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

 

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.