Pen Needles Market Size Growth Rate by Product Forecast 2026

Pen Needles Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK,
AND OPPORTUNITY ANALYSIS, 2018-2026
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REPORT DESCRIPTION
Pen Needles Market – Overview
Pen needles are used to inject medication (most commonly to inject insulin in diabetic patients). Pen needles offer
various advantages over conventional needle and syringe device such as they aid in self-administration of the medication
and do not require expertise. Pen needles are screwed to injection pens through plastic hub and has the required quantity
of medication in it. This gets injected through the pen. There are different sizes of pen needle available depending upon
the length and gauge.
Different length available are 4mm, 5mm, 6mm, 8mm, 10 mm, and 12mm. Gauge size decides the thickness of pen
needle, higher the gauge number, lesser is the thickness. Various gauges with pen needles are 29G, 30G, 31G and 32G.
Most advanced pen needles are ultra-fine needles, which are painless and reaches optimally in subcutaneous layer
beneath skin, whereas larger size needles such as 8mm and 12 mm may have risk to reach intramuscular layer beneath
skin if not inserted properly.
Rising prevalence of diabetes is one of the major drivers for growth of the pen needles market. According to the
International Diabetes Federation’s (IDF) Diabetes Atlas 2017, around 425 million patients were suffering from diabetes
worldwide by end of 2017. By 2045, this figure is expected to reach around 629 million. Moreover, over 40% people are
still undiagnosed with diabetes especially in regions such as Asia Pacific and Middle East and some part of North Africa.
Some of these patients require insulin therapy, which in turn would propel growth of the market for pen needles.
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REPORT DESCRIPTION
Pen Needles Market Taxonomy:
On The Basis Of Type Of Needle:
●
Standard Pen Needles
●
Safety Pen Needles
On The Basis Of Needle Length:
●
4mm
●
5mm
●
6mm
●
8mm
●
10mm
On The Basis Of Distribution Channel:
●
Retail Pharmacy
●
Hospital Pharmacy
●
Online Pharmacies
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REPORT DESCRIPTION
Over-the-Counter Drugs Market: Key Players
●
Novo Nordisk A/S
●
Becton
●
Dickinson and Company
●
Ypsomed AG
●
UltiMed, Inc.
●
TERUMO CORPORATION
●
HTL-STREFA
●
Owen Mumford Ltd.
●
B. Braun Melsungen AG
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According to statistics given by Diabetes UK forum in 2018, currently 10% of UK population is affected with type 1 diabetes. United Nations Population Prospects report 2017 states that, 25% of Europe population is above 60.