
Region:North America
Author(s):Sanjeev
Product Code:KROD9459
December 2024
94

The U.S. Pen Needles market is segmented by product type and by needle length.


The U.S. Pen Needles market is dominated by a few major players, including BD (Becton, Dickinson and Company), which is the leading provider of both standard and safety pen needles, and other global manufacturers such as Novo Nordisk and Ypsomed. This consolidation is due to the high R&D investments required for developing safer and more advanced pen needles, as well as the need for adherence to stringent regulatory standards in the U.S. market.
|
Company Name |
Establishment Year |
Headquarters |
R&D Investment |
Product Portfolio |
Market Share |
|
BD (Becton, Dickinson) |
1897 |
Franklin Lakes, NJ |
|||
|
Novo Nordisk |
1923 |
Bagsvrd, Denmark |
|||
|
Ypsomed |
1984 |
Burgdorf, Switzerland |
|||
|
Owen Mumford |
1952 |
Oxfordshire, UK |
|||
|
Terumo Corporation |
1921 |
Tokyo, Japan |
Over the next few years, the U.S. Pen Needles market is expected to experience continued growth due to advancements in pen needle technology, increasing government support for diabetes management, and an aging population that is more reliant on insulin administration. As technology evolves, smart pen needles that offer real-time data tracking and better control over dosage are expected to see increased adoption. Furthermore, environmental concerns may drive the development of more eco-friendly and biodegradable pen needles, adding to market growth.
1.1. Definition and Scope
1.2. Market Taxonomy
1.3. Market Growth Rate
1.4. Market Segmentation Overview
2.1. Historical Market Size
2.2. Year-On-Year Growth Analysis
2.3. Key Market Developments and Milestones
3.1. Growth Drivers
3.1.1. Increase in Diabetic Population
3.1.2. Technological Advancements in Pen Needles
3.1.3. Rising Preference for Self-Administration of Medication
3.1.4. Government Initiatives Supporting Diabetes Management
3.2. Market Challenges
3.2.1. High Costs Associated with Pen Needles
3.2.2. Alternatives to Pen Needles (Inhalable Insulin, Insulin Pumps)
3.2.3. Issues with Needle Phobia
3.3. Opportunities
3.3.1. Growing Aging Population
3.3.2. Increasing Demand in Emerging Markets
3.3.3. Development of Eco-friendly Pen Needles
3.4. Trends
3.4.1. Smart Pen Needles Integration
3.4.2. Needle Retraction Technology
3.4.3. Collaboration with Insulin Pen Manufacturers
3.5. Government Regulation
3.5.1. U.S. FDA Approvals for Pen Needles
3.5.2. Reimbursement Policies
3.5.3. Safety Guidelines for Needle Use
3.6. SWOT Analysis
3.7. Stake Ecosystem
3.8. Porters Five Forces
3.9. Competition Ecosystem
4.1. By Product Type (In Value %)
4.1.1. Standard Pen Needles
4.1.2. Safety Pen Needles
4.2. By Needle Length (In Value %)
4.2.1. 4mm
4.2.2. 5mm
4.2.3. 6mm
4.2.4. 8mm
4.3. By Gauge (In Value %)
4.3.1. 31G
4.3.2. 32G
4.3.3. 33G
4.4. By Application (In Value %)
4.4.1. Diabetes Management
4.4.2. Growth Hormone Therapy
4.4.3. Fertility Treatments
4.5. By End User (In Value %)
4.5.1. Hospitals
4.5.2. Clinics
4.5.3. Home Care Settings
4.5.4. Long-term Care Facilities
5.1. Detailed Profiles of Major Companies
5.1.1. BD (Becton, Dickinson and Company)
5.1.2. Novo Nordisk
5.1.3. Owen Mumford Ltd.
5.1.4. Ypsomed
5.1.5. Terumo Corporation
5.1.6. HTL-STREFA S.A.
5.1.7. Allison Medical
5.1.8. Artsana S.p.A.
5.1.9. Ultimed, Inc.
5.1.10. Hindustan Syringes & Medical Devices
5.1.11. Twobiens Co. Ltd.
5.1.12. Shanghai Kindly Enterprise Development Group
5.1.13. Sugama Needle Co., Ltd.
5.1.14. VOGT Medical
5.1.15. Promisemed Medical Supplies
5.2. Cross Comparison Parameters
No. of Employees, Headquarters, Inception Year, Revenue, Product Portfolio, R&D Investment, Production Capacity, Market Share
5.3. Market Share Analysis
5.4. Strategic Initiatives
5.5. Mergers and Acquisitions
5.6. Investment Analysis
5.7. Venture Capital Funding
5.8. Government Grants
5.9. Private Equity Investments
6.1. U.S. FDA Regulatory Standards
6.2. Compliance Requirements
6.3. Certification Processes
7.1. Future Market Size Projections
7.2. Key Factors Driving Future Market Growth
8.1. By Product Type (In Value %)
8.2. By Needle Length (In Value %)
8.3. By Gauge (In Value %)
8.4. By Application (In Value %)
8.5. By End User (In Value %)
9.1. TAM/SAM/SOM Analysis
9.2. Customer Cohort Analysis
9.3. Marketing Initiatives
9.4. White Space Opportunity Analysis
In the initial phase, we identified key variables influencing the U.S. Pen Needles market by constructing an ecosystem map of major stakeholders, including manufacturers, distributors, and healthcare providers. Extensive desk research using proprietary databases was conducted to define market dynamics and key drivers.
During this step, we compiled historical data related to the market, focusing on key performance metrics such as market penetration rates, sales data, and market share of pen needles. Analysis was carried out to validate the accuracy and reliability of revenue estimates.
We consulted with industry experts via telephone interviews to validate market hypotheses, providing valuable insights into operational efficiencies, sales channels, and competitive dynamics.
The final stage involved synthesizing data from various manufacturers to validate the insights collected and ensure the accuracy of the bottom-up analysis. This data was cross-checked with expert insights and additional secondary research sources.
The U.S. Pen Needles market is valued at approximately USD 888 million, driven by the increasing prevalence of diabetes and the rise of self-administered insulin therapy.
Challenges in the U.S. Pen Needles market include the high cost of safety needles, alternatives such as insulin pumps, and consumer reluctance due to needle phobia.
Major players in U.S. Pen Needles market include BD (Becton, Dickinson), Novo Nordisk, Ypsomed, Owen Mumford, and Terumo Corporation, all of which have established themselves through R&D investments and strategic partnerships.
Growth is propelled in U.S. Pen Needles market by factors such as the increasing prevalence of diabetes, advancements in pen needle technology, and government initiatives to promote better diabetes care.
Safety pen needles dominate the U.S. Pen Needles market due to growing awareness about the risks of needle-stick injuries and stringent healthcare safety regulations.
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