According to Intent Market Research, the pen needles market is expected to increase from USD 1.5 billion in 2023-e to USD 2.7 billion by 2030, with a CAGR of 8.6% over the forecast period (2024-2030).

The report's primary objective is to estimate the present market potential in terms of total addressable market for all categories, sub-segments, and geographies. Throughout the process, all high-growth and emerging technologies were discovered and examined to determine their impact on the existing and future markets. The paper also analyzes key players, business gaps, and purchasing patterns. This knowledge is critical for generating efficient marketing strategies and designing products or services that fulfill the needs of the target market.

Understanding the Pen Needles Industry:

Pen needles are small, disposable needles used in conjunction with insulin pens and other injection devices to deliver medications subcutaneously. They have revolutionized the management of diabetes and other chronic conditions, offering patients a less painful and more convenient alternative to traditional syringes. With an increasing prevalence of diabetes worldwide and a growing emphasis on self-administration of medication, the demand for pen needles has been steadily rising.

Download a Sample Copy of This Report- https://intentmarketresearch.com/contact/ 

Key Players:

·         BD (Becton, Dickinson and Company)

·         Novo Nordisk A/S

·         Ypsomed Holding AG

·         Owen Mumford Ltd.

·         Terumo Corporation

·         UltiMed, Inc.

·         Allison Medical, Inc.

·         Artsana S.p.A. (Pic Solution)

Growth Drivers:

1. Rising prevalence of diabetes: With diabetes emerging as a global epidemic, the demand for insulin and insulin delivery devices, including pen needles, continues to soar.
2. Technological advancements: Continuous innovation in pen needle design, such as shorter and thinner needles, improved safety features, and compatibility with various insulin pens, enhances patient comfort and adherence, driving market growth.
3. Increasing awareness and acceptance: Growing awareness about the benefits of insulin therapy and the importance of proper injection techniques among healthcare professionals and patients fuels the demand for pen needles.
4. Shift towards self-management: The trend towards self-management of chronic conditions, coupled with the convenience and discretion offered by pen needles, further propels market expansion.

Get Free Access of Complete Report: https://intentmarketresearch.com/latest-report/pen-needles-market/

Segmentation:

1. By Needle Length:

• Short (4mm)
• Regular (5mm-8mm)
• Long (10mm-12mm)

• Ultrafine (30G)
• Fine (31G-32G)
• Standard (33G-34G)

• Universal (Compatible with various insulin pens)
• Brand-specific (Designed for a particular insulin pen brand)

• Silicone-coated (For smoother insertion)
• Non-coated

• Beveled tip (For easier penetration)
• Microfine tip (Reduced pain and discomfort)

• Single-use pens
• Multi-use pens

• Stainless steel
• Safety-engineered needles (for needlestick prevention)

About Us:

Intent Research and Advisory is designed to offer unique market insights, with a core focus on sustainable and inclusive growth of our clients. We offer comprehensive market research reports and consulting services to help our clients to take data driven business decisions.

Our market intelligence reports offer fact-based and relevant insights across range of industries including chemicals & materials, healthcare, food & beverage, automotive & transportation, energy & power, packaging, industrial equipment, building & construction, aerospace & defence, semiconductor & electronics to name few.

Our approach is deeply collaborative, working closely with clients to drive transformative change that benefits all stakeholders and have positive impacts. With a strong emphasis on innovation, we’re here to help businesses grow, build sustainable advantages, and bring remarkable changes.

Contact Us:

Address: 1846 E Innovation Park DR Site 100 ORO Valley AZ 85755

Email ID: sales@intentmarketresearch.com

Contact Number: +1 463-583-2713