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Pen Needles Market Share, Trends Analysis, Growth and Forecast By 2029 | Becton Dickinson and Company, Novo Nordisk, Ulticare, Ypsomed Holding AG

Needle Handling

The global pen needles market is expected to grow at a 12% CAGR from 2022 to 2029. It is expected to reach above USD 2.75 billion by 2029 from USD 1.8 billion in 2020.

The data offered in the global Pen Needles Market report is a compiling of data identified and collected from various sources. The scope of growth of the Pen Needles market during the projection period is identified after analysing changed data sources. Recent trends that have the potential to increase the market share occupied by the product/service in the global market are identified to give a better representation of the market. The market growth rate from the year 2022 to the year 2029 has been presented in detail for the base period. Investment opportunities that can prove profitable to investors are identified and are categorized based on the ones that offer the highest rates of return. The market data collected during the base period is expansively analysed to effectively predict the market share from the year 2022 to the year 2029 for the forecast period.

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Top Key Players: Becton Dickinson and Company, Novo Nordisk, Ulticare, Ypsomed Holding AG, B. Braun Melsungen AG, Terumo Corporation, Owen Mumford Ltd., Allison Medical, Cambridge Sensors Ltd., Montmed Inc., and Stat Medical Inc

Recent News

In February 2021, Ulticare safety pen needles are launched in two sizes, 5mm 30G and 8mm 30 G launched by UltiMed Inc. (US).

In October 2020, Arkray Inc. (Japan) launched TechLITE Pen Needles which are now indicated for use with pen injector devices for the subcutaneous injection of drugs in the US.

In January 2019, Becton, Dickinson and Company (US) launched Second Generation Standard Pen Needles.

In August 2018, Arkray Inc. (Japan) launched Assure ID safety pen needles.

The report offers valued insight into the Pen Needles market development and approaches related to the Pen Needles market with an analysis of each region. The report goes on to conversation about the leading aspects of the market and inspect each segment.

There are many different factors that have caused the quick expansion of the On-platform Pen Needles market. A detailed study of the estimating history of the product/service, the value that the product/service brings to the table, as well as plenty of different volume trends, has been analysed. Important information such as how the growing population, advancing technology as well as the important dynamics of supply and demand impacts the product on a global level have been covered. In addition to the above, government initiatives, as well as the competitive landscape that exists in the On-platform Pen Needles market through the forecast period, has been analysed.

The report titled, “Pen Needles Market” boons an in-depth summary of the competitive landscape of the market globally, thus helping establishments understand the primary threats and prospects that vendors in the market are dealt with. It also incorporates thorough business profiles of some of the prime vendors in the market.

Market Segment by Regions, regional analysis covers                

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Research objectives:

To study and analyse the global Pen Needles market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2029.

To understand the structure of Pen Needles market by identifying its various sub segments.

Focuses on the key global Pen Needles players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Pen Needles with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the size of Pen Needles submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market

Key question answered in this report

What will the market size be in 2029 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

Table of Contents: Pen Needles Market

Section 1 Market Overview

Section 2 Global Pen Needles Market Manufacturer Share

Section 3 Manufacturer Pen Needles Business Introduction

Section 4 Global Pen Needles Market Segmentation (By Region)

Section 5 Global Pen Needles Market Segmentation (by Product Type)

Section 6 Global Pen Needles Market Segmentation (by Application)

Section 7 Global Pen Needles Market Segmentation (by Channel)

Section 8 Market Forecast 2022-2029

Section 9 Pen Needles Application and Client Analysis

Section 10 Pen Needles Manufacturing Cost of Analysis

Section 11 Conclusion

Section 12 Methodology and Data Source

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Pen Needles Market: Rising Demand, Technological Innovations, and Market Trends in Pen Needle Devices | BD (Becton,  Dickinson and Company), Novo Nordisk A/S, Ypsomed AG, Owen Mumford Ltd., UltiMed Inc., HTL-STREFA S.A., Terumo Corporation

Global “Pen Needles Market” is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Pen Needles Market report would benefit request players to define systems for the future and gain a solid situation in the worldwide market request development. Other than this, the specialists have profoundly contemplated distinctive geological regions and introduced a serious situation to help new rivals, driving business sector players and fiscal backers to decide arising economies.

This report on the Pen Needles Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides an idea about various market inhibitors as well as market motivators in both a quantitative and qualitative approach with the purpose of providing users with accurate information.

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What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

The Major Players Covered in Pen Needles Market: BD (Becton,  Dickinson and Company), Novo Nordisk A/S, Ypsomed AG, Owen Mumford Ltd., UltiMed Inc., HTL-STREFA S.A., Terumo Corporation, Allison Medical Inc., B. Braun Melsungen AG, ARKRAY Inc.

Cataloging the Competitive Terrain of the Pen Needles Market:

  • The report provides an overview of every manufacturers and the products developed by each manufacturer along with the application scope of every product.
  • Data regarding the market share of every company, as well as sales figures concerning each firm, is stated in the report.
  • Details regarding the profit margins and price patterns have been inculcated in the report.

Industry Development: 

  • BD (Becton, Dickinson and Company) launched the BD Nano™ Ultra-Fine™ pen needle in 2021, featuring a 4 mm needle length for enhanced patient comfort and reliable insulin delivery.
  • Novo Nordisk A/S introduced the NovoFine® Plus pen needle with an integrated needle remover in 2020, providing convenience and safety for patients during needle disposal.
  • Ypsomed AG developed the UnoPen™, an insulin pen system with a built-in pen needle, in 2021, offering a compact and user-friendly solution for insulin administration.
  • Owen Mumford Ltd. launched the Unifine® Pentips Plus pen needle in 2020, featuring an extended barrel to facilitate easier handling and improved accuracy during injections.
  • UltiMed, Inc. introduced the UltiGuard® Safe Pack, a combination of a pen needle dispenser and a sharps container, in 2021, promoting safe needle disposal for patients with diabetes.

Pen Needles Market Dynamics:

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Growth Drivers:

  • Increasing prevalence of diabetes worldwide, driving the demand for insulin pens and pen needles for self-administration of insulin.
  • Technological advancements in pen needle design, such as shorter and thinner needles, enhanced safety features, and needle integration with pen devices, improving patient comfort and convenience.
  • Growing awareness about the benefits of pen needle use, such as accurate dosing, reduced pain, and improved adherence to insulin therapy, among patients with diabetes.
  • Rising adoption of insulin therapy as a preferred method for diabetes management, fueling the demand for pen needles in healthcare settings and homecare.
  • Favorable reimbursement policies for diabetes management devices and supplies, including pen needles, supporting the market growth.

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Segmentation Analysis of the Market:

Global Pen Needles Market forecast report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. Global Pen Needles Market segments and Market Data Break Down are illuminated.

Gauge:

    • 30G
    • 31G
    • 32G
    • Others

Therapy Type:

    • Insulin Therapy
    • Glucagon-Like Peptide-1 (GLP-1) Therapy

Distribution Channel:

    • Retail Pharmacies
    • Online Pharmacies
    • Diabetes Clinics and Centers
    • Others

Pen Needles Market Regional Analysis: 

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Pen Needles in these regions, covering

•North America (USA, Canada and Mexico)
•Europe (UK, Germany, France and the Rest of Europe)
•Asia Pacific (China, Japan, India, and the Rest of the Asia Pacific region)
•South America (Brazil, Argentina and the Rest of South America)
•Middle East and Africa (GCC and Rest of the Middle East and Africa)

** Note – This report sample includes:

  • Scope For 2024
  • Brief Introduction to the research report.
  • Table of Contents (Scope covered as a part of the study)
  • Top players in the market
  • Research framework (structure of the report)
  • Research methodology adopted by The Market Insights

The Global Pen Needles Market Industry Report Covers The Following Data Points:

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟏: This section covers the global Market overview, including the basic market introduction, market analysis by its applications, type, and regions. The major regions of the global Market industry include North America, Europe, Asia-Pacific, and the Middle-East and Africa. Pen Needles Market industry statistics and outlook are presented in this section. Market dynamics states the opportunities, key driving forces, market risk are studied.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟐: This section covers Market manufacturers profile based on their business overview, product type, and application. Also, the sales volume, market product price, gross margin analysis, and share of each player is profiled in this report.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟒: These sections present the market competition based on sales, profits, and market division of each manufacturer. It also covers the industry scenario based on regional conditions.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟓 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟔: These sections provide forecast information related to Pen Needles Market for each region. The sales channels include direct and indirect Marketing, traders, distributors, and development trends are presented in this report.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟕 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟖: In these sections, Industry key research conclusions and outcome, analysis methodology, and data sources are covered.

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The analyst presents a detailed picture of the market by the way of study, synthesis and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable and a result of extensive research – both primary and secondary. TMI provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

What makes the information worth buying?

• A comprehensive and in-depth overview of the global Pen Needles industry in exchange, use, and geographical area sectors is provided.

• This research looks at the industry rewards and constraints that influence industry growth.

• Developing business strategies and aspects to aid in an emerging market.

• Examining free markets and developing appropriate strategies.

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Jessica Joyal

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Pen Needles Market Growing Trends and Demands Analysis forecast 2023 to 2030 – CAGR of 12.1% during the forecast period

New Jersey, United States- The Market Research report 2023-2030 is an in-depth analysis of the Global Pen Needles Market. On the basis of historic growth analysis and the current scenario of the Pen Needles Market place, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in the report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate a deeper understanding of multiple aspects of the Global Pen Needles Market. This further helps users with their developmental strategy.

The Global Pen Needles Market size was valued at USD 2.7 Billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 12.1% from 2023 to 2030.

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What Is The Pen Needles Market Overview?

Injectable medications are administered utilizing pen instruments and injection pens. The injection pens, which are available in various lengths and diameters, are connected to a hollow needle via a plastic center. Traditional drug administration involves a vial and syringe, but you can also use an injection pen and pen needle. During the forecast period, the global market for pen needles is anticipated to expand. This is because more individuals are falling ill, particularly with diabetes and other illnesses.

As the number of persons with diabetes rises, demand for pen needles increases. According to the International Diabetes Federation (IDF), 642 million persons will have diabetes by 2040. In the coming years, the target market is anticipated to expand as more people develop diabetes. Diabetes patients frequently use these products to inject insulin or other injectable medications. Overweight individuals are more prone to develop diabetes.

Who are the Top key players in the Pen Needles market?

BectonDickinson and Company (US), Novo Nordisk A/S (Denmark), Ypsomed Holding AG (Switzerland), Braun Melsungen AG (Germany), Owen Mumford (UK), Terumo Corporation (Japan), Nipro Corporation (Japan), Allison Medical (US), AdvaCare Pharma (US), Berpu Medical Technology (China), ARKRAY (Japan), GlucoRx (UK), HTL-STREFA (Poland), UltiMed(US), Hindustan Syringes and Medical Devices (India), Artsana Group (Italy), PromiseMed Diabetes Care (Canada), Montmed (Canada), Trividia Health (US), VOGT Medical Vertrieb (Germany), Van Heek Medical (Netherlands), Simple Diagnostics (US), Iyon (Turkey), Links Medical Products (US), MHC Medical Products (US), and Others.

Competitive Landscape:

  • In February 2021, Ulticare safety pen needles are launched in two sizes, 5mm 30G and 8mm 30 G launched by UltiMed Inc. (US).
  • In October 2020, Arkray Inc. (Japan) launched TechLITE Pen Needles which are now indicated for use with pen injector devices for the subcutaneous injection of drugs in the US.
  • In January 2019, Becton, Dickinson and Company (US) launched Second Generation Standard Pen Needles.
  • In August 2018, Arkray Inc. (Japan) launched Assure ID safety pen needles.

Which Is the Most potential Pen Needles market segment?

By Product Type

  • Standard pen needles
  • Safety pen needles

By Length

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

By Therapy

  • Insulin therapy
  • Glucagon-like Peptide-1 (GLP-1) therapy
  • Growth hormone therapy
  • Other therapies

By Mode Of Purchase

  • Retail
  • Non-Retail

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Which Region Dominated The Pen Needles Market?

Europe had approximately 39% of the world’s market revenue in 2021. This was because the malady in question was becoming more prevalent in Europe. The large market share is due to the abundance of patients and the expensive prices of the products. Patients are becoming more aware of advanced medical devices, and reimbursement policies are improving, resulting in an increase in their use in the region. Additionally, the demand is likely to increase as the population in the region becomes less active and heavier. In addition, the British government is investing in diabetes care and research to enhance the treatment of diabetic patients. During the forecast period, the Asia-Pacific region is anticipated to expand rapidly. The prevalence of diabetes, obesity, and other lifestyle-related diseases continues to rise.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Pen Needles Market these regions, from 2020 to 2026 (forecast), covering
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Columbia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

  • Historical Years: 2017-2021
  • Base Year: 2022
  • Estimated Year: 2022
  • Forecast Period: 2023-2030

What Is The Main Objective of the Report?

The Global Pen Needles market report provides a holistic evaluation of the market for the forecast period (2022-2030). The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. The Pen Needles market report growth depends on product application, type, technology, and region. An extended view of regional analysis aims to bring readers closer to market opportunities and risks. It also examines the economic scenarios with the impact of Covid-19 analysis is expected to grow the market on a large and small scale.

Strategic Points Covered in Table of Content of Pen Needles Market:

Chapter 1: Introduction
Chapter 2. Executive Summary
Chapter 3. Industry Outlook
3.1. Pen Needles Global Market segmentation
3.2. Pen Needles Global Market size and growth prospects, 2015 – 2026
3.3. Pen Needles Global Market Value Chain Analysis
3.3.1. Vendor landscape
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Porter’s Analysis
3.6.1. Threat of New Entrants
3.6.2. Bargaining Power of Buyers
3.6.3. Bargaining Power of Buyers
3.6.4. Threat of Substitutes
3.6.5. Internal Rivalry
3.7. PESTEL Analysis
Chapter 4. Pen Needles Global Market Product Outlook
Chapter 5. Pen Needles Global Market Application Outlook
Chapter 6. Pen Needles Global Market Geography Outlook
6.1. Pen Needles Industry Share, by Geography, 2022 & 2030
6.2. North America
6.2.1. Pen Needles Market 2022 -2030 estimates and forecast, by product
6.2.2. Pen Needles Market 2022 -2030, estimates and forecast, by application
6.2.3. The U.S.
6.2.4. Canada
6.3. Europe
6.3.3. Germany
6.3.4. the UK
6.3.5. France
Chapter 7. Competitive Landscape
Chapter 8. Appendix

Customization of the Report: This report can be customized as per your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.

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Pen Needles Market 2020 Analysis by Global Manufacturers – BD, HTL-Strefa, B. Braun, Novo Nordisk, Owen Mumford, Artsana, Kangdelai

The Pen Needles Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global Pen Needles market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.6% in the forecast period of 2020 to 2025 and will expected to reach USD 2075.1 million by 2025, from USD 1733.9 million in 2019.

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Top Leading Companies of Global Pen Needles Market are BD, HTL-Strefa, B. Braun, Novo Nordisk, Owen Mumford, Artsana, Kangdelai, Ypsomed, Terumo, Beipu, Ulticare, Allison Medical, Dongbao and others.

This report focuses on Pen Needles volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Pen Needles market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan etc.

On The Basis Of Product, The Pen Needles Market Is Primarily Split Into

Standard Insulin Pen Needles, Safety Insulin Pen Needles, etc.

On The Basis Of End Users/Application, This Report Covers

Home Use, Medical Institutions, Others, etc.

This allows understanding of the market and benefits from any lucrative opportunities that are available. Researchers have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. There is a detailed analysis of the change in customer requirements, customer preferences, and the vendor landscape of the overall market.

Furthermore, this study will help our clients solve the following issues:

Cyclical dynamics – We foresee dynamics of industries by using core analytical and unconventional market research approaches. Our clients use insights provided by us to maneuver themselves through market uncertainties and interferences.

Identifying key cannibalizes – Strong substitute of a product or service is the most important threat. Our clients can identify key cannibalizes of a market, by procuring our research. This helps them in aligning their new product development/launch strategies in advance.

Spotting emerging trends – The report help clients to spot upcoming hot market trends. We also track possible impact and disruptions which a market would witness by a particular emerging trend. Our proactive analysis help clients to have early mover advantage.

Interrelated opportunities – This report will allow clients to make decisions based on data, thereby increasing the chances that the strategies will perform better if not best in real world.

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Following are major Table of Content of Pen Needles Industry:

  • Pen Needles Market Sales Overview.
  • Pen Needles Market Sales Competition by Manufacturers.
  • Pen Needles Market Sales Analysis by Region.
  • Pen Needles Market Sales Analysis by Type.
  • Pen Needles Market Analysis by Application.
  • Pen Needles Market -Manufacturers Analysis.

We Offer Customization on report based on specific client Requirement:

– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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