Product Code: ETC4469725 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India pen needles market import shipments demonstrated a robust upward trajectory from 2020 to 2024, with a notable CAGR of 19.5%. Growth accelerated further between 2023 and 2024, with a significant rate of 31.7%. The market expanded consistently, indicating strong momentum and a positive overall trend.
Pen needles are an integral component of insulin delivery for diabetic patients. As the prevalence of diabetes increases in India, the demand for pen needles is on the rise. Pen needle manufacturers are offering advanced features such as ultra-thin needles and safety mechanisms to improve patient experience and safety.
The India Pen Needles Market is witnessing growth driven by the increasing prevalence of diabetes and the shift toward self-administration of insulin by patients. Pen needles offer a convenient and less painful method for insulin delivery. The market is also being bolstered by technological advancements that improve needle design and ease of use.
The India pen needles market confronts challenges related to healthcare access and affordability. While the demand for pen needles is growing due to the rising prevalence of diabetes, a significant portion of the India population still lacks access to quality healthcare. The cost of pen needles and related diabetes management products can be prohibitive for many. Furthermore, patient education and awareness about proper insulin delivery are essential challenges. Ensuring that patients are correctly using pen needles to manage their condition is vital for their health and the market`s growth.
The COVID-19 pandemic had a noticeable impact on the India pen needles market. The increased focus on self-administered medications and the management of chronic conditions led to higher demand for pen needles. As people sought to reduce the need for healthcare facility visits, the convenience and safety of pen needles became more apparent. This trend is expected to continue as healthcare consumers become more proactive in managing their health and medication needs.
Companies like Becton Dickinson, Novo Nordisk, Ypsomed, and Terumo are significant in India pen needles market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Pen Needles Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Pen Needles Market Revenues & Volume, 2021 & 2031F |
3.3 India Pen Needles Market - Industry Life Cycle |
3.4 India Pen Needles Market - Porter's Five Forces |
3.5 India Pen Needles Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Pen Needles Market Revenues & Volume Share, By Length, 2021 & 2031F |
3.7 India Pen Needles Market Revenues & Volume Share, By Therapy, 2021 & 2031F |
4 India Pen Needles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of diabetes in India |
4.2.2 Growing awareness about the importance of insulin delivery devices |
4.2.3 Technological advancements in pen needle design and functionality |
4.3 Market Restraints |
4.3.1 Lack of proper healthcare infrastructure in rural areas |
4.3.2 High cost associated with advanced pen needle devices |
4.3.3 Stringent regulatory requirements for product approval |
5 India Pen Needles Market Trends |
6 India Pen Needles Market, By Types |
6.1 India Pen Needles Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Pen Needles Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Pen Needles Market Revenues & Volume, By Standard pen needles, 2021-2031F |
6.1.4 India Pen Needles Market Revenues & Volume, By Safety pen needles, 2021-2031F |
6.2 India Pen Needles Market, By Length |
6.2.1 Overview and Analysis |
6.2.2 India Pen Needles Market Revenues & Volume, By 4mm, 2021-2031F |
6.2.3 India Pen Needles Market Revenues & Volume, By 5mm, 2021-2031F |
6.2.4 India Pen Needles Market Revenues & Volume, By 6mm, 2021-2031F |
6.2.5 India Pen Needles Market Revenues & Volume, By 8mm, 2021-2031F |
6.2.6 India Pen Needles Market Revenues & Volume, By 10mm, 2021-2031F |
6.2.7 India Pen Needles Market Revenues & Volume, By 12mm, 2021-2031F |
6.3 India Pen Needles Market, By Therapy |
6.3.1 Overview and Analysis |
6.3.2 India Pen Needles Market Revenues & Volume, By Insulin therapy, 2021-2031F |
6.3.3 India Pen Needles Market Revenues & Volume, By Glucagon-like Peptide-1 (GLP-1) therapy, 2021-2031F |
6.3.4 India Pen Needles Market Revenues & Volume, By Growth hormone therapy, 2021-2031F |
6.3.5 India Pen Needles Market Revenues & Volume, By Other therapies, 2021-2031F |
7 India Pen Needles Market Import-Export Trade Statistics |
7.1 India Pen Needles Market Export to Major Countries |
7.2 India Pen Needles Market Imports from Major Countries |
8 India Pen Needles Market Key Performance Indicators |
8.1 Adoption rate of pen needles among diabetes patients |
8.2 Rate of new product launches and innovations in the pen needle market |
8.3 Number of partnerships and collaborations between key players in the industry |
9 India Pen Needles Market - Opportunity Assessment |
9.1 India Pen Needles Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Pen Needles Market Opportunity Assessment, By Length, 2021 & 2031F |
9.3 India Pen Needles Market Opportunity Assessment, By Therapy, 2021 & 2031F |
10 India Pen Needles Market - Competitive Landscape |
10.1 India Pen Needles Market Revenue Share, By Companies, 2024 |
10.2 India Pen Needles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |