Pen Needles Market Size, Share & Trends Analysis Report By Type (Standard Pen Needles, Safety Pen Needles), By Length (4 mm, 5 mm, 6 mm, 8 mm, 10 mm, 12 mm), By Mode of Purchase (Retail, Non-retail), By Therapy, By Region, And By Segment Forecasts, 2024-2031

Report Id: 2733 Pages: 180 Last Updated: 10 September 2024 Format: PDF / PPT / Excel / Power BI
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Segmentation of Pen Needles Market-

Pen Needles Market By Type-

  • Standard Pen Needles
  • Safety Pen Needles

pen needle

Pen Needles Market By Length-

  • 4 mm Pen Needle
  • 5 mm Pen Needle
  • 6 mm Pen Needle
  • 8 mm Pen Needle
  • 10 mm Pen Needle
  • 12 mm Pen Needle

Pen Needles Market By Mode of Purchase-

  • Retail
  • Non-retail

Pen Needles Market By Therapy-

  • Insulin
  • Glucagon-Like Peptide-1
  • Growth Hormone
  • Other therapies

Pen Needles Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Pen Needles Market Snapshot

Chapter 4. Global Pen Needles Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. COVID-19 Impact Analysis

Chapter 5. Market Segmentation 1: By Product Type Estimates & Trend Analysis

5.1. By Product Type & Market Share, 2019-2031

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Product Type:

5.2.1. Standard pen needles

5.2.2. Safety pen needles

Chapter 6. Market Segmentation 2: By Length Estimates & Trend Analysis

6.1. By Length & Market Share, 2019-2031

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Length:

6.2.1. 4mm

6.2.2. 5mm

6.2.3. 6mm

6.2.4. 8mm

6.2.5. 10mm

6.2.6. 12mm

Chapter 7. Market Segmentation 3: By Mode of Purchase Estimates & Trend Analysis

7.1. By Mode of Purchase & Market Share, 2019-2031

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Mode of Purchase:

7.2.1. Retail

7.2.2. Non-retail

Chapter 8. Market Segmentation 4: By Therapy Estimates & Trend Analysis

8.1. By Product Type & Market Share, 2019-2031

8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Therapy:

8.2.1. Insulin therapy

8.2.2. Glucagon-like Peptide-1 (GLP-1) therapy

8.2.3. Growth hormone therapy

8.2.4. Other therapies

Chapter 9. Pen Needles Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Pen Needles Market revenue (US$ Million) estimates and forecasts By Product Type, 2023-2031

9.1.2. North America Pen Needles Market revenue (US$ Million) estimates and forecasts By Length, 2023-2031

9.1.3. North America Pen Needles Market revenue (US$ Million) estimates and forecasts By Mode of Purchase, 2023-2031

9.1.4. North America Pen Needles Market revenue (US$ Million) estimates and forecasts By Therapy, 2023-2031

9.1.5. North America Pen Needles Market revenue (US$ Million) estimates and forecasts By country, 2023-2031

9.1.5.1. U.S.

9.1.6. Canada

9.2. Europe

9.2.1. Europe Pen Needles Market revenue (US$ Million) By Product Type, 2023-2031

9.2.2. Europe Pen Needles Market revenue (US$ Million) estimates and forecasts By Length, 2023-2031

9.2.3. Europe Pen Needles Market revenue (US$ Million) estimates and forecasts By Mode of Purchase, 2023-2031

9.2.4. Europe Pen Needles Market revenue (US$ Million) estimates and forecasts By Therapy, 2023-2031

9.2.5. Europe Pen Needles Market revenue (US$ Million) By country, 2023-2031

9.2.5.1. Germany

9.2.5.2. Poland

9.2.5.3. France

9.2.5.4. Italy

9.2.5.5. Spain

9.2.5.6. UK

9.2.5.7. Rest of Europe

9.3. Asia Pacific

9.3.1. Asia Pacific Pen Needles Market revenue (US$ Million) By Product Type, 2023-2031

9.3.2. Asia Pacific Pen Needles Market revenue (US$ Million) estimates and forecasts By Length, 2023-2031

9.3.3. Asia Pacific Pen Needles Market revenue (US$ Million) estimates and forecasts By Mode of Purchase, 2023-2031

9.3.4. Asia Pacific Pen Needles Market revenue (US$ Million) estimates and forecasts By Therapy, 2023-2031

9.3.5. Asia Pacific Pen Needles Market revenue (US$ Million) By country, 2023-2031

9.3.5.1. China

9.3.5.2. India

9.3.5.3. Japan

9.3.5.4. Australia

9.3.5.5. Rest of Asia Pacific

9.4. Latin America

9.4.1. Latin America Pen Needles Market revenue (US$ Million) By Product Type, 2023-2031

9.4.2. Latin America Pen Needles Market revenue (US$ Million) estimates and forecasts By Length, 2023-2031

9.4.3. Latin America Pen Needles Market revenue (US$ Million) estimates and forecasts By Mode of Purchase, 2023-2031

9.4.4. Latin America Pen Needles Market revenue (US$ Million) estimates and forecasts By Therapy, 2023-2031

9.4.5. Latin America Pen Needles Market revenue (US$ Million) By country, (US$ Million) 2023-2031

9.4.5.1. Brazil

9.4.5.2. Rest of Latin America

9.5. Middle East & Africa

9.5.1. Middle East & Africa Pen Needles Market revenue (US$ Million) By Product Type, (US$ Million)

9.5.2. Middle East & Africa Pen Needles Market revenue (US$ Million) estimates and forecasts By Length, 2023-2031

9.5.3. Middle East & Africa Pen Needles Market revenue (US$ Million) estimates and forecasts By Mode of Purchase, 2023-2031

9.5.4. Middle East & Africa Pen Needles Market revenue (US$ Million) estimates and forecasts By Therapy, 2023-2031

9.5.5. Middle East & Africa Pen Needles Market revenue (US$ Million) By country, (US$ Million) 2023-2031

9.5.5.1. South Africa

9.5.5.2. GCC Countries

9.5.5.3. Rest of MEA

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. Becton, Dickinson and Company (US)

10.2.2. Novo Nordisk A/S (Denmark)

10.2.3. Ypsomed Holding AG (Switzerland)

10.2.4. B. Braun Melsungen AG (Germany)

10.2.5. Owen Mumford (UK)

10.2.6. Terumo Corporation (Japan)

10.2.7. Nipro Corporation (Japan) Allison Medical (US)

10.2.8. AdvaCare Pharma (US)

10.2.9. Berpu Medical Technology (China)

10.2.10. ARKRAY (Japan), GlucoRx (UK)

10.2.11. HTL-STREFA (Poland)

10.2.12. UltiMed, (US)

10.2.13. Hindustan Syringes and Medical Devices (India)

10.2.14. Artsana Group (Italy)

10.2.15. PromiseMed Diabetes Care (Canada)

10.2.16. Montmed (Canada)

10.2.17. Trividia Health (US)

10.2.18. VOGT Medical Vertrieb (Germany)

10.2.19. Van Heek Medical (Netherlands)

10.2.20. Simple Diagnostics (US)

10.2.21. Iyon (Turkey)

10.2.22. Links Medical Products (US)

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Pen Needles Market Size is valued at USD 1.66 Bn in 2024 and is predicted to reach USD 3.43 Bn by the year 2031

Pen Needles Market is expected to grow at a 10.95% CAGR during the forecast period for 2024-2031.

Becton, Dickinson and Company (US), Novo Nordisk A/S (Denmark), Ypsomed Holding AG (Switzerland), B. Braun Melsungen AG (Germany), Owen Mumford (UK),

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