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Pen Needles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global pen needles market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. 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. 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 2021-2026. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Needle Length, Therapy, Mode of Purchase, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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?

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$), 2015-2020
Figure 3: Global: Pen Needles Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Pen Needles Market: Breakup by Type (in %), 2020
Figure 5: Global: Pen Needles Market: Breakup by Needle Length (in %), 2020
Figure 6: Global: Pen Needles Market: Breakup by Therapy (in %), 2020
Figure 7: Global: Pen Needles Market: Breakup by Mode of Purchase (in %), 2020
Figure 8: Global: Pen Needles Market: Breakup by End User (in %), 2020
Figure 9: Global: Pen Needles Market: Breakup by Region (in %), 2020
Figure 10: Global: Pen Needles (Standard Pen Needles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Pen Needles (Standard Pen Needles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Pen Needles (Safety Pen Needles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Pen Needles (Safety Pen Needles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Pen Needles (4mm) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Pen Needles (4mm) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Pen Needles (5mm) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Pen Needles (5mm) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Pen Needles (6mm) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Pen Needles (6mm) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Pen Needles (8mm) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Pen Needles (8mm) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Pen Needles (10mm) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Pen Needles (10mm) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Pen Needles (12mm) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Pen Needles (12mm) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Pen Needles (Insulin) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Pen Needles (Insulin) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Pen Needles (GLP-1) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Pen Needles (GLP-1) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Pen Needles (Growth Hormones) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Pen Needles (Growth Hormones) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Pen Needles (Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Pen Needles (Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Pen Needles (Non-Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Pen Needles (Non-Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Pen Needles (Hospitals and Clinics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Pen Needles (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Pen Needles (Home Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Pen Needles (Home Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Pen Needles (Other End Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Pen Needles (Other End Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: North America: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: North America: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: United States: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: United States: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Canada: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Canada: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Asia-Pacific: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Asia-Pacific: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: China: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: China: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Japan: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Japan: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: India: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: India: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: South Korea: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: South Korea: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Australia: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Australia: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Indonesia: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Indonesia: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Europe: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Europe: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Germany: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Germany: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: France: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: France: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: United Kingdom: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: United Kingdom: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Italy: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Italy: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Spain: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Spain: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Russia: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Russia: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Others: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Others: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Latin America: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Latin America: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Brazil: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Brazil: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Mexico: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Mexico: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Others: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Others: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Middle East and Africa: Pen Needles Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Middle East and Africa: Pen Needles Market: Breakup by Country (in %), 2020
Figure 90: Middle East and Africa: Pen Needles Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Pen Needles Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Pen Needles Market Forecast: Breakup by Needle Length (in Million US$), 2021-2026
Table 4: Global: Pen Needles Market Forecast: Breakup by Therapy (in Million US$), 2021-2026
Table 5: Global: Pen Needles Market Forecast: Breakup by Mode of Purchase (in Million US$), 2021-2026
Table 6: Global: Pen Needles Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 7: Global: Pen Needles Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Pen Needles Market: Competitive Structure
Table 9: Global: Pen Needles Market: Key Players

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