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Pen Needles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 147 Pages
  • January 2022
  • Region: Global
  • IMARC Group
  • ID: 5530405
The global pen needles market reached a value of US$2.8 Billion in 2021. Looking forward, the publisher expects the market to reach US$6.5 Billion by 2027, exhibiting a CAGR of 15.01% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor

Pen needles are disposable hollow needles used in pen injectors for delivering pharmaceutical drugs in the subcutaneous tissues of the body. The needle is fixed in the plastic hub of the medical injector pen and consists of plastic caps and individual wrapping for enhanced security and sterilization. Pen needles are manufactured using electro-polishing techniques to achieve smooth, fine and thin point tips for convenient penetration. They are available in a wide variety of gauge sizes and lengths and are majorly used by diabetic patients that require multiple dosages of insulin injections every day. In comparison to the traditionally used syringes and vials, pen needles are highly cost-effective, convenient to use, portable and do not require refrigeration

Pen Needles Market Trends:

The increasing prevalence of diabetes mellitus (DM) and other chronic medical disorders, such as osteoporosis, cardiovascular disease (CVD) and multiple sclerosis, is one of the key factors driving the growth of the market. The treatment of these ailments require multidrug regimen that involves daily or weekly administration of medicinal drugs with injector pens. Moreover, the rising geriatric population, which is more susceptible to chronic ailments is contributing to the growth of the market. Insulin pens provide a reliable, accurate and simplified dosing solution to the elderly patients and facilitate self-administration. Additionally, various product innovations, such as the development of ultra-thin and short-length needles with improved drug delivery systems, are acting as other growth-inducing factors. The traditionally used needles were difficult to use during self-dosage and caused more pain and discomfort to the patients. Other factors, including the increasing healthcare expenditure capacities of the masses, along with the implementation of favorable government policies promoting public health, are anticipated to drive the market toward growth

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global pen needles market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, needle length, therapy, mode of purchase and end user

Breakup by Type:

  • Standard Pen Needles
  • Safety Pen Needles

Breakup by Needle Length:

  • 4mm
  • 5mm
  • 6mm
  • 8mm
  • 10mm
  • 12mm

Breakup by Therapy:

  • Insulin
  • GLP-1
  • Growth Hormones

Breakup by Mode of Purchase:

  • Retail
  • Non-Retail

Breakup by End User:

  • Hospitals and Clinics
  • Home Healthcare
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being A. Menarini Diagnostics srl, Advancare Pharma, Arkray Inc., B. Braun Melsungen AG, Becton Dickinson and Company, Hindustan Syringes & Medical Devices Ltd., HTL Strefa SA, Novo Nordisk A/S, Owen Mumford Ltd., Simple Diagnostics, Trividia Health Inc. (Sinocare) and Ultimed Inc

Key Questions Answered in This Report:

  • How has the global pen needles market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global pen needles market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the needle length?
  • What is the breakup of the market based on the therapy?
  • What is the breakup of the market based on the mode of purchase?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global pen needles market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Pen Needles Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Standard Pen Needles
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Safety Pen Needles
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Needle Length
7.1 4mm
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 5mm
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 6mm
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 8mm
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 10mm
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 12mm
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Therapy
8.1 Insulin
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 GLP-1
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Growth Hormones
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Mode of Purchase
9.1 Retail
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Non-Retail
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End User
10.1 Hospitals and Clinics
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Home Healthcare
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 A. Menarini Diagnostics srl
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Advancare Pharma
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Arkray Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 B. Braun Melsungen AG
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 SWOT Analysis
16.3.5 Becton Dickinson and Company
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Hindustan Syringes & Medical Devices Ltd.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 HTL Strefa S A
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Novo Nordisk
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Owen Mumford Ltd.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 SWOT Analysis
16.3.10 Simple Diagnostics
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Trividia Health Inc. (Sinocare)
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Ultimed Inc.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Pen Needles Market: Major Drivers and Challenges
Figure 2: Global: Pen Needles Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Pen Needles Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Pen Needles Market: Breakup by Type (in %), 2021
Figure 5: Global: Pen Needles Market: Breakup by Needle Length (in %), 2021
Figure 6: Global: Pen Needles Market: Breakup by Therapy (in %), 2021
Figure 7: Global: Pen Needles Market: Breakup by Mode of Purchase (in %), 2021
Figure 8: Global: Pen Needles Market: Breakup by End User (in %), 2021
Figure 9: Global: Pen Needles Market: Breakup by Region (in %), 2021
Figure 10: Global: Pen Needles (Standard Pen Needles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Pen Needles (Standard Pen Needles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Pen Needles (Safety Pen Needles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Pen Needles (Safety Pen Needles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Pen Needles (4mm) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Pen Needles (4mm) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Pen Needles (5mm) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Pen Needles (5mm) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Pen Needles (6mm) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Pen Needles (6mm) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Pen Needles (8mm) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Pen Needles (8mm) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Pen Needles (10mm) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Pen Needles (10mm) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Pen Needles (12mm) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Pen Needles (12mm) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Pen Needles (Insulin) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Pen Needles (Insulin) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Pen Needles (GLP-1) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Pen Needles (GLP-1) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Pen Needles (Growth Hormones) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Pen Needles (Growth Hormones) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Pen Needles (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Pen Needles (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Pen Needles (Non-Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Pen Needles (Non-Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Pen Needles (Hospitals and Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Pen Needles (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Pen Needles (Home Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Pen Needles (Home Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Pen Needles (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Pen Needles (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: North America: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: North America: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: United States: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: United States: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Canada: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Canada: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Asia-Pacific: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Asia-Pacific: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: China: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: China: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Japan: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Japan: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: India: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: India: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: South Korea: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: South Korea: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Australia: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Australia: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Indonesia: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Indonesia: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Europe: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Europe: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Germany: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Germany: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: France: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: France: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: United Kingdom: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: United Kingdom: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Italy: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Italy: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Spain: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Spain: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Russia: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Russia: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Latin America: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Latin America: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Brazil: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Brazil: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Mexico: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Mexico: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Middle East and Africa: Pen Needles Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Middle East and Africa: Pen Needles Market: Breakup by Country (in %), 2021
Figure 90: Middle East and Africa: Pen Needles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Global: Pen Needles Industry: SWOT Analysis
Figure 92: Global: Pen Needles Industry: Value Chain Analysis
Figure 93: Global: Pen Needles Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Pen Needles Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Pen Needles Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Pen Needles Market Forecast: Breakup by Needle Length (in Million US$), 2022-2027
Table 4: Global: Pen Needles Market Forecast: Breakup by Therapy (in Million US$), 2022-2027
Table 5: Global: Pen Needles Market Forecast: Breakup by Mode of Purchase (in Million US$), 2022-2027
Table 6: Global: Pen Needles Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Global: Pen Needles Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Pen Needles Market: Competitive Structure
Table 9: Global: Pen Needles Market: Key Players

Companies Mentioned

  • A. Menarini Diagnostics srl
  • Advancare Pharma
  • Arkray Inc.
  • B. Braun Melsungen AG
  • Becton Dickinson
  • Company
  • Hindustan Syringes & Medical Devices Ltd.
  • HTL Strefa SA
  • Novo Nordisk A/S
  • Owen Mumford Ltd.
  • Simple Diagnostics
  • Trividia Health Inc. (Sinocare)
  • Ultimed Inc.

Methodology

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