USD 2.7 billion
Pen Needles Market Size, Share, Growth Analysis, By Type(Standard Pen Needles, and Safety Pen Needles), By Length(4mm, 5mm, 6mm, 8mm), By Application(Insulin Therapy, GLP-1 Therapy, Growth Hormone Therapy, Osteoporosis), By Mode Of Purchase(Prescription-based, Over the Counter, Online Purchase, and Other Modes of Purchase), By Setting(Homecare, Hospitals & Clinics, and other settings), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2722 |
Region:
Global |
Published Date: October, 2024
Pages:
165
|Tables:
88
|Figures:
76
Pen Needles Market Insights
Pen Needles Market size was valued at USD 1.4 Billion in 2023 and is poised to grow from USD 1.52 Billion in 2024 to USD 2.94 Billion by 2032, growing at a CAGR of 8.9% during the forecast period (2025-2032).
The market expanded at a slower rate due to the fact that most people opted to shun hospitals and clinics to be screened and treated for conditions such as osteoporosis and growth hormone deficiencies during the COVID-19 health crisis. However, there was increased acceptance of healthcare facilities in the year 2021 and 2022, post COVID-19 pandemic period, due to better precaution taken and wide availability of pen needle application. There has been a continuous increase in the demand of complex drug delivery systems for drugs such as insulin, GLP-1, parathyroid hormone and others. This has led to increased focus of the market players on R&D to develop new systems.
These pen needles are becoming high in demand as pen injection drug delivery becomes more popular. Market participants have also placed a strong emphasis on making these needles widely available worldwide. In infants and older demographics, the prevalence of conditions like diabetes, osteoporosis, and growth hormone deficiencies has been steadily increasing. Pen injections and other efficient medicine delivery methods are becoming widely accepted as the prevalence of these illnesses rises. Pen needles have various advantages, making them an increasingly common option among patients and healthcare practitioners. Additionally, market participants have shifted their focus to diversifying their product lines and implementing technological innovations in pen needles.
US Pen Needles Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024–2031
Global Market Size
Largest Segment
Standard Pen Needles
Fastest Growth
Standard Pen Needles
Growth Rate
12.1% CAGR
Global Pen Needles Market ($ Bn)
Country Share by North America (%)
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Pen Needles Market Segmental Analysis
Global Pen Needles Market is segmented by Type, Length, Application, Mode of purchase, Setting and region. Based on Type, the market is segmented into Standard Pen Needles, and Safety Pen Needles. Based on Length, the market is segmented into 4mm, 5mm, 6mm, 8mm, 10mm, and 12mm. Based on Application, the market is segmented into Insulin Therapy, GLP-1 Therapy, Growth Hormone Therapy, Osteoporosis, and Other Applications. Based on Mode of purchase, the market is segmented into Prescription-based, Over the Counter, Online Purchase, and Other Modes of Purchase. Based on Setting, the market is segmented into Homecare, Hospitals & Clinics, and other settings. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
As per categorization by type, the market is classified as standard pen needles and safety pen needles. Among these, standard pen needles earned the largest share and continue to hold the dominant global pen needles market share. There is a high level of innovation in standard pen needles in the market as patients look for safe and simple tools to help them manage diabetes. There are also new designs that aim to improve comfort for the patient, as well as increase the sharpness of the needle and the pain reduction factors that results in a larger patient pool. Standard pen needles are growing in the market since they are compatible with most of the pen injectors available in the market, are affordable and already familiar to their users. This makes them more ideal than dedicated ones, especially to those who want easy and effective ways of managing diabetes.
Safety pen needles are expected to be the fastest-growing segment in the global pen needles market due to increasing awareness around needlestick injuries and infection risks. These pen needles are vital for the safe administration of insulin in institutions like hospitals and clinics. As some features, such as self-retracting of the needles and a cover on the tip, which reduces the user's complicating exposure to infected sharp objects. Also, the rule makers are promoting the use of safety needles by instituting very stringent measures regarding safety in healthcare settings. Thus, besides the increasing incidence of diabetes which is also prompting a shift towards safe and easy to use medical devices, safety pen needles are considered as one of the thriving segments in this market.
Analysis by Needle Length
Medium-length pen needles are advancing in the global pen needles market through innovations aimed at improving patient comfort, injection accuracy, and minimizing pain. These pen needles generally range between 6 mm and 8 mm in length, providing a compromise between adequate depth of insertion and the effectiveness of the needles. This allows it to be used on a broad spectrum of patients, including those who are of different sizes. Their popularity can be explained by their versatility, as the needles fit most insulin pens and efficiently deposit insulin in the subcutaneous layer without requiring retraining or readjustment of the device for the majority of users. This means that such intermediate needles will be favored over either shorter or longer needles, as they guarantee effective insulin delivery while still catering to many healthcare needs.
Short-length pen needles are poised for fastest growing in the global pen needles market as they align with trends in patient comfort, ease of use, and reduced injection anxiety. Measuring between four and five millimeters, these pen needles guarantee accuracy in the administration of insulin while minimizing the chances of its intramuscular injection. This specification makes them suitable for people of all ages and even body types, children and persons of lesser body mass included. The trends toward providing most diabetic patients with self-care and the suggestions by the health care practitioners concerning the use of shorter needles to enhance compliance, are contributory to their popularity. Furthermore, technological advancement of ultra-thin and pain-free needles greatly improves the overall experience of the patient, thus increasing the need for short-length pen needles.
Global Pen Needles Market By Type (%)
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Pen Needles Market Regional Insights
North America dominates the global pen needles market due to a high prevalence of diabetes, robust healthcare infrastructure, and greater adoption of advanced medical devices. This region experiences a growing demand for pen needles owing to the large healthcare expenditure and insurance coverage available, as well as government efforts to enhance the management of diabetes. In addition to this, increased awareness and education on diabetes self-care encourages the use of pen injectors, which further propels the market. North America-based major market players also encourage innovation by coming up with better and advanced pen needle models which improve comfort and compliance among patients. This entire well-established support system makes North America the dominant market for pen needles.
Europe is the fastest-growing region in the global pen needles market, driven by rising diabetes incidence, expanding healthcare spending, and supportive government policies aimed at improving diabetes care. Rising understanding regarding diabetes management as well as the improvements in the availability of sophisticated pen needles augments the adoption rates in the region. In addition, the growing aging population in Europe, which is more susceptible to diabetes, is also driving the demand for convenient and safe injection methods. Developments within the local manufacturers and adherence to the strict European health and safety standard also help in the expansion. About patient comfort and ease of use, Europe is quickly developing to be the fastest growing region in the market.
Global Pen Needles Market By Geography
- Largest
- Fastest
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Pen Needles Market Dynamics
Pen Needles Market Drivers
Increasing Prevalence of Diabetes Worldwide
- The global pen needles market is emerging due to growing diabetes population as more people are in need of efficient, convenient methods of insulin delivery. Due to the growing number of such chronic conditions the prevalence of pen needles is on the rise where most healthcare providers and even patients are now choosing safe easy to use injectables for the management of diabetes.
Advancements in Needle Technology
- The development of pen needles has included the introduction of ultra-thin and shorter designs which contribute to enhanced patient comfort by diminishing pain and anxiety related to injections. These improvements in turn lead to better patient compliance with insulin therapy, therefore, the global market for pen needles is on the rise as manufacturers are concerned about the safety, accuracy and ease of use of the design to the patients.
Pen Needles Market Restraints
Alternative Insulin Delivery Methods
- Insulin pumps, inhalers, and other types of insulin delivery systems limit the expansion of the global pen needles market. Since these techniques are gaining prevalence for their comfort in use and reduced injection rates, a segment of patients and some providers are moving away from conventional pen needles, which restricts the market demand and growth opportunities.
Environmental Concerns and Disposal Issues
- The environmental and safety aspect of the disposal of used pen needles is particularly important in those regions where waste management regulations are stringent. Disposal of such apparatus in the wrong manner poses excessive risk of needlestick injuries and pollution and encourages both healthcare providers and patients to look for alternative insulin delivery systems, thus restricting the growth of this market.
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Pen Needles Market Competitive Landscape
The global pen needles market scenario is full of opportunities as there is intense competition along the rival companies – with the incidence of innovation, safety features adoption, and enhancement of the product lines to meet the demand saturation. The leading market participants are Becton Dickinson and Company, Novo Nordisk, Medtronic, Terumo Corporation among others. These firms are spending money on research and development of new needle systems, ensuring the safety of the users and ease of use of the needles. These companies are also actively enhancing in organic growth through strategic partnerships and acquisitions as well as regional growth, thereby expending the global pen needles market outlook and improving diabetes management around the globe.
Pen Needles Market Top Player’s Company Profiles
- Becton, Dickinson, and Company (BD)
- Novo Nordisk A/S
- Ypsomed AG
- Owen Mumford Ltd
- Terumo Corporation
- HTL-STREFA S.A.
- Allison Medical, Inc.
- UltiMed, Inc.
- Artsana S.p.A.
- Trividia Health, Inc.
- MedExel Co., Ltd.
- Haselmeier GmbH
- Delfu Medical Device Co., Ltd.
- Shanghai Neo-Medical Co., Ltd.
- Henso Medical (Hangzhou) Co., Ltd.
Pen Needles Market Recent Developments
- In April 2024, Becton Dickinson launched an innovative pen needle designed with enhanced safety features, including a retractable needle system. This development aims to reduce the risk of needlestick injuries and improve patient safety during insulin injections. Becton Dickinson’s new product is expected to drive the global pen needles market trends in the diabetes care segment.
- In February 2024, Novo Nordisk introduced a new line of ultra-thin pen needles, designed to minimize injection pain and improve patient adherence to diabetes treatment. The new needles are optimized for both comfort and efficiency, supporting the company’s strategy to offer advanced, user-friendly solutions for insulin-dependent patients globally.
- In March 2024, Medtronic unveiled an advanced pen needle with integrated smart technology aimed at improving insulin dosing accuracy. The smart pen needle tracks and records injection data, providing patients and healthcare providers with valuable insights into treatment progress. This innovation aligns with Medtronic’s commitment to enhancing diabetes management through connected devices.
Pen Needles Key Market Trends
- Growing Demand for Safety Pen Needles: There is a growing patient safety concern which is leading to a rise in the use of safety pen needles with mechanisms designed to minimize needlestick injuries. These factors coupled with increased awareness and regulations are fuelling the uptake of these needles which makes them a significant development in the global pen needles market.
- Rising Adoption of Pen Needles for Home Use: The rising inclination towards managing diabetes at home is positively impacting the growth of the global pen needles market. Patients are now looking for simple and convenient injection devices for self-use. The driving factors of this trend include enhanced design of the needles, ease of use and increased patient information which makes the pen needles very adaptable to home care.
Pen Needles Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global pen needles industry has witnessed steady growth post-COVID-19, driven by the increasing prevalence of chronic conditions such as diabetes and osteoporosis. Market innovations, such as the development of safer, comfortable pen needles, are enhancing patient experience and boosting adoption rates. There is evidence of a growing diabetes management market given the above dominance in North America and Europe together with the increasing need for home diabetes care. Even though there are some restraints to this market for example environmental and the rise of other methods of delivering insulin, it has continued to progress due to innovation and the abundance of other products, hence the optimistic growth of pen needles in the global context.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.3 billion |
| Market size value in 2031 | USD 2.7 billion |
| Growth Rate | 8.9% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pen Needles Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pen Needles Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Pen Needles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pen Needles Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pen Needles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pen Needles Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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