mm
  - 6mm
  - 8mm
  - 10mm
  - 12mm
- Therapy Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - GLP-1
  - Growth Hormones
  - Insulin
- End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Hospitals
  - Homecare
  - Diagnostic centers
- Country Analysis2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Japan
  - China
  - India
  - ASEAN
  - Australia & New Zealand
  - Rest of Asia-Pacific
- Asia-Pacific Pen Needles Market – Opportunity Analysis Index, By Type, By Needle Length, By Therapy, By End User and Country, 2020 – 2026
- Asia-Pacific Pen Needles Market Dynamics – Trends

Latin America Pen Needles Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
- Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
  - Standard pen needles
  - Safety Pen Needles
- Needle Length Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - 4mm
  - 5mm
  - 6mm
  - 8mm
  - 10mm
  - 12mm
- Therapy Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - GLP-1
  - Growth Hormones
  - Insulin
- End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Hospitals
  - Homecare
  - Diagnostic centers
- Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Brazil
  - Mexico
  - Argentina
  - Venezuela
  - Rest of Latin America
- Latin America Pen Needles Market – Opportunity Analysis Index, By Type, By Needle Length, By Therapy, By End User and Country, 2020 – 2026
- Latin America Pen Needles Market Dynamics – Trends

Middle East and Africa Pen Needles Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
- Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
  - Standard pen needles
  - Safety Pen Needles
- Needle Length Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - 4mm
  - 5mm
  - 6mm
  - 8mm
  - 10mm
  - 12mm
- Therapy Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - GLP-1
  - Growth Hormones
  - Insulin
- End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
  - Hospitals
  - Homecare
  - Diagnostic centers
- Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Gulf Cooperation Council (GCC) Countries
  - Israel
  - South Africa
  - Rest of MEA
- MEA Pen Needles Market – Opportunity Analysis Index, By Type, By Needle Length, By Therapy, By End User and Country, 2020 – 2026
- MEA Pen Needles Market Dynamics – Trends

Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
  - Novo Nordisk A/S (Denmark)
  - Becton, Dickinson and Company (U.S.)
  - Braun Melsungen AG (Germany)
  - Ypsomed Holding AG (Switzerland)
  - Terumo Corporation (Japan)
  - HTL-STREFA S.A. (Poland)
  - Artsana S.p.a (Italy)
  - Allison Medical, Inc. (U.S.)
  - UltiMed, Inc. (U.S.)
  - ARKRAY Inc. (U.S)
  - Owen Mumford Ltd. (U.K.).

Research Methodology

Description

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Pen Needles Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Description

Pen Needles Market

Pen Needles Market

Key Features of the Report

Pen Needles Market

By Type

needle length

therapy

end user

GEOGRAPHY

Frequently Asked Questions

Table Of Content

Company Profile

Description

Product categories

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