Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.8% during the review period (2022 to 2027)
Insulin Pen Needles Market Overview
The Global Insulin Pen Needle Market is projected to expand at a robust CAGR during the forecast period, 2020 – 2027. Growing prevalence of diabetes all around the world is driving the overall market growth. Insulin pen needles are used with pen injectors for the injection of insulin. A pen needle consists of an empty needle which is fixed in a malleable hub and gets fixed inside the injection pen. Pen needles come in different lengths and diameters. These pen needles are utilized by health specialists and also by affected role themselves to inject insulin or other type of medications. People sorrow from diabetes generally use pen needles, as they need manifold insulin injections in one day. Injection pens then pen needles are believed to be a appropriate and well-organized drug delivery method as compared to traditional syringe or vial method.
Who are the Major Players in Insulin Pen Needles Market?
Top Key players in the Insulin Pen Needles Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Insulin Pen Needles Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes BD, Novo Nordisk, Artsana, B. Braun, Terumo, Ypsomed, Owen Mumford, HTL-Strefa, Beipu, Kangdelai, Ulticare, Allison Medical, Dongbao and others.
Industry News -
6 May 2022 : Novo Nordisk announced that the company has been notified by BlackRock, Inc. (Blackrock) that Blackrock as of 29 April 2022 holds B shares equal to 5.06% of the entire share capital of Novo Nordisk. The announcement is in accordance with section 30 of the Danish Capital Markets Act.
May 2, 2022 : BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, announced the inaugural members of the BD Scientific Advisory Board (SAB), which is comprised of top external medical key opinion leaders, science and technology experts and experienced innovation leaders
What are the major Applications, Types and Regions for Insulin Pen Needles Market?
Insulin Pen Needles Market is segmented based on the type, applications, companies and regions.
By Type, Insulin Pen Needles Market has been segmented into
- Standard Insulin Pen Needles
- Safety Insulin Pen Needles
The end user’s industry application on Insulin Pen Needles Market is,
- Home Use
- Medical Institutions
- Others
Regional Analysis -
North America is the largest supplier of Insulin Pen Needles, with a production market share nearly 43.5% in 2016. Europe is the second largest supplier of Insulin Pen Needles Media, enjoying production market share nearly 38.7% in 2016.Europe is the largest consumption place, with a consumption market share nearly 41% in 2016. Following Europe, North America is the second largest consumption place with the consumption market share of 30%.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Insulin Pen Needles Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 4.8% over the forecast period (2022-2027)
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By Type
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- Standard Insulin Pen Needles
- Safety Insulin Pen Needles
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By Application
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- Home Use
- Medical Institutions
- Others
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By Companies
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BD, Novo Nordisk, Artsana, B. Braun, Terumo, Ypsomed, Owen Mumford, HTL-Strefa, Beipu, Kangdelai, Ulticare, Allison Medical, Dongbao
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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122
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Insulin Pen Needles Report
- Evaluate Insulin Pen Needles market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Insulin Pen Needles market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
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Who are the key players in Insulin Pen Needles Market?
BD, Novo Nordisk, Artsana, B. Braun, Terumo, Ypsomed, Owen Mumford, HTL-Strefa, Beipu, Kangdelai, Ulticare, Allison Medical, Dongbao
What regions does this Insulin Pen Needles Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Insulin Pen Needles Market?
Standard Insulin Pen Needles, Safety Insulin Pen Needles
What are the major end-use applications of the Insulin Pen Needles Market?
Home Use, Medical Institutions, Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.