According to the latest report from the IMARC group, entitled “pen needles market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the pen needles market to reach US$6.5 billion by 2027.
Pen needles are injection pens used to deliver medication into a patient’s body. They consist of hollow needles embedded in a plastic body connected to the injection pen. Pen needles are used by healthcare professionals and patients with diabetes. These days they are available in a variety of needle lengths and diameters. Pen needles are made with fine, fine tips obtained by electro-polishing the needles to provide ease of use and penetration. They also have plastic caps for safety and lubrication for easy gliding and less friction.
Report metric
History: 2016-2021
Base year: 2021
Forecast year: 2022-2027
like the novel coronavirus (COVID-19) The crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic. .
pen needles market Tendencies:
The pen needles market is primarily driven by the rising prevalence of chronic and lifestyle-related diseases such as diabetes, osteoporosis, cardiovascular disease, and multiple sclerosis. Additionally, pen needles are economical, portable, and do not require refrigeration for daily or weekly drug administration via pen injectors. In addition, injection pens are gaining popularity as the new standard for injectable drug delivery systems due to their simplicity, reliability, and ability to be administered directly by the patient without the aid of a medical device. doctor. Furthermore, factors such as increasing geriatric population, inflation in healthcare expenditure, and favorable government policies are some of the other factors that are expected to significantly impact the market in the coming years.
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pen needles market Analysis and segmentation 2022-2027:
Competitive Landscape:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
A. Menarini Diagnostics srl, Advancare Pharma, Arkray Inc., B. Braun Melsungen AG, Becton Dickinson and Company, Hindustan Syringes & Medical Devices Ltd., HTL Strefa SA, Novo Nordisk A/S, Owen Mumford Ltd., Simple Diagnostics, Trividia Health Inc. (Sinocare) and Ultimed Inc.
The report has segmented the market based on region, type, needle length, therapy, mode of purchase, and end-user.
Breakdown by type:
- Standard pen needles
- Safety pen needles
Breakdown by needle length:
- 4mm
- 5mm
- 6mm
- 8mm
- 10mm
- 12mm
Rupture by therapy:
- Insulin
- GLP-1
- Growth hormones
Breakdown by mode of purchase:
Breakdown by end user:
- Hospitals and Clinics
- Home care
- Others
Breakdown by region:
- North America (USA, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.
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