Pen needles market

1

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


9.3 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


9.4 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


9.5 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


9.7 TERUMO CORPORATION.......................................................................................................97

9.7.1 Overview .......................................................................................................................97

9.7.2 Key Strategies................................................................................................................97

9.7.2.1 Strategic Acquisitions, Collaborations and Partnerships ..........................................97


9.8 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 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 13. Global 8mm Pen Needles Market, Segment Share (%) By Regions, 2016 and 2022 ....31


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


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


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


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


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


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


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


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

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Figure 8. Global 4mm Pen Needles Market Size (US$ billion), By Regions, 2016 and2022


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



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


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


Total


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


6.2.1 Safety Pen NeedlesFigure 21. Global Safety Pen Needles Market, Segment Share (%) By Regions, 2016

and 2022


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


North America is the largest regional segment of the global safety pen needles




2016 and 2022.

Figure 22. Global Safety Pen Needles Market Size (US$ billion), By Regions, 2016 and2022


0.22 0.22

0.12 0.11

0.40 0.42

0.30

0.24


Mar

ket S

ize (U

S$ b

illion

)

2016 2022

SAMPLE

41

7 PEN NEEDLES MARKET, BY APPLICATIONS



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


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


Growth Hormone

Total


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


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


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


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


North America is the largest regional segment of the global pen needles for insulin




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


0.39 0.37

0.21 0.19

0.65 0.66

0.48

0.40


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


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


North America is the largest regional segment of the global pen needles market. This


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


0.51 0.48

0.25 0.23

0.87 0.86

0.59

0.50


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


Appl

icatio

ns


Growth Hormone

Insulin

Regi

ons

U.S.

Rest of North America


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


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


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


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

Business

Pen needles market