The global pen needles market size was valued at USD 1.5 billion in 2015 and is anticipated to exhibit attractive growth over the forecast period. The growing prevalence of diabetes has led to rising demand for pen needles. According to the International Diabetes Federation (IDF), 642 million people are estimated to have diabetes by 2040. With the rising population of diabetes, the target market is expected to grow in the near future.
These products are commonly used by diabetic patients for injecting insulin or any other injectable medication. Obese people are also highly susceptible to diabetes. According to Diabetes.co.uk, obesity is assumed to account for 80-85% of the risk of developing diabetes. Insulin pens are the most convenient and fastest mode of injecting drug delivery. Pen needles are highly demanded in conjunction with the growing need for insulin pens for people suffering from diabetes. These devices used with insulin pens help in delivering the dosage of the drug to the patient.
Germany pen needles market, by product, 2014 - 2025 (USD Million)
Huge technological advancements are also driving the growth of the pen needles industry. Companies are focusing on new product development with respect to the needle length. For instance, in 2014, Novo Nordisk announced the commercial availability of NovoFine Plus, the shortest and thinnest needle in the U.S. Pen needles of shorter length can be easily used by everyone including overweight patients.
Insulin pens coupled with needles are considered as an improved alternative drug delivery process in comparison to syringes and vials. Traditional syringes are large and create difficulty in self-administration. However, pen needles have fine pointed tips, which helps in easy penetration into the patient’s muscle. These needles also facilitate safety pertaining to insulin delivery amongst diabetic patients.
In 2015, standard pen needles held the largest market share due to its daily usage of larger doses by diabetic patients. People suffering from dexterity problems commonly use these needles. However, these needles are not preferred since there is a high risk of causing needlestick injuries, which hampers the safe applicability of pen needles. Hence, they are expected to have low demand in the near future. The rising number of diabetic population and awareness level regarding the usage of insulin pens are some of the factors supporting the growth of this segment. Safety pen needles are expected to showcase lucrative growth over the forecast period due to rising technological advancements in this field. These devices enable the minimization of needlestick injuries amongst patients.
Amongst the type of needle length, 8mm sized pen needle accounted for the largest market in 2015. These types of needles are most commonly prescribed to all patients including the overweight people suffering from the target disease. Needle length of 4mm is anticipated to witness attractive CAGR over the forecast period owing to its short length. Shortest and thinnest needles are increasingly being used by patients due to a greater comfort level offered by them as compared to injections. Moreover, their short layer helps reach the subcutaneous tissue of the patients easily.
On the basis of therapy type, the pen needles market has been segmented into insulin, GLP-1, and growth hormone. The insulin therapy segment dominated the market in 2015 and is also expected to showcase lucrative growth over the forecast period. This is due to the increasing awareness about the self-administration of insulin therapy amongst type 1 and type 2 diabetes patients. GLP-1 therapy is also expected to exhibit significant growth in the near future. This is due to its capability to minimize the blood glucose level amongst patients suffering from type 2 diabetes. In addition, Novo Nordisk is also focusing on the expansion of GLP-1 market.
Germany pen needles market share, by therapy, 2015 (%)
In 2015, Europe dominated the market due to its rising prevalence of the target disease in this region. Moreover, the U.K. government is also taking initiatives to invest in diabetes care and research in order to improve treatment techniques for diabetic patients. Asia Pacific is projected to witness an attractive growth rate over the forecast period. This is primarily due to the rising awareness about the availability of the latest technological devices for diabetes care.
Some of the key players in the market comprise Novo Nordisk A/S, Becton, Dickinson and Company, TERUMO CORPORATION, Owen Mumford Ltd., Ypsomed, B. Braun Melsungen AG, HTL-STREFA, UltiMed, Inc., Allison Medical, Inc., and Artsana S.p.a. The key companies are engaged in new product development through the introduction of improved technology, regional expansion, and mergers & acquisitions in order to target the unmet need for diabetic patients. For instance, in 2013, Becton, Dickinson, and Company launched BD Autoshield Duo Safety Pen Needle in the U.K. and Ireland, which helps in minimizing needlestick injuries.
Attribute |
Details |
Base year for estimation |
2016 |
Actual estimates/Historical data |
2014 - 2016 |
Forecast period |
2017 - 2025 |
Market representation |
Revenue in USD Million & CAGR from 2016 to 2025 |
Regional scope |
North America, Europe, Asia Pacific, Latin America & MEA |
Country scope |
The U.S., Canada, The U.K., Germany, Japan, India, China, Brazil, Mexico, South Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
15% free customization scope (equivalent to 5 analyst working days) |
If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global pen needles market on the basis of product, needle length, therapy, and region:
Product Outlook (Revenue, USD Million; 2014 - 2025)
Standard Pen Needles
Safety Pen Needles
Needle Length Outlook (Revenue, USD Million; 2014 - 2025)
4mm
5mm
6mm
8mm
10mm
12mm
Therapy Outlook (Revenue, USD Million; 2014 - 2025)
Insulin
Glucagon-like-Peptide-1 (GLP-1)
Growth Hormone
Regional Outlook (Revenue, USD Million; 2014 - 2025)
North America
The U.S.
Canada
Europe
Germany
The U.K.
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
MEA
South Africa
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