
BCC Research Forecasts 7.5% CAGR For Pen Needles Market Through 2030
Report Metric | Details |
Base year considered | 2024 |
Forecast period considered | 2025-2030 |
Base year market size | $2.7 billion |
Market size forecast | $4.2 billion |
Growth rate | CAGR of 7.5% from 2025 to 2030 |
Segments covered | Type, Application, Needle Length, and Region |
Regions covered | North America, Europe, Asia-Pacific, the Middle East and Africa (MEA), and South America |
Market Drivers |
|
Interesting facts
- Patient Preference and Innovation: Over 90% of insulin-dependent patients in developed countries now prefer pen injectors over traditional syringes, highlighting a shift toward ease of use and improved patient care. The introduction of ultra-thin pen needles, such as 32-gauge, has further enhanced comfort, encouraging better treatment adherence.
- Safety and Access Challenges: Safety pen needles have become one of the fastest-growing segments due to rising awareness of needlestick injuries among both patients and healthcare workers. However, needle reuse remains a concern in some regions, underscoring ongoing issues with access to supplies and patient education .
Emerging startups
- Montmed, Inc. Links Medical Products Simple Diagnostics Glucorx Ltd. MHC Medical Products
The report addresses the following questions:
What are the projected size and growth rate of the market?- The global market for pen needles was $2.7 billion in 2024 and is projected to reach $4.2 billion by the end of 2030. The market is expected to grow at a CAGR of 7.5% during the forecast period.
- These include the rising prevalence of diabetes and an increasing aging population, the growing use of insulin pens, and trends in home healthcare and self-administration.
- The report segments the market into type. The report covers standard and safety pen needles based on type. The market is further segmented by application into insulin, glucagon-like-peptide-1, growth hormone, and others. The market is segmented by needle length into 8mm, 5mm, 4mm, and others.
- Standard pen needles will dominate the pen needles market through the forecast period.
- North America has the largest market share.
Market leaders include:
- ADVACARE PHARMA ALLISON MEDICAL B. BRAUN SE EMBECTA CORP. MEDICAL TECHNOLOGY AND DEVICES S.P.A. NIPRO NOVO NORDISK A/S OWEN MUMFORD LTD. TERUMO CORP. ULTIMED INC .
Related report:
Global Diabetic Care Devices Market : This report reviews the diabetes monitoring devices market, focusing on diagnostic tools used for tracking blood glucose levels. It covers two main product categories: self-monitoring blood glucose (SMBG) devices, which include meters, test strips, and lancets; and continuous glucose monitoring (CGM) systems, comprising sensors, transmitters, and receivers. The study analyzes market trends, drivers, challenges, and opportunities, and provides insights into historical, current, and projected market sizes. It also includes regional and country-level analysis, profiles of key companies with their revenues and product portfolios, and examines usage across hospitals, home care settings, and diagnostic centers.
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