Pen Needles Market
                     Pen Needles 
Market To Reach 
USD 2.48 Billion 
By 2026
              Markett  Summary
Increasing elderly populations, rising incidence of obese-related diabetes, and a favorable 
reimbursement scenario are the key factors leading to the burgeoning growth in demand.
Market Size – USD 1.43 Billion in 2018, Market Growth - CAGR of 7.3%, Market Trends – 
Growing incidence of diabetes.
The global pen needles market is forecast to reach USD 2.48 Billion by 2026, according to a new 
report by Reports and Data. Pen needles are used for the drug administration for many diseases 
and are used by both healthcare professionals and patients themselves. They have become 
popularly accepted with the advancements in therapy and a supportive reimbursement 
structure in many nations.
According to the World Health Organization (WHO), from 2015 to 2050, the aged population 
across the globe will be rise from 12% to 22% of the total global population. Owing to this, the 
incidence of target diseases such as chronic diseases and cancer is expected to grow and, in 
return, will boost the demand. An increase in healthcare expenditure across the globe also 
supports the adoption of user-friendly technologies. According to the American Diabetes 
Association, the annual healthcare cost in the U.S. increased by 26% during the last five years 
due to increased diabetes incidences.
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Further key findings from the report suggest
• 4mm pen needles provide equal glycaemic control when compared to longer needles. 4mm 
pen needles have been shown to cause less pain as compared to longer needles, reduce any 
anxiety associated with injection, and provide an overall improved experience, which helps 
people with diabetes adhere more to an insulin injectable therapy program and also 
improves outcomes.
• Retailer segment is primarily driven by consumers falling under the developing regions 
cohort. The rising cases of diabetes is a major driving factor for the manufacturers. 
Companies can tap into these unique market characteristics by building a robust 
distribution system based on retail sales.
• The standard pen needles are used by the healthcare professionals as well as individual 
patients for injecting a variety of medications into the body. These pens are most commonly 
used by people with diabetes who often require multiple dosage of insulin injections daily.
              Markett  Summary
Key Players: 
Becton, Dickinson and Co., B. Braun Melsungen AG, HTL-STREFA S.A., Terumo Corporation, Owen Mumford, 
Novo Nordisk A/S, Ypsomed Holding AG, Allinson Medical, Inc., Artsana S.p.a
Segmentation:
For the purpose of this study, Reports and Data have segmented the Pen Needles market on the basis of type, length, 
therapy, mode of purchase, and region:
Type (Revenue, USD Million; 2016–2026)
• Standard Pen Needles
• Safety Pen Needles
Length (Revenue, USD Million; 2016–2026)
• 4 mm
• 5 mm
• 6 mm
• 8 mm
• 10 mm
• 12 mm
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              Markett  Summary
Therapy (Revenue, USD Million; 2016–2026)
• Insulin Therapy
• Glucagon-Like Peptide-1 ((glp-1) Therapy 
• Growth Hormone Therapy
• Others
Mode of Purchase (Revenue, USD Million; 2016–2026)
• Retail
• Non-Retail
Regional Outlook (Revenue in USD Million; 2016–2026)
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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              The  reportt  emphasiizes  tthe  ffollllowiing  key  questtiions::
Q.1.What are the most lucrative and promising growth prospects for the market?
Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects 
come into play in this advancement?
Q.3.Which geographies are estimated to exhibit the highest growth and the underlying 
causes?
Q.4.Which factors are impacting the future of the market and what are the driving 
factors?
Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast 
period?
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