Global Pen Needles Market Growth, Demand, Size, Share, Analysis and Forecast, 2023-2030
- Report ID: 64344
- Date: May, 2023
- Pages: 110
- Category: Consumer Goods
Global Pen Needles Market Analysis and Forecast, 2023-2030
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 2023-2030.
Market Scope & Overview
The global pen needles market study by Altus Market Research 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 2019-2022 and the forecast period of 2023-2030 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. Altus Market Research 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 2019-2022, 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
Altus Market Research 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 2023-2030
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 2023
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 2023-2030
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 2023-2030
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 2023-2030
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 2023-2030
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 2023-2030
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 2023-2030
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
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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