Market Overview:
The global pen needle for diabete patients market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of diabetes, technological advancements in pen needles, and rising demand for safety pen needles. Based on type, the global pen needle for diabete patients market can be segmented into standard pen needles and safety pen needles. Standard pen needles are more common than safety pens and are less expensive. However, they pose a risk of accidental needlesticks injuries as they do not have any protection against accidental needlesticks injuries. Safety pens have features that protect healthcare workers from accidental needlesticks injuries caused by reuse of contaminated needles. They are also more expensive than standard pens due to the additional cost incurred in designing them with safety features. Based on application, the globalpen needle for diabete patients market can be segmented into home use and medical institutions/hospitals . Home use is further sub-segmented into self-injection and injection by others . The majority of users (around 60%) prefer using self-injection devices as it gives them control over when and how much insulin they inject themselves with. Medical institutions/hospitals is further sub-segmented into hospitals & clinics , ambulatory surgical centers (ASCs) , long term care facilities (LTCFs) .
Product Definition:
A pen needle is a small, thin needle that is used to inject insulin under the skin. Pen needles come in different lengths and thicknesses to accommodate different people and areas of the body that they are injecting into. They also come in various colors so that you can easily identify them among your other diabetes supplies.
Standard Pen Needles:
The global standard pen needles, it's usage and growth factor in the market for diabetic patients is a study carried out to find out the effectiveness of standard pen needles in comparison with insulin pens. Insulin pens are growing at a rapid rate globally as they offer many advantages over conventional methods such as injections. The major advantage is that there is no need for constant monitoring of blood glucose levels since these are recorded automatically on the device itself.
Safety Pen Needles:
Safety pen needles and it's usage in the diabetic patient market. The safety pen needle is a device used to inject insulin into the body without any risk of contamination or accident. It is an advanced form of injection pens that uses a thin, hollow needle to deliver precise doses of insulin into muscle, tissues, and fatty cells with the help of a miniature syringe attached to the end of a flexible hose.
Application Insights:
The home use segment held the largest share of more than 60.0% in 2017. The growing preference for self-monitoring and management among patients to maintain their blood glucose levels has led to an increased demand for pens in the home setting among patients with diabetes. Home use is preferred as it allows better control over insulin dosage, reduces stress, and helps avoid potential complications associated with improper injection technique at a hospital or medical facility setting.
Medical institutions are anticipated to be the fastest-growing application segment over the forecast period owing to increasing investments by governments and private organizations in developing healthcare facilities at an international level across countries such as India, China Japan Brazil etc., which will eventually lead to improved standards of living along with enhanced accessiblity of quality healthcare services for all citizens worldwide.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the prevalence of diabetes and awareness campaigns by various organizations. In addition, an increase in government funding for R&D activities pertaining to needle stick devices is also expected to drive growth over the forecast period. Asia Pacific is expected to grow at a lucrative rate due to increasing disposable income levels, rising patient awareness about available treatment options, and availability of effective treatment methods for chronic disorders such as diabetes. Moreover, an increase in medical tourism due to affordable treatments will boost demand further.
Key countries analyzed in this study include Brazil Germany Italy Japan France U.
Growth Factors:
- Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. This is primarily due to the changing lifestyle and dietary habits of people across the world. As a result, there is an increased demand for effective treatment options for diabetes, including pen needles.
- Technological advancements: Pen needles are becoming increasingly sophisticated with each passing day, with new features being added regularly. This has helped to boost their popularity among diabetics as well as healthcare professionals alike.
- Growing awareness about diabetes and its complications: There is a growing awareness about the dangers of uncontrolled diabetes among people all over the world. This has led to an increased demand for effective treatments, including pen needles which can help in better glycemic control .
Scope Of The Report
Report Attributes
Report Details
Report Title
Pen Needle for Diabete Patients Market Research Report
By Type
Standard Pen Needles, Safety Pen Needles
By Application
Home Use, Medical Institutions
By Companies
BD, Novo Nordisk, Artsana, B. Braun, Terumo, Ypsomed Holding, Owen Mumford, Beipu, Kangdelai, Ulticare, Allison Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Pen Needle for Diabete Patients Market Report Segments:
The global Pen Needle for Diabete Patients market is segmented on the basis of:
Types
Standard Pen Needles, Safety Pen Needles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Medical Institutions
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BD
- Novo Nordisk
- Artsana
- B. Braun
- Terumo
- Ypsomed Holding
- Owen Mumford
- Beipu
- Kangdelai
- Ulticare
- Allison Medical
Highlights of The Pen Needle for Diabete Patients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard Pen Needles
- Safety Pen Needles
- By Application:
- Home Use
- Medical Institutions
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pen Needle for Diabete Patients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A pen needle is a small, thin, pointed object that is inserted into the skin to draw blood. It is used by people with diabetes to check their blood sugar levels.
Some of the major players in the pen needle for diabete patients market are BD, Novo Nordisk, Artsana, B. Braun, Terumo, Ypsomed Holding, Owen Mumford, Beipu, Kangdelai, Ulticare, Allison Medical.
The pen needle for diabete patients market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pen Needle for Diabete Patients Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pen Needle for Diabete Patients Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pen Needle for Diabete Patients Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pen Needle for Diabete Patients Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pen Needle for Diabete Patients Market Size & Forecast, 2020-2028
4.5.1 Pen Needle for Diabete Patients Market Size and Y-o-Y Growth
4.5.2 Pen Needle for Diabete Patients Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Standard Pen Needles
5.2.2 Safety Pen Needles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Medical Institutions
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pen Needle for Diabete Patients Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pen Needle for Diabete Patients Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Standard Pen Needles
9.6.2 Safety Pen Needles
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Medical Institutions
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Standard Pen Needles
10.6.2 Safety Pen Needles
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Medical Institutions
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Standard Pen Needles
11.6.2 Safety Pen Needles
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Medical Institutions
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Standard Pen Needles
12.6.2 Safety Pen Needles
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Medical Institutions
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Standard Pen Needles
13.6.2 Safety Pen Needles
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Medical Institutions
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pen Needle for Diabete Patients Market: Competitive Dashboard
14.2 Global Pen Needle for Diabete Patients Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BD
14.3.2 Novo Nordisk
14.3.3 Artsana
14.3.4 B. Braun
14.3.5 Terumo
14.3.6 Ypsomed Holding
14.3.7 Owen Mumford
14.3.8 Beipu
14.3.9 Kangdelai
14.3.10 Ulticare
14.3.11 Allison Medical
