Global Pen Needles Market Analysis and Forecast, 2022-2028
The global pen needles market was US$ 2.5 Bn in 2021 and is expected to grow at a CAGR of 10.5% over the forecast period of 2022-2028.
Market Scope & Overview
The global pen needles market study comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2021 and the forecast period of 2022-2028 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.
The global pen needles market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period. The market study also covers the pricing analysis of each product based on its types and regions.
The global pen needles market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact
The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019. Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.
The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.
The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
Key Market Segmentation and Companies
has segmented the global pen needles market based on product type, length, therapy, and region.
• By Product type
o Standard pen needles
o Safety pen needles
• By Length
o 4mm
o 5mm
o 6mm
o 8mm
o 10mm
o 12mm
• By Therapy
o Insulin
o Glugacon Like Peptide-1 (GLP-1) therapy
o Growth hormone therapy
o Other therapies
• By Region
o North America
• US
• Canada
o Latin America
• Brazil
• Mexico
• Rest of Latin America
o Western Europe
• Germany
• UK
• France
• Spain
• Italy
• Benelux
• Nordic
• Rest of Western Europe
o Eastern Europe
• Russia
• Poland
• Rest of Eastern Europe
o Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• ASEAN (Indonesia, Vietnam, Malaysia, etc.)
• Rest of Asia Pacific
o Middle East & Africa
• GCC
• South Africa
• Turkey
• Rest of the Middle East & Africa
• Leading Companies and Market Players
o Becton, Dickinson, and Company (US)
o Novo Nordisk A/S (Denmark)
o Ypsomed Holding AG (Switzerland)
o B. Braun Melsungen AG (Germany)
o Owen Mumford (UK)
o Terumo Corporation (Japan)
o Nipro Corporation (Japan)
o Allison Medical (US)
o AdvaCare Pharma (US)
o Berpu Medical Technology (China)
o ARKRAY (Japan)
o GlucoRx (UK)
o HTL-STREFA (Poland)
o UltiMed, (US)
o Hindustan Syringes and Medical Devices (India)
Global Pen Needles Market Analysis and Forecast 2019-2028 Table of Contents 1. Market Introduction 1.1. Scope of Study 1.2. Problem Statement 1.3. Market Segmentation 2. Assumptions and Acronyms 3. Executive Summary 3.1. Global Market in 2022 3.2. Analyst Insights & Recommendations 3.3. Growth Opportunities and Key Strategies 3.4. Supply-side and Demand-side Trends 4. Research Methodology 5. Analysis of COVID-19 Impact and Road Ahead 6. Market Indicators and Background 6.1. Macro-Economic Factors 6.2. Forecasting Factors 6.3. Supply Chain & Value Chain Analysis 6.4. Industry SWOT Analysis 6.5. PESTLE Analysis 6.6. Porter's Five Forces Analysis 7. Government Laws and Industry Regulations 8. Global and Regional Market Dynamics 8.1. Drivers 8.2. Restraints 8.3. Trends 8.4. Opportunities 9. Pricing Analysis 9.1. By Product type 9.1.1. Standard pen needles 9.1.2. Safety pen needles 9.2. By Length 9.2.1. 4mm 9.2.2. 5mm 9.2.3. 6mm 9.2.4. 8mm 9.2.5. 10mm 9.2.6. 12mm 9.3. By Therapy 9.3.1. Insulin 9.3.2. Glugacon Like Peptide-1 (GLP-1) therapy 9.3.3. Growth hormone therapy 9.3.4. Other therapies 10. Parent Market Overview: Global Healthcare & Pharmaceutical Market 11. Segmental Analysis 11.1. Global Pen Needles Market by Product Type 11.1.1. Segment Overview 11.1.1.1. Standard pen needles 11.1.1.2. Safety pen needles 11.2. Global Pen Needles Market by Length 11.2.1. Segment Overview 11.2.1.1. 4mm 11.2.1.2. 5mm 11.2.1.3. 6mm 11.2.1.4. 8mm 11.2.1.5. 10mm 11.2.1.6. 12mm 11.3. Global Pen Needles Market by Therapy 11.3.1. Segment Overview 11.3.1.1. Insulin 11.3.1.2. Glugacon like Peptide-1 (GLP-1) therapy 11.3.1.3. Growth hormone therapy 11.3.1.4. Other therapies 11.4. Global Pen Needles Market by Region 11.4.1. North America 11.4.2. Latin America 11.4.3. Western Europe 11.4.4. Eastern Europe 11.4.5. Asia Pacific 11.4.6. Middle East & Africa 12. Regional Analysis 12.1. North America Pen Needles Market Analysis and Forecast 2019-2028 12.1.1. Regional Market Overview and Key Takeaways 12.1.2. North America Pen Needles Market by Product Type 12.1.3. North America Pen Needles Market by Length 12.1.4. North America Pen Needles Market by Therapy 12.1.5. North America Pen Needles Market by Country 12.1.5.1. US 12.1.5.2. Canada 12.2. Latin America Pen Needles Market Analysis and Forecast 2019-2028 12.2.1. Regional Market Overview and Key Takeaways 12.2.2. Latin America Pen Needles Market by Product Type 12.2.3. Latin America Pen Needles Market by Length 12.2.4. Latin America Pen Needles Market by Therapy 12.2.5. Latin America Pen Needles Market by Country 12.2.5.1. Brazil 12.2.5.2. Mexico 12.2.5.3. Rest of Latin America 12.3. Western Europe Pen Needles Market Analysis and Forecast 2019-2028 12.3.1. Regional Market Overview and Key Takeaways 12.3.2. Western Europe Pen Needles Market by Product Type 12.3.3. Western Europe Pen Needles Market by Length 12.3.4. Western Europe Pen Needles Market by Therapy 12.3.5. Western Europe Pen Needles Market by Country 12.3.5.1. Germany 12.3.5.2. UK 12.3.5.3. France 12.3.5.4. Spain 12.3.5.5. Italy 12.3.5.6. Benelux 12.3.5.7. Nordic 12.3.5.8. Rest of Western Europe 12.4. Eastern Europe Pen Needles Market Analysis and Forecast 2019-2028 12.4.1. Regional Market Overview and Key Takeaways 12.4.2. Eastern Europe Pen Needles Market by Product Type 12.4.3. Eastern Europe Pen Needles Market by Length 12.4.4. Eastern Europe Pen Needles Market by Therapy 12.4.5. Eastern Europe Pen Needles Market by Country 12.4.5.1. Russia 12.4.5.2. Poland 12.4.5.3. Rest of Eastern Europe 12.5. Asia Pacific Pen Needles Market Analysis and Forecast 2019-2028 12.5.1. Regional Market Overview and Key Takeaways 12.5.2. Asia Pacific Pen Needles Market by Product Type 12.5.3. Asia Pacific Pen Needles Market by Length 12.5.4. Asia Pacific Pen Needles Market by Therapy 12.5.5. Asia Pacific Pen Needles Market by Country 12.5.5.1. China 12.5.5.2. Japan 12.5.5.3. India 12.5.5.4. South Korea 12.5.5.5. Australia 12.5.5.6. ASEAN 12.5.5.7. Rest of Asia-Pacific 12.6. Middle East & Africa Pen Needles Market Analysis and Forecast 2019-2028 12.6.1. Regional Market Overview and Key Takeaways 12.6.2. Middle East & Africa Pen Needles Market by Product Type 12.6.3. Middle East & Africa Pen Needles Market by Length 12.6.4. Middle East & Africa Pen Needles Market by Therapy 12.6.5. Middle East & Africa Pen Needles Market by Country 12.6.5.1. GCC 12.6.5.2. South Africa 12.6.5.3. Turkey 12.6.5.4. Rest of the Middle East & Africa 13. Competitive Landscape 13.1. Competition Dashboard 13.1.1. Global and Regional Market Share Analysis 13.1.2. Market Structure 13.2. Competitive Benchmarking 13.3. Key Strategy Analysis 13.4. Company Profiles 13.4.1. Becton, Dickinson, and Company 13.4.1.1. Company Overview 13.4.1.2. Product/Service Offerings 13.4.1.3. Financials 13.4.1.4. Recent Developments 13.4.2. Novo Nordisk A/S 13.4.2.1. Company Overview 13.4.2.2. Product/Service Offerings 13.4.2.3. Financials 13.4.2.4. Recent Developments 13.4.3. Ypsomed Holding AG 13.4.3.1. Company Overview 13.4.3.2. Product/Service Offerings 13.4.3.3. Key Financials 13.4.3.4. Recent Developments 13.4.4. B. Braun Melsungen AG 13.4.4.1. Company Overview 13.4.4.2. Product/Service Offerings 13.4.4.3. Key Financials 13.4.4.4. Recent Developments 13.4.5. Owen Mumford 13.4.5.1. Company Overview 13.4.5.2. Product/Service Offerings 13.4.5.3. Financials 13.4.5.4. Recent Developments 13.4.6. Terumo Corporation 13.4.6.1. Company Overview 13.4.6.2. Product/Service Offerings 13.4.6.3. Financials 13.4.6.4. Recent Developments 13.4.7. Nipro Corporation 13.4.7.1. Company Overview 13.4.7.2. Product/Service Offerings 13.4.7.3. Financials 13.4.7.4. Recent Developments 13.4.8. Allison Medical Company Overview 13.4.8.1. Product/Service Offerings 13.4.8.2. Financials 13.4.8.3. Recent Developments 13.4.9. AdvaCare Pharma 13.4.9.1. Company Overview 13.4.9.2. Product/Service Offerings 13.4.9.3. Financials 13.4.9.4. Recent Developments 13.4.10. Hindustan Syringes and Medical Devices 13.4.10.1. Company Overview 13.4.10.2. Product/Service Offerings 13.4.10.3. Financials 13.4.10.4. Recent Developments A comprehensive list of pen needles brands/manufacturers by country will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities. 14. Disclaimer
Publisher: RationalStat
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