Market Overview:
The global standard insulin pen needles 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, rising awareness about diabetes and its management, and technological advancements in the field of insulin delivery devices. Based on type, the global standard insulin pen needles market can be segmented into 4mm, 5mm, 8mm, and other types. The 4mm segment is expected to account for a major share of the global market due to its small size and easy maneuverability. Based on application, the global standard insulin pen needles market can be divided into home use, medical institutions (hospitals & clinics), and others (research institutes & pharmaceutical companies). The home use segment is anticipated to hold a dominant position in this market during the forecast period owing to increasing preference for self-administration of drugs among patients.
Product Definition:
Standard insulin pen needles are those that have been designed to work with the majority of insulin pens on the market. They are typically 6mm in length and have a diameter of 31 gauge. Standard insulin pen needles allow for accurate and consistent dosing, as well as comfortable injections.
4mm:
Insulin pens are growing in popularity and this is mainly due to the fact that they offer a lot of advantages over traditional methods.
They are convenient, easy to use and have an improved safety profile. The most important benefit of all? They help people who cannot afford large hospitalization costs or who live in remote areas achieve better control over their diabetes with fewer complications. This is also likely to contribute significantly towards increasing demand for insulin pens as well as helping them gain market penetration globally.
5mm:
Insulin pens are devices that deliver insulin through injection sites. They are portable and can be used by people who cannot use needles or prefer to self-administer the drug. Insulin pens have replaced syringes in diabetic care, as they reduce pain and anxiety associated with injections, thereby improving patient outcomes. The 5 mm standard length pen needles can be used for insulin pens of all brands including NovoRapid, Humalog Junior/Rapid IV/Long Rapide etc.
Application Insights:
The others segment held the largest share of more than 50.0% in 2017. The other application includes research institutes, clinical trials and hospitals. Clinical trials are conducted to test the safety and efficacy of new drugs or therapies before they are released for general use. Insulin pens used in clinical trials have different types based on their needle length (4mm, 5mm) and insulin type (regular insulin, NPH insulin).
Regional Analysis:
North America dominated the global insulin pen needles market in 2017. The presence of well-established healthcare infrastructure, high awareness levels coupled with relatively higher healthcare expenditure and patient pool are some factors responsible for its large share. In addition, increasing number of FDA approvals for new products is also expected to drive the region’s growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to improving economic conditions and rising disposable income especially in emerging countries such as China & India which has resulted into increased demand for advanced medical devices including insulin pens needles among patients suffering from diabetes type 2 & 3 respectively. Global standard insulinfun needle market by application (Home Use, Medical Institutions), by region (North America, Europe Latin America Asia Pacific Middle East Africa) and country.
Growth Factors:
- Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. This is expected to drive the demand for insulin pen needles in the coming years.
- Technological advancements: The insulin pen needle market is witnessing rapid technological advancements, which is resulting in the development of innovative products with enhanced features. This is likely to boost the growth of this market in the near future.
- Rising awareness about diabetes and its treatment options: There has been a rise in awareness about diabetes and its treatment options among people across the world in recent years. This is likely to fuel demand for insulin pen needles in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Standard 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, Allison Medical, Dongbao
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Standard Insulin Pen Needles Market Report Segments:
The global Standard 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
- Allison Medical
- Dongbao
Highlights of The Standard 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 Standard 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Standard insulin pen needles are short, fat, and cylindrical in shape. They are made of stainless steel or other durable material and come in a variety of lengths.
Some of the major companies in the standard insulin pen needles market are BD, Novo Nordisk, Artsana, B. Braun, Terumo, Ypsomed, Owen Mumford, HTL-Strefa, Beipu, Kangdelai, BD, Allison Medical, Dongbao.
The standard insulin pen needles market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Standard 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 Standard Insulin Pen Needles Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Standard 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 Standard 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 Standard Insulin Pen Needles Market Size & Forecast, 2018-2028 4.5.1 Standard Insulin Pen Needles Market Size and Y-o-Y Growth 4.5.2 Standard Insulin Pen Needles Market Absolute $ Opportunity
Chapter 5 Global Standard 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 Standard 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 Standard 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 Standard 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 Standard 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 Standard 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 Standard Insulin Pen Needles Analysis and Forecast
9.1 Introduction
9.2 North America Standard 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 Standard 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 Standard 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 Standard Insulin Pen Needles Analysis and Forecast
10.1 Introduction
10.2 Europe Standard 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 Standard 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 Standard 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 Standard Insulin Pen Needles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Standard 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 Standard 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 Standard 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 Standard Insulin Pen Needles Analysis and Forecast
12.1 Introduction
12.2 Latin America Standard 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 Standard 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 Standard 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) Standard Insulin Pen Needles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Standard 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) Standard 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) Standard 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 Standard Insulin Pen Needles Market: Competitive Dashboard
14.2 Global Standard 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
14.3.12 Allison Medical
14.3.13 Dongbao