Pen Needles Market Overview

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Anticipated Growth Rate for Pen Needles Market

Pen Needles Market size was valued at USD 1.67 Bn. in 2022 and the total Pen Needles revenue is expected to grow by 11.5 % from 2023 to 2029, reaching nearly USD 3.58 Bn.

Pen Needles Market Scope and Methodology:

The Pen Needles market study offers thorough data on important factors, such as those anticipated to propel the industry's expansion and impending difficulties. Stakeholders will possess a comprehensive understanding of the industry's competitive landscape, the goods marketed by prominent companies, and the investment opportunities in the Pen Needles market. The sector's qualitative and quantitative aspects are both covered in the study. The MMR report's scope includes a thorough analysis of the competition for the Pen Needles Market.

Many new requirements are provided in the study, each with a detailed reason. In order to produce the Pen Needles Market, a variety of primary and secondary sources of information were consulted, including as government records, websites, yearly reports, and expert and professional opinions.

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Pen Needles Market Regional Insights

The market size, growth rate, import and export by region, and other relevant statistics are all thoroughly analyzed in this study. Understanding the Pen Needles market conditions in different countries is made feasible by the research's geographic analysis. The markets in Latin America, Africa, Asia Pacific, North America, and the Middle East make up the Pen Needles market.

Pen Needles Market Segmentation

by Product

Standard Pen Needles
Safety Pen Needles

Based on Product, In 2022, the standard pen needles market category dominated the market and was responsible for more than 88.5% of total sales. The frequent use of these drugs in higher dosages by diabetic patients was blamed for the rise. Common users of these needles include those who have handiness issues. However, owing to the significant danger of needlestick injuries, these needles are not recommended because they make pen needles less safe to use. Their demand is therefore expected to be limited in the short term. In homes, standard pen needles are more frequently used. Incorrect doses and associated difficulties are caused by a lack of basic instruction on how to use these devices properly.

by Needle Length

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

Based on Needle length, The 8mm-sized segment dominated the global pen needles market in 2022 and was responsible for the highest proportion of more than 25.00% of the total revenue among the different needle lengths. The majority of patients, including those with the target disease who are overweight, are given these kinds of needles. 8mm needles are preferred in domestic settings owing to their advantages such as safety, user convenience, and ease of disposal. The category growth is expected to be supported by several other factors, including accessibility and affordability. Thanks to their bigger size, the needles are less likely to cause a needlestick injury and are simple and safe to dispose of.

by Therapy

Insulin
Glucagon-like-Peptide-1 (GLP-1)
Growth Hormone

Based on Therapy, The global market has been divided into insulin, GLP-1, and growth hormone segments based on therapy. In 2022, the insulin therapy market category held the largest market share, contributing more than 90.00% of the total revenue. The market is expected to grow profitably during the forecast period. This is brought on by people with Type 1 and Type 2 diabetes becoming more and more aware of the benefits of self-administration of insulin. Additionally expected to develop moderately soon is GLP-1 therapy. This is a result of its potential to lower blood glucose levels in people with type 2 diabetes. The use of GLP-1 treatment is viewed as a superior substitute for insulin. Some of these medications are typically used once a week.

Table of Content: Pen Needles Market

Part 01: Executive Summary

Part 02: Scope of the Pen Needles Market Report

Part 03: Global Pen Needles Market Landscape

Part 04: Global Pen Needles Market Sizing

Part 05: Global Pen Needles Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Pen Needles Market Key Players

1. B. Braun (Germany)
2. KD Medical GmbH Hospital Products (Germany)
3. GlucoRx Ltd (UK)
4. Owen Mumford (UK)
5. HTL-STREFA S.A. (Poland)
6. VOGT MEDICAL (Ukraine)
7. Van Heek Medical (Netherlands)
8. Ypsomed Holding AG (Switzerland)
9. Novo Nordisk A/S (Denmark)
10. Rays SpA (Italy)
11. Terumo Corporation (Japan)
12. Nipro Corporation (Japan)
13. ARKRAY, Inc. (Japan)
14. Berpu Medical Technology Co., Ltd. (China)
15. Hindustan Syringes Medical Devices Ltd (India)
16. Cipla Limited (India)
17. Becton, Dickinson and Company (US)
18. Allison Medical Inc (US)
19. AdvaCare Pharma (US)
20. UltiMed (US)
21. Promisemed Medical Device Inc. (US)
22. Simple Diagnostics (US)
23. Links Medical Products (US)
24. MHC Medical Products, LLC (US)
25. Trividia Health (US)

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Key questions answered in the Pen Needles Market are:

• What is Pen Needles ?
• What is the growth rate of the Pen Needles Market?
• Which are the factors expected to drive the Pen Needles market growth?
• What is the CAGR at which the Pen Needles market will grow during the forecast period?
• What are the different segments of the Pen Needles Market?
• Which is the fastest growing region in the Pen Needles market?
• What growth strategies are the players considering to increase their presence in Pen Needles ?
• What are the upcoming opportunities and trends for the Pen Needles Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Pen Needles Market?
• Who are the leading companies and what are their portfolios in Pen Needles Market?
• What segments are covered in the Pen Needles Market?
• Who are the key players in the Pen Needles market?

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Key Offerings:

• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
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• PESTLE Analysis
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