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1053475

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

Published: | IMARC Services Private Limited | 147 Pages | Delivery time: 2-3 business days

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Pen Needles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: January 10, 2022
IMARC Services Private Limited
Content info: 147 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The global pen needles market reached a value of US$2.8 Billion in 2021. Looking forward, IMARC Group 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, we 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:

  • IMARC Group 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?
Product Code: SR0122A222_Report

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