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

 

Purchase Option

$ 3000
$ 4400
$ 6600
$ 8900

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.

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

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.

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 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

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

  1. Executive Summary
  1. Global Pen Needles Market Introduction
    • Global Pen Needles Market – Taxonomy
    • Global Pen Needles Market –Definitions
      • Type
      • Needle Length
      • Therapy
      • End User
  1. 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
  1. 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
  1. 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
  1. 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
  1. 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
  1. 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
  1. 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
  1. 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
  1. 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
  1. 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
  1. 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
  1. 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
  1. 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.).
  1. Research Methodology
  • 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)
  • Owen Mumford Ltd. (U.K.)