Pen needles are small, disposable needles used with injection pens for administering medications, such as insulin, growth hormones, and other injectable drugs. These needles attach to the end of an injection pen and deliver the medication subcutaneously (under the skin). Pen needles are designed to be simple, convenient, and less painful for patients, with various lengths and gauges available to accommodate different needs and preferences.
Pen Needles Market Overview
Global Pen Needles Market reached US$ 3.5 billion in 2023 and is expected to reach US$ 8.5 billion by 2031, growing with a CAGR of 11.8% during the forecast period 2024-2031.
The global pen needles market has seen a rise in demand due to the growing number of diabetes patients who commonly use insulin. Manufacturers have introduced various innovative features, such as ultra-thin needles, enhanced safety mechanisms, and improved injection techniques.
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Pen Needles Market Dynamics
Growing Prevalence of Chronic Diseases
The prevalence of chronic diseases such as diabetes, cardiovascular disease, and cancer has significantly increased, driving the demand in the pen needle market. These conditions often require regular drug administration, which is commonly done using pen injectors. Pen injectors have become the standard for injectable drug delivery because they are easy to use and can be administered directly by the patient without external assistance.
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The Pen Needles Market is segmented
By Product Type: Standard Pen Needles, Safety Pen Needles
By Length: 4mm, 5mm, 6mm, 8mm, 10mm, 12mm
By Application: Insulin Therapy, Glucagon-Like Peptide-1, Growth Hormone Therapy, Others
By Distribution Channel: Retail Pharmacy, Hospital Pharmacy, Online Pharmacy
By Region: North America, Europe, South America, Asia Pacific, Middle East, and Africa
Competitive Landscape
· Becton, Dickinson and Company
· Novo Nordisk A/S
· B. Braun Melsungen AG
· Owen Mumford
· Terumo Corporation
· Nipro Corporation
· Allison Medical
· AdvaCare Pharma
· Berpu Medical Technology
· Trividia Health
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