China Pen Needles Market Size & Outlook, 2023-2030
The pen needles market in China is expected to reach a projected revenue of US$ 686.0 million by 2030. A compound annual growth rate of 14.9% is expected of China pen needles market from 2024 to 2030.
Revenue, 2023 (US$M)
$258.9
Forecast, 2030 (US$M)
$686.0
CAGR, 2024 - 2030
14.9%
Report Coverage
China
China pen needles market, 2018-2030 (US$M)
Related Markets
China pen needles market highlights
- The China pen needles market generated a revenue of USD 258.9 million in 2023 and is expected to reach USD 686.0 million by 2030.
- The China market is expected to grow at a CAGR of 14.9% from 2024 to 2030.
- In terms of segment, standard pen needles was the largest revenue generating product in 2023.
- Safety Pen Needles is the most lucrative product segment registering the fastest growth during the forecast period.
Pen needles market data book summary
| Market revenue in 2023 | USD 258.9 million |
| Market revenue in 2030 | USD 686.0 million |
| Growth rate | 14.9% (CAGR from 2023 to 2030) |
| Largest segment | Standard pen needles |
| Fastest growing segment | Safety Pen Needles |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Standard Pen Needles, Safety Pen Needles |
| Key market players worldwide | Novo Nordisk A/S ADR, Becton Dickinson & Co, Terumo Corp, Owen Mumford, Ypsomed Holding AG, B. Braun, Artsana S.p.A. |
Other key industry trends
- In terms of revenue, China accounted for 7.3% of the global pen needles market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pen needles market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 686.0 million by 2030.
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Pen Needles Market Scope
Pen needles market segmentation & scope
Pen Needles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China pen needles market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pen needles market will help companies and investors design strategic landscapes.
Standard pen needles was the largest segment with a revenue share of 87.1% in 2023. Horizon Databook has segmented the China pen needles market based on standard pen needles, safety pen needles covering the revenue growth of each sub-segment from 2018 to 2030.
- China Pen Needles Product Outlook (Revenue, USD Million, 2018-2030)
- Standard Pen Needles
- Safety Pen Needles
- China Pen Needles Needle Length Outlook (Revenue, USD Million, 2018-2030)
- 4mm
- 5mm
- 6mm
- 8mm
- 10mm
- 12mm
- China Pen Needles Therapy Outlook (Revenue, USD Million, 2018-2030)
- Insulin
- Glucagon-like-peptide-1
- Growth Hormone
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Horizon Databook provides a detailed overview of country-level data and insights on the China pen needles market , including forecasts for subscribers. This country databook contains high-level insights into China pen needles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China pen needles market size, by product, 2018-2030 (US$M)
China Pen Needles Market Outlook Share, 2023 & 2030 (US$M)
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