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How has the pen needles market grown in recent years?

The market size for pen needles has experienced swift expansion in the past few years. It is predicted to surge from $2.42 billion in 2024 to $2.71 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.0%. The substantial growth during the historic timeframe can be credited to certain factors such as the development of the insulin pen, the emergence of miniaturization technology, a drive towards patient comfort, improvement in needle design and the implementation of safety features.

How is the pen needles market size expected to evolve during the forecast period?

The market for pen needles is anticipated to experience accelerated growth in the upcoming years, with its value increasing to $4.21 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 11.6%. A variety of factors contribute to this projected growth during the forecast period, including the ability to use these needles with several types of insulin pens, options for customization, advancements in material technology, incorporation of digital health solutions, and adherence to regulatory guidelines and standards. Noteworthy trends during this period are expected to be the development of easy-to-use designs, enhancements of needle coatings, use of eco-friendly materials, and the integration of smart technology.

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Which key drivers are propelling the pen needles market’s growth?

The surge in diabetes cases is projected to fuel the expansion of the pen needles market in the future. Diabetes, characterized by elevated blood sugar levels due to insufficient insulin production or inefficient insulin use by the body, remains a chronic health concern. The surge in diabetes cases can be traced back to factors such as inactive lifestyles, poor diet habits, genetic susceptibility, urbanization, and aging population, further exacerbated by restricted healthcare access and increasing global obesity rates. Pen needles are essential in managing diabetes, facilitating accurate insulin administration via easy, minimally invasive injections, encouraging improved blood sugar regulation, and boosting patient adherence. For instance, the International Diabetes Federation, based in Belgium, forecasted in 2021 that the estimated number of people with diabetes is anticipated to rise to 643 million by 2030 and 783 million by 2045. Therefore, the mounting prevalence of diabetes is spurring the advancement of the pen needles market.

What are the market segments in the pen needles industry?

The pen needles market covered in this report is segmented –

1) By Type: Standard Pen Needles, Safety Pen Needles

2) By Needle Length: Short Length Pen Needles, Medium Length Pen Needles, Long Length Pen Needles

3) By Therapy: Insulin, Glucagon-like-Peptide-1 (GLP-1), Growth Hormone

4) Mode Of Purchase: Retail, Non-Retail

5) By End User: Hospitals And Clinics, Home Healthcare, Other End Users

Subsegments:

1) By Standard Pen Needles: Fixed-Needle Pen Needles, Removable-Needle Pen Needles, Short Pen Needles ( 4mm, 5mm), Long Pen Needles ( 8mm, 12mm)

2) By Safety Pen Needles: Automatic Safety Pen Needles, Manual Safety Pen Needles, Retractable Safety Pen Needles, Shielded Safety Pen Needles

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Which leading companies are shaping the growth of the pen needles market?

Major companies operating in the pen needles market are Cardinal Health Inc., Novartis AG, F. Hoffmann-La Roche AG, Novo Nordisk AS, Becton, Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Artsana Group, Embecta Corp., Tandem Diabetes Care Inc., Trividia Health Inc., Medical Technology and Devices S.p.A., Owen Mumford, Dynarex Corporation, Arkray Inc., UltiMed Inc., Montmed Inc., Bio-Med HealthCare Products Pvt. Ltd., Allison Medical Inc., GlucoRx Ltd., Simple Diagnostics Inc., Stat Medical Inc., HTL-STREFA S.A., Hindustan Syringes & Medical Devices Ltd.

What emerging trends are influencing the growth of the pen needles market?

Leading firms in the pen needle industry are putting their efforts towards devising innovative technologies, like thin-wall technology, to minimize the requirement for pressure during injections. This technology expands the needle’s internal diameter ensuring quicker flow of medication with less injection pressure, thus enhancing the comfort of patients. For example, Roche Diabetes Care Ltd., a medical company hailing from Switzerland, introduced ACCU-FINE pen needles in May 2022, a product designed to deliver insulin with little to no pain. The design of ACCU-FINE needles encompasses a special cut for gentle insertion and a unique coating for smooth skin penetration. Such features reduce discomfort during injection procedures. The thin-walled needles allow swifter flow of insulin, guaranteeing effective medication delivery. Each needle is paired with two protective covers – a sealed sterile cap and an additional protective cap – that uphold safe usage and storage. The ACCU-FINE needles are compatible with all popular insulin pens, making them a flexible choice fitting for all users despite the type of their insulin delivery device.

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Which geographic areas are influencing the growth of the pen needles market?

North America was the largest region in the pen needles market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pen needles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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