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Global Pen Needles Market: By Product Type: Standard Pen Needles, Safety Pen Needles; By Needle Length: 4 mm, 5 mm, 6 mm, 8 mm, 10 mm, 12 mm; By Therapy: Insulin, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Pen Needles Market Outlook

The global pen needles market is expected to witness a healthy growth in the forecast period of 2021-2026, growing at a CAGR of 13.1% to reach USD 5.43 billion by 2026.

 

Increasing Demand for Insulin Pens to Augment the Pen Needles Industry Growth

The global pen needles industry is driven by the increase in the preference for insulin pens over syringes and vials on account of their user-friendly and less intrusive mechanism. The diabetic patients are the most common users of insulin pens because of the requirement of multiple daily insulin injections and with the rising prevalence of diabetes due to poor lifestyle choices, there has been a surge in demand for insulin pens.

 

Global Pen Needles Market

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Furthermore, the adoption of insulin pens has increased as a result of technological advancements and expansion of the healthcare industry due to COVID-19. Meanwhile, insulin pens with colour codes have greatly reduced patient pen section errors, thus, significantly contributing to the growth of the pen needles industry.

 

North America to Provide Significant Growth Opportunities to the Pen Needles Industry

The rising incidences of autoimmune disorders, hormonal disorders, and a variety of other diseases are driving the market expansion in North America. Changes in eating habits, obesity issues, and sedentary lifestyles are some of the major causes contributing to the spread of these diseases among the population in the region. According to the World Fact Book, the United States alone has a 36.2% rate of obesity, making it one of the largest consumers of pen needles. Meanwhile, the increase in research and development activities and the rapid technological advancements in North America are projected to further propel the industry growth during the forecast period.

 

Pen Needles: Industry Definition and Segmentation

A pen needle is a device used to inject medication beneath the skin. They are usually used for medications that need to be repeatedly injected over a short period of time. It increases patient's adherence by making the process of drug administration easier and convenient. Pen needles serve as an efficient alternative to the traditional syringe and vials, as they can help people with limited dexterity, poor vision, or portability requirements to easily administer medication on time.

By product type, the market is divided into:

  • Standard Pen Needles
  • Safety Pen Needles

Based on needle length, the industry can be segmented into:

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

On the basis of therapy, the industry can be categorised into:

  • Insulin
  • Glucagon-like-Peptide-1 (GLP-1)
  • Growth Hormone

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Prevalence of Diabetes to Bolster the Growth of the Pen Needles Industry

The global pen needles industry is being driven by the growing incidences of diabetes, as a diabetic patient requires multiple daily insulin injections. It is a severe public health issue that has reached epidemic proportions around the world. Every year around 18 million individuals die because of cardiovascular disease, for which diabetes and hypertension are key risk factors. To counter this, various private corporations and governments have started investing heavily to promote the use of insulin pens, further boosting the growth of the pen needles industry. Over the forecast period, the growing adoption of pen needles in emerging countries such as China, India, and Brazil to fight diabetes is projected to significantly contribute to the industry growth.

 

Key Industry Players in the Global Pen Needles Market

The report gives a detailed analysis of the following key players in the global pen needles market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Beckton, Dickinson and Company
  • Novo Nordisk A/S
  • Ypsomed Holding AG
  • Owen Mumford, Ltd.
  • Htl-Strefa S.A
  • B. Braun Melsungen AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Needle Length, Therapy, Region
Breakup by Product Type Standard Pen Needles, Safety Pen Needles
Breakup by Needle Length 4 mm, 5 mm, 6 mm, 8 mm, 10 mm, 12 mm
Breakup by Therapy Insulin, Glucagon-like-Peptide-1 (GLP-1), Growth Hormone, 
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Becton, Dickinson and Company, Novo Nordisk A/S, Ypsomed Holding AG, Owen Mumford, Ltd., Htl-Strefa S.A., B. Braun Melsungen AG, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Pen Needles Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Pen Needles Historical Market (2016-2020) 
    8.3    Global Pen Needles Market Forecast (2021-2026)
    8.4    Global Pen Needles Market by Product Type
        8.4.1    Standard Pen Needles
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Safety Pen Needles
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Pen Needles Market by Needle Length
        8.5.1    4 mm
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    5 mm
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    6 mm
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    8 mm
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    10 mm
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    12 mm
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
    8.6    Global Pen Needles Market by Therapy
        8.6.1    Insulin
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Glucagon-like-Peptide-1 (GLP-1)
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Growth Hormone
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Pen Needles Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Becton, Dickinson and Company
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Novo Nordisk A/S
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Ypsomed Holding AG
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Owen Mumford, Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Htl-Strefa S.A.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    B. Braun Melsungen AG
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Pen Needles Market: Key Industry Highlights, 2016 and 2026
2.    Global Pen Needles Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3.    Global Pen Needles Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4.    Global Pen Needles Historical Market: Breakup by Needle Length (USD Billion), 2016-2020
5.    Global Pen Needles Market Forecast: Breakup by Needle Length (USD Billion), 2021-2026
6.    Global Pen Needles Historical Market: Breakup by Therapy (USD Billion), 2016-2020
7.    Global Pen Needles Market Forecast: Breakup by Therapy (USD Billion), 2021-2026
8.    Global Pen Needles Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Pen Needles Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Pen Needles Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Pen Needles Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Pen Needles Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Pen Needles Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Pen Needles Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Pen Needles Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Pen Needles Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Pen Needles Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Pen Needles Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Pen Needles Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Pen Needles Market Structure

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