Reports
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 (2018-2028); 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 2023-2028, growing at a CAGR of 13.1% to reach USD 5.43 billion by 2026.
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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. 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: Market 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.
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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.
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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:
- Becton, 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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Pen Needles Market Analysis
8.1 Key Industry Highlights
8.2 Global Pen Needles Historical Market (2018-2022)
8.3 Global Pen Needles Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Safety Pen Needles
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 5 mm
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 6 mm
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 8 mm
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 10 mm
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 12 mm
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.6 Global Pen Needles Market by Therapy
8.6.1 Insulin
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Glucagon-like-Peptide-1 (GLP-1)
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Growth Hormone
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Pen Needles Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Pen Needles Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Pen Needles Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Pen Needles Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Pen Needles Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Pen Needles Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Becton, Dickinson and Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Novo Nordisk A/S
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ypsomed Holding AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Owen Mumford, Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Htl-Strefa S.A.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 B. Braun Melsungen AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Pen Needles Market: Key Industry Highlights, 2018 and 2028
2. Global Pen Needles Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Pen Needles Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Pen Needles Historical Market: Breakup by Needle Length (USD Billion), 2018-2022
5. Global Pen Needles Market Forecast: Breakup by Needle Length (USD Billion), 2023-2028
6. Global Pen Needles Historical Market: Breakup by Therapy (USD Billion), 2018-2022
7. Global Pen Needles Market Forecast: Breakup by Therapy (USD Billion), 2023-2028
8. Global Pen Needles Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Pen Needles Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Pen Needles Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Pen Needles Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Pen Needles Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Pen Needles Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Pen Needles Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Pen Needles Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Pen Needles Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Pen Needles Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Pen Needles Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Pen Needles Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Pen Needles Market Structure
Key Questions Answered in the Report
The global pen needles market is projected to grow at a CAGR of 13.1% between 2023 and 2028.
The major drivers of the industry, such as technological advancements, the expansion of medical industry, the reducing patient pen section error, the increasing research and development (R&D) activities, and the convenience and portability of pen needles over syringe and vials are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increase in diabetes incidences, along with other autoimmune or hormonal diseases, obesity and sedentary lifestyle.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product types of pen needles are standard pen needles and safety pen needles.
The various needle lengths of pen needles are 4 mm, 5 mm, 6 mm, 8 mm, 10 mm, and 12 mm.
The different therapies of pen needles in the market are insulin, glucagon-like-peptide-1(GLP-1) and growth hormone.
The major players in the industry are Becton, Dickinson and Company, NoVo Nordisk A/S, Ypsomed Holding AG, Owen Mumford, Ltd., Htl-Strefa S.A, and B. Braun Melsungen AG, among others.
Analyst Review
The global pen needles market is driven by the increasing incidences of diabetes and other autoimmune as well as hormonal diseases. Aided by substantial R&D activities, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 13.1%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product type, the pen needle industry is divided into standard pen needles and safety pen needles. Based on needle length, the industry can be segmented into 4 mm, 5 mm, 6 mm, 8 mm, 10 mm and 12 mm. By therapy, the market is classified into insulin, glucagon-like-Peptide-1 (GLP-1), and growth hormone. The major regional markets for pen needles are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Becton, Dickinson and Company, NoVo Nordisk A/S, Ypsomed Holding AG, Owen Mumford, Ltd., Htl-Strefa S.A, and B. Braun Melsungen AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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