+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Pen Needles Market by Type (Standard Pen Needles and Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP-1, Growth Hormone, and Others), Mode of Purchase (Retail, Non-Retail) - Global Forecasts to 2023

  • ID: 4752381
  • Report
  • Region: Global
  • 145 Pages
  • Markets and Markets
1 of 5
The Pen Needles Market is Projected to Grow at a CAGR of 11% During the Forecast Period

FEATURED COMPANIES

  • Allison Medical, Inc.
  • Arkray, Inc.
  • Artsana S.P.A.
  • B. Braun Melsungen
  • Glucorx
  • HTL-Strefa
  • MORE

The pen needles market is projected to grow at a CAGR of 11% during the forecast period.

The pen needles market is expected to reach 3.4 billion by 2023 from an estimated USD 2.0 billion in 2018, at a CAGR of 11.0% during the forecast period. Growth in the pen needles market is mainly driven by factors such as the growing prevalence of chronic diseases and the favorable reimbursement scenario in selected countries. The growing preference for biosimilar drugs is another factor providing a wide range of growth opportunities for key players in the market. On the other hand, the preference for alternative modes of drug delivery and the poor reimbursement scenario in developing countries are key factors restricting market growth to a certain extent. The reuse of pen needles is another key factor challenging market growth.

By type, the safety pen needles segment is expected to grow at the highest rate during the forecast period.

On the basis of type, the pen needles market is segmented into standard and safety pen needles. The safety pen needles segment is expected to grow at the highest CAGR during the forecast period as they reduce direct pressure on the skin due to their wide shield diameter.

The retail segment dominated the market in 2018.

On the basis of mode of purchase, the pen needles market is segmented into retail and non-retail. The retail segment dominated the market in 2018. This can be attributed to the significant discounts offered on the online/retail purchases of pen needles and the convenience associated with online purchases.

The Asia Pacific pen needles market is expected to grow at the highest CAGR during the forecast period.

Asia Pacific, comprising China, India, Japan, and Rest of Asia Pacific countries offers high-growth opportunities for players in the pen needles market. This segment is slated to register the highest CAGR during the forecast period.
Some of the factors driving market growth in the Asia Pacific region are high patient population, rising healthcare expenditure, and increasing healthcare access.

Break of primary participants was as mentioned below:

  • By Company Type – Tier 1–55%, Tier 2–25% and Tier 3–20%
  • By Designation – C-level–43%, Director Level–32%, Others–25%
  • By Region – North America–38%, Europe–23%, Asia Pacific–29%, RoW–10%

The key players in the pen needles market are Becton, Dickinson and Company (US), Novo Nordisk A/S (Denmark), Ypsomed Holding AG (Switzerland), B. Braun Melsungen AG (Germany), HTL-STREFA S.A. (Poland), Terumo Corporation (Japan), and Owen Mumford.

Research Coverage:
The report analyzes the pen needles market and aims at estimating the market size and future growth potential of this market based on various segments such as type, length, therapy, mode of purchase, and region. The report also includes a competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies. 

Reasons to Buy 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 Penetration: Comprehensive information on the services offered by the top players in the pen needles market. The report analyzes the market based on type, length, therapy, mode of purchase, and region

  • Product Development/Innovation: Detailed insights on new product launches in the pen needles market
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various pen needles across regions
  • Market Diversification: Exhaustive information about solutions and services, untapped regions, recent developments, and investments in the pen needles market
  • Competitive Assessment: In-depth assessment of market shares, strategies, distribution networks, and manufacturing capabilities of the leading players in the market
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Allison Medical, Inc.
  • Arkray, Inc.
  • Artsana S.P.A.
  • B. Braun Melsungen
  • Glucorx
  • HTL-Strefa
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Market Data Validation and Triangulation
2.3 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Pen Needles Market Overview
4.2 Europe: Pen Needles Market, By Type & Country, 2018
4.3 North America: Pen Needles Market, By Type, 2018
4.4 Pen Needles Market: Geographic Snapshot

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Prevalence of Chronic Diseases
5.2.1.2 Favorable Reimbursement in Selected Countries
5.2.2 Restraints
5.2.2.1 Preference for Alternative Modes of Drug Delivery
5.2.2.2 Poor Reimbursement Scenario in Developing Countries
5.2.3 Opportunities
5.2.3.1 Growing Preference for Biosimilar Drugs
5.2.4 Challenges
5.2.4.1 Reuse of Pen Needles

6 Industry Insights
6.1 Introduction
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Bargaining Power of Suppliers
6.2.3 Bargaining Power of Buyers
6.2.4 Segment Rivalry
6.2.5 Threat of Substitutes
6.3 Competitive Intensity
6.3.1 Evaluation Parameters
6.3.2 Scoring Methodology
6.3.3 Competitive Intensity Score, By Company
6.3.3.1 Competitive Intensity Score for BD
6.3.3.2 Competitive Intensity Score for Novo Nordisk
6.3.3.3 Competitive Intensity Score for Ypsomed
6.3.4 Competitive Intensity Mapping of BD, Novo Nordisk, and Ypsomed
6.3.5 Comparison of Evaluation Parameters, By Company
6.3.5.1 Pricing
6.3.5.2 Product Portfolio
6.3.5.3 Product Launches/Technological Advancements
6.3.5.4 Geographical Presence
6.3.5.5 Promotional/Marketing Activities
6.3.5.6 Sponsorships/Donations/Education/Awareness Campaigns
6.3.5.7 M&A, Partnerships, Collaborations, Agreements, and Expansions
6.3.5.8 Certifications/Accreditations/Awards

7 Pen Needles Market, By Type
7.1 Introduction
7.2 Standard Pen Needles
7.2.1 Standard Pen Needles are Preferred Over Safety Pen Needles as They are More Affordable, Considering the Need for Daily Insulin Intake
7.3 Safety Pen Needles
7.3.1 Demand for Safety Pen Needles to Rise Due to Growing Concerns Regarding the Prevention of Nsis Associated With Standard Needles

8 Pen Needles Market, By Length
8.1 Introduction
8.2 4mm
8.2.1 4mm Pen Needles are Expected to Register the Highest Growth Rate During the Forecast Period
8.3 5mm
8.3.1 5mm Pen Needles to Register the Second-Highest Growth Rate During the Study Period
8.4 6mm
8.4.1 6mm Pen Needles are the Most Commonly Used Needles Across the Globe
8.5 8mm
8.5.1 8mm Pen Needles Will Continue to Dominate the Pen Needles Market During the Forecast Period
8.6 10mm
8.6.1 Availability of Shorter Pen Needles to Restrain the Growth of the 10mm Pen Needles Market
8.7 12mm
8.7.1 Popularity of Shorter & Less Painful Needles to Hamper the Growth of the 12mm Pen Needles Market

9 Pen Needles Market, By Therapy
9.1 Introduction
9.2 Insulin Therapy
9.2.1 Rising Prevalence of Diabetes to Drive the Growth of the Pen Needles Market for Insulin Therapy
9.3 Glucagon-Like Peptide-1 (GLP-1) Therapy
9.3.1 Strong Focus of Major Pharmaceutical Companies to Introduce GLP-1 Drugs in the Market to Drive the Growth of the Pen Needles Market for GLP-1 Therapy
9.4 Growth Hormone Therapy
9.4.1 Development of Sustained-Release Growth Hormone Formulations for Reducing Injection Frequency to Restrain the Growth of the Pen Needles Market for Growth Hormone Therapy
9.5 Other Therapies

10 Pen Needles Market, By Mode of Purchase
10.1 Introduction
10.2 Retail
10.2.1 Retail Purchases of Pen Needles to Witness High Growth in the Coming Years Owing to the Growing Popularity of Online Purchases
10.3 Non-Retail
10.3.1 The Large Number of Needle-Phobic Diabetic Patients is Supporting the Growth of This Segment

11 Pen Needles Market, By Region
11.1 Introduction
11.2 Europe
11.2.1 Germany
11.2.1.1 High Diabetes Expenditure and Reimbursement for Pen Needles is Expected to Drive the Market in Germany
11.2.2 UK
11.2.2.1 NHS Support and Access to Cost-Effective Pen Needles are Likely to Drive the Market in the UK
11.2.3 France
11.2.3.1 Higher Insurance Coverage and Increase in Aging Population and Affordability Contribute to Demand for Pen Needles
11.2.4 Italy
11.2.4.1 Wide Regional Variations in Terms of Benefits and Coverage to Slow Growth in Italy
11.2.5 Spain
11.2.5.1 Supportive Regulations Mandating the Use of Safety Pen Needles to Boost the Growth of the Spanish Market
11.2.6 Rest of Europe
11.3 North America
11.3.1 US
11.3.1.1 US Dominates the Pen Needles Market in North America
11.3.2 Canada
11.3.2.1 High Diabetes Prevalence and Growing Geriatric Population Will Support Pen Needle Uptake
11.4 Asia Pacific
11.4.1 Japan
11.4.1.1 High Diabetes Incidence and Approval of Injectable Insulin to Drive the Pen Needles Market in Japan
11.4.2 China
11.4.2.1 Suboptimal Insurance Coverage Policies Will Dampen Market Growth
11.4.3 India
11.4.3.1 Low Pen Needle Penetration, Lack of Awareness to Restrain Market Growth in India
11.4.4 Rest of Asia Pacific
11.5 Rest of the World
11.5.1 Latin America
11.5.1.1 Healthcare Reforms to Drive Growth in Mexico
11.5.2 Middle East & Africa
11.5.2.1 Favorable Reforms in South Africa to Bolster Market Growth

12 Competitive Landscape
12.1 Overview
12.2 Market Share (As of 2017)
12.2.1 Becton, Dickinson and Company
12.2.2 Novo Nordisk
12.2.3 Ypsomed
12.3 Competitive Leadership Mapping (2017)
12.3.1 Vendor Inclusion Criteria
12.3.2 Visionary Leaders
12.3.3 Innovators
12.3.4 Dynamic Differentiators
12.3.5 Emerging Companies
12.4 Competitive Scenario
12.4.1 Product Launches
12.4.2 Expansions
12.4.3 Agreements

13 Company Profiles
13.1 Becton, Dickinson and Company
13.2 Novo Nordisk
13.3 Ypsomed
13.4 Owen Mumford, Ltd.
13.5 HTL-Strefa
13.6 B. Braun Melsungen
13.7 Terumo Corporation
13.8 Ultimed
13.9 Allison Medical, Inc.
13.10 Artsana S.P.A.
13.11 Arkray, Inc.
13.12 Glucorx

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details

List of Tables
Table 1 Evaluation Parameters & Scores
Table 2 Competitive Intensity for BD
Table 3 Competitive Intensity for Novo Nordisk
Table 4 Competitive Intensity for Ypsomed
Table 5 Market, By Type, 2016–2023 (USD Million)
Table 6 Market, By Type, 2016–2023 (Million Units)
Table 7 Standard Pen Needles Market, By Region, 2016–2023 (USD Million)
Table 8 Standard Pen Needles Market, By Region, 2016–2023 (Million Units)
Table 9 Safety Pen Needles Market, By Region, 2016–2023 (USD Million)
Table 10 Safety Pen Needles Market, By Region, 2016–2023 (Thousand Units)
Table 11 Market, By Length, 2016–2023 (USD Million)
Table 12 4mm Pen Needles Market, By Region, 2016–2023 (USD Million)
Table 13 5mm Pen Needles Market, By Region, 2016–2023 (USD Million)
Table 14 6mm Pen Needles Market, By Region, 2016–2023 (USD Million)
Table 15 8mm Pen Needles Market, By Region, 2016–2023 (USD Million)
Table 16 10mm Pen Needles Market, By Region, 2016–2023 (USD Million)
Table 17 12mm Pen Needles Market, By Region, 2016–2023 (USD Million)
Table 18 Market, By Therapy, 2016–2023 (USD Million)
Table 19 Market for Insulin Therapy, By Region, 2016–2023 (USD Million)
Table 20 Market for GLP-1 Therapy, By Region, 2016–2023 (USD Million)
Table 21 Market for Growth Hormone Therapy, By Region, 2016–2023 (USD Million)
Table 22 Market for Other Therapies, By Region, 2016–2023 (USD Million)
Table 23 Market, By Mode of Purchase, 2016–2023 (USD Million)
Table 24 Market for Retail Purchases, By Region, 2016–2023 (USD Million)
Table 25 Indicative List of Regulatory Acts
Table 26 Market for Non-Retail Purchases, By Region, 2016–2023 (USD Million)
Table 27 Market, By Region, 2016–2023 (USD Million)
Table 28 Market, By Region, 2016–2023 (Million Units)
Table 29 Europe: Pen Needles Market, By Country, 2016–2023 (USD Million)
Table 30 Europe: Market, By Country, 2016–2023 (Million Units)
Table 31 Europe: Market, By Type, 2016–2023 (USD Million)
Table 32 Europe: Market, By Type, 2016–2023 (Million Units)
Table 33 Europe: Market, By Needle Length, 2016–2023 (USD Million)
Table 34 Europe: Market, By Therapy, 2016–2023 (USD Million)
Table 35 Europe: Market, By Mode of Purchase, 2016–2023 (USD Million)
Table 36 Germany: Market, By Type, 2016–2023 (USD Million)
Table 37 Germany: Pen Needles Market, By Type, 2016–2023 (Million Units)
Table 38 UK: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 39 UK: Market, By Type, 2016–2023 (Million Units)
Table 40 France: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 41 France: Market, By Type, 2016–2023 (Million Units)
Table 42 Italy: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 43 Italy: Market, By Type, 2016–2023 (Million Units)
Table 44 Spain: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 45 Spain: Market, By Type, 2016–2023 (Million Units)
Table 46 RoE: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 47 RoE: Market, By Type, 2016–2023 (Million Units)
Table 48 North America: Pen Needles Market, By Country, 2016–2023 (USD Million)
Table 49 North America: Market, By Country, 2016–2023 (Million Units)
Table 50 North America: Market, By Type, 2016–2023 (USD Million)
Table 51 North America: Market, By Type, 2016–2023 (Million Units)
Table 52 North America: Market, By Needle Length, 2016–2023 (USD Million)
Table 53 North America: Market, By Therapy, 2016–2023 (USD Million)
Table 54 North America: Market, By Mode of Purchase, 2016–2023 (USD Million)
Table 55 US: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 56 US: Market, By Type, 2016–2023 (Million Units)
Table 57 Canada: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 58 Canada: Market, By Type, 2016–2023 (Million Units)
Table 59 Asia Pacific: Pen Needles Market, By Country, 2016–2023 (USD Million)
Table 60 Asia Pacific: Market, By Country, 2016–2023 (Million Units)
Table 61 Asia Pacific: Market, By Type, 2016–2023 (USD Million)
Table 62 Asia Pacific: Market, By Type, 2016–2023 (Million Units)
Table 63 Asia Pacific: Market, By Needle Length, 2016–2023 (USD Million)
Table 64 Asia Pacific: dles Market, By Therapy, 2016–2023 (USD Million)
Table 65 Asia Pacific: Market, By Mode of Purchase, 2016–2023 (USD Million)
Table 66 Japan: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 67 Japan: Market, By Type, 2016–2023 (Million Units)
Table 68 China: Market, By Type, 2016–2023 (USD Million)
Table 69 China: Pen Needles Market, By Type, 2016–2023 (Million Units)
Table 70 India: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 71 India: Market, By Type, 2016–2023 (Million Units)
Table 72 RoAPAC: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 73 RoAPAC: Market, By Type, 2016–2023 (Thousand Units)
Table 74 RoW: Market, By Region, 2016–2023 (USD Million)
Table 75 RoW: Pen Needles Market, By Region, 2016–2023 (Million Units)
Table 76 RoW: Market, By Type, 2016–2023 (USD Million)
Table 77 RoW: Market, By Type, 2016–2023 (Thousand Units)
Table 78 RoW: Market, By Needle Length, 2016–2023 (USD Million)
Table 79 RoW: Market, By Therapy, 2016–2023 (USD Million)
Table 80 RoW: Market, By Mode of Purchase, 2016–2023 (USD Million)
Table 81 Latin America: Pen Needles Market, By Type, 2016–2023 (USD Million)
Table 82 Latin America: Market, By Type, 2016–2023 (Thousand Units)
Table 83 Middle East & Africa: Market, By Type, 2016–2023 (USD Million)
Table 84 Middle East & Africa: Pen Needles Market, By Type, 2016–2023 (Thousand Units)
Table 85 Product Launches
Table 86 Expansions
Table 87 Agreements

List of Figures
Figure 1 Pen Needles Market Segmentation
Figure 2 Pen Needles Market: Research Methodology
Figure 3 Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Market, By Type, 2018
Figure 9 Market, By Length, 2018–2023
Figure 10 Market, By Therapy, 2018–2023
Figure 11 Market, By Mode of Purchase, 2018
Figure 12 Geographic Snapshot: Pen Needles Market, 2018
Figure 13 Growing Prevalence of Chronic Diseases to Drive the Growth of the Pen Needles Market
Figure 14 Standard Pen Needles to Dominate the European Pen Needles Market During the Forecast Period
Figure 15 Standard Pen Needles to Dominate the North American Pen Needles Market During the Forecast Period
Figure 16 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Pen Needles Market: Drivers, Restraints, Opportunities, & Challenges
Figure 18 Porter’s Five Forces Analysis: Pen Needles Market
Figure 19 Scoring Methodology
Figure 20 Comparisons of Competitive Intensity Scores: BD, Novo Nordisk, and Ypsomed
Figure 21 Relative Positioning of Companies Based on Competitive Intensity Score and Pen Needle Focus
Figure 22 Safety Pen Needles By BD and Standard Pen Needles By Novo Nordisk are Premium-Priced
Figure 23 BD has A Robust Portfolio of Both Standard and Safety Pen Needles
Figure 24 BD has A Higher Focus on Innovation for Its Pen Needles Business
Figure 25 BD and Novo Nordisk Have A Strong Geographic Presence
Figure 26 BD and Novo Nordisk Showcase High Focus on Marketing & Promotional Activities
Figure 27 Novo Nordisk has A High Focus on Diabetes Education & Awareness
Figure 28 Novo Nordisk Aggressively Follows the Strategies of Partnerships & Agreements
Figure 29 BD, Novo Nordisk, and Ypsomed Equally Exhibit High Compliance With Industry Standards
Figure 30 Standard Pen Needles to Command the Largest Share of the Pen Needles Market During the Forecast Period
Figure 31 8mm Pen Needles Segment Accounted for the Largest Market Share in 2018
Figure 32 Insulin Therapy Segment to Command the Largest Share of the Pen Needles Market in 2018
Figure 33 Retail Segment Will Continue to Dominate the Pen Needles Market During the Forecast Period
Figure 34 Europe to Command the Largest Share of the Global Pen Needles Market in 2018
Figure 35 Europe: Market Snapshot
Figure 36 North America: Market Snapshot
Figure 37 Asia Pacific: Market Snapshot
Figure 38 Rest of World: Market Snapshot
Figure 39 Market Share (As of 2017)
Figure 40 MnM Dive-Vendor Comparison Matrix: Pen Needles Market
Figure 41 Strategies Adopted By Market Players (2015-2018)
Figure 42 Becton, Dickinson and Company: Company Snapshot
Figure 43 Novo Nordisk: Company Snapshot
Figure 44 Ypsomed: Company Snapshot
Figure 45 B.Braun: Company Snapshot
Figure 46 Terumo: Company Snapshot

Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5
5 of 5
  • Allison Medical, Inc.
  • Arkray, Inc.
  • Artsana S.P.A.
  • B. Braun Melsungen
  • Becton, Dickinson and Company
  • Glucorx
  • HTL-Strefa
  • Novo Nordisk
  • Owen Mumford, Ltd.
  • Terumo Corporation
  • Ultimed
  • Ypsomed
Note: Product cover images may vary from those shown
Adroll
adroll