Product Code: ETC4469731 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Vietnam Pen Needles Market is experiencing growth as a result of the rising prevalence of diabetes and the increasing adoption of injectable insulin therapies. Pen needles, a crucial component of insulin delivery systems, provide a convenient and less painful option for diabetes patients. The market is characterized by advancements in pen needle technology, such as ultra-thin and safety pen needles, enhancing the overall patient experience. In Vietnam, the Pen Needles Market is expected to continue its expansion, supported by the growing diabetic population and the emphasis on improving diabetes management through innovative and user-friendly solutions.
The Vietnam Pen Needles Market is witnessing remarkable growth due to several key drivers. The rising prevalence of diabetes and the need for frequent insulin injections among patients are major factors fueling this market. Pen needles, as convenient and less painful alternatives to traditional syringes, are in high demand. Furthermore, increasing awareness of diabetes management and the government`s efforts to improve healthcare infrastructure are supporting the adoption of pen needles. Technological advancements in pen needle design, such as shorter, thinner, and painless needles, are further enhancing their popularity.
In the Vietnam Pen Needles Market, challenges arise from the increasing prevalence of needlestick injuries and concerns related to needle disposal. The market also faces barriers in terms of patient education and acceptance of pen needles as a preferred mode of drug delivery. Regulatory complexities surrounding needle manufacturing and usage contribute to the challenges in this market.
The Pen Needles market in Vietnam has faced challenges during the COVID-19 pandemic, with disruptions in the supply chain affecting the availability of diabetes management devices. However, the increased awareness of diabetes care and the rising prevalence of the disease are expected to drive market recovery. The post-pandemic period may witness a heightened demand for convenient and user-friendly pen needle solutions.
In the dynamic Vietnam Pen Needles Market, several key players drive innovation and market growth. Becton, Dickinson and Company (BD), Ypsomed AG, and Owen Mumford are noteworthy names in this sector. Becton, Dickinson and Company (BD) are pioneers in pen needle technology, contributing significantly to the market`s evolution. Ypsomed AG, with its focus on injection and infusion systems, is a key player providing essential pen needle solutions. Owen Mumford, known for its commitment to patient-centric innovations, also plays a vital role in shaping the Vietnam 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 Vietnam Pen Needles Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Pen Needles Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Pen Needles Market - Industry Life Cycle |
3.4 Vietnam Pen Needles Market - Porter's Five Forces |
3.5 Vietnam Pen Needles Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Pen Needles Market Revenues & Volume Share, By Length, 2021 & 2031F |
3.7 Vietnam Pen Needles Market Revenues & Volume Share, By Therapy, 2021 & 2031F |
4 Vietnam Pen Needles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Pen Needles Market Trends |
6 Vietnam Pen Needles Market, By Types |
6.1 Vietnam Pen Needles Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Pen Needles Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Pen Needles Market Revenues & Volume, By Standard pen needles, 2021-2031F |
6.1.4 Vietnam Pen Needles Market Revenues & Volume, By Safety pen needles, 2021-2031F |
6.2 Vietnam Pen Needles Market, By Length |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Pen Needles Market Revenues & Volume, By 4mm, 2021-2031F |
6.2.3 Vietnam Pen Needles Market Revenues & Volume, By 5mm, 2021-2031F |
6.2.4 Vietnam Pen Needles Market Revenues & Volume, By 6mm, 2021-2031F |
6.2.5 Vietnam Pen Needles Market Revenues & Volume, By 8mm, 2021-2031F |
6.2.6 Vietnam Pen Needles Market Revenues & Volume, By 10mm, 2021-2031F |
6.2.7 Vietnam Pen Needles Market Revenues & Volume, By 12mm, 2021-2031F |
6.3 Vietnam Pen Needles Market, By Therapy |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Pen Needles Market Revenues & Volume, By Insulin therapy, 2021-2031F |
6.3.3 Vietnam Pen Needles Market Revenues & Volume, By Glucagon-like Peptide-1 (GLP-1) therapy, 2021-2031F |
6.3.4 Vietnam Pen Needles Market Revenues & Volume, By Growth hormone therapy, 2021-2031F |
6.3.5 Vietnam Pen Needles Market Revenues & Volume, By Other therapies, 2021-2031F |
7 Vietnam Pen Needles Market Import-Export Trade Statistics |
7.1 Vietnam Pen Needles Market Export to Major Countries |
7.2 Vietnam Pen Needles Market Imports from Major Countries |
8 Vietnam Pen Needles Market Key Performance Indicators |
9 Vietnam Pen Needles Market - Opportunity Assessment |
9.1 Vietnam Pen Needles Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Pen Needles Market Opportunity Assessment, By Length, 2021 & 2031F |
9.3 Vietnam Pen Needles Market Opportunity Assessment, By Therapy, 2021 & 2031F |
10 Vietnam Pen Needles Market - Competitive Landscape |
10.1 Vietnam Pen Needles Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Pen Needles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |