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Pen Needles Market by Type (Standard Pen & Safety Pen Needles), Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP 1, Growth Hormone), and Mode of Purchase, End User, Unmet Needs, Key Stakeholders, Buying Criteria - Global Forecast to 2028

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    Report

  • 217 Pages
  • October 2023
  • Region: Global
  • Markets and Markets
  • ID: 5354125

Rising Prevalence of Chronic Diseases to Drive Market Growth During Forecast Period

The global pen needles market size is projected to reach USD 2.5 billion by 2028 from USD 1.6 billion in 2023, at a CAGR of 9.1% during the forecast period. The growing preference for biosimilar drugs, increasing shift of therapy to home settings, and mandates pertaining to safety pen needles provide a wide range of growth opportunities for key players in the market. However, the preference for alternative modes of drug delivery, poor reimbursement in developing countries, and needle anxiety restrain the market growth.

The over the counter segment captured the largest share in pen needles market, by mode of purchase, in 2022.

Based on the mode of purchase, the pen needles market is segmented into prescription-based, over the counter, online purchase, and other modes of purchase. The over-the-counter segment accounted for the largest market share in 2022. Over the counter purchase includes all purchases made from stores such as pharmacies, medical supplies distributors/suppliers, etc. Local delivery of products by pharmacies, and discounts provided by pharmacies, suppliers and distributors are some factors driving the growth of this market. 

The homecare segment to witness highest growth rate in pen needles market, by setting during the forecast period.

Based on the setting, the pen needles market is segmented into homes, hospitals & clinics, and other settings. The home care segment occupied th largest share of the pen needles market in 2022. The segment was also expected to grow with the highest CAGR during the forecast period. The patient training provided by insulin pen injectors and pen needle manufacturers, and the increasing adoption of pen injectors for home use are some of the factors which supports the growth of the segment in the coming years.

The 4mm segment is expected to be the fastest growing segment of the pen needles market, by length, during the forecast period

The 8mm segment accounted for the largest share of the pen needles market in 2022, while the 4mm segment is likely to be the fastest growing segment during the forecast period. The rapid growth of the 4mm needles can be attributed to the fact that they cause the least pain of all needle lengths. Additionally, they also have a a high efficiency of insulin administration. 

The Asia Pacific market to grow at the highest CAGR during the forecast period.

The pen needles market is segmented into five major regions, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The increase in the awareness of various modes of drug administration, increasing adoption of pen injectors, increasing healthcare expenditures, rising of the disposable incomes, and increasing prevalence of diabetes are some of the key factors in growth of the pen needles market in Asia Pacific region.

Breakdown of supply-side primary interviews: 

  • By Company Type: Tier 1: 22%, Tier 2: 36%, and Tier 3: 42% 
  • By Designation: C-level: 23%, D-level: 28%, and Others: 49% 
  • By Region: North America: 40%, Europe: 31%, APAC: 25%, Latin America: 6%, and the Middle East & Africa: 4%

The major players operating in the pen needles market are Novo Nordisk (Denmark), Embecta Corp. (US), Ypsomed Holding AG (Switzerland), and B. Braun Melsungen AG (Germany). 

Research Coverage

This report studies the pen needles market based on the region, type, length, mode of purchase, setting, and application. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five major regions (and the respective countries in these regions).

Key Benefits of Buying the Report 

The report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one, or a combination of the below-mentioned five strategies.

This report provides insights into the following pointers:

  • Market Driver: The growth of the market attributes to increase of prevalence of diabetes globally and increasing adoption of pen injectors, especially in developed countries.
  • Market Penetration: Comprehensive information on the product portfolios of the top players in the pen needles market. The report analyzes the market based on the setting, region, type, mode of purchase, application, and length. 
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the pen needles market.
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for pen needles across regions.
  • Market Diversification: Exhaustive information about products, untapped regions, recent developments, and investments in the pen needles market.
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the pen needles market.
Frequently Asked Questions about the Global Pen Needles Market

What is the estimated value of the Global Pen Needles Market?

The Global Pen Needles Market was estimated to be valued at $1.6 Billion in 2023.

What is the growth rate of the Global Pen Needles Market?

The growth rate of the Global Pen Needles Market is 9.1%, with an estimated value of $2.5 Billion by 2028.

What is the forecasted size of the Global Pen Needles Market?

The Global Pen Needles Market is estimated to be worth $2.5 Billion by 2028.

Who are the key companies in the Global Pen Needles Market?

Key companies in the Global Pen Needles Market include Advacare Pharma, Allison Medical, Inc., Arkray, Inc., Artsana Group, B. Braun Melsungen AG, Berpu Medical Technology Co. Ltd., Embecta Corp. (Part of Bd), Glucorx Limited, Hindustan Syringes & Medical Devices Ltd. and Htl.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.2.2 Market Segmentation
1.2.3 Years Considered
1.3 Currency Considered
Table 1 Standard Currency Conversion Rates
1.4 Limitations
1.5 Stakeholders
1.6 Summary of Changes
1.7 Recession Impact

2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
Figure 2 Primary Sources
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
Figure 3 Breakdown of Primary Interviews (Supply Side): by Company Type, Designation, and Region
Figure 4 Breakdown of Primary Interviews (Demand Side): by Setting and Region
Figure 5 Breakdown of Primary Interviews: Supply-Side and Demand-Side Participants
2.2 Market Size Estimation
Figure 6 Supply-Side Market Size Estimation: Revenue Share Analysis
Figure 7 Revenue Share Analysis Illustration: Embecta Corp. (2022)
Figure 8 Revenue Analysis of Top Five Companies: Pen Needles Market (2022)
Figure 9 Demand-Side Analysis
Figure 10 CAGR Projections from Analysis of Drivers, Restraints, Opportunities, and Challenges (2023-2028)
Figure 11 CAGR Projections: Supply-Side Analysis
Figure 12 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 13 Data Triangulation Methodology
2.4 Market Share Analysis
2.5 Study Assumptions
2.6 Risk Assessment
Table 2 Risk Assessment Analysis
2.7 Methodology-Related Limitations
2.8 Recession Impact Analysis

3 Executive Summary
Figure 14 Pen Needles Market, by Type, 2023 Vs. 2028 (USD Million)
Figure 15 Pen Needles Market, by Length, 2023 Vs. 2028 (USD Million)
Figure 16 Pen Needles Market, by Application, 2023 Vs. 2028 (USD Million)
Figure 17 Pen Needles Market, by Mode of Purchase, 2023 Vs. 2028 (USD Million)
Figure 18 Pen Needles Market, by Setting, 2023 Vs. 2028 (USD Million)
Figure 19 Geographic Growth Opportunities

4 Premium Insights
4.1 Pen Needles Market Overview
Figure 20 Rising Prevalence of Chronic Diseases to Drive Market Growth During Forecast Period
4.2 Asia-Pacific: Pen Needles Market, by Length (2023)
Figure 21 5Mm Segment to Dominate Asia-Pacific Market
4.3 Geographic Growth Opportunities
Figure 22 Emerging Markets to Grow at Higher CAGR During Forecast Period
4.4 Regional Mix
Figure 23 North America Accounted for Largest Market Share in 2022

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 24 Pen Needles Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rising Incidence of Chronic Diseases
Figure 25 Number of People with Chronic Conditions in US, 1995-2030 (Million Individuals)
Figure 26 Type 1 Diabetic Population, by Country (2022)
5.2.1.2 Favorable Reimbursements in Mature Markets
5.2.1.3 Growing Adoption of Self-Administration
5.2.1.4 Decreasing Prices of Insulin Formulations
5.2.2 Restraints
5.2.2.1 Alternative Methods of Drug Delivery
5.2.2.2 Poor Reimbursements in Emerging Markets
5.2.2.3 Needle Anxiety
5.2.3 Opportunities
5.2.3.1 Growing Preference for Biosimilar Drugs
5.2.3.2 High-Growth Potential of Emerging Economies
5.2.3.3 Rising Healthcare Expenditure on Diabetes
5.2.3.4 Regulatory Mandates for Safety Pen Needles
5.2.4 Challenges
5.2.4.1 Reuse of Pen Needles
5.2.4.2 Misuse of Injection Pens
5.3 Reimbursement Scenario
Table 3 Reimbursement of Pen Needles, by Country
5.4 Pricing Analysis
5.4.1 Average Selling Price for Pen Needles, by Type
Table 4 Pricing of Pen Needles, by Key Players
Figure 27 Average Selling Price of Pen Needles, by Type
5.4.2 Average Selling Price Trends
5.5 Value Chain Analysis
Figure 28 Pen Needles Market: Value Chain Analysis
5.6 Ecosystem/Market Map
Figure 29 Pen Needles Market: Ecosystem/Market Map
5.7 Porter's Five Forces Analysis
Table 5 Pen Needles Market: Porter's Five Forces Analysis
5.7.1 Intensity of Competitive Rivalry
5.7.2 Bargaining Power of Suppliers
5.7.3 Bargaining Power of Buyers
5.7.4 Threat of Substitutes
5.7.5 Threat of New Entrants
5.8 Supply Chain Analysis
Figure 30 Pen Needles Market: Supply Chain Analysis
5.9 Regulatory Analysis
5.9.1 North America
5.9.1.1 US
Table 6 US Fda: Medical Device Classification
Table 7 Us: Medical Device Regulatory Approval Process
5.9.1.2 Canada
Table 8 Canada: Medical Device Regulatory Approval Process
Figure 31 Canada: Class Ii Medical Device Approval Process
5.9.2 Europe
Figure 32 Europe: Ce Approval Process for Class Iia Medical Devices
5.9.3 Asia-Pacific
5.9.3.1 Japan
Table 9 Japan: Medical Device Classification Under Pmda
5.9.3.2 China
Table 10 China: Regulatory Bodies Appointed for Medical Device Approval
Table 11 China: Classification of Medical Devices
5.9.3.3 India
5.9.4 Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.10 Hs Codes: Pen Injectors
5.11 Patent Analysis
5.11.1 Patent Publication Trends for Pen Needles
Figure 33 Patent Publication Trends (January 2013-September 2023)
5.11.2 Insights: Jurisdiction and Top Applicants Analysis
Figure 34 Top Applicants & Owners (Companies/Institutions) for Pen Needle Patents (January 2013-September 2023)
Figure 35 Top Applicant Countries for Pen Needle Patents (January 2013- September 2023)
Table 16 Pen Injectors Market: Major Patents
5.12 Key Stakeholders and Buying Criteria
5.12.1 Key Stakeholders in Buying Process
Figure 36 Influence of Stakeholders on Buying Process for Pen Needles
Table 17 Influence of Stakeholders on Buying Process for Pen Needles
5.12.2 Buying Criteria
Figure 37 Key Buying Criteria for Pen Needles, by Type
Table 18 Key Buying Criteria for Pen Needles
5.13 Case Study Analysis
Table 19 Contribution of Smart Insulin Pens for Diabetes Management
5.14 Technology Analysis
5.14.1 Key Technology
5.14.1.1 Fluid Flow Enhancement Technology
5.14.2 Complementary Technology
5.14.2.1 Microfabricated Needles
5.14.2.2 Ai in Pen Injectors
5.14.3 Adjacent Technology
5.14.3.1 Autoinjectors
5.15 Key Conferences and Events
Table 20 Pen Needles Market: Detailed List of Conferences and Events (2023-2024)
5.16 Adjacent Markets Analysis
Figure 38 Pen Needles Market: Adjacent Markets
5.17 User Requirements in Pen Needles Market

6 Pen Needles Market, by Type
6.1 Introduction
Table 21 Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 22 Pen Needles Market, by Region, 2021-2028 (Million Units)
6.2 Standard Pen Needles
6.2.1 Growing Preference Due to Low Costs to Drive Market
Table 23 Standard Pen Needles Offered by Key Players
Table 24 Standard Pen Needles Market, by Country, 2021-2028 (USD Million)
Table 25 Standard Pen Needles Market, by Region, 2021-2028 (Million Units)
6.3 Safety Pen Needles
6.3.1 Concerns Associated with Needlestick Injuries to Propel Market
Table 26 Safety Pen Needles Offered by Key Players
Table 27 Safety Pen Needles Market, by Country, 2021-2028 (USD Million)
Table 28 Safety Pen Needles Market, by Region, 2021-2028 (Million Units)

7 Pen Needles Market, by Length
7.1 Introduction
Table 29 Pen Needles Market, by Length, 2021-2028 (USD Million)
7.2 8Mm
7.2.1 Wide Adoption in North America to Boost Demand
Table 30 8Mm Pen Needles Offered by Key Players
Table 31 8Mm Pen Needles Market, by Country, 2021-2028 (USD Million)
7.3 5Mm
7.3.1 Shorter Length to Fuel Uptake
Table 32 5Mm Pen Needles Offered by Key Players
Table 33 5Mm Pen Needles Market, by Country, 2021-2028 (USD Million)
7.4 6Mm
7.4.1 Favorable Reimbursements to Boost Demand
Table 34 6Mm Pen Needles Offered by Key Players
Table 35 6Mm Pen Needles Market, by Country, 2021-2028 (USD Million)
7.5 4Mm
7.5.1 Wide Adoption Among Children for Insulin Delivery to Drive Demand
Table 36 4Mm Pen Needles Offered by Key Players
Table 37 4Mm Pen Needles Market, by Country, 2021-2028 (USD Million)
7.6 12Mm
7.6.1 High Utilization of Shorter Needles to Limit Adoption
Table 38 12Mm Pen Needles Offered by Key Players
Table 39 12Mm Pen Needles Market, by Country, 2021-2028 (USD Million)
7.7 10Mm
7.7.1 Painful Administration to Restrain Adoption
Table 40 10Mm Pen Needles Offered by Key Players
Table 41 10Mm Pen Needles Market, by Country, 2021-2028 (USD Million)

8 Pen Needles Market, by Application
8.1 Introduction
Table 42 Pen Needles Market, by Application, 2021-2028 (USD Million)
8.2 Insulin Therapy
8.2.1 Rising Incidence of Diabetes to Propel Market
Table 43 Pen Needles Market for Insulin Therapy, by Country, 2021-2028 (USD Million)
8.3 Glucagon-Like Peptide-1 Therapy (Glp-1 Therapy)
8.3.1 Growing Focus of Pharma Companies on Glp-1-Based Therapies to Drive Market
Table 44 Pen Needles Market for Glp-1 Therapy, by Country, 2021-2028 (USD Million)
8.4 Growth Hormone Therapy
8.4.1 Recurring Requirement of Injections to Restrain Market
Table 45 Pen Needles Market for Growth Hormone Therapy, by Country, 2021-2028 (USD Million)
8.5 Osteoporosis
8.5.1 Rising Vitamin D Deficiency Cases to Propel Market
Table 46 Pen Needles Market for Osteoporosis, by Country, 2021-2028 (USD Million)
8.6 Other Applications
Table 47 Pen Needles Market for Other Applications, by Country, 2021-2028 (USD Million)

9 Pen Needles Market, by Setting
9.1 Introduction
Table 48 Pen Needles Market, by Setting, 2021-2028 (USD Million)
9.2 Home Care Settings
9.2.1 Growing Preference for Self-Administration of Insulin to Propel Market
Table 49 Pen Needles Market for Home Care Settings, by Country, 2021-2028 (USD Million)
9.3 Hospitals and Clinics
9.3.1 Increasing Adoption of Safety Pen Needles to Drive Market
Table 50 Pen Needles Market for Hospitals and Clinics, by Country, 2021-2028 (USD Million)
9.4 Other Settings
Table 51 Pen Needles Market for Other Settings, by Country, 2021-2028 (USD Million)

10 Pen Needles Market, by Mode of Purchase
10.1 Introduction
Table 52 Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
10.2 Prescription-Based Purchase
10.2.1 Retail Purchases to Support Market Growth
Table 53 Pen Needles Market for Prescription-Based Purchase, by Country, 2021-2028 (USD Million)
10.3 Over-The-Counter Purchase
10.3.1 Discounts Offered by Local Pharmacies, Suppliers, and Distributors to Drive Market
Table 54 Pen Needles Market for Over-The-Counter Purchase, by Country, 2021-2028 (USD Million)
10.4 Online Purchase
10.4.1 Convenient Time-Efficient Benefits to Propel Market
Table 55 Pen Needles Market for Online Purchases, by Country, 2021-2028 (USD Million)
10.5 Other Modes of Purchase
Table 56 Pen Needles Market for Other Modes of Purchase, by Country, 2021-2028 (USD Million)

11 Pen Needles Market, by Region
11.1 Introduction
Table 57 Pen Needles Market, by Region, 2021-2028 (USD Million)
Figure 39 Emerging Markets to Grow at Higher Growth Rate During Forecast Period
11.2 North America
Figure 40 North America: Pen Needles Market Snapshot
Table 58 North America: Pen Needles Market, by Country, 2021-2028 (USD Million)
Table 59 North America: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 60 North America: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 61 North America: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 62 North America: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 63 North America: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.2.1 US
11.2.1.1 Favorable Reimbursements to Propel Market
Figure 41 Total Fertility Rate in US Population (1990-2021)
Table 64 Us: Macroeconomic Indicators
Table 65 Us: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 66 Us: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 67 Us: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 68 Us: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 69 Us: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.2.2 Canada
11.2.2.1 Rising Prevalence of Diabetes to Drive Market
Table 70 Canada: Macroeconomic Indicators
Table 71 Canada: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 72 Canada: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 73 Canada: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 74 Canada: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 75 Canada: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.2.3 North America: Recession Impact
11.3 Europe
Table 76 Europe: Pen Needles Market, by Country, 2021-2028 (USD Million)
Table 77 Europe: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 78 Europe: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 79 Europe: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 80 Europe: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 81 Europe: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.3.1 Germany
11.3.1.1 High Healthcare Spending to Propel Market
Table 82 Germany: Macroeconomic Indicators
Table 83 Germany: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 84 Germany: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 85 Germany: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 86 Germany: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 87 Germany: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.3.2 UK
11.3.2.1 Nhs Support and Growing Access to Cost-Effective Pen Needles to Drive Market
Table 88 Uk: Macroeconomic Indicators
Table 89 Uk: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 90 Uk: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 91 Uk: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 92 Uk: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 93 Uk: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.3.3 France
11.3.3.1 Favorable Health Insurance System to Propel Market
Table 94 France: Macroeconomic Indicators
Table 95 France: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 96 France: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 97 France: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 98 France: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 99 France: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.3.4 Italy
11.3.4.1 Low Product Pricing to Support Market Growth
Table 100 Italy: Macroeconomic Indicators
Table 101 Italy: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 102 Italy: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 103 Italy: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 104 Italy: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 105 Italy: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.3.5 Spain
11.3.5.1 Supportive Regulations Mandating the Use of Safety Pen Needles to Propel Market
Table 106 Spain: Macroeconomic Indicators
Table 107 Spain: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 108 Spain: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 109 Spain: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 110 Spain: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 111 Spain: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.3.6 Rest of Europe
Table 112 Rest of Europe: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 113 Rest of Europe: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 114 Rest of Europe: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 115 Rest of Europe: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 116 Rest of Europe: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.3.7 Europe: Recession Impact
11.4 Asia-Pacific
Figure 42 Asia-Pacific: Pen Needles Market Snapshot
Table 117 Asia-Pacific: Pen Needles Market, by Country, 2021-2028 (USD Million)
Table 118 Asia-Pacific: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 119 Asia-Pacific: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 120 Asia-Pacific: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 121 Asia-Pacific: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 122 Asia-Pacific: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.4.1 Japan
11.4.1.1 Supportive Reimbursement Policies and Universal Healthcare Coverage to Propel Market
Table 123 Japan: Macroeconomic Indicators
Table 124 Japan: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 125 Japan: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 126 Japan: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 127 Japan: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 128 Japan: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.4.2 China
11.4.2.1 Large Patient Population and Healthcare Infrastructure Improvements to Drive Market Growth
Table 129 China: Macroeconomic Indicators
Table 130 China: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 131 China: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 132 China: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 133 China: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 134 China: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.4.3 Australia & New Zealand
11.4.3.1 High Healthcare Expenditure to Support Market Growth
Table 135 Australia & New Zealand: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 136 Australia & New Zealand: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 137 Australia & New Zealand: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 138 Australia & New Zealand: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 139 Australia & New Zealand: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.4.4 India
11.4.4.1 Healthcare Infrastructural Improvements and Rising Disease Burden to Propel Market
Table 140 India: Macroeconomic Indicators
Table 141 India: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 142 India: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 143 India: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 144 India: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 145 India: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.4.5 South Korea
11.4.5.1 Rising Incidence of Obesity and Hypertension to Support Market Growth
Table 146 South Korea: Macroeconomic Indicators
Table 147 South Korea: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 148 South Korea: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 149 South Korea: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 150 South Korea: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 151 South Korea: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.4.6 Southeast Asia
11.4.6.1 Growing Awareness About Diabetes to Propel Market
Figure 43 Prevalence of Diabetes in Southeast Asia (2021 Vs. 2030)
Figure 44 Healthcare Expenditure (% GDP) in Southeast Asia (2020)
Figure 45 Elderly Population in Southeast Asia (2022)
Table 152 Southeast Asia: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 153 Southeast Asia: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 154 Southeast Asia: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 155 Southeast Asia: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 156 Southeast Asia: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.4.7 Rest of Asia-Pacific
Table 157 Rest of Asia-Pacific: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 158 Rest of Asia-Pacific: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 159 Rest of Asia-Pacific: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 160 Rest of Asia-Pacific: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 161 Rest of Asia-Pacific: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.4.8 Asia-Pacific: Recession Impact
11.5 Latin America
Table 162 Latin America: Pen Needles Market, by Country, 2021-2028 (USD Million)
Table 163 Latin America: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 164 Latin America: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 165 Latin America: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 166 Latin America: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 167 Latin America: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.5.1 Brazil
11.5.1.1 Growing Adoption of Safety Pen Needles to Drive Market
Table 168 Brazil: Macroeconomic Indicators
Table 169 Brazil: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 170 Brazil: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 171 Brazil: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 172 Brazil: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 173 Brazil: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.5.2 Mexico
11.5.2.1 Low Coverage for Core Health Services to Restrain Market
Table 174 Mexico: Macroeconomic Indicators
Table 175 Mexico: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 176 Mexico: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 177 Mexico: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 178 Mexico: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 179 Mexico: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.5.3 Argentina
11.5.3.1 High Out-Of-Pocket Expenditure on Insulin Products to Restrain Market
Table 180 Argentina: Macroeconomic Indicators
Table 181 Argentina: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 182 Argentina: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 183 Argentina: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 184 Argentina: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 185 Argentina: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.5.4 Rest of Latin America
Figure 46 Health Expenditure of Countries in Latin America for 2020 (% GDP)
Table 186 Rest of Latin America: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 187 Rest of Latin America: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 188 Rest of Latin America: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 189 Rest of Latin America: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 190 Rest of Latin America: Pen Needles Market, by Setting, 2021-2028 (USD Million)
11.5.5 Latin America: Recession Impact
11.6 Middle East & Africa
11.6.1 Initiatives to Enhance Healthcare Accessibility to Support Market Growth
11.6.2 Middle East & Africa: Recession Impact
Table 191 Middle East & Africa: Pen Needles Market, by Type, 2021-2028 (USD Million)
Table 192 Middle East & Africa: Pen Needles Market, by Length, 2021-2028 (USD Million)
Table 193 Middle East & Africa: Pen Needles Market, by Application, 2021-2028 (USD Million)
Table 194 Middle East & Africa: Pen Needles Market, by Mode of Purchase, 2021-2028 (USD Million)
Table 195 Middle East & Africa: Pen Needles Market, by Setting, 2021-2028 (USD Million)

12 Competitive Landscape
12.1 Overview
12.2 Key Player Strategies
Table 196 Overview of Strategies Adopted by Key Players in Pen Needles Market
12.3 Revenue Share Analysis
Figure 47 Revenue Analysis for Key Companies in Last Five Years
12.4 Market Share Analysis
Figure 48 Pen Needles Market Share, by Key Player (2022)
12.5 Company Evaluation Matrix (2022)
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
Figure 49 Pen Needles Market: Company Evaluation Matrix (2022)
12.5.5 Company Footprint
Table 197 Pen Needles Market: Overall Company Footprint (20 Companies)
Table 198 Pen Needles Market: Type Footprint (20 Companies)
Table 199 Pen Needles Market: Length Footprint (20 Companies)
Table 200 Pen Needles Market: Application Footprint (20 Companies)
Table 201 Pen Needles Market: Regional Footprint (20 Companies)
12.6 Start-Up/Sme Evaluation Matrix (2022)
12.6.1 Progressive Companies
12.6.2 Responsive Companies
12.6.3 Dynamic Companies
12.6.4 Starting Blocks
Figure 50 Pen Needles Market: Company Evaluation Matrix for Start-Ups (2022)
12.6.5 Competitive Benchmarking
Table 202 Pen Needles Market: Detailed List of Key Start-Ups/Smes
12.7 Competitive Scenarios and Trends
12.7.1 Product Launches
Table 203 Pen Needles Market: Product Launches & Approvals (January 2020-October 2023)
12.7.2 Deals
Table 204 Pen Needles Market: Deals (January 2020- October 2023)
12.7.3 Other Developments
Table 205 Pen Needles Market: Other Developments (January 2020- October 2023)

13 Company Profiles
(Business Overview, Products Offered, Recent Developments & Analyst's View)*
13.1 Key Players
13.1.1 Embecta Corp. (Part of Bd)
Table 206 Embecta Corp.: Company Overview
Figure 51 Embecta Corp.: Company Snapshot (2022)
13.1.2 Novo Nordisk A/S
Table 207 Novo Nordisk A/S: Company Overview
Figure 52 Novo Nordisk A/S: Company Snapshot (2022)
13.1.3 Ypsomed AG
Table 208 Ypsomed Ag: Company Overview
Figure 53 Ypsomed Ag: Company Snapshot (2022)
13.1.4 B. Braun Melsungen AG
Table 209 B. Braun Melsungen Ag: Company Overview
Figure 54 B. Braun Melsungen Ag: Company Snapshot (2022)
13.1.5 Terumo Corporation
Table 210 Terumo Corporation: Company Overview
Figure 55 Terumo Corporation: Company Snapshot (2022)
13.1.6 Nipro Corporation
Table 211 Nipro Corporation: Company Overview
Figure 56 Nipro Corporation: Company Snapshot (2022)
13.1.7 Owen Mumford
Table 212 Owen Mumford: Business Overview
13.1.8 Arkray, Inc.
Table 213 Arkray: Business Overview
13.1.9 Ultimed, Inc.
Table 214 Ultimed, Inc.: Business Overview
13.1.10 Hindustan Syringes & Medical Devices Ltd.
Table 215 Hindustan Syringes & Medical Devices Ltd.: Business Overview
13.1.11 Montmed, Inc.
Table 216 Montmed, Inc.: Business Overview
13.1.12 Htl-Strefa
Table 217 Htl-Strefa: Business Overview
13.1.13 Allison Medical, Inc.
Table 218 Allison Medical, Inc.: Business Overview
13.1.14 Glucorx Limited
Table 219 Glucorx Limited: Business Overview
13.1.15 Berpu Medical Technology Co. Ltd.
Table 220 Berpu Medical Technology Co. Ltd.: Business Overview
13.1.16 Advacare Pharma
Table 221 Advacare Pharma: Business Overview
13.1.17 Artsana Group
Table 222 Artsana Group: Business Overview
13.1.18 Promisemed Medical Devices Inc.
Table 223 Promisemed Medical Devices Inc.: Business Overview
13.1.19 Trividia Health, Inc.
Table 224 Trividia Health, Inc.: Business Overview
13.1.20 Vogt Medical Vertrieb GmbH
Table 225 Vogt Medical Vertrieb Gmbh: Business Overview
*Details on Business Overview, Products Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
13.2 Other Players
13.2.1 Van Heek Medical
Table 226 Van Heek Medical: Company Overview
13.2.2 Simple Diagnostics
Table 227 Simple Diagnostics: Company Overview
13.2.3 Iyon Medical
Table 228 Iyon Medical: Company Overview
13.2.4 Links Medical Products, Inc.
Table 229 Links Medical Products, Inc.: Company Overview
13.2.5 Mhc Medical Products, LLC
Table 230 Mhc Medical Products: Company Overview

14 Appendix
14.1 Discussion Guide
14.2 Knowledgestore: The Subscription Portal
14.3 Customization Options
14.4 Related Reports
14.5 Author Details

Executive Summary

Companies Mentioned

  • Advacare Pharma
  • Allison Medical, Inc.
  • Arkray, Inc.
  • Artsana Group
  • B. Braun Melsungen AG
  • Berpu Medical Technology Co. Ltd.
  • Embecta Corp. (Part of Bd)
  • Glucorx Limited
  • Hindustan Syringes & Medical Devices Ltd.
  • Htl-Strefa
  • Iyon Medical
  • Links Medical Products, Inc.
  • MHC Medical Products, LLC
  • Montmed, Inc.
  • Nipro Corporation
  • Novo Nordisk A/S
  • Owen Mumford
  • Promisemed Medical Devices Inc.
  • Simple Diagnostics
  • Terumo Corporation
  • Trividia Health, Inc.
  • Ultimed, Inc.
  • Van Heek Medical
  • Vogt Medical Vertrieb GmbH
  • Ypsomed AG