Global Insulin Pen Needles Market to Reach $4.2 Billion by 2030
The global market for Insulin Pen Needles estimated at US$2.7 Billion in the year 2023, is expected to reach US$4.2 Billion by 2030, growing at a CAGR of 6.7% over the period 2023-2030. Standard Insulin Pen Needles, one of the segments analyzed in the report, is expected to record 6.3% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the Safety-Engineered Insulin Pen Needles segment is estimated at 7.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $707.6 Million, While China is Forecast to Grow at 9.8% CAGR
The Insulin Pen Needles market in the U.S. is estimated at US$707.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$991.1 Million by the year 2030 trailing a CAGR of 9.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
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