Latin America Pen Needles Market Size & Outlook, 2023-2030
Latin America pen needles market, 2018-2030 (US$M)
Related Markets
Latin America pen needles market highlights
- The Latin America pen needles market generated a revenue of USD 285.7 million in 2023.
- The market is expected to grow at a CAGR of 12.9% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 285.7 million |
| Market revenue in 2030 | USD 670.0 million |
| Growth rate | 12.9% (CAGR from 2023 to 2030) |
| Largest segment | Standard pen needles |
| Fastest growing segment | Safety Pen Needles |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 8.0% of the global pen needles market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,897.7 million by 2030.
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Pen Needles Market Scope
Pen Needles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 89.32% in 2023. Horizon Databook has segmented the Latin America pen needles market based on standard pen needles, safety pen needles covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Pen Needles Product Outlook (Revenue, USD Million, 2018-2030)
- Standard Pen Needles
- Safety Pen Needles
- Latin America Pen Needles Needle Length Outlook (Revenue, USD Million, 2018-2030)
- 4mm
- 5mm
- 6mm
- 8mm
- 10mm
- 12mm
- Latin America Pen Needles Therapy Outlook (Revenue, USD Million, 2018-2030)
- Insulin
- Glucagon-like-peptide-1
- Growth Hormone
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Our clientele includes a mix of pen needles market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pen needles market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pen needles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America pen needles market size, by country, 2018-2030 (US$M)
Latin America Pen Needles Market Outlook Share, 2023 & 2030 (US$M)
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