Latin America Pen Needles Market By Therapy (Growth Hormone, Insulin, & GLP-1), Type (Safety Pen Needles, Standard Pen Needles,), Needle Length (4mm, 6mm, 8mm, 10mm, & 12mm), And Mode Of Purchase (Retail & Non-Retail) – Market Analysis, Size, Geographic Countries Analysis, Competitive Strategies Analysis And Forecasts 2018-2023

Latin America Pen Needles Market By Therapy (Growth Hormone, Insulin, & GLP-1), Type (Safety Pen Needles, Standard Pen Needles,), Needle Length (4mm, 6mm, 8mm, 10mm, & 12mm), And Mode Of Purchase (Retail & Non-Retail) – Market Analysis, Size, Geographic Countries Analysis, Competitive Strategies Analysis And Forecasts 2018-2023

ID: 181 | Pages: 142 | April 2018 | Region: Latin America


Latin America pen needles market is expected to reach USD 0.25 billion by 2023 from USD 0.15 billion in 2018, growing at a CAGR of 11.25% 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.

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

Latin America 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 Latin America 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 Latin America 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 Latin America 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 Latin America 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 areas, Latin America pen needles market is segmented as Brazil and rest of Latin America.

Becton, Dickinson and Company (U.S.), Novo Nordisk A/S (Denmark), and Ypsomed Holding AG (Switzerland) are the major players accounting for major share of the Latin America pen needles market 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 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
  • 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. Latin America Pen Needles Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                     
  2. Latin America Pen Needles Market By Type, From 2018-2023 ( USD Billion )                                                                                                                                         
  3. Latin America Standard Needles Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                           
  4. Latin America Safety Needles Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                
  5. Latin America Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )                                                                                                                                   
  6. Latin America Insulin Therapy Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                
  7. Latin America GLP-1 Therapy Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                  
  8. Latin America Growth Hormone Therapy Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                          
  9. Latin America Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )                                                                                                                                     
  10. Latin America 4mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                             
  11. Latin America 6mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                             
  12. Latin America 8mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                             
  13. Latin America 10mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                           
  14. Latin America 12mm Pen Needle Length Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                           
  15. Latin America Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )                                                                                                                                              
  16. Latin America Retail Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                    
  17. Latin America Non-Retail Market By Region, From 2018-2023 ( USD Billion )                                                                                                                                          
  18. Brazil Pen Needles Market By Type, From 2018-2023 ( USD Billion )                                                                                                                                          
  19. Brazil Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )                                                                                                                                   
  20. Brazil Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )                                                                                                                                      
  21. Brazil Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )                                                                                                                                               
  22. Rest of Latin America Pen Needles Market By Type, From 2018-2023 ( USD Billion )                                                                                                                                          
  23. Rest of Latin America Pen Needles Market By Therapy, From 2018-2023 ( USD Billion )                                                                                                                                   
  24. Rest of Latin America Pen Needles Market By Needle Length, From 2018-2023 ( USD Billion )                                                                                                                                      
  25. Rest of Latin America Pen Needles Market By Mode of Purchase, From 2018-2023 ( USD Billion )                                                                                                                                               
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