Pen needles are commonly used by people with diabetes who need to inject insulin on a regular basis. They consist of a thin needle that is attached to a plastic or metal hub, and they come in different sizes and lengths to accommodate various injection sites and skin types. There are several benefits to using pen needles for insulin injections. They are more convenient and discreet than traditional syringes, and they typically cause less pain and discomfort during injection. Pen needles also allow for more accurate dosing, which is important for people with diabetes who need to carefully manage their blood sugar levels. The global pen needles market was estimated at USD 1,267.0 million in 2022 and is expected to hit USD 1,953.4 million by 2029, registering a CAGR of 6.38% from 2023 to 2029 as per the latest market estimates.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global pen needles market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, length, therapy, distribution channel, and region. The global market for pen needles can be segmented by product: safety pen needles, standard pen needles. The standard pen needles segment is estimated to account for the largest share of the global pen needles market. Pen needles market is further segmented by length: long needles, short needles. The short needles segment held the largest revenue share in 2022. Based on therapy, the pen needles market is segmented into: insulin, non-insulin. Globally, the insulin segment made up the largest share of the pen needles market. On the basis of distribution channel, the pen needles market also can be divided into: online, retail. The retail segment was the largest contributor to the global pen needles market in 2022. Pen needles market by region is categorized into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America.

Market Segmentation
By product: safety pen needles, standard pen needles
By length: long needles, short needles
By therapy: insulin, non-insulin
By distribution channel: online, retail
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The market research report covers the analysis of key stake holders of the global pen needles market. Some of the leading players profiled in the report include B. Braun Melsungen AG, Becton, Dickinson and Company, Lepu Medical Technology ( Beijing ) Co., Ltd., Nipro Corporation, Novo Nordisk A/S, Owen Mumford Ltd., Shanghai Kindly Enterprise Development Group Co., Ltd., Sinocare Inc., Terumo Corporation, Ypsomed AG, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global pen needles market.
• To classify and forecast the global pen needles market based on product, length, therapy, distribution channel, region.
• To identify drivers and challenges for the global pen needles market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global pen needles market.
• To identify and analyze the profile of leading players operating in the global pen needles market.

Why Choose This Report
• Gain a reliable outlook of the global pen needles market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.