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Pulished Date February, 2020
ID: 151
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Europe Pen Needles Market Research Report – Segmented By Therapy, Type, Needle Length, Mode Of Purchase & By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic, and Rest of Europe) – Size, Share, Trends and Growth Forecast (2020 to 2025)

Pulished: February, 2020
ID: 151
Pages: 138

Europe Pen Needles Market Size (2020 to 2025)

As per the report, the size of the Europe pen needles market is expected to reach USD 1.07 billion by 2025 from USD 0.67 billion in 2020, growing at a CAGR of 10.00% during the forecast period.

Needle manufacturers have produced needles to reduce pain and diminish skin trauma, primarily by innovating needle length and diameter. The primary challenge for needle manufacturers is to keep a sufficient inner lumen while maintaining sufficient low injection force.

Pen needles are used to administer the medication, such as insulin or other injectable medicines, combined with injection pens. A pen needle contains a hollow needle connected to an injection pen. Pen needles are prepared with various needle lengths and used by diabetes patients.

The growing rate of diabetic patients, the existence of favorable regulatory policies to reduce needlestick injuries, growing focus on the utilization of safety equipment by government, increasing funds for diabetes care & research in the U.K., and favorable reimbursement policies in Germany are accelerating the growth of pen needles market in Europe. Additionally, an increasing number of aging population & availability of high insurance in France, a growing number of diabetes awareness programs in Italy, and the existence of regulations that mandate the utilization of safety pen needles & the presence of a substantial diabetic population in Spain are further driving the growth of the market in Europe.

Reusability of pen needles, complications associated with needle use, and availability of alternative dosage forms may hamper the region's market growth. Lack of knowledge among people on the pen needles utilization and uncertain reimbursement policies across Europe are restraining the development of the pen needles market in Europe.

Impact of COVID-19 on Europe pen needles market

COVID-19 could affect the global markets in three ways, by immediately affecting production and demand, by creating supply chain and market disruption, and by impacting enterprises and markets financially. According to recent research, the 2020 growth of Pen Needles will have significant changes from the previous year. By estimates, the Pen Needles market size will witness a year-over-year reduced revenue growth rate in 2020 from 2019. This scenario is unlikely if the supply chain starts to recover, and people start outdoor moving outdoors. Longer-term, the effect of COVID-19 will be felt throughout the year, with some degree of harm done by the virus.

This research report on the European Pen Needles Market has been segmented and sub-segmented into the following categories:

  • By Therapy: Insulin Therapy, GLP-1 Therapy & Growth Hormone Therapy
  • By Type: Standard Needle & Safety Needle
  • By Needle Length: 4mm, 6mm, 8mm, 10mm, 12mm
  • By Mode of Purchase: Retail & Non-Retail
  • By Country: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic, and Rest of Europe

Based on geographical areas, Germany is estimated to account for the largest share of the Europe pen needles market in 2018. In contrast, France is estimated to grow at the highest CAGR during the forecast period. Europe is expected to see an overall boost in the pen needles market due to the rising prevalence of its target disease. Moreover, the U.K. government is also taking initiatives to invest in diabetes care and research to improve diabetic patients' treatment techniques. Europe is projected to dominate the global market due to a rise in the prevalence of diabetes among all ages, technological advancements, and an increase in research and development activities on diabetes care. This dominance may also be due to a rise in overweight & obesity, unhealthy diet, and physical inactivity.

The most promising companies operating in the Europe Pen Needles market profiled in this report are Becton Dickinson and Company, Novo Nordisk A/S, Ypsomed Holding AG, UltiMed, Inc., Allison Medical, Inc., Owen Mumford, Ltd., B. Braun Melsungen, Artsana S.p.a., HTL-STREFA S.A. and Terumo Corporation.

Recent Market Developments:

  • In February 2019, Bigfoot Biomedical, Inc. and Owen Mumford Ltd. announced supply to assist the pen needles into Bigfoot's subscription supply bundles. This contract will confirm that the customers continuously have admittance to a contented and high-quality pen needle for every insulin dose. It would also help evolve a digital drug delivery platform projected for sustenance insulin delivery through all people with insulin-requiring diabetes.
  • In 2018, Becton, Dickinson, and Company (U.S.) launched its BD Ultra-Fine micro pen needle 6mm x 32G.
  1. Introduction

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                          

                1.4 General Study Assumptions                                                

  1. Research Methodology

                2.1 Introduction                                                               

                2.2 Research Phases                                                      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design                                                         

                2.4 Study Timeline                                                          

  1. Overview

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 New Developments                                                               

  1. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                                              

  1. Market Segmentation

                5.1          Therapy                                              

                                5.1.1 Introduction                                           

                                5.1.2 Insulin Therapy                                     

                                5.1.3 GLP-1 Therapy        Growth Hormone Therapy                         

                                5.1.4 Growth Hormone Therapy                                               

                5.2          Type                                     

                                5.2.1 Introduction                                           

                                5.2.2 Standard Needle                                  

                                5.2.3 Safety Needle                                       

                5.3          Needle Length                                 

                                5.3.1 Introduction                                           

                                5.3.2 4mm                                          

                                5.3.3 6mm                                          

                                5.3.4 8mm                                          

                                5.3.5 10mm                                        

                                5.3.6 12mm                                        

                5.4          Mode of Purchase                                          

                                5.4.1 Introduction                                           

                                5.4.2 Retail                                         

                                5.4.3 Non-Retail                                               

  1. Geographical Analysis

                                6.1 Introduction                                               

                                6.2 U.K                                 

                                6.3 Spain                                             

                                6.4 Germany                                     

                                6.5 Italy                                               

                                6.6 France                                          

  1. Strategic Analysis

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

  1. Market Leaders' Analysis

                8.1          Becton, Dickinson and Company (U.S.)                                 

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Strategic Evaluation and Operations                                            

                                8.1.4 Financial analysis                                  

                                8.1.5 Legal issues                                             

                                8.1.6 Recent Developments                                       

                                8.1.7 SWOT analysis                                       

                                8.1.8 Analyst View                                          

                8.2          Novo Nordisk A/S (Denmark)                                    

                8.3          Ypsomed Holding AG (Switzerland)                                        

                8.4          UltiMed, Inc. (U.S.)                                        

                8.5          Allison Medical, Inc. (U.S.)                                          

                8.6          Owen Mumford, Ltd. (U.K.)                                       

                8.7          B. Braun Melsungen (Germany)                                               

                8.8          Artsana S.p.a. (Italy)                                      

                8.9          HTL-STREFA S.A. (Poland)                                            

                8.10        Terumo Corporation (Japan)                                      

  1. Competitive Landscape

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

  1. Expert Opinions

                10.1 Market Outlook                                                     

                10.2 Investment Opportunities                                                 

     Appendix                                                                           

  1. List of Tables
  2. List of Figures
  • Regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

  1. Europe Pen Needles Market, By Region, From 2020 to 2025 (USD Billion) 
  2. Europe Pen Needles Market, By Type, From 2020 to 2025 (USD Billion)
  3. Europe Standard Needles Market, By Region, From 2020 to 2025 (USD Billion)  
  4. Europe Safety Needles Market, By Region, From 2020 to 2025 (USD Billion)       
  5. Europe Pen Needles Market, By Therapy, From 2020 to 2025 (USD Billion)         
  6. Europe Insulin Therapy Market, By Region, From 2020 to 2025 (USD Billion)       
  7. Europe GLP-1 Therapy Market, By Region, From 2020 to 2025 (USD Billion)        
  8. Europe Growth Hormone Therapy Market, By Region, From 2020 to 2025 (USD Billion)
  9. Europe Pen Needles Market, By Needle Length, From 2020 to 2025 (USD Billion) 
  10. Europe 4mm Pen Needle Length Market, By Region, From 2020 to 2025 (USD Billion)    
  11. Europe 6mm Pen Needle Length Market, By Region, From 2020 to 2025 (USD Billion)    
  12. Europe 8mm Pen Needle Length Market, By Region, From 2020 to 2025 (USD Billion)    
  13. Europe 10mm Pen Needle Length Market, By Region, From 2020 to 2025 (USD Billion) 
  14. Europe 12mm Pen Needle Length Market, By Region, From 2020 to 2025 (USD Billion) 
  15. Europe Pen Needles Market, By Mode of Purchase, From 2020 to 2025 (USD Billion)     
  16. Europe Retail Market, By Region, From 2020 to 2025 (USD Billion)
  17. Europe Non-Retail Market, By Region, From 2020 to 2025 (USD Billion)
  18. U.K. Pen Needles Market, By Type, From 2020 to 2025 (USD Billion)      
  19. U.K. Pen Needles Market, By Therapy, From 2020 to 2025 (USD Billion)
  20. U.K. Pen Needles Market, By Needle Length, From 2020 to 2025 (USD Billion)  
  21. U.K. Pen Needles Market, By Mode of Purchase, From 2020 to 2025 (USD Billion)
  22. Germany Pen Needles Market, By Type, From 2020 to 2025 (USD Billion) 
  23. Germany Pen Needles Market, By Therapy, From 2020 to 2025 (USD Billion)     
  24. Germany Pen Needles Market, By Needle Length, From 2020 to 2025 (USD Billion)        
  25. Germany Pen Needles Market, By Mode of Purchase, From 2020 to 2025 (USD Billion)
  26. France Pen Needles Market, By Type, From 2020 to 2025 (USD Billion) 
  27. France Pen Needles Market, By Therapy, From 2020 to 2025 (USD Billion)
  28. France Pen Needles Market, By Needle Length, From 2020 to 2025 (USD Billion)  
  29. France Pen Needles Market, By Mode of Purchase, From 2020 to 2025 (USD Billion)      
  30. Italy Pen Needles Market, By Type, From 2020 to 2025 (USD Billion)      
  31. Italy Pen Needles Market, By Therapy, From 2020 to 2025 (USD Billion)
  32. Italy Pen Needles Market, By Needle Length, From 2020 to 2025 (USD Billion)  
  33. Italy Pen Needles Market, By Mode of Purchase, From 2020 to 2025 (USD Billion)
  34. Spain Pen Needles Market, By Type, From 2020 to 2025 (USD Billion)    
  35. Spain Pen Needles Market, By Therapy, From 2020 to 2025 (USD Billion)  
  36. Spain Pen Needles Market, By Needle Length, From 2020 to 2025 (USD Billion)
  37. Spain Pen Needles Market, By Mode of Purchase, From 2020 to 2025 (USD Billion)        

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