South Korea Pen Needles Market Size & Outlook, 2023-2030
South Korea pen needles market, 2018-2030 (US$M)
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South Korea pen needles market highlights
- The South Korea pen needles market generated a revenue of USD 79.7 million in 2023 and is expected to reach USD 191.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13.4% 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 79.7 million |
| Market revenue in 2030 | USD 191.9 million |
| Growth rate | 13.4% (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 Korea accounted for 2.2% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 91.84% in 2023. Horizon Databook has segmented the South Korea pen needles market based on standard pen needles, safety pen needles covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Pen Needles Product Outlook (Revenue, USD Million, 2018-2030)
- Standard Pen Needles
- Safety Pen Needles
- South Korea Pen Needles Needle Length Outlook (Revenue, USD Million, 2018-2030)
- 4mm
- 5mm
- 6mm
- 8mm
- 10mm
- 12mm
- South Korea 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 Korea pen needles market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pen needles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pen needles market size, by product, 2018-2030 (US$M)
South Korea Pen Needles Market Outlook Share, 2023 & 2030 (US$M)
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