Pen Needles Market By-Segmented By Product Type, Application, And Region - Global Growth, Trends, And Forecast -2023

Pen Needles Market By-Segmented By Product Type, Application, And Region - Global Growth, Trends, And Forecast -2023

ID: 176 | Pages: 175 | October 2018 | Region: Global


Pen Needles Market is expected to reach USD 3.38 billion by 2023 from USD 2.05 billion in 2018, growing at a CAGR of 11.18% for the next five years 2018-2023. Pen needles are used to deliver the medication (such as insulin or other injectable medications) in combination with injection pens. A pen needle comprises of hollow needle attached to injection pen. Pen needles are available with varied needle lengths and are majorly utilized by diabetes patients.

Rising number of diabetic population, increasing technological advancements, growing awareness programs (such as conferences & meetings) on the utilization of pen needles, existence of favorable reimbursement scenarios, and advantages of pen needles as compared to syringes & vials are some of the factors that drive the growth of global pen needles market. However, reuse of pen needles, presence of alternative drug delivery methods, and poor accessibility of pen needles over conventional syringes & vials are restraining the growth of global pen needles market.

Global pen needles market is segmented based on the therapy, type, needle length, and mode of purchase. On the based on therapy the market is further sub-segmented as insulin therapy, glucose like peptide-1 (GLP-1) therapy, and growth hormone therapy. The market, by type, is sub-segmented as safety needles and standard needles. The needle lengths include 4mm, 6mm, 8mm, 10mm, & 12mm. Based on mode of purchase the market is further sub-segmented as retail & non-retail purchase modes.

Based on therapy, insulin therapy is estimated to command the largest share of the global pen needles market in 2016 and expected to grow at the highest CAGR during the forecast period 2016-2021. Based on type, standard pen needle segment is estimated to account for larger share of global pen needles market in 2016, whereas safety pen needles segments is estimated to grow at a higher CAGR for the next five years (2016-2021).

Among the length of pen needles, 8mm is estimated to command for the largest share of the global pen needles market in 2016 and 4mm is expected to grow at the highest CAGR during the forecast period. Based on the mode of purchase retail purchase mode is estimated to account for larger share of the global pen needles market in 2016 and expected to grow at a higher CAGR for the next five years (2016-2021).

On the basis of geographical region the global pen needles market is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe is estimated to account for the largest share of 32.5% of the global pen needles market in 2016, whereas Asia-Pacific is estimated to grow at the highest CAGR of 14.10% during the forecast period 2016-2021.

Becton, Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), and Ypsomed Holding AG (Switzerland) are the major players accounting for ~85-90% of the global pen needles market share in 2016. Other players include UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), Owen Mumford, Ltd. (U.K.), B. Braun Melsungen (Germany), Artsana S.p.a. (Italy), HTL-STREFA S.A. (Poland), and Terumo Corporation (Japan), among others.

  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 North America                                                                          

                                6.1.1 Introduction                                                           

                                6.1.2 United States                                                         

                                6.1.3 Canada                                                     

                6.2 Europe                                                                         

                                6.2.1 Introduction                                                           

                                6.2.2 U.K                                                             

                                6.2.3 Spain                                                         

                                6.2.4 Germany                                                 

                                6.2.5 Italy                                                            

                                6.2.6 France                                                       

                6.3 Asia-Pacific                                                                 

                                6.3.1 Introduction                                                           

                                6.3.2 China                                                         

                                6.3.3 India                                                          

                                6.3.4 Japan                                                         

                6.4 Latin America                                                                             

                                6.4.1 Introduction                                                           

                                6.4.2 Brazil                                                          

                                6.4.4 Rest of Latin America                                                          

                6.5 Middle East & Africa                                                                               

                                6.5.1 Introduction                                                           

                                6.5.2 Middle-East                                                            

                                6.5.3 South Africa                                                            

                                6.5.4 Rest of Middle East & Africa                                                            

  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
  • Global, 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
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  1. Global Pen Needles Market By Region, From 2018-2023 ( USD Billion )
  2. Global Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  3. Global Standard Needles Market By Region, From 2018-2023 ( USD Billion )
  4. Global Safety Needles Market By Region, From 2018-2023 ( USD Billion )
  5. Global Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  6. Global Insulin Therapy Market By Region, From 2018-2023 ( USD Billion )
  7. Global GLP-1 Therapy Market By Region, From 2018-2023 ( USD Billion )
  8. Global Growth Hormone Therapy Market By Region, From 2018-2023 ( USD Billion )
  9. Global Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  10. Global 4mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  11. Global 6mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  12. Global 8mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  13. Global 10mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  14. Global 12mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  15. Global Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  16. Global Retail Market By Region, From 2018-2023 ( USD Billion )
  17. Global Non-Retail Market By Region, From 2018-2023 ( USD Billion )
  18. North America Pen Needles Market By Region, From 2018-2023 ( USD Billion )
  19. North America Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  20. North America Standard Needles Market By Region, From 2018-2023 ( USD Billion )
  21. North America Safety Needles Market By Region, From 2018-2023 ( USD Billion )
  22. North America Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  23. North America Insulin Therapy Market By Region, From 2018-2023 ( USD Billion )
  24. North America GLP-1 Therapy Market By Region, From 2018-2023 ( USD Billion )
  25. North America Growth Hormone Therapy Market By Region, From 2018-2023 ( USD Billion )
  26. North America Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  27. North America 4mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  28. North America 6mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  29. North America 8mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  30. North America 10mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  31. North America 12mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  32. North America Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  33. North America Retail Market By Region, From 2018-2023 ( USD Billion )
  34. North America Non-Retail Market By Region, From 2018-2023 ( USD Billion )
  35. United States Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  36. United States Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  37. United States Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  38. United States Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  39. Canada Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  40. Canada Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  41. Canada Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  42. Canada Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  43. Europe Pen Needles Market By Region, From 2018-2023 ( USD Billion )
  44. Europe Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  45. Europe Standard Needles Market By Region, From 2018-2023 ( USD Billion )
  46. Europe Safety Needles Market By Region, From 2018-2023 ( USD Billion )
  47. Europe Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  48. Europe Insulin Therapy Market By Region, From 2018-2023 ( USD Billion )
  49. Europe GLP-1 Therapy Market By Region, From 2018-2023 ( USD Billion )
  50. Europe Growth Hormone Therapy Market By Region, From 2018-2023 ( USD Billion )
  51. Europe Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  52. Europe 4mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  53. Europe 6mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  54. Europe 8mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  55. Europe 10mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  56. Europe 12mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  57. Europe Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  58. Europe Retail Market By Region, From 2018-2023 ( USD Billion )
  59. Europe Non-Retail Market By Region, From 2018-2023 ( USD Billion )
  60. U.K. Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  61. U.K. Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  62. U.K. Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  63. U.K. Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  64. Germany Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  65. Germany Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  66. Germany Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  67. Germany Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  68. France Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  69. France Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  70. France Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  71. France Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  72. Italy Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  73. Italy Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  74. Italy Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  75. Italy Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  76. Spain Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  77. Spain Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  78. Spain Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  79. Spain Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  80. Asia-Pacific Pen Needles Market By Region, From 2018-2023 ( USD Billion )
  81. Asia-Pacific Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  82. Asia-Pacific Standard Needles Market By Region, From 2018-2023 ( USD Billion )
  83. Asia-Pacific Safety Needles Market By Region, From 2018-2023 ( USD Billion )
  84. Asia-Pacific Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  85. Asia-Pacific Insulin Therapy Market By Region, From 2018-2023 ( USD Billion )
  86. Asia-Pacific GLP-1 Therapy Market By Region, From 2018-2023 ( USD Billion )
  87. Asia-Pacific Growth Hormone Therapy Market By Region, From 2018-2023 ( USD Billion )
  88. Asia-Pacific Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  89. Asia-Pacific 4mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  90. Asia-Pacific 6mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  91. Asia-Pacific 8mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  92. Asia-Pacific 10mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  93. Asia-Pacific 12mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  94. Asia-Pacific Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  95. Asia-Pacific Retail Market By Region, From 2018-2023 ( USD Billion )
  96. Asia-Pacific Non-Retail Market By Region, From 2018-2023 ( USD Billion )
  97. China Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  98. China Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  99. China Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  100. China Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  101. India Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  102. India Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  103. India Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  104. India Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  105. Japan Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  106. Japan Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  107. Japan Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  108. Japan Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  109. Latin America Pen Needles Market By Region, From 2018-2023 ( USD Billion )
  110. Latin America Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  111. Latin America Standard Needles Market By Region, From 2018-2023 ( USD Billion )
  112. Latin America Safety Needles Market By Region, From 2018-2023 ( USD Billion )
  113. Latin America Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  114. Latin America Insulin Therapy Market By Region, From 2018-2023 ( USD Billion )
  115. Latin America GLP-1 Therapy Market By Region, From 2018-2023 ( USD Billion )
  116. Latin America Growth Hormone Therapy Market By Region, From 2018-2023 ( USD Billion )
  117. Latin America Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  118. Latin America 4mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  119. Latin America 6mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  120. Latin America 8mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  121. Latin America 10mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  122. Latin America 12mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  123. Latin America Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  124. Latin America Retail Market By Region, From 2018-2023 ( USD Billion )
  125. Latin America Non-Retail Market By Region, From 2018-2023 ( USD Billion )
  126. Brazil Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  127. Brazil Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  128. Brazil Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  129. Brazil Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  130. Rest of Latin America Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  131. Rest of Latin America Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  132. Rest of Latin America Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  133. Rest of Latin America Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  134. Middle East & Africa Pen Needles Market By Region, From 2018-2023 ( USD Billion )
  135. Middle East & Africa Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  136. Middle East & Africa Standard Needles Market By Region, From 2018-2023 ( USD Billion )
  137. Middle East & Africa Safety Needles Market By Region, From 2018-2023 ( USD Billion )
  138. Middle East & Africa Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  139. Middle East & Africa Insulin Therapy Market By Region, From 2018-2023 ( USD Billion )
  140. Middle East & Africa GLP-1 Therapy Market By Region, From 2018-2023 ( USD Billion )
  141. Middle East & Africa Growth Hormone Therapy Market By Region, From 2018-2023 ( USD Billion )
  142. Middle East & Africa Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  143. Middle East & Africa 4mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  144. Middle East & Africa 6mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  145. Middle East & Africa 8mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  146. Middle East & Africa 10mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  147. Middle East & Africa 12mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )
  148. Middle East & Africa Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  149. Middle East & Africa Retail Market By Region, From 2018-2023 ( USD Billion )
  150. Middle East & Africa Non-Retail Market By Region, From 2018-2023 ( USD Billion )
  151. Middle East Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  152. Middle East Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  153. Middle East Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  154. Middle East Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  155. South Africa Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  156. South Africa Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  157. South Africa Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  158. South Africa Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
  159. Rest of Middle East & Africa Pen Needles Market By Type, From 2018-2023 ( USD Billion )
  160. Rest of Middle East & Africa Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )
  161. Rest of Middle East & Africa Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )
  162. Rest of Middle East & Africa Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )
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