Pen Needle Market: 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 Geography  

Purchase Option

$ 3000
$ 4400
$ 6600
$ 8900

Pen Needle Market was valued at USD 3,172.9 million in 2022 and is expected to grow at a 12.3% CAGR from 2023 to 2029. 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 pen needle 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 pen needles 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 pen needle 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 pen needle 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.

Pen Needle Market 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.

Global Pen Needles Market Summary

Study Period

2023-29

Base Year

2022

CAGR

11.2%

Largest Market

North America

Fastest Growing Market

Europe
Pen Needles Market Dynamics

The pen needle market is expected to grow over the forecasted period due to the increasing prevalence of chronic diseases such as diabetes, osteoporosis, cardiovascular diseases, and multiple sclerosis across the globe is anticipated to drive the growth of the pen needle market over the forecast period. For instance, according to the World Health Organization, more than a billion people are expected to acquire chronic disorders, and about 650 million people are anticipated to have diabetes by 2040 across the globe. In addition, increasing use of pen needles owing to their easiness, reliability, and simplicity is expected to boost the growth of the pen needle market over the forecast period.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • 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 startup’s details that are actively working in the market
  • The report provides 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 in addition to recent technology advancements and innovations in the market

Global Pen Needles Market Segmentation

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

Frequently Asked Questions

The key segments covered in the pen needles market are: by Type, needle length, end user and geography

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.

1.Executive Summary
2.Global Pen Needle Market Introduction 
2.1.Global Pen Needle Market  - Taxonomy
2.2.Global Pen Needle Market  - Definitions
2.2.1. By Product Type 
2.2.2. By Size
2.2.3. By Application
2.2.4. By Distribution Channel
2.2.5. By Region
3.Global Pen Needle 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 Needle Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Pen Needle Market  By Product Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Standard Insulin Pen Needle
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 
6.Global Pen Needle Market  By Size, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. 4mm
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 Needle Market  By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Type I Diabetes
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 Needle Market  By Distribution Channel, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. Hospital Pharmacies
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 Needle Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 Needle Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Product Type  Analysis 2018 - 2022 and Forecast 2023 - 2029 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
10.2.  Size Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 Needle Market ,2018 - 2022 and Forecast 2023 - 2029 (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
11.2.  Size Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 Needle Market ,2018 - 2022 and Forecast 2023 - 2029 (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
12.2.  Size Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 Needle Market ,2018 - 2022 and Forecast 2023 - 2029 (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
13.2.  Size Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 Needle Market ,2018 - 2022 and Forecast 2023 - 2029 (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
14.2.  Size Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 
  • 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.