Comparing 10 vendors in Pen Needles Startups across 0 criteria.

The global pen needles market is poised for significant growth due to various factors driving its expansion. Pen needles are essential components of pen injectors and are widely used in the self-administration of injectable medications, particularly for treating chronic diseases such as diabetes. The market is anticipated to reach USD 3,083.6 million by 2030, growing at a CAGR of 9.2% from 2024. This growth is primarily attributed to the rising incidence of chronic conditions requiring regular injectable treatments and the growing adoption of biosimilar drugs which reduce costs and improve accessibility.

Market Leadership Quadrant

1 INTRODUCTION

    1.1 Study Objectives
    1.2 Market Definition

        1.2.1 Inclusions & Exclusions
        1.2.2 Market Segmentation
        1.2.3 Years Considered
        1.2.4 Currency Considered

    1.3 Limitations
    1.4 Stakeholders
    1.5 Summary of Changes


2 MARKET OVERVIEW

    2.1 Introduction
    2.2 Market Dynamics

        2.2.1 Drivers

            2.2.1.1 Rising incidence of chronic diseases
            2.2.1.2 Favorable reimbursements in certain  countries
            2.2.1.3 Growing adoption of self-administration
            2.2.1.4 Decreasing prices of insulin formulations

        2.2.2 Restraints

            2.2.2.1 Alternative methods of drug delivery
            2.2.2.2 Poor reimbursement scenario in  emerging markets
            2.2.2.3 Needle anxiety

        2.2.3 Opportunities

            2.2.3.1 Growing preference for biosimilar drugs
            2.2.3.2 Emerging economies to offer highgrowth potential
            2.2.3.3 Rising healthcare expenditure on diabetes
            2.2.3.4 Implementation of regulations for safety  pen needles

        2.2.4 Challenges

            2.2.4.1 ReUse of pen needles
            2.2.4.2 MisUse of injection pens

    2.3 Industry Trends

        2.3.1 Growing Preference for Safety-Engineered Pen  Needles
        2.3.2 Rising Adoption of Shorter and Ultra-Thin Needles

    2.4 Reimbursement Scenario
    2.5 Value Chain Analysis
    2.6 Ecosystem Analysis
    2.7 Porter’s Five Forces Analysis

        2.7.1 Intensity of Competitive Rivalry
        2.7.2 Bargaining Power of Suppliers
        2.7.3 Bargaining Power of Buyers
        2.7.4 Threat of Substitutes
        2.7.5 Threat of New Entrants

    2.8 Supply Chain Analysis
    2.9 Trade Analysis

        2.9.1 Trade Analysis of Needles, Catheters, and Cannulae  Used in
              Medical, Surgical, Dental, or Veterinary  Sciences (HS Code
              901839)
        2.9.2 Export Data (HS Code 901839), 2019–2023
        2.9.3 Import Data (HS Code 901839), 2019–2023

    2.10 Patent Analysis

        2.10.1 Patent Publication Trends for Pen Needles
        2.10.2 Insights: Jurisdiction and Top Applicant Analysis

    2.11 Technology Analysis

        2.11.1 Key Technologies

            2.11.1.1 Fluid flow enhancement technology
            2.11.1.2 Ultra-thin needle technology

        2.11.2 Complementary Technologies

            2.11.2.1 Microfabricated needles
            2.11.2.2 AI in pen injectors

        2.11.3 Adjacent Technologies

            2.11.3.1 Autoinjectors

    2.12 Key Conferences & Events, 2025–2026
    2.13 Adjacent Market Analysis

        2.13.1 Autoinjectors Market
        2.13.2 Insulin Delivery Devices Market
        2.13.3 Injection Pens Market
        2.13.4 Needles Market

    2.14 Impact of AI/Gen AI on Pen Needles Market
    2.15 Trends/Disruptions Impacting Customers’ Business
    2.16 Unmet Needs Analysis
    2.17 Investment & Funding Scenario


3 COMPETITIVE LANDSCAPE

    3.1 Introduction
    3.2 Key Player Strategies/Right to Win

        3.2.1 Overview of Strategies Adopted By Key Players in  Pen Needles
              Market

    3.3 Revenue Analysis, 2019–2023
    3.4 Market Share Analysis, 2023
    3.5 Company Evaluation Matrix: Startups/SMEs, 2023

        3.5.1 Progressive Companies
        3.5.2 Responsive Companies
        3.5.3 Dynamic Companies
        3.5.4 Starting Blocks
        3.5.5 Competitive Benchmarking

            3.5.5.1 Detailed list of key startups/SMEs
            3.5.5.2 Competitive benchmarking of key  startups/SMEs

    3.6 Company Valuation & Financial Metrics
    3.7 Competitive Scenario

        3.7.1 Product Launches & Approvals
        3.7.2 Deals
        3.7.3 Expansions

    3.8 Brand/Product Comparison

4 COMPANY PROFILES

    4.1 GLUCORX LIMITED

        4.1.1 Business overview
        4.1.2 Products/Solutions/Services offered
        4.1.3 Recent developments

    4.2 SIMPLE DIAGNOSTICS

        4.2.1 Business overview
        4.2.2 Products/Solutions/Services offered
        4.2.3 Recent developments

    4.3 WELLION

        4.3.1 Business overview
        4.3.2 Products/Solutions/Services offered
        4.3.3 Recent developments

    4.4 LINKS MEDICAL PRODUCTS INC.

        4.4.1 Business overview
        4.4.2 Products/Solutions/Services offered
        4.4.3 Recent developments

    4.5 MHC MEDICAL PRODUCTS, LLC

        4.5.1 Business overview
        4.5.2 Products/Solutions/Services offered
        4.5.3 Recent developments

    4.6 ADVACARE PHARMA

        4.6.1 Business overview
        4.6.2 Products/Solutions/Services offered
        4.6.3 Recent developments

    4.7 MEDEXCEL

        4.7.1 Business overview
        4.7.2 Products/Solutions/Services offered
        4.7.3 Recent developments

    4.8 PROMISEMED MEDICAL DEVICES, INC.

        4.8.1 Business overview
        4.8.2 Products/Solutions/Services offered
        4.8.3 Recent developments

    4.9 FEEL TECH

        4.9.1 Business overview
        4.9.2 Products/Solutions/Services offered
        4.9.3 Recent developments

    4.10 MONTMED

        4.10.1 Business overview
        4.10.2 Products/Solutions/Services offered
        4.10.3 Recent developments
 

 
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Icon Company
Icon Headquarters
Icon Year Founded
Icon Holding Type
AdvaCare Pharma Wyoming, US 2005 Private
Feel Tech Gyeonggi, Korea 2004 Private
GlucoRx Limited Surrey, UK 2010 Private
Links Medical Products Inc. California, US 1995 Private
MHC Medical Products Ohio, US 2005 Private
 

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