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2023

Pen Needles Market

Pen Needles Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Needle Length, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

LS : Medical Devices & Supplies

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Author's: Monika Darandale| Mansi Pardeshi | Roshan Deshmukh
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Pen Needles Market Research, 2032

The global pen needles market size was valued at $1.7 billion in 2022, and is projected to reach $4.5 billion by 2032, growing at a CAGR of 10.3% from 2023 to 2032.A pen needle is a small, disposable medical device attached to the injector pen used to administer various medications. These needles come in different lengths and gauge sizes and are made of plastic or plastic-coated metal to make them easier to handle. The needle itself is made of stainless steel, which is strong and durable enough to pierce the skin with minimal discomfort. The tip of the needle is often slanted to aid in skin penetration, and a lubricant is applied to reduce injection pain. 

Pen Needles Market

Market dynamics

Growth of the market is attributed to the increase in prevalence of diabetes, surge in demand for self-administration of injectable drugs, availability of a wide range of pen needles to meet individual patient needs, and rise in focus on home healthcare and self-care. In addition, advantages offered by pen needles over traditional syringes and surge in awareness and adoption of injector pens boost the demand for pen needles and contibute to the growth of the pen needles market size.

In addition, technological advancements in pen needle manufacturing and safety features; increase in investments by key players in development of advanced pen needles such as BD Nano 2nd Gen Pen Needles for less painful injections; and the availability of pen needles through various distribution channels such as drug stores, online providers, and hospital pharmacies are contributing to the growth of the pen needles market. 

On the other hand, safety concerns are a significant restraint of the pen needle market. One of the main concerns is the risk of accidental needlestick injuries, which can occur when the needle is not properly disposed of or when it accidentally punctures the skin of a healthcare worker or another person. This can lead to the transmission of bloodborne pathogens such as hepatitis B, hepatitis C, and HIV. Thus, proper disposal of used pen needles is important to minimize the risk of accidental needlestick injuries and prevent the spread of infectious diseases.  

On the contrary, the pen needles market is expected to experience growth due to technological advancements in pen needles and their manufacturing process. Patients and healthcare providers seek devices that are easy to use, provide accurate dosing, and minimize the risk of complications. As a result, key players in the market are developing pen needles that are technologically advanced.  

These advancements may include the development of pen needles with integrated safety features, such as retractable needles or automatic injection mechanisms. This is anticipated to drive the demand for technologically advanced pen needles, thus boosting the pen needles market size. 

Furthermore, developing economies are anticipated to offer lucrative opportunities for the growth of the pen needles market. Emerging markets possess high growth potential in the field of medical devices, due to several factors, including rapid economic growth, increase in healthcare spending, and surge in demand for effective healthcare products and services.  

COVID-19, an infectious disease caused by SARS-CoV-2, has spread worldwide since originating in China's Wuhan district in late 2019, and has negatively affected the pen needles industry. The pandemic has disrupted global supply chains and manufacturing facilities, which has impacted demand for medical devices, including pen needles. The shortage of pen needles can be attributed to disruptions in the supply of raw materials needed for production, leading to delays and supply chain disruptions, resulting in shortages in some areas.  

Furthermore, the pandemic has caused disruptions in healthcare systems and changes in healthcare delivery, which have negatively impacted diabetes management and access to essential diabetes care. About 43% of individuals with diabetes postponed seeking routine medical care during the pandemic, affecting access to essential diabetes supplies like pen needles, thereby leading to the negative impact on the pen needle market during the pandemic. 

Despite the negative impact of the pandemic, several countries have implemented strategies that have helped to regularize the supply chain of medications and medical devices, including pen needles. Moreover, the market growth is expected to be driven during the forecast period by the rising emphasis on self-care and home healthcare among individuals after the pandemic. This has resulted in surge in demand for medical equipment such as pen needles, which are utilized for self-administration of medication in different treatments. This is anticipated to boost the pen needles market growth during the forecast period.  

Segmental Overview:

The pen needles market is segmented into type, needle length, distribution channel, and region. By type, the market is categorized into standard pen needles and safety pen needles. On the basis of needle length, it is segregated into short length pen needles, medium length pen needles, and long length pen needles. Depending on distribution channel, it is divided into hospital pharmacies, drug stores & retail pharmacies, and online providers.  

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA). 

By Type: 

The standard pen needles segment holds a dominant pen needles market share in terms of revenue in 2022 and is anticipated to remain dominant during the forecast period. The growth of the standard pen needles segment is attributed to the extensive range of products available from leading manufacturers in the market. As patients may have varying preferences for injection methods, the availability of different needle lengths, gauges, and designs within the standard pen needle segment can cater to these individual needs. Thus, the demand for standard pen needles has increased significantly, which boosts the growth of the segment. 

On the other hand, the safety pen needles segment is anticipated to grow at a fastest rate during the forecast period. The demand for safety pen needles has increased due to the advantages they offer over standard pen needles. Safety pen needles are equipped with features such as a retractable needle that withdraws into the pen after injection, minimizing the risk of accidental needlestick injuries by preventing the needle from being exposed. This makes them a safer and more convenient option for patients who self-administer injections, leading to their growing adoption in healthcare settings around the world. 

Pen Needles Market by Type

By Needle Length:  

The medium length pen needles segment dominated the global market in 2022 and is anticipated to remain dominant during the forecast period. The medium length pen needles are particularly beneficial for individuals with thicker or more muscular body types since they can penetrate deeper layers of subcutaneous fat tissue and deliver insulin more effectively. As a result, they are often recommended for such individuals to ensure proper insulin administration and hence hold a significant pen needles market share.  

On the other hand, the short length pen needles segment is anticipated to boost the market growth during the forecast period. Short length pen needles are becoming increasingly popular due to their ability to reduce discomfort and pain associated with insulin injections. Compared to longer needles, they are found to be less painful, and their use may enhance adherence to insulin therapy. As a result, shorter needles are preferred by patients who require frequent injections or have a fear of needles, which is anticipated to boost the market growth. 

Pen Needles Market by Needle Length

By Distribution Channel:  

The drug stores & retail pharmacies segment exhibited highest growth in terms of revenue in 2022, which is attributed to the advantages offered by drug stores & retail pharmacies over other distribution channels. Patients can easily purchase pen needles without the need for a prescription, making it easier to manage their diabetes.  

On the other hand, the online providers segment is expected to experience significant growth with the highest CAGR during the pen needles market forecast period due to high level of convenience online providers offer to patients. By allowing patients to purchase pen needles from the comfort of their homes or workplaces, without the need to physically visit a retail store, online providers have become increasingly popular.  

Pen Needles Market by Distribution Channel

By Region:  

The pen needles market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a major share of the market in 2022 and is expected to maintain its dominance during the forecast period.  

The growth of the North America pen needles industry is primarily driven by factors such as high prevalence of diabetes, increase in adoption of insulin pens, and rise in awareness regarding the benefits of pen needles over traditional syringes. In addition, an increase in focus on self-care management and home healthcare in the region is expected to boost demand for pen needles. Moreover, the availability of a wide range of pen needles with different lengths, gauges, and designs, and the presence of established market players such as Becton, Dickinson and Company, Novo Nordisk A/S, and Owen Mumford are contributing to the growth of the pen needles market in North America.  

Furthermore, the market growth in Asia-Pacific is attributable to rise in incidence of chronic conditions such as diabetic, rheumatoid arthritis, growth hormone deficiency and others, and surge in patient awareness toward advanced pen injectors and pen needles. Moreover, Asia-Pacific possesses high potential for the growth of the pen needles market due to the presence of a high population base and untapped market opportunities. 

Pen Needles Market by Region

Competition Analysis 

Competition analysis and profiles of the major players in the pen needles industry, such as Allison Medical, B.Braun SE, Becton, Dickinson and Company, MTD Medical Technology and Devices S.p.A, Novo Nordisk A/S, Owen Mumford Ltd, Terumo Corporation, Trividia Health, Inc., UltiMed, Inc., and Ypsomed AG are provided in this report. There are some important players in the market such as Simple Diagnostics, Kroger, Medline Industries, LP and others. Major players have adopted product launch, and geographical expansion as key developmental strategies to improve the product portfolio of the pen needles.

Recent Product Launches in Pen Needles Market 

In April 2023, Ypsomed AG held a groundbreaking ceremony for a new production facility in the Changzhou National Hi-tech District.  The new production facility is expected to expand Ypsomed's production capacity for its range of medical devices and allow for greater access to the growing Chinese market. 

Geographical Expansion in Pen Needles Market 

In February 2021, UltiMed, Inc. launched a new UltiCare safety pen needle, the technology that hides the needle before and after use, helping to provide protection from accidental needle stick injuries. 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pen needles market analysis from 2022 to 2032 to identify the prevailing pen needles market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the pen needles market segmentation assists to determine the prevailing pen needles market opportunity.
  • Major countries inn each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global pen needles market trends, key players, market segments, application areas, and market growth strategies.

Pen Needles Market Report Highlights

Aspects Details
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Market Size By 2032

USD 4.5 billion

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Growth Rate

CAGR of 10.3%

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Forecast period

2022 - 2032

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Report Pages

250

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By Type
  • Standard Pen Needles
  • Safety Pen Needles
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By Needle Length
  • Short Length Pen Needles
  • Medium Length Pen Needles
  • Long Length Pen Needles
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By Distribution Channel
  • Hospital Pharmacies
  • Drug Stores and Retail Pharmacies
  • Online Providers
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

MTD Medical Technology and Devices S.p.A, Terumo Corporation, Allison Medical Inc., Ypsomed AG, Embecta Corp., Owen Mumford Ltd., Trividia Health, Inc., UltiMed, Inc, Novo Nordisk A/S, B.Braun SE

Analyst Review

This section provides various opinions in the global pen needles market. Increase in prevalence of diabetes and other chronic diseases, along with a growing awareness of the benefits of using pen needles for medicine administration, is expected to drive the growth of pen needle market. 

In addition, advancements in needle technology and the availability of a wide range of pen needle sizes and brands are creating opportunities for companies to innovate and differentiate their products in a highly competitive market. The pen needle market is being driven by surge in adoption of self-injection devices.  

Moreover, patients are seeking devices that offer greater ease of use, convenience, and pain reduction, which is driving the demand for pen needles. However, the pen needle market is highly regulated, with strict quality standards and regulations governing the manufacture, distribution, and sale of medical devices. This can create challenges for companies looking to enter or expand in the pen needles market.  

Furthermore, North America is expected to witness the highest growth, in terms of revenue, owing to surge in demand for pen needles due to rise in adoption of injector pens for management of various conditions, developed healthcare infrastructure, and easy availability of pen needles through established distribution channels. Furthermore, Asia-Pacific is anticipated to witness notable growth during the forecast period owing to rise in demand for pen needles, as more people are becoming aware of the technological advancements in pen needles. In addition, improvement in health awareness and rise in healthcare expenditure contribute toward the market growth. 

Author Name(s) : Monika Darandale| Mansi Pardeshi | Roshan Deshmukh
Frequently Asked Questions?

Pen needle is a small disposable medical device used to administer medication for treatment of different diseases, attached to an injector pen, which is a device used for injecting medication under the skin.

Key factors driving the growth of the pen needles market includes the increase in prevalence of chronic conditions, surge in awareness and adoption of injector pens and surge in awareness and adoption of injector pens.

Major players that operate in the pen needles market are Allison Medical, B.Braun SE, Becton, Dickinson and Company, MTD Medical Technology and Devices S.p.A, Novo Nordisk A/S, Owen Mumford Ltd, Terumo Corporation, Trividia Health, Inc., UltiMed, Inc., and Ypsomed AG.

The base year is 2022 in pen needles market.

The forecast period for pen needles market is 2023 to 2032.

The total market value of pen needles market is $1.7 billion in 2022.

The market value of pen needles market in 2032 is $4.5 billion.

The standard pen needles segment is the most influencing segment in 2022, which is attributed to relatively low cost of standard pen needles compared to safety pen needles. Moreover, standard pen needles are simpler in design and do not have additional safety features of safety pen needles, which can make them less expensive to produce.

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Pen Needles Market

Global Opportunity Analysis and Industry Forecast, 2023-2032