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Global Pen Needles Market 2017-2021

Global Pen Needles Market 2017-2021

About Pen Needles

The delivery of injectable medications into the body with pen devices are done with the help of pen needles. Advances in technology are causing a shift in end-user preference from invasive procedures to minimally and non-invasive procedures. Pen needles are mainly used by individuals with diabetes who require multiple daily injections. Pens are preferred for drug delivery due to its user-friendliness and ease of use compared to syringes. The high cost of pens compared to syringes is the main challenge to the adoption of these devices. North American countries such as the US and Canada are the major revenue contributors due to the favorable reimbursement policies for pen needles.

Technavio’s analysts forecast the global pen needles market to grow at a CAGR of 10.06% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global pen needles market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales of pen needle products.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Pen Needles Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BD
  • Novo Nordisk
  • Ypsomed
  • B. Braun
Other prominent vendors
  • Allison Medical
  • Artsana
  • Beipu Medicals
  • Henso Medical
  • HTL-STREFA
  • Medtronic
  • Medline
  • Menarini Diagnostics
  • Owen Mumford
  • Pietrasanta
  • Simple Diagnostics
  • Stat Medical
  • Terumo
  • Trividia Health
  • UltiMed
Market driver
  • Increasing preference for pen needles over syringes and vials
  • For a full, detailed list, view our report
Market challenge
  • Shortage of endocrinologists
  • For a full, detailed list, view our report
Market trend
  • Technological advances in non-invasive techniques
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Pen Needles Market 2017-2021

Technavio recognizes the following companies as the key players in the global pen needles market: BD, Novo Nordisk, Ypsomed, and B. Braun.

Other Prominent Vendors in the market are: Allison Medical, Artsana, Beipu Medicals, Henso Medical, HTL-STREFA, Medtronic, Medline, Menarini Diagnostics, Owen Mumford, Pietrasanta, Simple Diagnostics, Stat Medical, Terumo, Trividia Health, and UltiMed.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is technological advances in non-invasive techniques. The incidence of diabetes is rising significantly, which drives the demand for pen needles market. The development of novel non-invasive routes of insulin administration promises to further improve diabetes management. The key barriers to initiating insulin therapy include the need for frequent insulin injection, fears that insulin injections will be painful and difficult to administer, and concerns about hypoglycemia and weight gain.”

According to the report, one of the major drivers for this market is increasing preference for pen needles over syringes and vials. Pen needles are an integral part of diabetes treatment for patients who require injectable therapies. These pen needles are used for delivering specific drugs or collecting samples such as fluids and cells from organs or lumps. They are available with various advanced features, shapes, and sizes. The global market for pen needles is showing a steady growth owing to an increasing older population, and the shift toward less and non-invasive procedures is increasing its popularity worldwide. Pen needles have several advantages over the traditional vial-and-syringe method of insulin delivery including improved patient satisfaction and adherence, greater ease of use, superior accuracy for delivering small doses of insulin, greater social acceptability, and less reported injection pain.

Further, the report states that one of the major factors hindering the growth of this market is shortage of endocrinologists. The prevalence of the non-communicable diseases such as diabetes is increasing. In 2014, according to OECD, 380 million people had diabetes worldwide. However, there is a severe worldwide shortage of endocrinologists, which has been exacerbated by the exploding growth in diabetes and obesity. Currently, only 6,869 endocrinologists are present in the US. Although this marks an increase over past decades, it is insufficient to serve the demand. Therefore, the shortage of experts increases the risk of error and negligence in the use of pen needles.



Companies Mentioned

BD, Novo Nordisk, Ypsomed, B. Braun, Allison Medical, Artsana, Beipu Medicals, Henso Medical, HTL-STREFA, Medtronic, Medline, Menarini Diagnostics, Owen Mumford, Pietrasanta, Simple Diagnostics, Stat Medical, Terumo, Trividia Health, and UltiMed.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global pen needles market: Market derivation 2016
  • Market landscape
    • Market overview
      • Table Market overview: Global pen needles market 2016
    • Market size and forecast
      • Table Global pen needles market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global pen needles market by product 2016 (%)
    • Standard pen needles
      • Table Market overview of standard pen needles
      • Table Global standard pen needles market 2016-2021 ($ millions)
    • Safety pen needles
      • Table Market overview of safety pen needles
      • Table Global safety pen needles market 2016-2021 ($ millions)
  • Market segmentation by therapy
    • Market overview
      • Table Global pen needles market by therapy 2016
  • Market segmentation by end-user
    • Market overview
      • Table Global pen needles market by end-user 2016
      • Table Global pen needles market by end-users 2016
    • Hospitals and clinics
    • Home care
      • Table Buying criteria: Global pen needles market by end-user 2016
  • Geographical segmentation
    • Market overview
      • Table Global pen needles market by geography 2016 and 2021 ($ millions)
    • Pen needles market in Americas
      • Table Market overview of pen needles market in Americas 2016
      • Table Pen needles market in Americas 2016-2021 ($ millions)
      • Table Americas: Market metrics in key countries
    • Pen needles market in EMEA
      • Table Market overview of pen needles market in EMEA in 2016
      • Table Pen needles market in EMEA 2016-2021 ($ millions)
    • Pen needles market in APAC
      • Table Market overview of pen needles market in APAC 2016
      • Table Pen needles market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Cost comparison of pen needles and syringe needles
      • Table Prevalence rate of diabetes in age group of 20-79 in select countries 2013
    • Market challenges
  • Market trends
    • Technological advances in non-invasive techniques
    • Strategic alliances for product innovation
      • Table NANOPASS by Terumo: Compatibility with pen needles by other vendors
    • Shift in market focus toward emerging countries
  • Vendor landscape
    • Competitive analysis
      • Table Competitive structure analysis of global pen needles market
      • Table Market penetration of various global pen needles providers 2017
      • Table Strategic success factors of companies in global pen needles market 2017
  • Key vendor analysis
    • BD
      • Table BD: Key highlights
      • Table BD: Strength assessment
      • Table BD: Strategy assessment
      • Table BD: Opportunity assessment
    • Novo Nordisk
      • Table Novo Nordisk: Key highlights
      • Table Novo Nordisk: Strength assessment
      • Table Novo Nordisk: Strategy assessment
      • Table Novo Nordisk: Opportunity assessment
    • Ypsomed
      • Table Ypsomed: Key highlights
      • Table Ypsomed: Strength assessment
      • Table Ypsomed: Strategy assessment
      • Table Ypsomed: Opportunity assessment
    • B. Braun
      • Table B. Braun: Key highlights
      • Table B. Braun: Strength assessment
      • Table B. Braun: Strategy assessment
      • Table B. Braun: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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