About Insulin Pen Needles
The insulin pen needles are used for conjunction with injection like pens to infuse the medications into the body which is used by diabetic patients with a high level of glucose in the body. The insulin pen needles come embedded in a plastic hub which is attached to the injection pens. They are supposed to be removed after use and are advised not to be used repeatedly. These insulin pen needles are available in a variety of lengths and gauges and used by patients as well as professionals. Although they are mostly used by patients only who often require multiple doses of insulin injections, however, it should be used with proper care and knowledge to avoid pain and safety issues.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Becton, Dickinson, and Company (United States), Novo Nordisk A/S (Denmark), Artsana Group (Italy), B. Braun (Germany), Terumo Corporation (Japan), Montmed Inc. (Canada), Ypsomed Group (Switzerland), Owen Mumford Ltd, (United Kingdom), Pikdare S.p.A (Italy), HTL-STREFA Inc. (Poland), UltiMed Inc. (United States) and Allison Medical Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Shanghai Beipu Medical Co., Ltd (China) and Zhejiang Kindly Medical Devices Co., Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Insulin Pen Needles market by Type (Standard Insulin Pen Needles and Safety Insulin Pen Needles), Application (Home Use, Hospitals and Clinics) and Region.
On the basis of geography, the market of Insulin Pen Needles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Length, the sub-segment i.e. 4 mm will boost the Insulin Pen Needles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Store will boost the Insulin Pen Needles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pen, the sub-segment i.e. Disposable will boost the Insulin Pen Needles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Guage, the sub-segment i.e. 33G will boost the Insulin Pen Needles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Prevalence of Diabetes in Children is Inducing Insulin Pen Needles Market and Technological Advancements in Diabetic Care
Market Growth Drivers:
Rising Number of Diabetic Patients, The Ease of Carrying the Medication and Supplies Need for a Diabetic Patients and Growing Geriatric Population Across the World
Challenges:
Higher Cost of Insulin Pen Needles than the Vial and Syringe Method
Restraints:
Bacterial Issues with reusing of Insulin Pen Needles and Safety Related Risks Associated with Insulin Pen Needles
Opportunities:
Awareness about Diabetic Care will Boost Insulin Pen Needles Market and Rising Spendings on Healthcare Sector
Market Leaders and their expansionary development strategies
On 10th January 2020, Montmed Inc. announced that the United States Patent and Trademark Office has issued US patent 10,485,919 covering the company’s novel technology to help people easily and seamlessly develop and implement healthy injection site rotation practices. The patent covers a various range of marked devices, including the insulin pen needles in combination with a user-defined associations tool allowing the users to create and implement personalized injection site rotation plans and thus reducing the risk of developing lipohypertrophy.
On 14th January 2020, UltiMed, Inc. announced that its patented UltiGuard Safe Pack has been added to the Fear Free, LLC Preferred Product Program. It is the only insulin needle that combines premium quality human-grade syringes with a sharps container.
Key Target Audience
Insulin Pen Needles Manufacturers, Insulin Pen Needles International Traders, Insulin Pen Needles Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers, Hospitals, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.