Global Pen Needles Market: Pen Needles to Maintain the Insulin Intake in Diabetic Patients

Global Pen Needles Market

Pen needles are used along with the injection pens so that it can deliver medicines to the body. They are of different lengths and are available in two variants- standard pen needles and safety pen needles. They are usually used by the diabetic patients so that they can inject insulin in their bodies. It is very easy to use& handle and is pain free. In these pen needles, usually a hollow needle is implanted into the plastic hub and then that is attached to the injection pen.  These syringes as compared to the syringes and vials are accurate, simple and easy to use. This insulin is usually kept in the refrigerator but the opened one need to keep at room temperature. Today, there is a smart pen which has the ability to check the appropriate dose of insulin that one need to get injected.

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Some of the common factors driving the growth of this market are as follow:

  • Rising prevalence of diabetes: Diabetes is conditions which occurs when the blood sugar level of the body is high and it mainly affect the body ability to use or create insulin. Insulin is a hormone whose main function is to convert the consumed food into energy. Thera are three kind of diabetes; Type 1 or juvenile diabetes, Type 2 diabetes and gestational diabetes.  According to World Health Organization, diabetes is the major factor for the death of 1.6 million people and high blood glucose accounted responsible for 2.2 million deaths in 2012
  • Increasing awareness of health related needs: Today, people are trying to follow a healthy lifestyle which is ultimately increasing the demand for more devices and technologies so that they can track their health conditions. People with diabetes are using point of care testing devices so that they can easily track their blood sugar level and as per that they can treat their condition and get necessary treatment. This not only helps them to keep eye on their condition but also help them to maintain their health

The global pen needles market is segmented on the basis of product type into standard pen needles, safety pen needles; product length which is segmented as nano length, medium length, long length; usability is classified as reusable pen needles, disposable pen needles; application is segmented as diabetes, growth hormone deficiency, others; therapy is segmented as insulin, glucagon-like peptide-1, growth hormones and end user is segmented into (hospitals, clinics, OTC, home healthcare and others.

Some of the launches and acquisition in the market are as follow:

  • In February 2019, BD announced that they have received approval from the Food and Drug Administration 510(k) for their new BD Nano pen needle. This specially designed for the diabetes patients so that they can get medication easily and can track their diabetes more conveniently. It also has extra thin wall EasyFlow technology which has the ability to enhance the flow rate of the medicine
  • In February 2019, Bigfoot Biomedical announced that they have made an agreement with Owen Mumford‘s Pentips according to which the Owen will sell their pen needle with Bigfoot injection system. The company made this agreement with the Owen because their needle are compatible with the entire disposable insulin pen and are also available in different sizes and gauges. This will help the company to provide better and comfortable insulin pens to their customers

 “According to Data Bridge Market Research, global pen needles market has accounted grow at a healthy CAGR of 11.6% in the forecast period of 2017 to 2024”

Some of the major players in the global pen needles market includes Becton, Dickinson and Company, ADW Diabetes, Novo Nordisk, A.Menarini Diagnostics, Ulticare, Ypsomed Holding AG, Facet Technologies, B. Braun Melsungen AG, Shanghai Neo-Medical Co. Ltd, HTL-Strefa S.A., Frank Healthcare Co., Ltd, Stat Medical Devices, Inc., Terumo Corporation, Domrex Pharma Inc., Vogt Medical Vertrieb GmbH, Artsana S.p.a, Eli Lilly, Owen Mumford Ltd, KD Medical GmbH Hospital Products, Allison Medical, Inc., Digital Medics Pty Ltd, and Ultimed, Inc. among others.

With advancement in the technology, pen needles are developed in such a way so that they can be used easily by the patient and provide comfort. These pen needles are very helpful for the diabetic patients who require constant insulin injections. There portable nature helps the patient to get their doses on time, no matter where they are. These needles are small and thin due to which they reduce pain. These factors are creating some opportunities for this market to grow.