Pen Needles Market Size, Share, Technological Advancement, Regional Share Analysis And Forecast Till 2029
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Pen Needles Market size was valued at USD 1.67 Bn. in 2022 and the total Pen Needles revenue is expected to grow by 11.5 % from 2023 to 2029, reaching nearly USD 3.58 Bn.
Pen Needles Market Overview:
The Pen Needles market study provides a detailed picture of competition, including market share and company profiles of the major competitors in the global industry. The scope of the research includes a comprehensive examination of the Pen Needles Market Size, as well as the reasons for variations in the industry's growth in various locations.
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Market Scope:
This research study makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and databases, to locate and collect material suitable for this study.
Segmentation:
by Product
Standard Pen Needles
Safety Pen Needles
Based on Product, In 2022, the standard pen needles market category dominated the market and was responsible for more than 88.5% of total sales. The frequent use of these drugs in higher dosages by diabetic patients was blamed for the rise. Common users of these needles include those who have handiness issues. However, owing to the significant danger of needlestick injuries, these needles are not recommended because they make pen needles less safe to use. Their demand is therefore expected to be limited in the short term. In homes, standard pen needles are more frequently used. Incorrect doses and associated difficulties are caused by a lack of basic instruction on how to use these devices properly.
by Needle Length
4 mm
5 mm
6 mm
8 mm
10 mm
12 mm
Based on Needle length, The 8mm-sized segment dominated the global pen needles market in 2022 and was responsible for the highest proportion of more than 25.00% of the total revenue among the different needle lengths. The majority of patients, including those with the target disease who are overweight, are given these kinds of needles. 8mm needles are preferred in domestic settings owing to their advantages such as safety, user convenience, and ease of disposal. The category growth is expected to be supported by several other factors, including accessibility and affordability. Thanks to their bigger size, the needles are less likely to cause a needlestick injury and are simple and safe to dispose of. Additionally, these are suggested since they are simple to distinguish from other sharp trash.
by Therapy
Insulin
Glucagon-like-Peptide-1 (GLP-1)
Growth Hormone
- Global Pen Needles Market: Research Methodology
- Global Pen Needles Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Pen Needles Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Pen Needles Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Pen Needles Market Segmentation
- Global Pen Needles Market, by Type (2023-2029)
- Global Pen Needles Market, by Product (2023-2029)
- Global Pen Needles Market, by Application (2023-2029)
- Regional Pen Needles Market(2023-2029)
- Regional Pen Needles Market, by Type (2023-2029)
- Regional Pen Needles Market, by Product (2023-2029)
- Regional Pen Needles Market, by Application (2023-2029)
- Regional Pen Needles Market, by Country (2023-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Players:
1. B. Braun (Germany)
2. KD Medical GmbH Hospital Products (Germany)
3. GlucoRx Ltd (UK)
4. Owen Mumford (UK)
5. HTL-STREFA S.A. (Poland)
6. VOGT MEDICAL (Ukraine)
7. Van Heek Medical (Netherlands)
8. Ypsomed Holding AG (Switzerland)
9. Novo Nordisk A/S (Denmark)
10. Rays SpA (Italy)
11. Terumo Corporation (Japan)
12. Nipro Corporation (Japan)
13. ARKRAY, Inc. (Japan)
14. Berpu Medical Technology Co., Ltd. (China)
15. Hindustan Syringes & Medical Devices Ltd (India)
16. Cipla Limited (India)
17. Becton, Dickinson and Company (US)
18. Allison Medical Inc (US)
19. AdvaCare Pharma (US)
20. UltiMed (US)
21. Promisemed Medical Device Inc. (US)
22. Simple Diagnostics (US)
23. Links Medical Products (US)
24. MHC Medical Products, LLC (US)
25. Trividia Health (US)
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Pen Needles market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Pen Needles Market: The report also includes a detailed analysis of COVID-19 on the Pen Needles market Share.
Key Questions Answered in the Pen Needles Market Report are:
- Which sub-segment had the largest share in the Pen Needles market?
- How is the competitive landscape of the Pen Needles market in 2023?
- Which are the key drivers impacting the Pen Needles market growth?
- Which region holds the maximum share in the Pen Needles market?
- What will be the CAGR of the Pen Needles market during the forecast period (2023-2029)?
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