Pen needles market

Pen Needles Market, by Needle Lengths (4mm, 5mm, 6mm, 8mm, 10mm, 12mm), Types (Safety, Standard), Applications (Glucagon-like Peptide-1, Growth Hormone, Insulin) – Global Market Size and Forecast to 2022

November 2016

1

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 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

5

6

Premium Industry Trends .....................................................................................................21 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

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3.4.1

INDUSTRY ANALYSIS......................................................................................................................22

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3.3.1

4.1

Value Chain Analysis .............................................................................................................22

4.2

Regulatory Landscape ...........................................................................................................23

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

PEN NEEDLES MARKET, BY TYPES .................................................................................................36

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6.2

Global Pen Needles Market, By Types ..................................................................................36

6.2.1

Safety Pen Needles .......................................................................................................37

6.2.2

Standard Pen Needles...................................................................................................39

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

PEN NEEDLES MARKET, BY REGIONS ............................................................................................48 Segment Share ......................................................................................................................48

8.2

Global Pen Needles Market, By Regions...............................................................................49

8.3

North America.......................................................................................................................50

8.3.1

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8.1

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

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Segment Share ......................................................................................................................36

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

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6.1

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 8.6.1.1

Latin America ............................................................................................................79

8.6.1.2

Middle East and Africa ..............................................................................................80 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

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8.6.2

KEY MARKET PLAYERS ...................................................................................................................85 9.1

BECTON, DICKINSON AND COMPANY...................................................................................85 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 9.2

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9.1.1

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Pen Needles Market in RoW, By Regions......................................................................78

Recent Developments...................................................................................................85

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

9.2.3 9.3

Recent Developments...................................................................................................87

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 9.3.3 9.4

Product Innovations..................................................................................................89 Recent Developments...................................................................................................89

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

9.4.3 9.5

Recent Developments...................................................................................................91

Eli Lilly and Company ............................................................................................................93

9.5.1

Overview .......................................................................................................................93

9.5.2

Key Strategies................................................................................................................93 Focus on Product Innovation ....................................................................................93

9.5.2.2

Strategic Acquisitions to Expand their Capabilities ..................................................93

9.6

Recent Development ....................................................................................................93

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9.5.2.1

B. Braun Melsungen AG. .......................................................................................................95 Overview .......................................................................................................................95

9.6.2

Key Strateies..................................................................................................................95 Product Innovation ...................................................................................................95

9.6.2.2

Strategic Acquisition, Collaborations and Partnerships............................................95

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9.6.2.1

9.6.3 9.7

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9.6.1

Recent Developments...................................................................................................95

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

9.7.1

Overview .......................................................................................................................97

9.7.2

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

9.7.2.1 9.7.3 9.8

Strategic Acquisitions, Collaborations and Partnerships ..........................................97 Recent Developments...................................................................................................97

LDI, Ltd. (UltiMed, Inc.) .........................................................................................................99

9.8.1

Overview .......................................................................................................................99

9.8.2

Key Strategies................................................................................................................99

9.8.2.1 9.8.3 9.9

Strategic Acquisition .................................................................................................99 Recent Development ....................................................................................................99

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 9.9.3 9.10

Focus on Product Innovations.................................................................................100 Recent Developments.................................................................................................100

Investindustrial (Artsana S.p.a.)..........................................................................................101

9.10.1

Overview .....................................................................................................................101

9.10.2

Key Strategies..............................................................................................................101

9.10.2.1 9.10.3

Strategic Acquisitions, Collaborations and Partnerships ....................................101

Recent Developments.................................................................................................101

10 SCALAR 360 DEGREE MARKET PERSPECTIVE ..............................................................................102

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11 APPENDIX ....................................................................................................................................103

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List of Tables 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 6.

Global 5mm Pen Needles Market Size (US$ billion), By Regions (2014 – 2022)...............29

Table 7.

Global 6mm Pen Needles Market Size (US$ billion), By Regions (2014 – 2022)...............30

Table 8.

Global 8mm Pen Needles Market Size (US$ billion), By Regions (2014 – 2022)...............32

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

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Table 1.

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Table 16. Global Pen Needles for Glucagon-like Peptide-1 Market Size (US$ billion), By Regions (2014 – 2022) ........................................................................................................................................45 Table 17.

2022)

Global Pen Needles for Growth Hormone Market Size (US$ billion), By Regions (2014 – 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.

2022)

Pen Needles Market in North America, Market Size (US$ billion), By Regions (2014 – 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.

2022)

Pen Needles Market in North America, Market Size (US$ billion), By Applications (2014 – 58

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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.

2022)

Pen Needles Market in Rest of Europe, Market Size and Annual Growth Rate (2015 – 63

Table 32.

2022)

Pen Needles Market in Europe, Market Size (US$ billion), By Needle Lengths (2014 – 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.

2022)

Pen Needles Market in Rest of Asia-Pacific, Market Size and Annual Growth Rate (2015 – 72

Table 41.

2022)

Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Needle Lengths (2014 – 73

Table 42.

Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Types (2014 – 2022)..74

Table 43.

2022)

Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Applications (2014 – 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.

2022)

Pen Needles Market in Latin America, Market Size and Annual Growth Rate (2015 – 79

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Table 26.

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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Pen Needles Market Snapshot........................................................................................102

Table 52.

List of Acronyms..............................................................................................................103

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Table 51.

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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 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 12.

Global 6mm Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022........31

Figure 13.

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

Figure 14.

Global 8mm Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022........32

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 2022 39

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 2022 43

Figure 28.

Global Pen Needles for Insulin Market Size (US$ billion), By Regions, 2016 and 2022 43

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Figure 10.

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Figure 29.

Global Pen Needles for Glucagon-like Peptide-1 Market, Segment Share (%) By Regions, 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 Global Pen Needles for Growth Hormone Market Size (US$ billion), By Regions, 2016 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 2022 51

Figure 36.

2022

Pen Needles Market in North America, Market Size (US$ billion), By Regions, 2016 and 52

Figure 37. and 2022

Pen Needles Market in North America, Segment Share (%) By Needle Lengths, 2016 54

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Figure 32. and 2022

Figure 38.

Pen Needles Market in North America, Market Size (US$ billion), By Needle Lengths, 2016 and 2022 ......................................................................................................................................55 Pen Needles Market in North America, Segment Share (%) By Types, 2016 and 2022 56

Figure 40.

2022

Pen Needles Market in North America, Market Size (US$ billion), By Types, 2016 and 57

Figure 41.

2022

Pen Needles Market in North America, Segment Share (%) By Applications, 2016 and 57

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Figure 39.

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 2022 61

Figure 45.

Pen Needles Market in Europe, Segment Share (%) By Needle Lengths, 2016 and 2022 63

Figure 46.

2022

Pen Needles Market in Europe, Market Size (US$ billion), By Needle Lengths, 2016 and 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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Pen Needles Market in Europe, Market Size (US$ billion), By Applications, 2016 and 67

Figure 51.

Pen Needles Market in Asia-Pacific, Segment Share (%) By Regions, 2016 and 2022..69

Figure 52.

2022

Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Regions, 2016 and 70

Figure 53.

2022

Pen Needles Market in Asia-Pacific, Segment Share (%) By Needle Lengths, 2016 and 72

Figure 54. and 2022

Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Needle Lengths, 2016 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 2022 75

Figure 57.

2022

Pen Needles Market in Asia-Pacific, Segment Share (%) By Applications, 2016 and 75

Figure 58. and 2022

Pen Needles Market in Asia-Pacific, Market Size (US$ billion), By Applications, 2016 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.

2022

Pen Needles Market in RoW, Market Size (US$ billion), By Needle Lengths, 2016 and 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.

2022

Pen Needles Market in RoW, Market Size (US$ billion), By Applications, 2016 and 84

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Figure 50.

2022

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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

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report is commercially available pen needles that are used for administration of glucagon-like peptide-1, growth hormone and insulin.The report segments the

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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

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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

Top-down Global Market Size

Global Market Size

Market-specific Revenues of Key Players

Segment-specific Market Size

Regional Total Revenues of Key Players

Market Size

Bottom-up

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Source: Scalar Market Research Analysis

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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

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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

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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.

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1.3 Market Segmentation Figure 2. Global Pen Needles Market Segmentation Global Pen Needles Market

By Needle Lengths

By Types

By Applications

By Regions

4mm

Safety Pen Needles

Glucagon-like Peptide-1

5mm

Standard Pen Needles

Growth Hormone

U.S.

Germany

China

Latin America

Insulin

Rest of North America

U.K.

Japan

Middle East and Africa

France

India

6mm

North America

Asia-Pacific

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8mm

Europe

Rest of Europe

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10mm

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Source: Scalar Market Research Analysis

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12mm

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Rest of AsiaPacific

RoW

2 EXECUTIVE SUMMARY Table 1.

Global Pen Needles Market Snapshot Market Size (US$ billion)

Global Pen Needles Market

2016 1.48

Total

2022 2.82

4mm 5mm

Needle Lengths

Standard Pen Needles

10mm 12mm

Glucagon-like Peptide-1 Growth Hormone Insulin North America

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Europe Asia-Pacific RoW

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Regions

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Safety Pen Needles

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Applications

8mm

Types

6mm

Source: Scalar Market Research Analysis

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CAGR% (2016 – 2022) 11.4

3 MARKET DYNAMICS 3.1 Drivers Table 2.

Global Pen Needles Market Drivers Drivers

2014-16

2017-19

2020-22

High 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 the last twenty years. The global prevalence of people with diabetes is estimated to rise to 366 million in 2030.

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Note:

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Source: Scalar Market Research Analysis

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In the developed regions, the incidence of diabetes has been rising for several decades. The major factor propelling its growth include exponential increase in the obesity rate. Over the past few years, the same trend if being observed in the emerging countries with major prevalence rate increases in countries like China and India.

● Very High Impact, ◕ High Impact, ◑ Medium Impact, ◔ Low Impact

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◕

● ◔

3.2 Restraints Table 3.

Global Pen Needles Market Restraints Restraints

2014-16

High costs associated with pen needles

For instance, The cost of Humira pen is $873.00 that includes the discount obtained from Blue Cross / Blue Shield. As per the data by Elsevier’s Gold Standard Drug Database, a pack of two EpiPens cost around $600.

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Source: Scalar Market Research Analysis

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● Very High Impact, ◕ High Impact, ◑ Medium Impact, ◔ Low Impact

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Note:

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2017-19

2020-22

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4 INDUSTRY ANALYSIS 4.1 Value Chain Analysis Figure 3. Global Pen Needles Value Chain Analysis Hospitals

Clinics Raw Material & Sub-component Suppliers

OEMs & System Integrators

Pen Needles Manufacturers

End-users

Research Organizations

Pharmacies

High level of Integration

Patients

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Source: Scalar Market Research Analysis

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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 Share

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Figure 5. Global Pen Needles Market,Segment Share (%) By Needle Lengths, 2016 and 2022

5.8%

2022

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2016

4.3%

8.4%

12.5%

6.5%

M

14.7%

10.1%

4mm

5mm

6mm

8mm

10mm

12mm

7.0%

SA

24.9%

26.3% 39.7%

39.7%

Source: Scalar Market Research Analysis

24

5.2 Global Pen Needles Market, By Needle Lengths Table 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

E

Source: Scalar Market Research Analysis

PL

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

M

period. This segment is expected to grow at a CAGR of XX% between 2016 and

SA

2022.

Market Size (US$ billion)

Figure 6. Global Pen Needles Market Size (US$ billion), By Needle Lengths, 2016 and 2022 1.12

0.74 0.59

0.29 0.12

4mm

0.37

0.35 0.22

0.20 0.10

5mm

6mm

8mm

2016 Source: Scalar Market Research Analysis

25

2022

10mm

0.12 0.09

12mm

5.2.1 4mm Pen Needles Figure 7. Global 4mm Pen Needles Market,Segment Share (%) By Regions, 2016 and 2022 2016

2022

11.2%

North America

12.7%

13.1% 40.6%

36.8%

Europe

16.7%

Asia-Pacific

35.1%

E

Source: Scalar Market Research Analysis

Regions

2014

2015

Asia-Pacific Rest of the World Total

2017

2018

2019

2020

2021

2022

CAGR% (2016 – 2022)

SA

North America Europe

2016

PL

Global 4mm Pen Needles Market Size (US$ billion), By Regions (2014 – 2022)

M

Table 5.

RoW

33.8%

Source: Scalar Market Research Analysis

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.

26

Figure 8. Global 4mm Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022

Market Size (US$ billion)

0.11

0.05

0.10

0.05

0.04

0.04 0.02

North America

Europe

Asia-Pacific 2016

SA

M

PL

E

Source: Scalar Market Research Analysis

2022

27

0.01

RoW

6 PEN NEEDLES MARKET, BY TYPES 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 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 Share

E

Figure 19. Global Pen Needles Market, Segment Share (%) By Types, 2016 and 2022 2022

PL

2016

Safety Pen Needles

44.5%

48.2%

M

51.8%

Standard Pen Needles

SA

55.5%

Source: Scalar Market Research Analysis

6.2 Global Pen Needles Market, By Types Table 11. Global Pen Needles Market Size (US$ billion), By Types (2014 – 2022) Types

2014

2015

2016

2017

Safety Pen Needles Standard Pen Needles Total Source: Scalar Market Research Analysis

36

2018

2019

2020

2021

2022

CAGR% (2016 – 2022)

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 1.46

Market Size (US$ billion)

1.36

0.82

Safety Pen Needles

PL

E

0.66

Standard Pen Needles

2022

SA

Source: Scalar Market Research Analysis

M

2016

6.2.1 Safety Pen Needles

Figure 21. Global Safety Pen Needles Market, Segment Share (%) By Regions, 2016 and 2022 2016

2022 North America

16.3%

18.0% 29.4%

33.0%

Europe

17.9% Asia-Pacific

21.9%

30.7%

32.7%

Source: Scalar Market Research Analysis

37

RoW

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 Source: Scalar Market Research Analysis

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

E

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

PL

the forecast period. This segment is expected to grow at a CAGR of XX% between 2016 and 2022.

SA

M

Figure 22. Global Safety Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022

Market Size (US$ billion)

0.40

0.22

0.42

0.30 0.24

0.22

0.12

North America

Europe

Asia-Pacific 2016

Source: Scalar Market Research Analysis

38

2022

0.11

RoW

7 PEN NEEDLES MARKET, BY APPLICATIONS 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 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 Share

E

Figure 25. Global Pen Needles Market, Segment Share (%) By Applications, 2016 and 2022 2022

PL

2016 9.9%

Insulin

10.7%

11.5%

11.8%

SA

M

Glucagon-like Peptide-1

Growth Hormone

77.5%

78.7%

Source: Scalar Market Research Analysis

7.2 Global Pen Needles Market, By Applications Table 14. Global Pen Needles Market Size (US$ billion), By Applications (2014 – 2022) Applications

2014

2015

2016

2017

Insulin Glucagon-like Peptide-1 Growth Hormone Total Source: Scalar Market Research Analysis

41

2018

2019

2020

2021

2022

CAGR% (2016 – 2022)

Insulin is the largest application segment of the global pen needles market. This segment is expected to be valued at US$ XX billion in 2016. On the other hand, 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 and 2022

PL 0.17

Insulin

Glucagon-like Peptide-1 2016

SA

Source: Scalar Market Research Analysis

0.33

E

1.16

M

Market Size (US$ billion)

2.19

42

2022

0.15

0.30

Growth Hormone

7.2.1 Insulin Figure 27. Global Pen Needles for Insulin Market, Segment Share (%) By Regions, 2016 and 2022 2016

2022 North America

16.5%

18.3% 29.9%

33.7%

Europe

17.7% Asia-Pacific

21.8%

RoW

30.1%

32.1%

Source: Scalar Market Research Analysis

2014

2015

2016

North America

2018

2019

2020

2021

2022

CAGR% (2016 – 2022)

M

Europe Asia-Pacific

SA

Rest of the World Total

2017

PL

Regions

E

Table 15. Global Pen Needles for Insulin Market Size (US$ billion), By Regions (2014 – 2022)

Source: Scalar Market Research Analysis

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

Figure 28. Global Pen Needles for Insulin Market Size (US$ billion), By Regions, 2016 and 2022

43

0.66

Market Size (US$ billion)

0.65

0.48 0.39

0.40

0.37

0.21

North America

Europe

Asia-Pacific 2016

2022

SA

M

PL

E

Source: Scalar Market Research Analysis

44

0.19

RoW

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 fastestgrowing 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

PL

E

Middle East and Africa.

8.1 Segment Share

Figure 33. Global Pen Needles Market,Segment Share (%) By Regions, 2016 and 2022 2022

M

2016 15.8%

North America

17.5% 30.8%

17.1%

SA

34.6%

Europe

21.1%

Asia-Pacific

30.6%

32.5%

Source: Scalar Market Research Analysis

48

RoW

8.2 Global Pen Needles Market, By Regions Table 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 Source: Scalar Market Research Analysis

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

E

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

PL

period. This segment is expected to grow at a CAGR of XX% between 2016 and

M

2022.

Figure 34. Global Pen Needles Market Size (US$ billion), By Regions, 2016 and 2022

SA

Market Size (US$ billion)

0.87

0.51

0.86

0.59 0.50

0.48

0.25

North America

Europe

Asia-Pacific 2016

Source: Scalar Market Research Analysis

49

2022

0.23

RoW

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 Market Size (US$ billion)

Pen Needles Market in North America Total

2016

2022

CAGR% (2016 – 2022)

0.51

0.87

9.2

E

4mm

PL

5mm

8mm

12mm

Standard Pen Needles

Growth Hormone

Regions

Types

SA

Safety Pen Needles

M

10mm

Applications

Needles Lengths

6mm

Glucagon-like Peptide-1

Insulin U.S. Rest of North America

Source: Scalar Market Research Analysis

50

8.3.1 Pen Needles Market in North America, By Regions Figure 35. Pen Needles Market in North America, Segment Share (%) By Regions, 2016 and 2022 2016

2022

18.9%

20.7%

U.S.

Rest of North America

79.3%

81.1%

E

Source: Scalar Market Research Analysis

Regions

2014

2015

2016

2017

2018

2019

2020

2021

2022

CAGR% (2016 – 2022)

M

U.S.

PL

Table 20. Pen Needles Market in North America, Market Size (US$ billion), By Regions (2014 – 2022)

Rest of North America

SA

Total Source: Scalar Market Research Analysis

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.

51

Figure 36. Pen Needles Market in North America, Market Size (US$ billion), By Regions, 2016 and 2022

Market Size (US$ billion)

0.69

0.42

0.18 0.10

U.S.

Rest of North America 2016

SA

M

PL

E

Source: Scalar Market Research Analysis

2022

52

11 APPENDIX Table 52. List of Acronyms Acronym

Expansion 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

SA

M

PL

E

RoW

103