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 2024-2031

Pen Needles Market Driver

The increased prevalence of chronic diseases has led to a greater emphasis on pen needles driving the market.

• Chronic diseases have increased in prevalence. Diabetes, osteoporosis, cardiovascular disease, and multiple sclerosis necessitate daily or weekly pen injections. Pen injectors are the new standard for administering injectable medications. The demand for pen needles is driven due to their simplicity, dependability, and ability to be self-administered. The needle of the pen injector is removable. The length and sharpness of the needle are essential for drug administration. The increased prevalence of chronic diseases has led to a greater emphasis on pen needle technologies to accommodate growing patient numbers and improve patient adherence. These are some of the factors driving the demand for the global pen needle market during the analysis period.

Pen Needles Market Restraint

Needlestick injuries and infections, hyperglycemia, and pain are the major restraints of the market growth.

• While pen needles are a convenient and hassle-free method of medication administration, they are also linked to needlestick injuries and infections, hyperglycemia, and discomfort. Due to the inability to adjust the dose, insulin pen therapy appears to produce hyperglycemia in some patients. Due to their ability to execute automated insulin suspension and reduce the danger of hypoglycemia, there has been a shift in diabetes therapy from insulin pens to insulin pumps. These are factors that significantly restrain the market growth during the analysis period.