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Latin America Pen Needles Market Research Report – Segmented By Therapy, Type, Needle Length, Mode Of Purchase & By Country (Brazil, Argentina, Chile and Rest of Latin America) – Analysis on Size, Share, Trends, Growth, Forecast (2022 to 2027)

Published: January, 2022
ID: 153
Pages: 142

Latin America Pen Needles Market Size (2022 to 2027)

The size of the pen needles market in Latin America is expected to reach USD 0.28 billion by 2027 from USD 0.17 billion in 2022, growing at a CAGR of 11.25% between 2022 to 2027.

Pen needles are used to deliver the medication (such as insulin or other injectable medications) combined with injection pens. A pen needle comprises a hollow needle attached to an injection pen. Pen needles are available with varied needle lengths and are majorly utilized by diabetes patients.

The increasing number of aging population & diabetes patient population, rising number of technological advancements for insulin delivery, and government initiatives towards the diabetes conditions drive the growth of the Latin American pen needles market. However, unawareness of diabetic patients towards advanced insulin delivery devices and reuse of pen needles are restraining the growth of the Latin American pen needles market.

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

By Therapy: Insulin Therapy, GLP-1 Therapy & Growth Hormone Therapy

Based on therapy, insulin therapy is estimated to command the largest share of the Latin American pen needles market in 2019 and is expected to grow at the highest CAGR during the forecast period.

By Type: Standard Needle, Safety Needle

Based on type, the standard pen needle segment is estimated to account for a larger share of the Latin American pen needles market in 2019. In contrast, safety pen needles segments are estimated to grow at a higher CAGR for the next five years.

By Needle Length: 4mm, 6mm, 8mm, 10mm, 12mm

Among the length of pen needles, 8mm is estimated to command the largest share of the Latin American pen needles market in 2019, and 4mm is expected to grow at the highest CAGR during the forecast period.

By Mode of Purchase: Retail, Non-Retail

Based on the purchase mode, retail purchase mode is estimated to account for a larger share of the Latin American pen needles market in 2019 and is expected to grow at a higher CAGR for the next five years.

By Country: Brazil, Argentina, Chile and Rest of Latin America

Some of the notable companies dominating the Latin America Pen Needles are Becton Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), Ypsomed Holding AG (Switzerland), 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), 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 Introduction                                               

                                6.2 Brazil                                             

                                6.3 Rest of Latin America                                             

  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
  1. Latin America Pen Needles Market, By Region, From 2022 - 2027 (USD Billion)
  2. Latin America Pen Needles Market, By Type, From 2022 - 2027 (USD Billion)   
  3. Latin America Standard Needles Market, By Region, From 2022 - 2027 (USD Billion)     
  4. Latin America Safety Needles Market, By Region, From 2022 - 2027 (USD Billion)
  5. Latin America Pen Needles Market, By Therapy, From 2022 - 2027 (USD Billion)
  6. Latin America Insulin Therapy Market, By Region, From 2022 - 2027 (USD Billion)
  7. Latin America GLP-1 Therapy Market, By Region, From 2022 - 2027 (USD Billion)
  8. Latin America Growth Hormone Therapy Market, By Region, From 2022 - 2027 (USD Billion)    
  9. Latin America Pen Needles Market, By Needle Length, From 2022 - 2027 (USD Billion)
  10. Latin America 4mm Pen Needle Length Market, By Region, From 2022 - 2027 (USD Billion)       
  11. Latin America 6mm Pen Needle Length Market, By Region, From 2022 - 2027 (USD Billion)       
  12. Latin America 8mm Pen Needle Length Market, By Region, From 2022 - 2027 (USD Billion)       
  13. Latin America 10mm Pen Needle Length Market, By Region, From 2022 - 2027 (USD Billion)     
  14. Latin America 12mm Pen Needle Length Market, By Region, From 2022 - 2027 (USD Billion)     
  15. Latin America Pen Needles Market, By Mode of Purchase, From 2022 - 2027 (USD Billion)
  16. Latin America Retail Market, By Region, From 2022 - 2027 (USD Billion)
  17. Latin America Non-Retail Market, By Region, From 2022 - 2027 (USD Billion)    
  18. Brazil Pen Needles Market, By Type, From 2022 - 2027 (USD Billion)    
  19. Brazil Pen Needles Market, By Therapy, From 2022 - 2027 (USD Billion)
  20. Brazil Pen Needles Market, By Needle Length, From 2022 - 2027 (USD Billion)
  21. Brazil Pen Needles Market, By Mode of Purchase, From 2022 - 2027 (USD Billion)
  22. Rest of Latin America Pen Needles Market, By Type, From 2022 - 2027 (USD Billion)    
  23. Rest of Latin America Pen Needles Market, By Therapy, From 2022 - 2027 (USD Billion)
  24. Rest of Latin America Pen Needles Market, By Needle Length, From 2022 - 2027 (USD Billion)
  25. Rest of Latin America Pen Needles Market, By Mode of Purchase, From 2022 - 2027 (USD Billion)

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