Pen Needles Market - PowerPoint PPT Presentation

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Pen Needles Market


The global pen needles market size was valued at $1.7 billion in 2022, and is projected to reach $4.5 billion by 2032, growing at a CAGR of 10.3% from 2023 to 2032. – PowerPoint PPT presentation

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Updated: 4 January 2024
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Title: Pen Needles Market

Pen Needles Market
  • Pen Needles Market to Reach 4.5 Billion,
    Globally, by 2032 at 10.3 CAGR Allied Market

Prime determinants of growth  
  • The growth of the global pen needles market is
    driven by multiple factors, including an increase
    in the prevalence of chronic conditions, a surge
    in awareness and adoption of injector pens, and
    advantages offered by pen needles over
    traditional syringes. The rising prevalence of
    chronic diseases, such as diabetes, necessitates
    frequent and precise administration of
    medications, which has led to an increased demand
    for pen needles. Moreover, the growing awareness
    and adoption of injector pens as a preferred
    method for self-administration of medications
    have propelled the market forward, as these
    devices offer ease of use, accurate dosing, and
    reduced needlestick injuries.  

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Leading Market Players
  • Allison Medical Inc. 
  • B. Braun SE 
  • Novo Nordisk A/S 
  • Owen Mumford Ltd. 
  • Terumo Corporation 
  • Trividia Health, Inc. 
  • Ultimed, Inc. 
  • Ypsomed AG 
  • MTD Medical Technology and Devices S.P.A 
  • Embecta Corp. 

Recent developments in Pen Needles Market
  • New needle designs New needle designs are being
    developed to improve the comfort and convenience
    of pen needles. For example, some new needle
    designs feature thinner needles that are less
    painful upon insertion. Other new needle designs
    feature shorter needles that are easier to use.
  • Smart pen needles Smart pen needles are being
    developed to track insulin delivery and provide
    feedback to users. For example, some smart pen
    needles can track the amount of insulin injected
    and the date and time of injection. This
    information can be used to improve diabetes
  • Reusable pen needles Reusable pen needles are
    being developed to reduce the environmental
    impact of pen needles. For example, some reusable
    pen needles can be used up to 100 times before
    needing to be replaced.

North America to maintain its dominance by 2032 
North America held the highest market share in
terms of revenue in 2022, accounting for around
two-fifths of the global pen needles market
revenue and is likely to dominate the market
during the forecast period. The growth is
attributed to the well-developed healthcare
infrastructure, rise in awareness among consumers
about advancements in needle technology, and
surge in demand for injector pens with subsequent
rise in demand for pen needles in this
region. However, the Asia-Pacific region is
expected to witness the fastest CAGR of 11.2
from 2023 to 2032, owing to large population base
in countries such as China and India, rising
healthcare expenditure, and developing healthcare
infrastructure in this region. For Purchase
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