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Pen Needles Market by Type (Standard Pen Needles, Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) - Trends & Global Forecasts to 2021

Pen Needles Market by Type (Standard Pen Needles, Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) - Trends & Global Forecasts to 2021

The pen needles market is projected to reach USD 2.81 billion by 2021 from USD 1.65 billion in 2016, growing at a CAGR of 11.2% during the forecast period of 2016 to 2021.

Over the years, the pen needles market has witnessed various technological advancements in order to cater to the growing demand for safety injections in the healthcare industry. These advancements have led to the development of safety pen needles with an aim to reduce pain, increase comfort, and most importantly reduce needlestick injuries (NSIs). Other factors contributing to the growth of the pen needles market include favorable reimbursement environment and government support in selected countries, advantages of insulin pens over syringes and vials, and growing diabetic population.

The standard pen needles segment is expected to account for the largest share of the pen needles market, by type, in 2016. Increasing diabetic population, rising awareness about the use of pen needles for insulin administration, favorable reimbursement scenario in selected countries, and low costs as compared to safety pen needles are major factors driving the market for standard pen needles. The 8mm pen needles segment is expected to account for the largest share of the pen needles market, by needle length, in 2016. These pen needles are the most prescribed/preferred as they can be conveniently used on normal as well as obese adult patients. The insulin therapy segment is expected to dominate the pen needles market, by therapy, in 2016. Growth in the insulin therapy segment can be attributed to the increasing use of insulin by the diabetic population and increasing awareness about insulin self-administration among type 1 and type 2 diabetes patients. The retail mode of purchase segment is expected to dominate the pen needles market, by mode of purchase, in 2016. The large share of this segment can mainly be attributed to the increasing purchase of pen needles directly by customers at pharmacies, retail stores, mail orders, and online through websites. Retail stores offer significant discounts on online/retail purchases and provide convenience to customers.

Europe is expected to account for the largest share in the pen needles market in 2016, followed by North America, Asia, and the Rest of the World (RoW). The large share of the European region can be attributed to EU’s Directive on the prevention of sharp injuries in hospitals and the healthcare sector; regulatory frameworks to minimize needlestick injuries & boost the use of safety-engineered devices; high diabetes prevalence and favorable reimbursement for pen needles in Germany; activities to pool funds for diabetes care & research in the U.K.; high insurance coverage and increase in aging population and affordability in France; awareness campaigns for diabetes in Italy; large pool of diabetic population and regulations mandating the use of safety pen needles in Spain; and high diabetes prevalence in Russia, Poland, Romania, and Ukraine. Asia is expected to witness the highest growth rate in the forecast period, mainly due to the rapidly growing diabetic population, increasing awareness, and rising adoption of pen devices for insulin delivery.

The global pen needles market witnesses high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (new product launches, acquisitions, and geographical expansions) to increase their market shares and to establish a strong foothold in the global market. .

Prominent players in the pen needles market include Becton, Dickinson, and Company (U.S.), Novo Nordisk A/S (Denmark), Ypsomed Holdings AG (Switzerland), Owen Mumford, Ltd. (U.K.), HTL-STREFA S.A. (Poland), B. Braun Melsungen (Germany), Terumo Corporation (Japan), UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), and Artsana S.p.a. (Italy).

Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help them garner greater market shares. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares. The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the pen needle market. The report analyzes the market based on type, needle length, therapy, and mode of purchase
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the pen needle market
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various pen needles across regions
Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the pen needles market
Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the pen needles market


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH METHODOLOGY STEPS
    • SECONDARY AND PRIMARY RESEARCH METHODOLOGY
      • SECONDARY RESEARCH
      • PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION METHODOLOGY
    • RESEARCH DESIGN
    • MARKET DATA VALIDATION AND TRIANGULATION
    • ASSUMPTIONS FOR THE STUDY
  • EXECUTIVE SUMMARY
    • INTRODUCTION
    • CURRENT SCENARIO
    • FUTURE OUTLOOK
    • CONCLUSION
  • PREMIUM INSIGHTS
    • PEN NEEDLES MARKET OVERVIEW
    • GEOGRAPHIC ANALYSIS: PEN NEEDLES MARKET, BY LENGTH
    • PEN NEEDLES MARKET, BY TYPE
    • PEN NEEDLES MARKET, BY LENGTH
    • PEN NEEDLES MARKET, BY MODE OF PURCHASE
    • GEOGRAPHIC SNAPSHOT: PEN NEEDLES MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
    • MARKET DYNAMICS
      • DRIVERS
        • Table 10 COUNTRIES/TERRITORIES WITH THE HIGHEST NUMBER OF DIABETICS (20-79 YEARS), 2015 & 2040
        • Table FAVORABLE REIMBURSEMENT ENVIRONMENT IN NORTH AMERICA & EUROPE AND GROWING DIABETIC POPULATION TO DRIVE THE GROWTH OF THE GLOBAL PEN NEEDLES MARKET
      • RESTRAINTS
        • Table POOR REIMBURSEMENT STRUCTURE IN DEVELOPING COUNTRIES IS RESTRAINING THE GROWTH OF THE PEN NEEDLES MARKET
      • OPPORTUNITIES
        • Table SAFETY NEEDLES TO OFFER SIGNIFICANT GROWTH OPPORTUNITIES IN THE PEN NEEDLES MARKET
      • CHALLENGES
        • Table MINIMIZING THE REUSE OF PEN NEEDLES IS A MAJOR MARKET CHALLENGE
  • INDUSTRY INSIGHTS
    • INTRODUCTION
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • SEGMENT RIVALRY
      • THREAT OF SUBSTITUTES
    • COMPETITIVE INTENSITY
      • EVALUATION PARAMETERS
        • Table EVALUATION PARAMETERS AND SCORES
      • SCORING METHODOLOGY
      • COMPETITIVE INTENSITY SCORE, BY COMPANY
        • Table COMPETITIVE INTENSITY FOR BD
        • Table COMPETITIVE INTENSITY FOR NOVO NORDISK
        • Table COMPETITIVE INTENSITY FOR YPSOMED
      • COMPETITIV E INTENSITY MAPPING OF BD, NOVO NORDISK, AND YPSOMED
      • COMPARISON OF EVALUATION PARAMETERS, BY COMPANY
  • PEN NEEDLES MARKET, BY TYPE
    • INTRODUCTION
      • Table PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
    • STANDARD PEN NEEDLES
      • Table STANDARD PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table STANDARD PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (MILLION UNITS)
    • SAFETY PEN NEEDLES
      • Table SAFETY PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table STANDARD PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (MILLION UNITS)
  • PEN NEEDLES MARKET, BY NEEDLE LENGTH
    • INTRODUCTION
      • Table PEN NEEDLES MARKET SIZE, BY LENGTH, 2016-2021 (USD MILLION)
    • 4MM
      • Table 4MM PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • 5MM
      • Table 5MM PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • 6 MM
      • Table 6MM PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • 8MM
      • Table 8MM PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • 10MM
      • Table 10MM PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • 12MM
      • Table 12MM PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • PEN NEEDLES MARKET, BY THERAPY
    • INTRODUCTION
      • Table PEN NEEDLES MARKET SIZE, BY THERAPY, 2014-2021 (USD MILLION)
    • INSULIN
      • Table INDICATIVE LIST OF INSULIN DEVELOPMENTS BY VARIOUS COMPANIES
      • Table INSULIN MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • GLP-1
      • Table GLP-1 MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • GROWTH HORMONES
      • Table GROWTH HORMONES MARKET SIZE, BY REGION, 2014-2021 USD MILLION)
  • PEN NEEDLES MARKET, BY MODE OF PURCHASE
    • INTRODUCTION
      • Table PEN NEEDLES MARKET SIZE, BY MODE OF PURCHASE, 2014-2021 (USD MILLION)
    • RETAIL
      • Table PEN NEEDLES MARKET SIZE FOR RETAIL PURCHASES, BY REGION, 2014-2021 (USD MILLION)
    • NON-RETAIL
      • Table INDICATIVE LIST OF REGULATORY ACTS
      • Table PEN NEEDLES MARKET SIZE FOR NON-RETAIL PURCHASES, BY REGION, 2014-2021 (USD MILLION)
  • PEN NEEDLES MARKET, BY REGION
    • INTRODUCTION
      • Table PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (MILLION UNITS)
    • NORTH AMERICA
      • Table NORTH AMERICA: PEN NEEDLES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • Table NORTH AMERICA: PEN NEEDLES MARKET SIZE, BY NEEDLE LENGTH, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: PEN NEEDLES MARKET SIZE, BY THERAPY, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: PEN NEEDLES MARKET SIZE, BY MODE OF PURCHASE, 2014-2021 (USD MILLION)
      • U.S.
        • Table ESTIMATED COST-SAVINGS FROM THE USE OF SAFETY- ENGINEERED DEVICES IN THE U.S.
        • Table U.S.: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table U.S.: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • CANADA
        • Table CANADA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table CANADA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
    • EUROPE
      • Table EUROPE: PEN NEEDLES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table EUROPE: PEN NEEDLES MARKET SIZE, BY COUNTRY, 2014-2021 (MILLION UNITS)
      • Table EUROPE: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table EUROPE: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • Table EUROPE: PEN NEEDLES MARKET SIZE, BY LENGTH, 2014-2021 (USD MILLION)
      • Table EUROPE: PEN NEEDLES MARKET SIZE, BY THERAPY, 2014-2021 (USD MILLION)
      • Table EUROPE: PEN NEEDLES MARKET SIZE, BY MODE OF PURCHASE, 2014-2021 (USD MILLION)
      • GERMANY
        • Table ESTIMATED ANNUAL NUMBER OF NSI-CAUSED INFECTIONS IN GERMAN HOSPITALS
        • Table GERMANY: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table GERMANY: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • U.K.
        • Table INSTITUTIONS THAT RECEIVED FUNDING OF MORE THAN GBP 100,000 (USD 145,805)
        • Table HIGHLIGHTS OF DIABETES U.K. ACTIVITIES, 2013
        • Table U.K.: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table U.K.: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • FRANCE
        • Table FRANCE: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table FRANCE: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • ITALY
        • Table HIGHLIGHTS OF AWARENESS CAMPAIGN CONDUCTED BY HAVAS PR & IDF IN ITALY
        • Table ITALY: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table ITALY: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • SPAIN
        • Table SPAIN: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table SPAIN: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • REST OF EUROPE
        • Table EUROPEAN COUNTRIES WITH HIGHEST DIABETIC CASES AND DIABETES-RELATED DEATHS IN 2015
        • Table ROE: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table ROE: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
    • ASIA
      • Table ASIA: PEN NEEDLES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table ASIA: PEN NEEDLES MARKET SIZE, BY COUNTRY, 2014-2021 (MILLION UNITS)
      • Table ASIA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table ASIA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • Table ASIA: PEN NEEDLES MARKET SIZE, BY NEEDLE LENGTH, 2014-2021 (USD MILLION)
      • Table ASIA: PEN NEEDLES MARKET SIZE, BY THERAPY, 2014-2021 (USD MILLION)
      • Table ASIA: PEN NEEDLES MARKET SIZE, BY MODE OF PURCHASE, 2014-2021 (USD MILLION)
      • JAPAN
        • Table JAPAN: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table JAPAN: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • CHINA
        • Table INDICATIVE LIST OF PEN NEEDLE MANUFACTURERS IN CHINA
        • Table CHINA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table CHINA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (MILLION UNITS)
      • INDIA
        • Table INDIA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table INDIA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (THOUSAND UNITS)
      • REST OF ASIA
        • Table ROA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table ROA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (THOUSAND UNITS)
    • REST OF THE WORLD (ROW)
      • Table ROW: PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table ROW: PEN NEEDLES MARKET SIZE, BY REGION, 2014-2021 (MILLION UNITS)
      • Table ROW: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table ROW: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (THOUSAND UNITS)
      • Table ROW: PEN NEEDLES MARKET SIZE, BY LENGTH, 2014-2021 (USD MILLION)
      • Table ROW: PEN NEEDLES MARKET SIZE, BY THERAPY, 2014-2021 (USD MILLION)
      • Table ROW: PEN NEEDLES MARKET SIZE, BY MODE OF PURCHASE, 2014-2021 (USD MILLION)
      • LATIN AMERICA
        • Table LATIN AMERICA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table LATIN AMERICA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (THOUSAND UNITS)
      • PACIFIC COUNTRIES
        • Table PEN NEEDLES AVAILABLE IN NEW ZEALAND
        • Table PACIFIC COUNTRIES: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table PACIFIC COUNTRIES: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (THOUSAND UNITS)
      • MIDDLE EAST & AFRICA
        • Table MIDDLE EAST & AFRICA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: PEN NEEDLES MARKET SIZE, BY TYPE, 2014-2021 (THOUSAND UNITS)
  • PEN NEEDLE DISTRIBUTOR LIST
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET SHARE ANALYSIS
      • INTRODUCTION
      • BECTON, DICKINSON & CO.
      • NOVO NORDISK A/S
      • YPSOMED HOLDING AG
      • OTHERS
    • COMPETITIVE SITUATION AND TRENDS
      • MARKETING AND PROMOTION
        • Table MARKETING AND PROMOTION, 2014-2016
      • EXPANSION
        • Table EXPANSION, 2013-2015
      • PRODUCT LAUNCH
        • Table PRODUCT LAUNCH, 2013-2015
      • OTHERS
        • Table OTHERS, 2013-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • BECTON, DICKINSON AND COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NOVO NORDISK A/S
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • YPSOMED HOLDING AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OWEN MUMFORD, LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HTL-STREFA S.A.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
    • B. BRAUN MELSUNGEN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • TERUMO CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ULTIMED, INC. (LDI, LTD.)
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
    • ALLISON MEDICAL, INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
    • ARTSANA S.P.A.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • DISCUSSION GUIDE
    • COMPANY DEVELOPMENTS (2013-2016)
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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