Market Overview:
The global safety insulin pen needles market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of diabetes, rising awareness about safe injection practices, and technological advancements in the field of insulin pen needles. Based on type, the global safety insulin pen needles market can be segmented into 4mm, 5mm, 8mm, and other types. The 5mm segment is expected to account for the largest share of the global market in 2018 owing to its widespread use across applications. By application, the global safety insulin pen needles market can be divided into home use, medical institutions, and others segments.
Product Definition:
A safety insulin pen needle is a type of disposable needle that is specifically designed for use with an insulin pen. Safety insulin pen needles have a smaller diameter than traditional needles, which makes them less likely to cause pain and bruising when used. They also feature a blunt tip, which helps to prevent accidental injuries.
4mm:
Insulin pens are growing in popularity and 4mm is a popular size for insulin pens. The market is estimated to grow at an approximate CAGR of XX% over the forecast period. Some factors that can be attributed to this growth include increasing demand for needle-free drug delivery systems, technological advancements such as the introduction of disposable pen needles, and growing awareness about diabetes among people around the world.
The global 4mm market size spans product type.
5mm:
The size of the needle is determined by the thickness of the tube. The standard length for a safety pen needle is 5mm and it's used in insulin pens with a maximum capacity of 100 units. Some companies such as Eli Lilly have developed shorter needles (3/8 inch) which are used in their smaller sized pens (10 units).
There are two types that come along with different sizes, lengths.
Application Insights:
The medical institutions segment held the largest share of the global market in 2017. The insulin pen needles are used by doctors at hospitals and clinics for administering insulin to patients. Safety pen needles are preferred over conventional syringes as they do not require a separate needle cover, which reduces the risk of contamination. These devices have an attached needle cap, which covers and protects the tip during storage and transportation preventing any accidental exposure to others.
Medical institutions application is expected to be one of the fastest-growing segments over the forecast period owing to increasing number of diabetes cases globally coupled with rising awareness about better management practices for patients suffering from diabetes mellitus type 2 as well as other chronic diseases such as cardiovascular disorders, high cholesterol levels etc.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of insulin pen needle manufacturers and an increase in the prevalence of diabetes are some factors attributing to its largest share. According to statistics published by the CDC, around 29 million people have diabetes and this number is expected to reach 20 years later (77). In addition, technological advancements such as miniaturization and automation are also contributing towards market growth.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing disposable income levels, growing medical tourism industry, improving healthcare infrastructure along with rising awareness about various treatment options for diabetes patients (78). Moreover safety insulin pen needles help avoid infections that may result from using conventional devices thus boosting their adoption rates among diabetic patients in this region.
Growth Factors:
- Increasing prevalence of diabetes: The increasing prevalence of diabetes is the major growth driver for the safety insulin pen needles market. According to the World Health Organization (WHO), in 2015, around 415 million people were living with diabetes and this number is expected to increase to 642 million by 2030. This will create a high demand for safe insulin pen needles, which will drive the growth of this market.
- Rising awareness about safe injection practices: There is a growing awareness among people about safe injection practices, which is driving the demand for safety insulin pen needles. People are increasingly becoming aware of the dangers associated with using unsafe injection devices and are looking for safer alternatives such as safety insulin pen needles. This will help fuel the growth of this market in coming years.
- Technological advancements: The technological advancements in manufacturing processes are helping manufacturers produce better quality safety insulin pen needles at lower costs, thereby driving down prices and making these devices more affordable to consumers worldwide. This is helping expand the reach of these devices to new markets and fueling their growth prospects further..
Scope Of The Report
Report Attributes
Report Details
Report Title
Safety Insulin Pen Needles Market Research Report
By Type
4mm, 5mm, 8mm, Other
By Application
Home Use, Medical Institutions, Others
By Companies
BD, Novo Nordisk, Artsana, B. Braun, Terumo, Ypsomed, Owen Mumford, HTL-Strefa, Beipu, Kangdelai, BD
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Safety Insulin Pen Needles Market Report Segments:
The global Safety Insulin Pen Needles market is segmented on the basis of:
Types
4mm, 5mm, 8mm, Other
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, Others
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
- Owen Mumford
- HTL-Strefa
- Beipu
- Kangdelai
- BD
Highlights of The Safety Insulin Pen Needles 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:
- 4mm
- 5mm
- 8mm
- Other
- By Application:
- Home Use
- Medical Institutions
- Others
- 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 Safety Insulin Pen Needles 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Safety insulin pen needles are used to inject insulin into the body. They come in a variety of sizes and shapes, and are made from a variety of materials, including metal, plastic, and glass.
Some of the key players operating in the safety insulin pen needles market are BD, Novo Nordisk, Artsana, B. Braun, Terumo, Ypsomed, Owen Mumford, HTL-Strefa, Beipu, Kangdelai, BD.
The safety insulin pen needles market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Safety Insulin Pen Needles 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 Safety Insulin Pen Needles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Safety Insulin Pen Needles 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 Safety Insulin Pen Needles 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 Safety Insulin Pen Needles Market Size & Forecast, 2018-2028
4.5.1 Safety Insulin Pen Needles Market Size and Y-o-Y Growth
4.5.2 Safety Insulin Pen Needles Market Absolute $ Opportunity
Chapter 5 Global Safety Insulin Pen Needles 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 Safety Insulin Pen Needles Market Size Forecast by Type
5.2.1 4mm
5.2.2 5mm
5.2.3 8mm
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Safety Insulin Pen Needles 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 Safety Insulin Pen Needles Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Medical Institutions
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Safety Insulin Pen Needles 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 Safety Insulin Pen Needles 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 Safety Insulin Pen Needles Analysis and Forecast
9.1 Introduction
9.2 North America Safety Insulin Pen Needles 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 Safety Insulin Pen Needles Market Size Forecast by Type
9.6.1 4mm
9.6.2 5mm
9.6.3 8mm
9.6.4 Other
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 Safety Insulin Pen Needles Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Medical Institutions
9.10.3 Others
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 Safety Insulin Pen Needles Analysis and Forecast
10.1 Introduction
10.2 Europe Safety Insulin Pen Needles 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 Safety Insulin Pen Needles Market Size Forecast by Type
10.6.1 4mm
10.6.2 5mm
10.6.3 8mm
10.6.4 Other
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 Safety Insulin Pen Needles Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Medical Institutions
10.10.3 Others
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 Safety Insulin Pen Needles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Safety Insulin Pen Needles 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 Safety Insulin Pen Needles Market Size Forecast by Type
11.6.1 4mm
11.6.2 5mm
11.6.3 8mm
11.6.4 Other
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 Safety Insulin Pen Needles Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Medical Institutions
11.10.3 Others
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 Safety Insulin Pen Needles Analysis and Forecast
12.1 Introduction
12.2 Latin America Safety Insulin Pen Needles 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 Safety Insulin Pen Needles Market Size Forecast by Type
12.6.1 4mm
12.6.2 5mm
12.6.3 8mm
12.6.4 Other
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 Safety Insulin Pen Needles Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Medical Institutions
12.10.3 Others
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) Safety Insulin Pen Needles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Safety Insulin Pen Needles 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) Safety Insulin Pen Needles Market Size Forecast by Type
13.6.1 4mm
13.6.2 5mm
13.6.3 8mm
13.6.4 Other
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) Safety Insulin Pen Needles Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Medical Institutions
13.10.3 Others
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 Safety Insulin Pen Needles Market: Competitive Dashboard
14.2 Global Safety Insulin Pen Needles 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
14.3.7 Owen Mumford
14.3.8 HTL-Strefa
14.3.9 Beipu
14.3.10 Kangdelai
14.3.11 BD
