Pen Needles Market Size, Share & Trends Analysis Report By Product (Standard, Safety Pen Needles), By Needle Length (4mm, 8mm), By Therapy (Insulin, GLP-1), By Region (APAC, Europe), And Segment Forecasts, 2022 - 2030

July 2022 | 105 pages | ID: P8837424186EN
Grand View Research, Inc.

Abstracts

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Pen Needles Market Growth & Trends

The global pen needles market size is expected to reach USD 7.7 billion by 2030, expanding at a CAGR of 12.1%, according to a new report by Grand View Research, Inc. Rising prevalence of diabetes is the primary reason for the significant growth of the industry. According to the International Diabetes Federation (IDF), nearly 537 million people were suffering from diabetes in 2021 across the globe. Such a high prevalence of diabetes across the globe has led to the rising demand for pen needles. Patients suffering from diabetes commonly use injectable pen devices, which helps in easy drug delivery. In addition, obesity is a significant cause of diabetes. Obese people often suffer from type 2 diabetes, which makes them one of the highest revenue contributors to the target market.

Thus, people with type 2 diabetes are the common target population for companies manufacturing pen needles. Rising technological advancements are also expected to drive industry growth. Pen needles allow comfort and an easy mode of insulin delivery. These devices are technologically advanced and provide a superior alternative drug delivery method in comparison to syringes and vials. For instance, Becton, Dickinson, and Company launched BD Ultra-Fine Nano 4mm Pen Needles with EasyFlow Technology, which will enable diabetic patients to easy adherence to insulin therapy regimens. Europe dominated the global industry in 2021 followed by North America owing to the high prevalence of diabetes in the region. On the other hand, Asia Pacific is anticipated to exhibit the fastest growth rate over the forecast period owing to the rising awareness levels among the diabetic population regarding easy drug delivery.

Pen Needles Market Report Highlights

• The standard needles segment dominated the market in 2021 due to the availability of cost-effective needles as compared to safety needles
• Safety pen needles are anticipated to register the fastest CAGR over the forecast period due to the continuous technological advancements
• The 8mm needle length segment held the largest share in 2021 due to the convenience offered by these types to diabetic patients. The 4mm length segment is expected to witness the fastest CAGR over the forecast period
• Insulin therapy accounted for the largest market share in 2021 due to the rising awareness regarding self-administration of insulin among diabetic patients

Contents

CHAPTER 1 RESEARCH METHODOLOGY

1.1 Country Wise Market: Base Estimates
1.2 Global Market: CAGR Calculation
1.3 Region Based Segment Share Calculation
1.4 Research Scope & Assumptions
1.5 List of Data Sources
  1.5.1 Data for primary interviews, by sources
  1.5.2 Data for primary interviews, by region

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Snapshot

CHAPTER 3 PEN NEEDLES MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
  3.2.1 Growing number of diabetic population
  3.2.2 Introduction of technologically advanced products
  3.2.3 Rising incidence of needlestick injuries
3.3 Market Restraint Analysis
  3.3.1 Availability of alternative drug delivery methods
3.4 Key Opportunities Prioritized
  3.4.1 Key opportunities prioritized, by product
  3.4.2 Key opportunities prioritized, by needle length
  3.4.3 Key opportunities prioritized, by therapy
3.5 Pen needles - SWOT Analysis, By Factor (Political & Legal, Economic and Technological)
3.6 Industry Analysis - Porter’s
3.7 Competitive Landscape: Market Position Analysis, 2015

CHAPTER 4 PEN NEEDLES: PRODUCT ESTIMATES & TREND ANALYSIS

4.1 Pen Needles Market: Product Movement Analysis
4.2 Standard Pen Needles
  4.2.1 Standard pen needles market estimate & forecast, 2018 - 2030 (USD Million)
4.3 Safety Pen Needles
  4.3.1 Safety pen needles market estimate & forecast, 2018 - 2030 (USD Million)

CHAPTER 5 PEN NEEDLES: NEEDLE LENGTH ESTIMATES & TREND ANALYSIS

5.1 Pen Needles Market: Needle Length Movement Analysis
5.2 4mm
  5.2.1 4mm market estimate & forecast, 2018 - 2030 (USD Million)
5.3 5mm
  5.3.1 5mm market estimate & forecast, 2018 - 2030 (USD Million)
5.4 6mm
  5.4.1 6mm market estimate & forecast, 2018 - 2030 (USD Million)
5.5 8mm
  5.5.1 8mm market estimate & forecast, 2018 - 2030 (USD Million)
5.6 10mm
  5.6.1 10mm market estimate & forecast, 2018 - 2030 (USD Million)
5.7 12mm
  5.7.1 12mm market estimate & forecast, 2018 - 2030 (USD Million)

CHAPTER 6 PEN NEEDLES: THERAPY ESTIMATES & TREND ANALYSIS

6.1 Pen Needles Market: Therapy Movement Analysis
6.2 Insulin
  6.2.1 Insulin market estimate & forecast, 2018 - 2030 (USD Million)
6.3 Glucagon-like-Peptide-1 (GLP-1)
  6.3.1 Glucagon-like-Peptide-1 (GLP-1) market estimate & forecast, 2018 - 2030 (USD Million)
6.4 Growth Hormone
  6.4.1 Growth hormone market estimate & forecast, 2018 - 2030 (USD Million)

CHAPTER 7 PEN NEEDLES: REGIONAL ESTIMATES & TREND ANALYSIS, BY PRODUCT, NEEDLE LENGTH, THERAPY

7.1 Pen Needles Market Share by Region, 2021
7.2 North America
  7.2.1 U.S.
    7.2.1.1 U.S. pen needles market, by product, 2018 - 2030 (USD Million)
    7.2.1.2 U.S. pen needles market, by needle length, 2018 - 2030 (USD Million)
    7.2.1.3 U.S. pen needles market, by therapy, 2018 - 2030 (USD Million)
  7.2.2 Canada
    7.2.2.1 Canada pen needles market, by product, 2018 - 2030 (USD Million)
    7.2.2.2 Canada pen needles market, by needle length, 2018 - 2030 (USD Million)
    7.2.2.3 Canada pen needles market, by therapy, 2018 - 2030 (USD Million)
7.3 Europe
  7.3.1 Germany
    7.3.1.1 Germany pen needles market, by product, 2018 - 2030 (USD Million)
    7.3.1.2 Germany pen needles market, by needle length, 2018 - 2030 (USD Million)
    7.3.1.3 Germany pen needles market, by therapy, 2018 - 2030 (USD Million)
  7.3.2 U.K.
    7.3.2.1 U.K. pen needles market, by product, 2018 - 2030 (USD Million)
    7.3.2.2 U.K. pen needles market, by needle length, 2018 - 2030 (USD Million)
    7.3.2.3 U.K. pen needles market, by therapy, 2018 - 2030 (USD Million)
7.4 Asia Pacific
  7.4.1 China
    7.4.1.1 China pen needles market, by product, 2018 - 2030 (USD Million)
    7.4.1.2 China pen needles market, by needle length, 2018 - 2030 (USD Million)
    7.4.1.3 China pen needles market, by therapy, 2018 - 2030 (USD Million)
  7.4.2 India
    7.4.2.1 India pen needles market, by product, 2018 - 2030 (USD Million)
    7.4.2.2 India pen needles market, by needle length, 2018 - 2030 (USD Million)
    7.4.2.3 India pen needles market, by therapy, 2018 - 2030 (USD Million)
7.5 Latin America
  7.5.1 Brazil
    7.5.1.1 Brazil pen needles market, by product, 2018 - 2030 (USD Million)
    7.5.1.2 Brazil pen needles market, by needle length, 2018 - 2030 (USD Million)
    7.5.1.3 Brazil pen needles market, by therapy, 2018 - 2030 (USD Million)
  7.5.2 Mexico
    7.5.2.1 Mexico pen needles market, by product, 2018 - 2030 (USD Million)
    7.5.2.2 Mexico pen needles market, by needle length, 2018 - 2030 (USD Million)
    7.5.2.3 Mexico pen needles market, by therapy, 2018 - 2030 (USD Million)
7.6 MEA
  7.6.1 South Africa
    7.6.1.1 South Africa pen needles market, by product, 2018 - 2030 (USD Million)
    7.6.1.2 South Africa pen needles market, by needle length, 2018 - 2030 (USD Million)
    7.6.1.3 South Africa pen needles market, by therapy, 2018 - 2030 (USD Million)

CHAPTER 8 COMPETITIVE LANDSCAPE

8.1 Company Profiles
  8.1.1 Becton, Dickinson and Company
    8.1.1.1 Company overview
    8.1.1.2 Financial performance
    8.1.1.3 Product benchmarking
    8.1.1.4 Strategic initiatives
  8.1.2 Novo Nordisk A/S
    8.1.2.1 Company overview
    8.1.2.2 Financial performance
    8.1.2.3 Product benchmarking
    8.1.2.4 Strategic initiatives
  8.1.3 Ypsomed Holding AG
    8.1.3.1 Company overview
    8.1.3.2 Financial performance
    8.1.3.3 Product benchmarking
    8.1.3.4 Strategic initiatives
  8.1.4 Owen Mumford, Ltd.
    8.1.4.1 Company overview
    8.1.4.2 Financial performance
    8.1.4.3 Product benchmarking
    8.1.4.4 Strategic initiatives
  8.1.5 HTL-STREFA S.A.
    8.1.5.1 Company overview
    8.1.5.2 Financial performance
    8.1.5.3 Product benchmarking
    8.1.5.4 Strategic initiatives
  8.1.6 B. Braun Melsungen
    8.1.6.1 Company overview
    8.1.6.2 Financial performance
    8.1.6.3 Product benchmarking
    8.1.6.4 Strategic initiatives
  8.1.7 Terumo Corporation
    8.1.7.1 Company overview
    8.1.7.2 Financial performance
    8.1.7.3 Product benchmarking
    8.1.7.4 Strategic initiatives
  8.1.8 UltiMed, Inc.
    8.1.8.1 Company overview
    8.1.8.2 Financial performance
    8.1.8.3 Product benchmarking
    8.1.8.4 Strategic initiatives
  8.1.9 Allison Medical, Inc.
    8.1.9.1 Company overview
    8.1.9.2 Financial performance
    8.1.9.3 Product benchmarking
    8.1.9.4 Strategic initiatives
  8.1.10 Artsana S.p.a.
    8.1.10.1 Company overview
    8.1.10.2 Financial performance
    8.1.10.3 Product benchmarking
    8.1.10.4 Strategic initiatives

List Of Tables

LIST OF TABLES

TABLE 1 Factors used in segment share estimation
TABLE 2 List of secondary data sources
TABLE 3 Primary interview details, by source
TABLE 4 Primary interview details, by region
TABLE 5 North America pen needles market, by country, 2018 - 2030 (USD Million)
TABLE 6 North America pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 7 North America pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 8 North America pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 9 U.S. pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 10 U.S. pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 11 U.S. pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 12 Canada pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 13 Canada pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 14 Canada pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 15 Europe pen needles market, by country, 2018 - 2030 (USD Million)
TABLE 16 Europe pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 17 Europe pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 18 Europe pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 19 Germany pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 20 Germany pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 21 Germany pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 22 U.K. pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 23 U.K. pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 24 U.K. pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 25 Asia Pacific pen needles market, by country, 2018 - 2030 (USD Million)
TABLE 26 Asia Pacific pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 27 Asia Pacific pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 28 Asia Pacific pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 29 China pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 30 China pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 31 China pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 32 India pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 33 India pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 34 India pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 35 Latin America pen needles market, by country, 2018 - 2030 (USD Million)
TABLE 36 Latin America pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 37 Latin America pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 38 Latin America pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 39 Brazil pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 40 Brazil pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 41 Brazil pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 42 Mexico pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 43 Mexico pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 44 Mexico pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 45 MEA pen needles market, by country, 2018 - 2030 (USD Million)
TABLE 46 MEA pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 47 MEA pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 48 MEA pen needles market, by therapy, 2018 - 2030 (USD Million)
TABLE 49 South Africa pen needles market, by product, 2018 - 2030 (USD Million)
TABLE 50 South Africa pen needles market, by needle length, 2018 - 2030 (USD Million)
TABLE 51 South Africa pen needles market, by therapy, 2018 - 2030 (USD Million)

List Of Figures

LIST OF FIGURES

FIG. 1 Primary interviews, by sources
FIG. 2 Primary interviews, by region
FIG. 3 Market summary
FIG. 4 Market trends & outlook
FIG. 5 Market segmentation & scope
FIG. 6 Market driver relevance analysis (Current & future impact)
FIG. 7 Key opportunities prioritized, by product
FIG. 8 Key opportunities prioritized, by needle length
FIG. 9 Key opportunities prioritized, by therapy
FIG. 10 SWOT analysis, by factor (political & legal, economic and technological)
FIG. 11 Porter’s five forces analysis
FIG. 12 Pen needles market: Heat map analysis, 2021
FIG. 13 Pen needles market product outlook: Key takeaways
FIG. 14 Pen needles market: Product movement analysis
FIG. 15 Standard pen needles market, 2018 - 2030 (USD Million)
FIG. 16 Safety pen needles market, 2018 - 2030 (USD Million)
FIG. 17 Pen needles market needle length outlook: Key takeaways
FIG. 18 Pen needles market: Needle length movement analysis
FIG. 19 4mm market, 2018 - 2030 (USD Million)
FIG. 20 5mm market, 2018 - 2030 (USD Million)
FIG. 21 6mm market, 2018 - 2030 (USD Million)
FIG. 22 8mm market, 2018 - 2030 (USD Million)
FIG. 23 10mm market, 2018 - 2030 (USD Million)
FIG. 24 12mm market, 2018 - 2030 (USD Million)
FIG. 25 Pen needles market therapy outlook: Key takeaways
FIG. 26 Pen needles market: Therapy movement analysis
FIG. 27 Insulin market, 2018 - 2030 (USD Million)
FIG. 28 Glucagon-like-Peptide-1 (GLP-1) market, 2018 - 2030 (USD Million)
FIG. 29 Growth hormone market, 2018 - 2030 (USD Million)
FIG. 30 Regional market place: Key takeJapanaways
FIG. 31 Regional outlook, 2021?