Pen Needles Market | Size, Growth, Share, Trends To 2032
The global pen needles market was valued at USD 1.78 billion in 2022 and is estimated to reach approximately USD 4.56 billion by 2031, at a CAGR of 11.0% from 2023 to 2031.
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Report Description
Pen needles are crucial parts of insulin pens and other drug delivery systems that make it easier for people to administer medication comfortably and painlessly, especially for those who have diabetes. With its introduction, traditional syringes and vials were replaced with a more user-friendly option, completely changing the way patients maintain their health. Pencil needles were initially quite basic.
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Major Key Players Some of the major players operating in this market are : ￭ ￭ ￭ ￭ ￭
BD (Becton, Dickinson and Company) Novo Nordisk Ypsomed Owen Mumford Terumo Corporation
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Market Segmentation • By Product-Based on product, the global pen needles market is divided into standard & safety pen needles. The safety pen needles-based category dominates the market with the largest revenue share in 2022. • By Needle Length-Based on the needle length, the global pen needles market is categorized into 4mm, 5mm, 6mm, 8mm, 10mm, 12mm.
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Regional Analysis Based on geography, the market is segmented into five geographical regions
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North America
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Europe
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Asia-Pacific
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South America
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Middle East
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Africa
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