The Global Lancet and Pen Needles Market is expected to be around US$ 11600 Million by 2028 a CAGR of 10%
Pen needles are utilized in conjunction with injection pens to deliver injectable medications into the body. Needle technology has modified over the past decades. A few years ago home use syringe needles were large, and had to be sterilized and sharpened by hand by patients themselves. Today’s pen needles are built and manufactured for greater comfort and simple use with electro-polishing for needle smoothness; thin, fine point tips for ease in penetration; lubrication for less friction and additional glide; plastic caps for safety; and individual wrapping for sterility. Injection pen and pen needles are an alternative drug delivery method to the normal vial/syringe method.
Factors like increasing geriatric population and growing health care expenditure along with favorable government policies are projected to boost the market growth throughout the forecast amount. However, the need to remove the pin after a single use and high cost as compared to the insulin vials might restrain the market growth during the forecast amount.
Market Insights
The global Lancet and Pen Needles market is segregated on the basis of Gauge as 17/18G, 21G, 23G, 25G, 28G, and 30G. Based on Needle Length the global Lancet and Pen Needles market is segmented in 4mm, 8mm, and 12mm. Based on Therapy the global Lancet and Pen Needles market is segmented in Insulin and Growth Hormones.
Based on End Users, the global Lancet and Pen Needles market is segmented in Clinics, Hospitals, and Medical Institutions.
The global Lancet and Pen Needles market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Lancet and Pen Needles market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Becton, Dickinson and Company, Novo Nordisk, Ypsomed Holding AG, B. Braun Melsungen AG, HTL-Strefa S.A, Terumo Corporation, Artsana S.p.a, Owen Mumford Ltd, Allison Medical, and others are among the major players in the global Lancet and Pen Needles market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Lancet and Pen Needles Market has been segmented as below:
Lancet and Pen Needles Market, By Gauge
Lancet and Pen Needles Market, By Needle Length
Lancet and Pen Needles Market, By Therapy
Lancet and Pen Needles Market, By End Users
Lancet and Pen Needles Market, By Region
Lancet and Pen Needles Market, By Company
The report covers:
Report Scope:
The global Lancet and Pen Needles market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Lancet and Pen Needles market share. Major industry players with significant revenue share include Becton, Dickinson and Company, Novo Nordisk, Ypsomed Holding AG, B. Braun Melsungen AG, HTL-Strefa S.A, Terumo Corporation, Artsana S.p.a, Owen Mumford Ltd, Allison Medical, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Lancet and Pen Needles Market, By Gauge
5.1 Introduction
5.2 17/18G
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 21G
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 23G
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 25G
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 28G
5.6.1 Market Overview
5.6.2 Market Size and Forecast
5.7 30G
5.7.1 Market Overview
5.7.2 Market Size and Forecast
6. Lancet and Pen Needles Market, By Needle Length
6.1 Introduction
6.2 4mm
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 8mm
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 12mm
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7. Lancet and Pen Needles Market, By Therapy
7.1 Introduction
7.2 Insulin
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Growth Hormones
7.3.1 Market Overview
7.3.2 Market Size and Forecast
8. Lancet and Pen Needles Market, By End Users
8.1 Introduction
8.2 Clinics
8.2.1 Market Overview
8.2.2 Market Size and Forecast
8.3 Hospitals
8.3.1 Market Overview
8.3.2 Market Size and Forecast
8.4 Medical Institutions
8.4.1 Market Overview
8.4.2 Market Size and Forecast
9. Lancet and Pen Needles Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 North America Lancet and Pen Needles, By Gauge
9.2.2 North America Lancet and Pen Needles, By Needle Length
9.2.3 North America Lancet and Pen Needles, By Therapy
9.2.4 North America Lancet and Pen Needles, By End Users
9.3 Europe
9.3.1 Europe Lancet and Pen Needles, By Gauge
9.3.2 Europe Lancet and Pen Needles, By Needle Length
9.3.3 Europe Lancet and Pen Needles, By Therapy
9.3.4 Europe Lancet and Pen Needles, By End Users
9.4 Asia-Pacific
9.4.1 Asia-Pacific Lancet and Pen Needles, By Gauge
9.4.2 Asia-Pacific Lancet and Pen Needles, By Needle Length
9.4.3 Asia-Pacific Lancet and Pen Needles, By Therapy
9.4.4 Asia-Pacific Lancet and Pen Needles, By End Users
9.5 Rest of the World
9.5.1 Rest of the World Lancet and Pen Needles, By Gauge
9.5.2 Rest of the World Lancet and Pen Needles, By Needle Length
9.5.3 Rest of the World Lancet and Pen Needles, By Therapy
9.5.4 Rest of the World Lancet and Pen Needles, By End Users
10. Competitive Insights
10.1 Key Insights
10.2 Company Market Share Analysis
10.3 Strategic Outlook
10.3.1 Mergers & Acquisitions
10.3.2 New Product Development
10.3.3 Portfolio/Production Capacity Expansions
10.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5 Others
11. Company Profiles
11.1 Becton
11.1.1 Company Overview
11.1.2 Product/Service Landscape
11.1.3 Financial Overview
11.1.4 Recent Developments
11.2 Dickinson and Company
11.2.1 Company Overview
11.2.2 Product/Service Landscape
11.2.3 Financial Overview
11.2.4 Recent Developments
11.3 Novo Nordisk
11.3.1 Company Overview
11.3.2 Product/Service Landscape
11.3.3 Financial Overview
11.3.4 Recent Developments
11.4 Ypsomed Holding AG
11.4.1 Company Overview
11.4.2 Product/Service Landscape
11.4.3 Financial Overview
11.4.4 Recent Developments
11.5 B. Braun Melsungen AG
11.5.1 Company Overview
11.5.2 Product/Service Landscape
11.5.3 Financial Overview
11.5.4 Recent Developments
11.6 HTL-Strefa S.A
11.6.1 Company Overview
11.6.2 Product/Service Landscape
11.6.3 Financial Overview
11.6.4 Recent Developments
11.7 Terumo Corporation
11.7.1 Company Overview
11.7.2 Product/Service Landscape
11.7.3 Financial Overview
11.7.4 Recent Developments
11.8 Artsana S.p.a
11.8.1 Company Overview
11.8.2 Product/Service Landscape
11.8.3 Financial Overview
11.8.4 Recent Developments
11.9 Owen Mumford Ltd
11.9.1 Company Overview
11.9.2 Product/Service Landscape
11.9.3 Financial Overview
11.9.4 Recent Developments
11.10 Allison Medical
11.10.1 Company Overview
11.10.2 Product/Service Landscape
11.10.3 Financial Overview
11.10.4 Recent Developments
The Lancet and Pen Needles Market has been segmented as below:
Lancet and Pen Needles Market, By Gauge
Lancet and Pen Needles Market, By Needle Length
Lancet and Pen Needles Market, By Therapy
Lancet and Pen Needles Market, By End Users
Lancet and Pen Needles Market, By Region
Lancet and Pen Needles Market, By Company
