The global pen needles market is expected to grow from USD 1.22 billion in 2020 to USD 2.70 billion by 2028, at a CAGR of 10.5% during the forecast period 2021-2028.
Pen needlesare frequently used in tandem with injections to insert medicine into the body. They are made up of a hollow needle inside a hub which connects to an injection.Pen needles have a variety ofdiameters& lengths to serve different purposes in different situations.
This study delivers a comprehensive analysis of products, needle lengths, therapies,and regions. The research includes growth drivers as well as challenges prevalent in the global pen needles market, along with the impact they will have on the overall demand during the forecasted period. Additionally, the study also includes various opportunities & threats that are present in the pen needles market. The product segment includes safety pen needles and standard pen needles. The safety pen needles segment is anticipated to register the highest growth of 11.0% over the forecast years owing to increasing technological developments in the field and its property to minimize needlestick injuries.Based on needle length, the global market has been divided into 12mm, 10mm, 8mm, 6mm, 5mm, and 4mm. The 4mm segment is forecasted to grow at the highest rate of 10.9% due to its short & thin characteristics since they provide more comfort relative toinjections and are able to access thesubcutaneous tissue more easily.On the basis of therapy, the pen needles market has been segmented into glucagon-like-peptide-1, insulin and growth hormone. The glucagon-like-peptide-1 segment is set to grow at the highest rate of 11.4% over the coming years,owing to its ability to reduce blood glucose levelsof type 2 diabetic patients.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. With the rapid development of medical technology and improving economic conditions, the Asia-Pacific region stands as a promising market for pen needles and is expected to grow at the highest CAGR during the forecast period.
Some of the notable players in the pen needles market areNovo Nordisk A/S,B. Braun Melsungen AG,Terumo Corporation,Owen Mumford Ltd.,UltiMed, Inc.,Becton, Dickinson and Company, Ypsomed Holding AG, HTL-STREFA S.A., ArtsanaS.p.a., Allison Medical, Inc.,GlucoRx, and ARKRAY, Inc.,among others. The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global pen needles industry.
This study predictsrevenue growth at global, national, and country levels from 2021 to 2028. Fior Markets has segmented the market based on the below-mentioned segments:
Global Pen Needles Market Analysis and Forecast, By Product
Global Pen Needles Market Analysis and Forecast, By Needle Length
Global Pen Needles Market Analysis and Forecast, By Therapy
Global Pen Needles Market Analysis and Forecast, By Regional Analysis
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Needle Length
4.3.3. Market Attractiveness Analysis ByTherapy
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing global obesity rate
5.3. Restraints
5.3.1. Risk of blood transfusion
5.4. Opportunities
5.4.1. New product development
6. Global Pen NeedlesMarket Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Safety Pen Needles
6.3. Standard Pen Needles
7. Global Pen Needles Market Analysis and Forecast, By Needle Length
7.1. Segment Overview
7.2. 12mm
7.3. 10mm
7.4. 8mm
7.5. 6mm
7.6. 5mm
7.7. 4mm
8. Global Pen Needles Market Analysis and Forecast, ByTherapy
8.1. Segment Overview
8.2. Glucagon-like-Peptide-1
8.3. Insulin
8.4. Growth Hormone
9. Global Pen Needles Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Pen Needles Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Pen Needles Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Products, Launches and Developments
10.3.2. Partnerships Collaborations and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Novo Nordisk A/S
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. B. Braun Melsungen AG
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Terumo Corporation
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Owen Mumford Ltd
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. UltiMed, Inc
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Becton, Dickinson and Company
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Ypsomed Holding AG
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. HTL-STREFA S.A
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. ArtsanaS.p.a
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Allison MedicalInc
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. GlucoRx
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. ARKRAY, Inc
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
2. Global Safety Pen Needles, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
3. Global Standard Pen Needles, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
4. Global Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
5. Global 12mm, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
6. Global 10mm, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
7. Global 8mm, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
8. Global6mm, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
9. Global 5mm, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
10. Global 4mm, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
11. Global Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
12. Global Glucagon-like-Peptide-1, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
13. Global Insulin, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
14. GlobalGrowth Hormone, Pen Needles Market, By Region, 2020-2028(USD Billion) (K Units)
15. North America Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
16. North America Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
17. North America Pen Needles Market, By Therapy2020-2028(USD Billion) (K Units)
18. U.S. Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
19. U.S. Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
20. U.S. Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
21. Canada Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
22. Canada Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
23. Canada Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
24. Mexico Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
25. Mexico Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
26. Mexico Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
27. Europe Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
28. Europe Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
29. Europe Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
30. Germany Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
31. Germany Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
32. Germany Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
33. France Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
34. France Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
35. France Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
36. U.K. Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
37. U.K. Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
38. U.K. Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
39. Italy Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
40. Italy Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
41. Italy Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
42. Spain Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
43. Spain Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
44. Spain Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
45. Asia Pacific Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
46. Asia Pacific Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
47. Asia Pacific Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
48. Japan Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
49. JapanPen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
50. JapanPen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
51. China Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
52. China Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
53. China Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
54. India Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
55. India Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
56. India Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
57. South America Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
58. South America Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
59. South America Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
60. Brazil Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
61. Brazil Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
62. Brazil Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
63. Middle East and Africa Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
64. Middle East and Africa Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
65. Middle East and Africa Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
66. UAE Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
67. UAE Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
68. UAE Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
69. South Africa Pen Needles Market, By Product, 2020-2028(USD Billion) (K Units)
70. South Africa Pen Needles Market, By Needle Length, 2020-2028(USD Billion) (K Units)
71. South Africa Pen Needles Market, By Therapy, 2020-2028(USD Billion) (K Units)
List of Figures
1. Global Pen Needles Market Segmentation
2. Global Pen Needles Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Pen Needles Market Attractiveness Analysis By Product
9. Global Pen Needles Market Attractiveness Analysis By Needle Length
10. Global Pen Needles Market Attractiveness Analysis By Therapy
11. Global Pen Needles Market Attractiveness Analysis By Region
12. Global Pen Needles Market: Dynamics
13. Global Pen Needles Market Share by Product (2020 &2028)
14. Global Pen Needles Market Share by Needle Length (2020 &2028)
15. Global Pen Needles Market Share by Therapy (2020 &2028)
16. Global Pen Needles Market Share by Regions (2020 &2028)
17. Global Pen Needles Market Share by Company (2020)
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