Download - Pen needles market
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Pen Needles Market, by Needle Lengths(4mm, 5mm, 6mm, 8mm, 10mm, 12mm),Types (Safety, Standard), Applications
(Glucagon-like Peptide-1, GrowthHormone, Insulin) – Global Market Size
and Forecast to 2022
November 2016
2
Table of Contents
1 MARKET OVERVIEW......................................................................................................................13
1.1 Definitions.............................................................................................................................13
1.2 Research Methodology .........................................................................................................13
1.3 Market Segmentation ...........................................................................................................15
2 EXECUTIVE SUMMARY ..................................................................................................................16
3 MARKET DYNAMICS ......................................................................................................................17
3.1 Drivers ...................................................................................................................................17
3.2 Restraints ..............................................................................................................................18
3.3 Opportunities........................................................................................................................19
3.3.1 Increasing Global Diabetic Population and High Adoption Rate of Pen Devices..........19
3.3.2 Favorable Reimbursement Policies...............................................................................19
3.3.3 Regulatory Mandates to Avoid Needlesticks Injury......................................................19
3.4 Premium Industry Trends .....................................................................................................21
3.4.1 Rising Healthcare Expenditures Across the World........................................................21
3.4.2 Increasing Number of Awareness Programs on Diabetes ............................................21
3.4.3 Advantages of Pen Needles Over Conventional Vials and Syringes..............................21
4 INDUSTRY ANALYSIS......................................................................................................................22
4.1 Value Chain Analysis .............................................................................................................22
4.2 Regulatory Landscape ...........................................................................................................23
5 PEN NEEDLES MARKET, BY NEEDLE LENGTHS...............................................................................24
5.1 Segment Share ......................................................................................................................24
5.2 Global Pen Needles Market, By Needle Lengths ..................................................................25
5.2.1 4mm Pen Needles .........................................................................................................26
5.2.2 5mm Pen Needles .........................................................................................................28
5.2.3 6mm Pen Needles .........................................................................................................30
5.2.4 8mm Pen Needles .........................................................................................................31
5.2.5 10mm Pen Needles .......................................................................................................33
5.2.6 12mm Pen Needles .......................................................................................................34
6 PEN NEEDLES MARKET, BY TYPES .................................................................................................36
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6.1 Segment Share ......................................................................................................................36
6.2 Global Pen Needles Market, By Types ..................................................................................36
6.2.1 Safety Pen Needles .......................................................................................................37
6.2.2 Standard Pen Needles...................................................................................................39
7 PEN NEEDLES MARKET, BY APPLICATIONS ...................................................................................41
7.1 Segment Share ......................................................................................................................41
7.2 Global Pen Needles Market, By Applications........................................................................41
7.2.1 Insulin............................................................................................................................43
7.2.2 Glucagon-like Peptide-1................................................................................................45
7.2.3 Growth Hormone ..........................................................................................................46
8 PEN NEEDLES MARKET, BY REGIONS ............................................................................................48
8.1 Segment Share ......................................................................................................................48
8.2 Global Pen Needles Market, By Regions...............................................................................49
8.3 North America.......................................................................................................................50
8.3.1 Pen Needles Market in North America, By Regions......................................................51
8.3.1.1 U.S. ............................................................................................................................53
8.3.1.2 Rest of North America...............................................................................................54
8.3.2 Pen Needles Market in North America, By Needle Lengths .........................................54
8.3.3 Pen Needles Market in North America, By Types .........................................................56
8.3.4 Pen Needles Market in North America, By Applications ..............................................57
8.4 Europe...................................................................................................................................59
8.4.1 Pen Needles Market in Europe, By Regions..................................................................60
8.4.1.1 Germany....................................................................................................................61
8.4.1.2 U.K.............................................................................................................................62
8.4.1.3 France........................................................................................................................62
8.4.1.4 Rest of Europe...........................................................................................................63
8.4.2 Pen Needles Market in Europe, By Needle Lengths .....................................................63
8.4.3 Pen Needles Market in Europe, By Types .....................................................................65
8.4.4 Pen Needles Market in Europe, By Applications...........................................................66
8.5 Asia-Pacific ............................................................................................................................68
8.5.1 Pen Needles Market in Asia-Pacific, By Regions ...........................................................69
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8.5.1.1 China .........................................................................................................................70
8.5.1.2 Japan .........................................................................................................................71
8.5.1.3 India...........................................................................................................................71
8.5.1.4 Rest of Asia-Pacific ....................................................................................................72
8.5.2 Pen Needles Market in Asia-Pacific, By Needle Lengths...............................................72
8.5.3 Pen Needles Market in Asia-Pacific, By Types ..............................................................74
8.5.4 Pen Needles Market in Asia-Pacific, By Applications....................................................75
8.6 Rest of the World (RoW).......................................................................................................77
8.6.1 Pen Needles Market in RoW, By Regions......................................................................78
8.6.1.1 Latin America ............................................................................................................79
8.6.1.2 Middle East and Africa ..............................................................................................80
8.6.2 Pen Needles Market in RoW, By Needle Lengths .........................................................80
8.6.3 Pen Needles Market in RoW, By Types.........................................................................82
8.6.4 Pen Needles Market in RoW, By Applications ..............................................................83
9 KEY MARKET PLAYERS...................................................................................................................85
9.1 BECTON, DICKINSON AND COMPANY...................................................................................85
9.1.1 Overview .......................................................................................................................85
9.1.2 Key Strategies................................................................................................................85
9.1.2.1 Focus on Product Innovation ....................................................................................85
9.1.2.2 Strategic Acquisitions and Partnerships to Strengthen Technological Capabilities..85
9.1.3 Recent Developments...................................................................................................85
9.2 Novo Nordisk A/S ..................................................................................................................87
9.2.1 Overview .......................................................................................................................87
9.2.2 Key Strategies................................................................................................................87
9.2.2.1 Enhancement of Technical Capabilities and Product Innovation .............................87
9.2.2.2 Strategic Acquisitions and Partnerships to Strengthen Technological Capabilities..87
9.2.3 Recent Developments...................................................................................................87
9.3 Ypsomed Holding AG ............................................................................................................89
9.3.1 Overview .......................................................................................................................89
9.3.2 Key Strategies................................................................................................................89
9.3.2.1 Strategic Collaborations and Partnerships................................................................89
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9.3.2.2 Product Innovations..................................................................................................89
9.3.3 Recent Developments...................................................................................................89
9.4 Owen Mumford Ltd...............................................................................................................91
9.4.1 Overview .......................................................................................................................91
9.4.2 Key Strategies................................................................................................................91
9.4.2.1 Focus on Product Innovations...................................................................................91
9.4.2.2 Market Expansion .....................................................................................................91
9.4.3 Recent Developments...................................................................................................91
9.5 Eli Lilly and Company ............................................................................................................93
9.5.1 Overview .......................................................................................................................93
9.5.2 Key Strategies................................................................................................................93
9.5.2.1 Focus on Product Innovation ....................................................................................93
9.5.2.2 Strategic Acquisitions to Expand their Capabilities ..................................................93
9.5.3 Recent Development ....................................................................................................93
9.6 B. Braun Melsungen AG. .......................................................................................................95
9.6.1 Overview .......................................................................................................................95
9.6.2 Key Strateies..................................................................................................................95
9.6.2.1 Product Innovation ...................................................................................................95
9.6.2.2 Strategic Acquisition, Collaborations and Partnerships............................................95
9.6.3 Recent Developments...................................................................................................95
9.7 TERUMO CORPORATION.......................................................................................................97
9.7.1 Overview .......................................................................................................................97
9.7.2 Key Strategies................................................................................................................97
9.7.2.1 Strategic Acquisitions, Collaborations and Partnerships ..........................................97
9.7.3 Recent Developments...................................................................................................97
9.8 LDI, Ltd. (UltiMed, Inc.) .........................................................................................................99
9.8.1 Overview .......................................................................................................................99
9.8.2 Key Strategies................................................................................................................99
9.8.2.1 Strategic Acquisition .................................................................................................99
9.8.3 Recent Development ....................................................................................................99
9.9 Berpu Medical Technology Co., Ltd. ...................................................................................100
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9.9.1 Overview .....................................................................................................................100
9.9.2 Key Strategies..............................................................................................................100
9.9.2.1 Focus on Product Innovations.................................................................................100
9.9.3 Recent Developments.................................................................................................100
9.10 Investindustrial (Artsana S.p.a.) ..........................................................................................101
9.10.1 Overview .....................................................................................................................101
9.10.2 Key Strategies..............................................................................................................101
9.10.2.1 Strategic Acquisitions, Collaborations and Partnerships ....................................101
9.10.3 Recent Developments.................................................................................................101
10 SCALAR 360 DEGREE MARKET PERSPECTIVE ..............................................................................102
11 APPENDIX ....................................................................................................................................103
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List of Tables
Table 1. Global Pen Needles Market Snapshot ..............................................................................16
Table 2. Global Pen Needles Market Drivers..................................................................................17
Table 3. Global Pen Needles Market Restraints .............................................................................18
Table 4. Global Pen Needles Market Size (US$ billion), By Needle Lengths (2014 – 2022) ...........25
Table 5. Global 4mm Pen Needles Market Size (US$ billion), By Regions (2014 – 2022)...............26
Table 6. Global 5mm Pen Needles Market Size (US$ billion), By Regions (2014 – 2022)...............29
Table 7. Global 6mm Pen Needles Market Size (US$ billion), By Regions (2014 – 2022)...............30
Table 8. Global 8mm Pen Needles Market Size (US$ billion), By Regions (2014 – 2022)...............32
Table 9. Global 10mm Pen Needles Market Size (US$ billion), By Regions (2014 – 2022) ............33
Table 10. Global 12mm Pen Needles Market Size (US$ billion), By Regions (2014 – 2022) ............35
Table 11. Global Pen Needles Market Size (US$ billion), By Types (2014 – 2022) ...........................36
Table 12. Global Safety Pen Needles Market Size (US$ billion), By Regions (2014 – 2022).............38
Table 13. Global Standard Pen Needles Market Size (US$ billion), By Regions (2014 – 2022) ........39
Table 14. Global Pen Needles Market Size (US$ billion), By Applications (2014 – 2022).................41
Table 15. Global Pen Needles for Insulin Market Size (US$ billion), By Regions (2014 – 2022).......43
Table 16. Global Pen Needles for Glucagon-like Peptide-1 Market Size (US$ billion), By Regions(2014 – 2022) ........................................................................................................................................45
Table 17. Global Pen Needles for Growth Hormone Market Size (US$ billion), By Regions (2014 –2022) 47
Table 18. Global Pen Needles Market Size (US$ billion), By Regions (2014 – 2022)........................49
Table 19. Pen Needles Market in North America, Market Snapshot ...............................................50
Table 20. Pen Needles Market in North America, Market Size (US$ billion), By Regions (2014 –2022) 51
Table 21. Pen Needles Market in U.S., Market Size and Annual Growth Rate (2015 – 2022) .........53
Table 22. Pen Needles Market in Rest of North America, Market Size and Annual Growth Rate(2015 – 2022) ........................................................................................................................................54
Table 23. Pen Needles Market in North America, Market Size (US$ billion), By Needle Lengths(2014 – 2022) ........................................................................................................................................55
Table 24. Pen Needles Market in North America, Market Size (US$ billion), By Types (2014 – 2022)56
Table 25. Pen Needles Market in North America, Market Size (US$ billion), By Applications (2014 –2022) 58
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Table 26. Pen Needles in Europe, Market Snapshot ........................................................................59
Table 27. Pen Needles Market in Europe, Market Size (US$ billion), By Regions (2014 – 2022) .....60
Table 28. Pen Needles Market in Germany, Market Size and Annual Growth Rate (2015 – 2022) .61
Table 29. Pen Needles Market in U.K, Market Size and Annual Growth Rate (2015 – 2022) ..........62
Table 30. Pen Needles Market in France, Market Size and Annual Growth Rate (2015 – 2022) .....62
Table 31. Pen Needles Market in Rest of Europe, Market Size and Annual Growth Rate (2015 –2022) 63
Table 32. Pen Needles Market in Europe, Market Size (US$ billion), By Needle Lengths (2014 –2022) 64
Table 33. Pen Needles Market in Europe, Market Size (US$ billion), By Types (2014 – 2022) ........65
Table 34. Pen Needles Market in Europe, Market Size (US$ billion), By Applications (2014 – 2022)67
Table 35. Pen Needles Market in Asia-Pacific, Market Snapshot.....................................................68
Table 36. Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Regions (2014 – 2022)69
Table 37. Pen Needles Market in China, Market Size and Annual Growth Rate (2015 – 2022).......70
Table 38. Pen Needles Market in Japan, Market Size and Annual Growth Rate (2015 – 2022).......71
Table 39. Pen Needles Market in India, Market Size and Annual Growth Rate (2015 – 2022)........71
Table 40. Pen Needles Market in Rest of Asia-Pacific, Market Size and Annual Growth Rate (2015 –2022) 72
Table 41. Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Needle Lengths (2014 –2022) 73
Table 42. Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Types (2014 – 2022)..74
Table 43. Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Applications (2014 –2022) 76
Table 44. Pen Needles Market in RoW, Market Snapshot ...............................................................77
Table 45. Pen Needles Market in RoW, Market Size (US$ billion), By Regions (2014 – 2022).........78
Table 46. Pen Needles Market in Latin America, Market Size and Annual Growth Rate (2015 –2022) 79
Table 47. Pen Needles Market in Middle East and Africa, Market Size and Annual Growth Rate(2015 – 2022) ........................................................................................................................................80
Table 48. Pen Needles Market in RoW, Market Size (US$ billion), By Needle Lengths (2014 – 2022)81
Table 49. Pen Needles Market in RoW, Market Size (US$ billion), By Types (2014 – 2022) ............82
Table 50. Pen Needles Market in RoW, Market Size (US$ billion), By Applications (2014 – 2022)..84
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Table 51. Pen Needles Market Snapshot........................................................................................102
Table 52. List of Acronyms..............................................................................................................103
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List of Figures
Figure 1. Research Methodology .....................................................................................................14
Figure 2. Global Pen Needles Market Segmentation.......................................................................15
Figure 3. Global Pen Needles Value Chain Analysis .........................................................................22
Figure 4. U.S. Pen Needles Regulatory Landscape...........................................................................23
Figure 5. Global Pen Needles Market, Segment Share (%) By Needle Lengths, 2016 and 2022 .....24
Figure 6. Global Pen Needles Market Size (US$ billion), By Needle Lengths, 2016 and 2022.........25
Figure 7. Global 4mm Pen Needles Market, Segment Share (%) By Regions, 2016 and 2022 ........26
Figure 8. Global 4mm Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022............27
Figure 9. Global 5mm Pen Needles Market, Segment Share (%) By Regions, 2016 and 2022 ........28
Figure 10. Global 5mm Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022........29
Figure 11. Global 6mm Pen Needles Market, Segment Share (%) By Regions, 2016 and 2022 ....30
Figure 12. Global 6mm Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022........31
Figure 13. Global 8mm Pen Needles Market, Segment Share (%) By Regions, 2016 and 2022 ....31
Figure 14. Global 8mm Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022........32
Figure 15. Global 10mm Pen Needles Market, Segment Share (%) By Regions, 2016 and 2022 ..33
Figure 16. Global 10mm Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022......34
Figure 17. Global 12mm Pen Needles Market, Segment Share (%) By Regions, 2016 and 2022 ..34
Figure 18. Global 12mm Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022......35
Figure 19. Global Pen Needles Market, Segment Share (%) By Types, 2016 and 2022.................36
Figure 20. Global Pen Needles Market Size (US$ billion), By Types, 2016 and 2022 ....................37
Figure 21. Global Safety Pen Needles Market, Segment Share (%) By Regions, 2016 and 2022 ..37
Figure 22. Global Safety Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022 ......38
Figure 23. Global Standard Pen Needles Market, Segment Share (%) By Regions, 2016 and 202239
Figure 24. Global Standard Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022..40
Figure 25. Global Pen Needles Market, Segment Share (%) By Applications, 2016 and 2022 ......41
Figure 26. Global Pen Needles Market Size (US$ billion), By Applications, 2016 and 2022..........42
Figure 27. Global Pen Needles for Insulin Market, Segment Share (%) By Regions, 2016 and 202243
Figure 28. Global Pen Needles for Insulin Market Size (US$ billion), By Regions, 2016 and 2022 43
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Figure 29. Global Pen Needles for Glucagon-like Peptide-1 Market, Segment Share (%) ByRegions, 2016 and 2022........................................................................................................................45
Figure 30. Global Pen Needles for Glucagon-like Peptide-1 Market Size (US$ billion), By Regions,2016 and 2022 ......................................................................................................................................46
Figure 31. Global Pen Needles for Growth Hormone Market, Segment Share (%) By Regions,2016 and 2022 ......................................................................................................................................46
Figure 32. Global Pen Needles for Growth Hormone Market Size (US$ billion), By Regions, 2016and 2022 47
Figure 33. Global Pen Needles Market, Segment Share (%) By Regions, 2016 and 2022 .............48
Figure 34. Global Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022 .................49
Figure 35. Pen Needles Market in North America, Segment Share (%) By Regions, 2016 and 202251
Figure 36. Pen Needles Market in North America, Market Size (US$ billion), By Regions, 2016 and2022 52
Figure 37. Pen Needles Market in North America, Segment Share (%) By Needle Lengths, 2016and 2022 54
Figure 38. Pen Needles Market in North America, Market Size (US$ billion), By Needle Lengths,2016 and 2022 ......................................................................................................................................55
Figure 39. Pen Needles Market in North America, Segment Share (%) By Types, 2016 and 202256
Figure 40. Pen Needles Market in North America, Market Size (US$ billion), By Types, 2016 and2022 57
Figure 41. Pen Needles Market in North America, Segment Share (%) By Applications, 2016 and2022 57
Figure 42. Pen Needles Market in North America, Market Size (US$ billion), By Applications,2016 and 2022 ......................................................................................................................................58
Figure 43. Pen Needles Market in Europe, Segment Share (%) By Regions, 2016 and 2022 ........60
Figure 44. Pen Needles Market in Europe, Market Size (US$ billion), By Regions, 2016 and 202261
Figure 45. Pen Needles Market in Europe, Segment Share (%) By Needle Lengths, 2016 and 202263
Figure 46. Pen Needles Market in Europe, Market Size (US$ billion), By Needle Lengths, 2016 and2022 64
Figure 47. Pen Needles Market in Europe, Segment Share (%) By Types, 2016 and 2022............65
Figure 48. Pen Needles Market in Europe, Market Size (US$ billion), By Types, 2016 and 2022..66
Figure 49. Pen Needles Market in Europe, Segment Share (%) By Applications, 2016 and 2022 .66
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Figure 50. Pen Needles Market in Europe, Market Size (US$ billion), By Applications, 2016 and2022 67
Figure 51. Pen Needles Market in Asia-Pacific, Segment Share (%) By Regions, 2016 and 2022..69
Figure 52. Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Regions, 2016 and2022 70
Figure 53. Pen Needles Market in Asia-Pacific, Segment Share (%) By Needle Lengths, 2016 and2022 72
Figure 54. Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Needle Lengths, 2016and 2022 73
Figure 55. Pen Needles Market in Asia-Pacific, Segment Share (%) By Types, 2016 and 2022 .....74
Figure 56. Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Types, 2016 and 202275
Figure 57. Pen Needles Market in Asia-Pacific, Segment Share (%) By Applications, 2016 and2022 75
Figure 58. Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Applications, 2016and 2022 76
Figure 59. Pen Needles Market in RoW, Segment Share (%) By Regions, 2016 and 2022 ............78
Figure 60. Pen Needles Market in RoW, Market Size (US$ billion), By Regions, 2016 and 2022 ..79
Figure 61. Pen Needles Market in RoW, Segment Share (%) By Needle Lengths, 2016 and 2022 80
Figure 62. Pen Needles Market in RoW, Market Size (US$ billion), By Needle Lengths, 2016 and2022 81
Figure 63. Pen Needles Market in RoW, Segment Share (%) By Types, 2016 and 2022 ...............82
Figure 64. Pen Needles Market in RoW, Market Size (US$ billion), By Types, 2016 and 2022 .....83
Figure 65. Pen Needles Market in RoW, Segment Share (%) By Applications, 2016 and 2022 .....83
Figure 66. Pen Needles Market in RoW, Market Size (US$ billion), By Applications, 2016 and2022 84
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1 MARKET OVERVIEW
1.1 Definitions
Pen injectors are increasingly finding application in the treatmentand management of
multiple diseases. Pen injectors decrease the need for visiting physicians, and
enable patients to self-administer their medications. Pen needles are disposable
devices that are attached to pen injectors in order to pierce the skin and deliver drug
dosage subcutaneously.The increasing demand for improving the quality and
containing the rapidly spiraling cost of healthcare are important growth drivers of the
global pen needles market.
The ‘Pen Needles Market – Global Market Size and Forecast to 2022' report includes
market size and forecast estimates for the period 2014 to 2022. The scope of this
report is commercially available pen needles that are used for administration of
glucagon-like peptide-1, growth hormone and insulin.The report segments the
market on the basis of needle lengths, types, applications, and regions. The report
includes market size and forecast estimates for all market segments in the study
period. The report has 2015 as the base year, 2014 as the historical year, and 2016
to 2022 as the forecast period.
1.2 Research Methodology
The research methodology for market research reports at ScalarMarket Research
includes a combination of top-down and bottom-up research formats. Continuous
market tracking, rigorous fact-checking, data-triangulation, and multiple layers of
quality control ensure high quality data that can be leveraged for actionable insights.
ScalarMarket Research’s research methodology starts with extensive secondary
research. Important secondary sources include SEC filings, annual reports, financial
reports, investor presentations, and technical & industry publications. Secondary
research helps build a comprehensive map of the structure of the market. It helps
identify key players in all market segments and helps build their profiles by
identifying their financials, product portfolios and growth strategies. It also identifies
qualitative market factors like regulatory scenario, patent estates and market
developments.
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Figure 1. Research Methodology
Source: Scalar Market Research Analysis
A bottom-up market sizing format is used to arrive at the top-line market size.
Revenues of key market players used to arrive at the market-specific revenues of
each key market player. A process of inward bracketing is used to arrive at the
market-specific revenues for each key market player. The market specific revenues
are combined to arrive at the top-line global market size. Segment-specific and
regional market sizes are estimated through top-down market sizing.
Data synthesis and triangulation techniques are used to develop the market model.
The model represents current consensus market opinion. The market estimates from
the model are used to generate reports that include qualitative and quantitative
insights about the market.
GlobalMarket Size
Market-specificRevenues of Key Players
Total Revenues of Key Players
Global Market Size
Segment-specificMarket Size
RegionalMarket
Size
Bottom-up
Top-down
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1.3 Market Segmentation
Figure 2. Global Pen Needles Market Segmentation
Source: Scalar Market Research Analysis
Global Pen Needles Market
By NeedleLengths
4mm
5mm
6mm
8mm
10mm
12mm
By Types
Safety PenNeedles
Standard PenNeedles
ByApplications
Glucagon-likePeptide-1
GrowthHormone
Insulin
By Regions
NorthAmerica
U.S.
Rest of NorthAmerica
Europe
Germany
U.K.
France
Rest ofEurope
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
RoW
Latin America
Middle Eastand Africa
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2 EXECUTIVE SUMMARYTable 1. Global Pen Needles Market Snapshot
Global Pen Needles MarketMarket Size (US$ billion) CAGR%
(2016 – 2022)2016 2022
Total 1.48 2.82 11.4
Need
leLe
ngth
s
4mm
5mm
6mm
8mm
10mm
12mm
Type
s
Safety Pen Needles
Standard Pen Needles
Appl
icatio
ns
Glucagon-like Peptide-1
Growth Hormone
Insulin
Regi
ons
North America
Europe
Asia-Pacific
RoW
Source: Scalar Market Research AnalysisSAMPLE
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3 MARKET DYNAMICS
3.1 DriversTable 2. Global Pen Needles Market Drivers
Drivers 2014-16 2017-19 2020-22High prevalence of diabetes
Factors such as increasing obesity rates and associated health problems,the global prevalence of diabetes rate has risen by nearly half over thelast twenty years. The global prevalence of people with diabetes isestimated to rise to 366 million in 2030.
In the developed regions, the incidence of diabetes has been rising forseveral decades. The major factor propelling its growth includeexponential increase in the obesity rate. Over the past few years, thesame trend if being observed in the emerging countries with majorprevalence rate increases in countries like China and India.
●
●◕
◔Source: Scalar Market Research Analysis
Note: ● Very High Impact,◕ High Impact,◑ Medium Impact,◔ Low Impact
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3.2 RestraintsTable 3. Global Pen Needles Market Restraints
Restraints 2014-16 2017-19 2020-22High costs associated with pen needles
For instance, The cost of Humira pen is $873.00 that includes the discountobtained from Blue Cross / Blue Shield. As per the data by Elsevier’s GoldStandard Drug Database, a pack of two EpiPens cost around $600.
●◕
◕Source: Scalar Market Research Analysis
Note: ● Very High Impact,◕ High Impact,◑ Medium Impact,◔ Low Impact
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4 INDUSTRY ANALYSIS
4.1 Value Chain AnalysisFigure 3. Global Pen Needles Value Chain Analysis
Source: Scalar Market Research Analysis
Raw Material &Sub-component
SuppliersOEMs & System
IntegratorsPen Needles
Manufacturers End-users
Hospitals
Clinics
ResearchOrganizations
Pharmacies
Patients
High level of Integration
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5 PEN NEEDLES MARKET, BY NEEDLE LENGTHS
The global pen needles market is expected to be valued at US$ XX billion in 2016.
This market is expected to grow at a CAGR of XX% in the forecast period and reach
US$ XX billion by 2022. The needle length segments in this market are 4mm, 5mm,
6mm, 8mm, 10mm, and 12mm. 8mm is the largest needle length segment. It is
expected to have a XX% share of the global pen needles market in 2016. On the
other hand, the 5mm segment is expected to grow at the highest rate in the forecast
period. The share of this market segment is expected to grow from XX% in 2016 to
XX% in the 2022.
5.1 Segment ShareFigure 5. Global Pen Needles Market,Segment Share (%) By Needle Lengths, 2016
and 2022
Source: Scalar Market Research Analysis
8.4%
6.5%
24.9%
39.7%
14.7%
5.8%
2016
10.1%
7.0%
26.3%
39.7%
12.5%
4.3%
2022
4mm 5mm
6mm 8mm
10mm 12mm
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5.2 Global Pen Needles Market, By Needle LengthsTable 4. Global Pen Needles Market Size (US$ billion), By Needle Lengths (2014 –
2022)Needle Lengths 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR%
(2016 –2022)
4mm
5mm
6mm
8mm
10mm
12mm
Total
Source: Scalar Market Research Analysis
8mm is the largest needle length segment of the global pen needles market. This
segment is expected to be valued at US$ XX billion in 2016. On the other hand,
4mm is expected to be the fastest-growing needle length segment in the forecast
period. This segment is expected to grow at a CAGR of XX% between 2016 and
2022.
Figure 6. Global Pen Needles Market Size (US$ billion), By Needle Lengths, 2016 and2022
Source: Scalar Market Research Analysis
0.12 0.10
0.37
0.59
0.22
0.09
0.290.20
0.74
1.12
0.35
0.12
4mm 5mm 6mm 8mm 10mm 12mm
Mar
ket S
ize (U
S$ b
illion
)
2016 2022
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5.2.1 4mm Pen NeedlesFigure 7. Global 4mm Pen Needles Market,Segment Share (%) By Regions, 2016 and
2022
Source: Scalar Market Research Analysis
Table 5. Global 4mm Pen Needles Market Size (US$ billion), By Regions (2014 –2022)
Regions 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR%(2016 –2022)
North America
Europe
Asia-Pacific
Rest of the World
Total
Source: Scalar Market Research Analysis
North America is the largest regional segment of the global 4mm pen needles
market. This segment is expected to be valued at US$XX billion in 2016. On the
other hand, Asia-Pacific is expected to be the fastest-growing regional segment in
the forecast period. This segment is expected to grow at a CAGR of XX% between
2016 and 2022.
40.6%
35.1%
13.1%
11.2%
2016
36.8%
33.8%
16.7%
12.7%
2022North America
Europe
Asia-Pacific
RoW
SAMPLE
27
Figure 8. Global 4mm Pen Needles Market Size (US$ billion), By Regions, 2016 and2022
Source: Scalar Market Research Analysis
0.050.04
0.02 0.01
0.110.10
0.050.04
North America Europe Asia-Pacific RoW
Mar
ket S
ize (U
S$ b
illion
)
2016 2022
SAMPLE
36
6 PEN NEEDLES MARKET, BY TYPES
The global pen needles market is expected to be valued at US$ XX billion in 2016.
This market is expected to grow at a CAGR of XX% in the forecast period and reach
US$ XX billion by 2022. The type segments in this market are safety and standard
pen needles. Standard pen needles are the largest type segment. This segment is
expected to have a XX% share of the global pen needles market in 2016. On the
other hand, the safety pen needles segment is expected to grow at the highest rate
in the forecast period. The share of this market segment is expected to grow from
XX% in 2016 to XX% in the 2022.
6.1 Segment ShareFigure 19. Global Pen Needles Market, Segment Share (%) By Types, 2016 and 2022
Source: Scalar Market Research Analysis
6.2 Global Pen Needles Market, By TypesTable 11. Global Pen Needles Market Size (US$ billion), By Types (2014 – 2022)
Types 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR%(2016 –2022)
Safety Pen Needles
Standard Pen Needles
Total
Source: Scalar Market Research Analysis
44.5%
55.5%
2016
48.2%51.8%
2022
Safety Pen Needles
Standard PenNeedles
SAMPLE
37
Standard pen needles are the largest type segment of the global pen needles
market. This segment is expected to be valued at US$ XX billion in 2016. On the
other hand, safety pen needles are expected to be the fastest-growing type segment
in the forecast period. This segment is expected to grow at a CAGR of XX% between
2016 and 2022.
Figure 20. Global Pen Needles Market Size (US$ billion), By Types, 2016 and 2022
Source: Scalar Market Research Analysis
6.2.1 Safety Pen NeedlesFigure 21. Global Safety Pen Needles Market, Segment Share (%) By Regions, 2016
and 2022
Source: Scalar Market Research Analysis
0.66
0.82
1.361.46
Safety Pen Needles Standard Pen Needles
Mar
ket S
ize (U
S$ b
illion
)
2016 2022
33.0%
32.7%
17.9%
16.3%
2016
29.4%
30.7%
21.9%
18.0%
2022North America
Europe
Asia-Pacific
RoW
SAMPLE
38
Table 12. Global Safety Pen Needles Market Size (US$ billion), By Regions (2014 –2022)
Regions 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR%(2016 –2022)
North America
Europe
Asia-Pacific
Rest of the World
Total
Source: Scalar Market Research Analysis
North America is the largest regional segment of the global safety pen needles
market. This segment is expected to be valued at US$ XX billion in 2016. On the
other hand, Asia-Pacific is expected to be the fastest-growing regional segment in
the forecast period. This segment is expected to grow at a CAGR of XX% between
2016 and 2022.
Figure 22. Global Safety Pen Needles Market Size (US$ billion), By Regions, 2016 and2022
Source: Scalar Market Research Analysis
0.22 0.22
0.12 0.11
0.40 0.42
0.30
0.24
North America Europe Asia-Pacific RoW
Mar
ket S
ize (U
S$ b
illion
)
2016 2022
SAMPLE
41
7 PEN NEEDLES MARKET, BY APPLICATIONS
The global pen needles market is expected to be valued at US$ XX billion in 2016.
This market is expected to grow at a CAGR of XX% in the forecast period and reach
US$ XX billion by 2022. The application segments in this market are insulin,
glucagon-like peptide-1, and growth hormone. Insulin is the largest application
segment. This segment is expected to have a XX% share of the global pen needles
market in 2016. On the other hand, the growth hormone segment is expected to
grow at the highest rate in the forecast period. The share of this market segment is
expected to grow from XX% in 2016 to XX% in the 2022.
7.1 Segment ShareFigure 25. Global Pen Needles Market, Segment Share (%) By Applications, 2016 and
2022
Source: Scalar Market Research Analysis
7.2 Global Pen Needles Market, By ApplicationsTable 14. Global Pen Needles Market Size (US$ billion), By Applications (2014 – 2022)
Applications 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR%(2016 –2022)
Insulin
Glucagon-like Peptide-1
Growth Hormone
Total
Source: Scalar Market Research Analysis
78.7%
11.5%
9.9%
2016
77.5%
11.8%
10.7%
2022
Insulin
Glucagon-likePeptide-1
Growth Hormone
SAMPLE
42
Insulin is the largest application segment of the global pen needles market. This
segment is expected to be valued at US$ XX billion in 2016. On the other hand,
growth hormone is expected to be the fastest-growing application segment in the
forecast period. This segment is expected to grow at a CAGR of XX% between 2016
and 2022.
Figure 26. Global Pen Needles Market Size (US$ billion), By Applications, 2016 and2022
Source: Scalar Market Research Analysis
1.16
0.17 0.15
2.19
0.33 0.30
Insulin Glucagon-like Peptide-1 Growth Hormone
Mar
ket S
ize (U
S$ b
illion
)
2016 2022
SAMPLE
43
7.2.1 InsulinFigure 27. Global Pen Needles for Insulin Market, Segment Share (%) By Regions,
2016 and 2022
Source: Scalar Market Research Analysis
Table 15. Global Pen Needles for Insulin Market Size (US$ billion), By Regions (2014– 2022)
Regions 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR%(2016 –2022)
North America
Europe
Asia-Pacific
Rest of the World
Total
Source: Scalar Market Research Analysis
North America is the largest regional segment of the global pen needles for insulin
market. This segment is expected to be valued at US$ XX billion in 2016. On the
other hand, Asia-Pacific is expected to be the fastest-growing regional segment in
the forecast period. This segment is expected to grow at a CAGR of XX% between
2016 and 2022.
Figure 28. Global Pen Needles for Insulin Market Size (US$ billion), By Regions, 2016and 2022
33.7%
32.1%
17.7%
16.5%
2016
29.9%
30.1%
21.8%
18.3%
2022North America
Europe
Asia-Pacific
RoW
SAMPLE
44
Source: Scalar Market Research Analysis
0.39 0.37
0.21 0.19
0.65 0.66
0.48
0.40
North America Europe Asia-Pacific RoW
Mar
ket S
ize (U
S$ b
illion
)
2016 2022
SAMPLE
48
8 PEN NEEDLES MARKET, BY REGIONS
The global pen needles market is segmented into regional segments of North
America, Europe, Asia-Pacific, and the Rest of the World. North America is expected
to be the largest regional segment in 2016. This segment is expected to have a
share of XX% in 2016. On the other hand, Asia-Pacific is expected to be the fastest-
growing regional segment in the forecast period. The share of this segment is
expected to grow from XX% in 2016 to XX% in 2022.
North America is further sub-segmented into U.S. and Rest of North America.
Europe is further sub-segmented into Germany, U.K, France, and the Rest of
Europe. Asia-Pacific is further sub-segmented into China, Japan, India, and the Rest
of Asia-Pacific. Rest of the World is further sub-segmented into Latin America and
Middle East and Africa.
8.1 Segment ShareFigure 33. Global Pen Needles Market,Segment Share (%) By Regions, 2016 and 2022
Source: Scalar Market Research Analysis
34.6%
32.5%
17.1%
15.8%
2016
30.8%
30.6%
21.1%
17.5%
2022North America
Europe
Asia-Pacific
RoW
SAMPLE
49
8.2 Global Pen Needles Market, By RegionsTable 18. Global Pen Needles Market Size (US$ billion), By Regions (2014 – 2022)
Regions 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR%(2016 –2022)
North America
Europe
Asia-Pacific
Rest of the World
Total
Source: Scalar Market Research Analysis
North America is the largest regional segment of the global pen needles market. This
segment is expected to be valued at US$ XX billion in 2016. On the other hand,
Asia-Pacific is expected to be the fastest-growing regional segment in the forecast
period. This segment is expected to grow at a CAGR of XX% between 2016 and
2022.
Figure 34. Global Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022
Source: Scalar Market Research Analysis
0.51 0.48
0.25 0.23
0.87 0.86
0.59
0.50
North America Europe Asia-Pacific RoW
Mar
ket S
ize (U
S$ b
illion
)
2016 2022
SAMPLE
50
8.3 North America
The pen needles market in North America is sub-segmented into U.S. and Rest of
North America. U.S. is expected to be the largest regional segment in North America
in 2016. This segment is expected to have XX% share in 2016. On the other hand,
the Rest of North America is expected to be the fastest-growing regional segment in
North America in the forecast period. The share of this segment is expected to grow
from XX% in 2016 to XX% in 2022.
Table 19. Pen Needles Market in North America, Market Snapshot
Pen Needles Market in North AmericaMarket Size (US$ billion) CAGR%
(2016 – 2022)2016 2022
Total 0.51 0.87 9.2
Need
les L
engt
hs
4mm
5mm
6mm
8mm
10mm
12mm
Type
s
Safety Pen Needles
Standard Pen Needles
Appl
icatio
ns
Glucagon-like Peptide-1
Growth Hormone
Insulin
Regi
ons
U.S.
Rest of North America
Source: Scalar Market Research Analysis
SAMPLE
51
8.3.1 Pen Needles Market in North America, By RegionsFigure 35. Pen Needles Market in North America, Segment Share (%) By Regions,
2016 and 2022
Source: Scalar Market Research Analysis
Table 20. Pen Needles Market in North America, Market Size (US$ billion), ByRegions (2014 – 2022)
Regions 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR%(2016 –2022)
U.S.
Rest of North America
Total
Source: Scalar Market Research Analysis
U.S. is the largest regional segment of the pen needles market in North America.
This segment is expected to be valued at US$ XX billion in 2016. On the other hand,
the Rest of North America is expected to be the fastest-growing regional segment in
North America in the forecast period. This segment is expected to grow at a CAGR
of XX% between 2016 and 2022.
81.1%
18.9%
2016
79.3%
20.7%
2022
U.S. Rest of NorthAmerica
SAMPLE
52
Figure 36. Pen Needles Market in North America, Market Size (US$ billion), ByRegions, 2016 and 2022
Source: Scalar Market Research Analysis
0.42
0.10
0.69
0.18
U.S. Rest of North America
Mar
ket S
ize (U
S$ b
illion
)
2016 2022
SAMPLE
103
11 APPENDIXTable 52. List of Acronyms
Acronym Expansion
RoW Rest of the World
CAGR Compound Annual Growth Rate
W.H.O. World Health Organization
NSIs Needle Stick Injuries
HCW Health-Care Workers
ACA Affordable Care Act
DSMT Diabetes Self-Management Training
IDF International Diabetes Federation
BD Becton Dickinson
SAMPLE