South Africa Pen Needles Market Size & Outlook, 2023-2030
South Africa pen needles market, 2018-2030 (US$M)
Related Markets
South Africa pen needles market highlights
- The South Africa pen needles market generated a revenue of USD 50.5 million in 2023 and is expected to reach USD 114.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 12.4% 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 50.5 million |
| Market revenue in 2030 | USD 114.3 million |
| Growth rate | 12.4% (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, South Africa accounted for 1.4% 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 Middle East & Africa, South Africa pen needles market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 114.3 million by 2030.
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Pen Needles Market Scope
Pen Needles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 89.9% in 2023. Horizon Databook has segmented the South Africa pen needles market based on standard pen needles, safety pen needles covering the revenue growth of each sub-segment from 2018 to 2030.
- South Africa Pen Needles Product Outlook (Revenue, USD Million, 2018-2030)
- Standard Pen Needles
- Safety Pen Needles
- South Africa Pen Needles Needle Length Outlook (Revenue, USD Million, 2018-2030)
- 4mm
- 5mm
- 6mm
- 8mm
- 10mm
- 12mm
- South Africa 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa pen needles market , including forecasts for subscribers. This country databook contains high-level insights into South Africa pen needles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa pen needles market size, by product, 2018-2030 (US$M)
South Africa Pen Needles Market Outlook Share, 2023 & 2030 (US$M)
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