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Global Pen Needles Market Report on Market Share and Growth Forecast

Global pen needles market is expected to reach USD 2.82 billion by 2021 from USD 1.66 billion in 2016, growing at a CAGR of 11.18% for the next five years 2016-2021

Global pen needles market is expected to reach USD 2.82 billion by 2021 from USD 1.66 billion in 2016, growing at a CAGR of 11.18% for the next five years 2016-2021

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RESEARCH REPORT<br />

JUNE 2017<br />

GLOBAL PEN NEEDLES MARKET<br />

SEGMENTED BY TYPE AND SIZE-INDUSTRY ANALYSIS, SIZE, SHARE,<br />

GROWTH, TRENDS AND FORECASTS 2016-2021


<str<strong>on</strong>g>Global</str<strong>on</strong>g> <str<strong>on</strong>g>Pen</str<strong>on</strong>g> <str<strong>on</strong>g>Needles</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g><br />

According to the report “<str<strong>on</strong>g>Pen</str<strong>on</strong>g> <str<strong>on</strong>g>Needles</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g>”, published by market Data <strong>Forecast</strong>, the global<br />

market is projected to reach USD 2.82 billi<strong>on</strong> by 2021, at a CAGR of 11.18% from 2016 to 2021.<br />

<str<strong>on</strong>g>Pen</str<strong>on</strong>g> needles are used to deliver the medicati<strong>on</strong> (such as insulin or other injectable<br />

medicati<strong>on</strong>s) in combinati<strong>on</strong> with injecti<strong>on</strong> pens. A pen needle comprises of hollow needle<br />

attached to injecti<strong>on</strong> pen. <str<strong>on</strong>g>Pen</str<strong>on</strong>g> needles are available with varied needle lengths <strong>and</strong> are<br />

majorly utilized by diabetes patients.<br />

<str<strong>on</strong>g>Global</str<strong>on</strong>g> pen needles market is expected to witness growth owing to presence of huge diabetic<br />

populati<strong>on</strong>, increasing health care expenditure, existence of favorable reimbursement<br />

policies, growing number of awareness programs <strong>on</strong> diabetes c<strong>on</strong>diti<strong>on</strong>s, <strong>and</strong> advantages of<br />

pen needles over c<strong>on</strong>venti<strong>on</strong>al syringes & vials. In additi<strong>on</strong>, growing technological<br />

advancements <strong>and</strong> increasing dem<strong>and</strong> for advanced insulin delivery devices are further<br />

driving the growth of global pen needles market.<br />

<str<strong>on</strong>g>Global</str<strong>on</strong>g> market for <str<strong>on</strong>g>Pen</str<strong>on</strong>g> <str<strong>on</strong>g>Needles</str<strong>on</strong>g> is segmented <strong>on</strong> the basis of therapy, type, needle length, <strong>and</strong><br />

mode of purchase.<br />

On the basis of Therapy<br />

<br />

<br />

<br />

Insulin Therapy<br />

GLP-1 Therapy<br />

<strong>Growth</strong> Horm<strong>on</strong>e Therapy<br />

On the basis of Type<br />

<br />

<br />

St<strong>and</strong>ard <str<strong>on</strong>g>Needles</str<strong>on</strong>g><br />

Safety <str<strong>on</strong>g>Needles</str<strong>on</strong>g><br />

On the basis of Needle Length<br />

<br />

<br />

<br />

<br />

<br />

4mm<br />

6mm<br />

8mm<br />

10mm<br />

12mm<br />

On the basis of Mode of Purchase<br />

<br />

<br />

Retail<br />

N<strong>on</strong>-retail<br />

On the basis of Geography<br />

<br />

<br />

North America<br />

Europe<br />

+1 888-702-9626 | www.marketdataforecast.com | c<strong>on</strong>tact@marketdataforecast.com


<str<strong>on</strong>g>Global</str<strong>on</strong>g> <str<strong>on</strong>g>Pen</str<strong>on</strong>g> <str<strong>on</strong>g>Needles</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g><br />

<br />

<br />

<br />

Asia-Pacific<br />

Latin America<br />

Middle East & Africa<br />

Bect<strong>on</strong>, Dickins<strong>on</strong> <strong>and</strong> Company (U.S.), Novo Nordisk A/S (Denmark), <strong>and</strong> Ypsomed Holding<br />

AG (Switzerl<strong>and</strong>) are the major players accounting for major share of the global pen needles<br />

market in 2016. Other players include UltiMed, Inc. (U.S.), Allis<strong>on</strong> Medical, Inc. (U.S.), Owen<br />

Mumford, Ltd. (U.K.), B. Braun Melsungen (Germany), Artsana S.p.a. (Italy), HTL-STREFA S.A.<br />

(Pol<strong>and</strong>), <strong>and</strong> Terumo Corporati<strong>on</strong> (Japan), am<strong>on</strong>g others.<br />

TABLE OF CONTENTS<br />

1. Introducti<strong>on</strong><br />

1.1 <str<strong>on</strong>g>Market</str<strong>on</strong>g> Definiti<strong>on</strong><br />

1.2 Study Deliverables<br />

Periods<br />

1.3 Base Currency, Base Year <strong>and</strong> <strong>Forecast</strong><br />

1.4 General Study Assumpti<strong>on</strong>s<br />

2. Research Methodology<br />

2.1 Introducti<strong>on</strong><br />

2.2 Research Phases<br />

2.2.1 Sec<strong>on</strong>dary Research<br />

2.2.2 Primary Research<br />

2.2.3 Ec<strong>on</strong>ometric Modelling<br />

2.2.4 Expert Validati<strong>on</strong><br />

2.3 Analysis Design<br />

2.4 Study Timeline<br />

3. Overview<br />

3.1 Executive Summary<br />

3.2 Key Inferences<br />

3.3 New Developments<br />

+1 888-702-9626 | www.marketdataforecast.com | c<strong>on</strong>tact@marketdataforecast.com


<str<strong>on</strong>g>Global</str<strong>on</strong>g> <str<strong>on</strong>g>Pen</str<strong>on</strong>g> <str<strong>on</strong>g>Needles</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g><br />

For full report refer to http://www.marketdataforecast.com/market-reports/global-penneedles-market-176/<br />

4. Drivers, Restraints, Opportunities, <strong>and</strong> Challenges Analysis (DROC)<br />

4.1 <str<strong>on</strong>g>Market</str<strong>on</strong>g> Drivers<br />

4.2 <str<strong>on</strong>g>Market</str<strong>on</strong>g> Restraints<br />

4.3 Key Challenges<br />

4.4 Current Opportunities in the <str<strong>on</strong>g>Market</str<strong>on</strong>g><br />

Get free sample report at http://www.marketdataforecast.com/market-reports/globalpen-needles-market-176/request-sample<br />

5. <str<strong>on</strong>g>Market</str<strong>on</strong>g> Segmentati<strong>on</strong><br />

5.1 Therapy<br />

5.2 Type<br />

5.1.1 Introducti<strong>on</strong><br />

5.1.2 Insulin Therapy<br />

5.1.3 GLP-1 Therapy <strong>Growth</strong> Horm<strong>on</strong>e Therapy<br />

5.1.4 <strong>Growth</strong> Horm<strong>on</strong>e Therapy<br />

5.2.1 Introducti<strong>on</strong><br />

Request Customizati<strong>on</strong> at http://www.marketdataforecast.com/market-reports/globalpen-needles-market-176/customize-report<br />

5.2.2 St<strong>and</strong>ard Needle<br />

5.2.3 Safety Needle<br />

5.3 Needle Length<br />

5.3.1 Introducti<strong>on</strong><br />

5.3.2 4mm<br />

5.3.3 6mm<br />

5.3.4 8mm<br />

5.3.5 10mm<br />

5.3.6 12mm<br />

+1 888-702-9626 | www.marketdataforecast.com | c<strong>on</strong>tact@marketdataforecast.com


<str<strong>on</strong>g>Global</str<strong>on</strong>g> <str<strong>on</strong>g>Pen</str<strong>on</strong>g> <str<strong>on</strong>g>Needles</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g><br />

5.4 Mode of Purchase<br />

5.4.1 Introducti<strong>on</strong><br />

5.4.2 Retail<br />

5.4.3 N<strong>on</strong>-Retail<br />

6. Geographical Analysis<br />

6.1 North America<br />

Enquire more about the report at http://www.marketdataforecast.com/marketreports/global-pen-needles-market-176/inquire<br />

6.2 Europe<br />

6.1.1 Introducti<strong>on</strong><br />

6.1.2 United States<br />

6.1.3 Canada<br />

6.2.1 Introducti<strong>on</strong><br />

6.2.2 U.K<br />

6.2.3 Spain<br />

6.2.4 Germany<br />

6.2.5 Italy<br />

6.2.6 France<br />

Buy now at http://www.marketdataforecast.com/cart/buy-now/global-pen-needles-market-<br />

176<br />

6.3 Asia-Pacific<br />

6.3.1 Introducti<strong>on</strong><br />

6.3.2 China<br />

6.3.3 India<br />

6.3.4 Japan<br />

6.4 Latin America<br />

6.4.1 Introducti<strong>on</strong><br />

6.4.2 Brazil<br />

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<str<strong>on</strong>g>Global</str<strong>on</strong>g> <str<strong>on</strong>g>Pen</str<strong>on</strong>g> <str<strong>on</strong>g>Needles</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g><br />

6.4.4 Rest of Latin America<br />

6.5 Middle East & Africa<br />

6.5.1 Introducti<strong>on</strong><br />

6.5.2 Middle-East<br />

6.5.3 South Africa<br />

6.5.4 Rest of Middle East & Africa<br />

7. Strategic Analysis<br />

7.1 PESTLE analysis<br />

7.1.1 Political<br />

7.1.2 Ec<strong>on</strong>omic<br />

7.1.3 Social<br />

7.1.4 Technological<br />

7.1.5 Legal<br />

7.1.6 Envir<strong>on</strong>mental<br />

7.2 Porter’s Five analysis<br />

7.2.1 Bargaining Power of Suppliers<br />

7.2.2 Bargaining Power of C<strong>on</strong>sumers<br />

7.2.3 Threat of New Entrants<br />

Services<br />

7.2.4 Threat of Substitute Products <strong>and</strong><br />

7.2.5 Competitive Rivalry within the Industry<br />

8. <str<strong>on</strong>g>Market</str<strong>on</strong>g> Leaders' Analysis<br />

8.1 Bect<strong>on</strong>, Dickins<strong>on</strong> <strong>and</strong> Company (U.S.)<br />

8.1.1 Overview<br />

8.1.2 Product Analysis<br />

Operati<strong>on</strong>s<br />

8.1.3 Strategic Evaluati<strong>on</strong> <strong>and</strong><br />

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<str<strong>on</strong>g>Global</str<strong>on</strong>g> <str<strong>on</strong>g>Pen</str<strong>on</strong>g> <str<strong>on</strong>g>Needles</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g><br />

8.1.4 Financial analysis<br />

8.1.5 Legal issues<br />

8.1.6 Recent Developments<br />

8.1.7 SWOT analysis<br />

8.1.8 Analyst View<br />

8.2 Novo Nordisk A/S (Denmark)<br />

8.3 Ypsomed Holding AG (Switzerl<strong>and</strong>)<br />

8.4 UltiMed, Inc. (U.S.)<br />

8.5 Allis<strong>on</strong> Medical, Inc. (U.S.)<br />

8.6 Owen Mumford, Ltd. (U.K.)<br />

8.7 B. Braun Melsungen (Germany)<br />

8.8 Artsana S.p.a. (Italy)<br />

8.9 HTL-STREFA S.A. (Pol<strong>and</strong>)<br />

8.10 Terumo Corporati<strong>on</strong> (Japan)<br />

9. Competitive L<strong>and</strong>scape<br />

9.1 <str<strong>on</strong>g>Market</str<strong>on</strong>g> share analysis<br />

9.2 Merger <strong>and</strong> Acquisiti<strong>on</strong> Analysis<br />

9.3 Agreements, collaborati<strong>on</strong>s <strong>and</strong> Joint<br />

Ventures<br />

9.4 New Product Launches<br />

10. Expert Opini<strong>on</strong>s<br />

Appendix<br />

10.1 <str<strong>on</strong>g>Market</str<strong>on</strong>g> Outlook<br />

10.2 Investment Opportunities<br />

1. List of Tables<br />

2. List of Figures<br />

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<str<strong>on</strong>g>Global</str<strong>on</strong>g> <str<strong>on</strong>g>Pen</str<strong>on</strong>g> <str<strong>on</strong>g>Needles</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g><br />

SCOPE OF THE REPORT<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<str<strong>on</strong>g>Global</str<strong>on</strong>g>, regi<strong>on</strong>al <strong>and</strong> country-level analysis <strong>and</strong> forecasts of the study market;<br />

providing Insights <strong>on</strong> the major countries/regi<strong>on</strong>s in which this industry is blooming<br />

<strong>and</strong> to also identify the regi<strong>on</strong>s that are still untapped<br />

Segment-level analysis in terms of technology, comp<strong>on</strong>ent, <strong>and</strong> type al<strong>on</strong>g with<br />

market size forecasts <strong>and</strong> estimati<strong>on</strong>s to detect key areas of industry growth in detail<br />

Identificati<strong>on</strong> of key drivers, restraints, opportunities, <strong>and</strong> challenges (DROC) in the<br />

market <strong>and</strong> their impact <strong>on</strong> shifting market dynamics<br />

Study of the effect of exogenous <strong>and</strong> endogenous factors that affect the global<br />

market; which includes broadly demographic, ec<strong>on</strong>omics, <strong>and</strong> political, am<strong>on</strong>g other<br />

macro-envir<strong>on</strong>mental factors presented in an extensive PESTLE Analysis<br />

Study the micro envir<strong>on</strong>ment factors that determine the overall profitability of an<br />

Industry, using Porter’s five forces analysis for analyzing the level of competiti<strong>on</strong> <strong>and</strong><br />

business strategy development<br />

A comprehensive list of key market players al<strong>on</strong>g with their product portfolio, current<br />

strategic interests, key financial informati<strong>on</strong>, legal issues, SWOT analysis <strong>and</strong> analyst<br />

overview to study <strong>and</strong> sustain the market envir<strong>on</strong>ment<br />

Competitive l<strong>and</strong>scape analysis listing out the mergers, acquisiti<strong>on</strong>s, collaborati<strong>on</strong>s in<br />

the field al<strong>on</strong>g with new product launches, comparative financial studies <strong>and</strong> recent<br />

developments in the market by the major companies<br />

An executive summary, abridging the entire report in such a way that decisi<strong>on</strong>-making<br />

pers<strong>on</strong>nel can rapidly become acquainted with background informati<strong>on</strong>, c<strong>on</strong>cise<br />

analysis <strong>and</strong> main c<strong>on</strong>clusi<strong>on</strong>s<br />

Expertly devised analyst overview al<strong>on</strong>g with Investment opportunities to provide<br />

both individuals <strong>and</strong> organizati<strong>on</strong>s a str<strong>on</strong>g financial foothold in the market<br />

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ABOUT US<br />

<str<strong>on</strong>g>Market</str<strong>on</strong>g> Data <strong>Forecast</strong> is a firm working in the areas of market research<br />

<strong>and</strong> business intelligence. We have rich experience in research across<br />

various business domains <strong>and</strong> we cater to the needs of both individual<br />

<strong>and</strong> corporate clients. Our research services assist clients in key<br />

business areas like business process improvement, key decisi<strong>on</strong><br />

making <strong>and</strong> developing appropriate corporate strategy. We are truly<br />

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customized research services of the highest quality.<br />

CONTACT INFORMATION<br />

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